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Company Registration No. 14588646 (England and Wales)
Shore Property Management Ltd Unaudited accounts for the period from 12 January 2023 to 31 January 2024
Shore Property Management Ltd Unaudited accounts Contents
Page
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Shore Property Management Ltd Company Information for the period from 12 January 2023 to 31 January 2024
Directors
John Baxter Joshua James Taylor
Company Number
14588646 (England and Wales)
Registered Office
9 Seamill Park Avenue Worthing West Sussex BN11 2PU England
Accountants
Collective Concepts Accounting Ltd
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Shore Property Management Ltd Statement of financial position as at 31 January 2024
2024 
Notes
£ 
Fixed assets
Investment property
453,171 
Current assets
Cash at bank and in hand
4,206 
Creditors: amounts falling due within one year
(521,617)
Net current liabilities
(517,411)
Net liabilities
(64,240)
Capital and reserves
Called up share capital
100 
Profit and loss account
(64,340)
Shareholders' funds
(64,240)
For the period ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by
John Baxter Director Company Registration No. 14588646
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Shore Property Management Ltd Notes to the Accounts for the period from 12 January 2023 to 31 January 2024
1
Statutory information
Shore Property Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 14588646. The registered office is 9 Seamill Park Avenue, Worthing, West Sussex, BN11 2PU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the period from 12 January 2023 to 31 January 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 12 January 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The financial statement have been prepared on a going concern basis on the grounds that the Directors have confirmed they will continue to support the company.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024 
£ 
Additions
453,171 
At 31 January 2024
453,171 
5
Creditors: amounts falling due within one year
2024 
£ 
Bank loans and overdrafts
6,855 
Trade creditors
10,742 
Other creditors
363,811 
Loans from directors
140,209 
521,617 
Other creditors includes a loan of £263,813 from a connected entity, a company under common control.
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Shore Property Management Ltd Notes to the Accounts for the period from 12 January 2023 to 31 January 2024
6
Transactions with related parties
Creditors includes a non-interest bearing loans of £263,813 owed to All Ventilation & Extraction Ltd, an entity under common control and £100,000 owed to Utensils (Southern) Ltd, a related party due to shared ownership.
7
Average number of employees
During the period the average number of employees was 2.
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