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REGISTERED NUMBER: 11349568 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Internet Shed Investments Limited

Internet Shed Investments Limited (Registered number: 11349568)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Internet Shed Investments Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr N A Dunstone





SECRETARY: Mr N A Dunstone





REGISTERED OFFICE: 31 Knoll Road
Fleet
Hampshire
GU51 4PT





REGISTERED NUMBER: 11349568 (England and Wales)





ACCOUNTANTS: Accsys Accountants (Medway) Limited
F39 Innovation Centre Medway
Chatham
Kent
ME5 9FD

Internet Shed Investments Limited (Registered number: 11349568)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £ £ £ £
FIXED ASSETS
Investment property 4 450,000 430,000

CURRENT ASSETS
Debtors 5 92 88
Cash at bank 4,483 2,182
4,575 2,270
CREDITORS
Amounts falling due within one year 6 255,709 256,747
NET CURRENT LIABILITIES (251,134 ) (254,477 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

198,866

175,523

CREDITORS
Amounts falling due after more than one
year

7

(140,250

)

(140,250

)

PROVISIONS FOR LIABILITIES (11,809 ) -
NET ASSETS 46,807 35,273

CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable reserves 9 35,428 27,237
Retained earnings 9 11,279 7,936
46,807 35,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Internet Shed Investments Limited (Registered number: 11349568)

Statement of Financial Position - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 October 2024 and were signed by:





Mr N A Dunstone - Director


Internet Shed Investments Limited (Registered number: 11349568)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Internet Shed Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The financial statements relate to the individual entity only.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents total rent receivable.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Operating lease income
Income from operating leases is recognised on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 July 2023 430,000
Revaluations 20,000
At 30 June 2024 450,000
NET BOOK VALUE
At 30 June 2024 450,000
At 30 June 2023 430,000

Fair value at 30 June 2024 is represented by:
£
Valuation in 2020 (32,763 )
Valuation in 2021 10,000
Valuation in 2022 10,000
Valuation in 2023 40,000
Valuation in 2024 20,000
Cost 402,763
450,000

Internet Shed Investments Limited (Registered number: 11349568)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

30.6.24 30.6.23
£ £
Cost 402,763 402,763

Investment property was valued on an open market basis on 30 June 2024 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£ £
Other debtors 92 88

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£ £
Taxation and social security 1,253 364
Other creditors 254,456 256,383
255,709 256,747

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£ £
Bank loans 140,250 140,250

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 140,250 140,250

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£ £
Bank loans 140,250 140,250

Internet Shed Investments Limited (Registered number: 11349568)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. RESERVES
Non
Retained distributable
earnings reserves Totals
£ £ £

At 1 July 2023 7,936 27,237 35,173
Profit for the year 13,534 13,534
Dividends (2,000 ) (2,000 )
Property revaluation (20,000 ) 20,000 -
Deferred tax provision 11,809 (11,809 ) -
At 30 June 2024 11,279 35,428 46,707