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REGISTERED NUMBER: 05814352 (England and Wales)



















Financial Statements

for the Year Ended 31 May 2024

for

Shiredale Limited

Shiredale Limited (Registered number: 05814352)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Shiredale Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: L M Fountain





REGISTERED OFFICE: Hollywood
Somersal Lane
Marston Montgomery
Ashbourne
Derbyshire
DE6 2FE





REGISTERED NUMBER: 05814352 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Shiredale Limited (Registered number: 05814352)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 159,494 128,736
Investment property 5 2,037,000 2,037,000
2,196,494 2,165,736

CURRENT ASSETS
Debtors 6 62,335 25,120
Cash at bank 57,053 7,653
119,388 32,773
CREDITORS
Amounts falling due within one year 7 1,370,699 124,517
NET CURRENT LIABILITIES (1,251,311 ) (91,744 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

945,183

2,073,992

CREDITORS
Amounts falling due after more than one
year

8

79,508

1,325,842
NET ASSETS 865,675 748,150

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 506,878 506,878
Retained earnings 358,697 241,172
SHAREHOLDERS' FUNDS 865,675 748,150

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Shiredale Limited (Registered number: 05814352)

Balance Sheet - continued
31 May 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 November 2024 and were signed by:





L M Fountain - Director


Shiredale Limited (Registered number: 05814352)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Shiredale 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.

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 rents and recharges of utilites receivable from properties. Turnover is recognised when rentals are due in accordance with the lease terms.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is not depreciated but is revalued annually at its fair value, in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss and transferred to a fair value reserve.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Shiredale Limited (Registered number: 05814352)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 97,882 77,581 16,667 489 192,619
Additions 33,866 26,000 - - 59,866
At 31 May 2024 131,748 103,581 16,667 489 252,485
DEPRECIATION
At 1 June 2023 25,810 28,274 9,636 163 63,883
Charge for year 15,891 11,296 1,758 163 29,108
At 31 May 2024 41,701 39,570 11,394 326 92,991
NET BOOK VALUE
At 31 May 2024 90,047 64,011 5,273 163 159,494
At 31 May 2023 72,072 49,307 7,031 326 128,736

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 2,037,000
NET BOOK VALUE
At 31 May 2024 2,037,000
At 31 May 2023 2,037,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2024 2,037,000

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

2024 2023
£    £   
Cost 2,037,000 2,037,000
Aggregate depreciation (162,960 ) (122,220 )

Investment property was valued on a fair value basis basis on 31 May 2024 by the director .

Shiredale Limited (Registered number: 05814352)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 42,230 20,720
Other debtors 1,121 -
Prepayments and accrued income 18,984 4,400
62,335 25,120

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 847,322 76,268
Trade creditors 8,142 1,070
Tax 23,785 23,105
Social security and other taxes - 8,332
Director's current account 481,971 3,076
Accruals and deferred income 9,479 12,666
1,370,699 124,517

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 79,508 1,325,842

9. LEASING AGREEMENTS
The following operating lease income is committed to be received:

2024 2023
£ £
Within one year 163,989 163,989
Between one and five years 655,958 655,958
In more than five years - 163,989
819,948 983,936

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 926,830 1,400,643

Bank loans are secured against the property.