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
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
Shore Property Management Ltd
Statement of financial position
as at 31 January 2024
Investment property
453,171
Cash at bank and in hand
4,206
Creditors: amounts falling due within one year
(521,617)
Net current liabilities
(517,411)
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
Shore Property Management Ltd
Notes to the Accounts
for the period from 12 January 2023 to 31 January 2024
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
At 31 January 2024
453,171
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Creditors: amounts falling due within one year
2024
Bank loans and overdrafts
6,855
Loans from directors
140,209
Other creditors includes a loan of £263,813 from a connected entity, a company under common control.
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.
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Average number of employees
During the period the average number of employees was 2.