IRIS Accounts Production v24.2.0.383 02538783 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure025387832023-03-31025387832024-03-31025387832023-04-012024-03-31025387832022-03-31025387832022-04-012023-03-31025387832023-03-3102538783ns16:EnglandWales2023-04-012024-03-3102538783ns15:PoundSterling2023-04-012024-03-3102538783ns11:Director12023-04-012024-03-3102538783ns11:PrivateLimitedCompanyLtd2023-04-012024-03-3102538783ns11:SmallEntities2023-04-012024-03-3102538783ns11:AuditExempt-NoAccountantsReport2023-04-012024-03-3102538783ns11:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3102538783ns11:SmallCompaniesRegimeForAccounts2023-04-012024-03-3102538783ns11:FullAccounts2023-04-012024-03-3102538783ns11:Director22023-04-012024-03-3102538783ns11:Director32023-04-012024-03-3102538783ns11:CompanySecretary12023-04-012024-03-3102538783ns11:RegisteredOffice2023-04-012024-03-3102538783ns6:CurrentFinancialInstruments2024-03-3102538783ns6:CurrentFinancialInstruments2023-03-3102538783ns6:ShareCapital2024-03-3102538783ns6:ShareCapital2023-03-3102538783ns6:RevaluationReserve2024-03-3102538783ns6:RevaluationReserve2023-03-3102538783ns6:PlantMachinery2023-04-012024-03-3102538783ns6:FurnitureFittings2023-04-012024-03-3102538783ns6:MotorVehicles2023-04-012024-03-3102538783ns6:ComputerEquipment2023-04-012024-03-3102538783ns6:PlantMachinery2023-03-3102538783ns6:FurnitureFittings2023-03-3102538783ns6:MotorVehicles2023-03-3102538783ns6:ComputerEquipment2023-03-3102538783ns6:PlantMachinery2024-03-3102538783ns6:FurnitureFittings2024-03-3102538783ns6:MotorVehicles2024-03-3102538783ns6:ComputerEquipment2024-03-3102538783ns6:PlantMachinery2023-03-3102538783ns6:FurnitureFittings2023-03-3102538783ns6:MotorVehicles2023-03-3102538783ns6:ComputerEquipment2023-03-3102538783ns6:WithinOneYearns6:CurrentFinancialInstruments2024-03-3102538783ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3102538783ns6:DeferredTaxation2023-03-3102538783ns6:DeferredTaxation2023-04-012024-03-3102538783ns6:DeferredTaxation2024-03-3102538783ns6:RevaluationReserve2023-03-31
REGISTERED NUMBER: 02538783 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

C.H. SHORE (ESTATES) LIMITED

C.H. SHORE (ESTATES) LIMITED (REGISTERED NUMBER: 02538783)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


C.H. SHORE (ESTATES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs J Barber
S Shore
Miss N J M Shore





SECRETARY: Mrs J Barber





REGISTERED OFFICE: 34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG





REGISTERED NUMBER: 02538783 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

C.H. SHORE (ESTATES) LIMITED (REGISTERED NUMBER: 02538783)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 148,719 193,643
Investment property 5 39,110,000 29,270,000
39,258,719 29,463,643

CURRENT ASSETS
Debtors 6 262,358 14,576
Prepayments and accrued income 39,285 38,678
Cash at bank 265,286 1,192,755
566,929 1,246,009
CREDITORS
Amounts falling due within one year 7 9,887,030 327,163
NET CURRENT (LIABILITIES)/ASSETS (9,320,101 ) 918,846
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,938,618

30,382,489

PROVISIONS FOR LIABILITIES 8 2,163,299 1,290,581
NET ASSETS 27,775,319 29,091,908

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserves 9 12,063,630 12,063,630
Retained earnings 15,711,589 17,028,178
SHAREHOLDERS' FUNDS 27,775,319 29,091,908

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

C.H. SHORE (ESTATES) LIMITED (REGISTERED NUMBER: 02538783)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by:





Mrs J Barber - Director


C.H. SHORE (ESTATES) LIMITED (REGISTERED NUMBER: 02538783)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

C.H. Shore (Estates) 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 (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 5% - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33.3% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit or loss net of provision for deferred tax which could arise on disposal.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

C.H. SHORE (ESTATES) LIMITED (REGISTERED NUMBER: 02538783)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2023 667,554 3,526 5,950 8,286 685,316
Disposals - - (5,950 ) - (5,950 )
At 31 March 2024 667,554 3,526 - 8,286 679,366
DEPRECIATION
At 1 April 2023 476,364 3,526 3,719 8,064 491,673
Charge for year 42,471 - - 222 42,693
Eliminated on disposal - - (3,719 ) - (3,719 )
At 31 March 2024 518,835 3,526 - 8,286 530,647
NET BOOK VALUE
At 31 March 2024 148,719 - - - 148,719
At 31 March 2023 191,190 - 2,231 222 193,643

Cost or valuation at 31 March 2024 is represented by:

Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost 667,554 3,526 8,286 679,366

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 29,270,000
Additions 9,840,000
At 31 March 2024 39,110,000
NET BOOK VALUE
At 31 March 2024 39,110,000
At 31 March 2023 29,270,000

C.H. SHORE (ESTATES) LIMITED (REGISTERED NUMBER: 02538783)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2012 5,936,345
Valuation in 2017 916,521
Valuation in 2020 1,035,000
Valuation in 2023 5,428,764
Cost 25,793,370
39,110,000

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

2024 2023
£    £   
Cost 15,908,843 15,908,843

Investment property was valued on an open market basis on 21 July 2022 by Bulleys Chartered Surveyors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 590 14,576
Amounts owed by group undertakings 261,768 -
262,358 14,576

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,733 6,199
Amounts owed to group undertakings 9,800,090 23,880
Tax (157,713 ) 107,634
VAT 121,304 67,546
Accruals and deferred income 121,616 121,904
9,887,030 327,163

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,163,299 1,290,581

Deferred
tax
£   
Balance at 1 April 2023 1,290,581
Charge to Statement of Income and Retained Earnings during year 872,718
Balance at 31 March 2024 2,163,299

C.H. SHORE (ESTATES) LIMITED (REGISTERED NUMBER: 02538783)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. RESERVES
Non-distributable
reserves
£   
At 1 April 2023
and 31 March 2024 12,063,630

10. PARENT COMPANY

C H Shore (Holdings) Limited is the parent company and is registered in England and Wales.

11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

12. ULTIMATE HOLDING COMPANY

The company's ultimate holding company is All Shore Holdings Limited, a company registered in England and Wales whose registered office is located at 34 Waterloo Road, Wolverhampton WV1 4DG.