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REGISTERED NUMBER: 01989881 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SHORADE PROPERTIES LIMITED

SHORADE PROPERTIES LIMITED (REGISTERED NUMBER: 01989881)






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


SHORADE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







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





SECRETARY: S Shore





REGISTERED OFFICE: Shorade House
Walsall Road
Cannock
Staffordshire
WS11 0HP





REGISTERED NUMBER: 01989881 (England and Wales)





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

SHORADE PROPERTIES LIMITED (REGISTERED NUMBER: 01989881)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 - 9,840,000

CURRENT ASSETS
Debtors 5 9,800,090 55,646
Cash at bank - 1,981,719
9,800,090 2,037,365
CREDITORS
Amounts falling due within one year 6 9,799,990 170,161
NET CURRENT ASSETS 100 1,867,204
TOTAL ASSETS LESS CURRENT
LIABILITIES

100

11,707,204

PROVISIONS FOR LIABILITIES - 881,400
NET ASSETS 100 10,825,804

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserves 7 - 5,012,061
Retained earnings 7 - 5,813,643
SHAREHOLDERS' FUNDS 100 10,825,804

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.

SHORADE PROPERTIES LIMITED (REGISTERED NUMBER: 01989881)

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 July 2024 and were signed on its behalf by:





S Shore - Director


SHORADE PROPERTIES LIMITED (REGISTERED NUMBER: 01989881)

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

1. STATUTORY INFORMATION

Shorade Properties 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.

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.

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 NIL (2023 - 3 ).

SHORADE PROPERTIES LIMITED (REGISTERED NUMBER: 01989881)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 9,840,000
Disposals (9,840,000 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 9,840,000

.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 9,800,090 55,646

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 39,724
Amounts owed to group undertakings 9,712,969 -
Taxation and social security 87,021 129,437
Other creditors - 1,000
9,799,990 170,161

7. RESERVES
Retained Non-distributable
earnings reserves Totals
£    £    £   

At 1 April 2023 5,813,644 5,012,061 10,825,705
Profit for the year 261,062 261,062
Dividends (11,968,167 ) (11,968,167 )
Property revaluation 5,893,461 (5,012,061 ) 881,400
At 31 March 2024 - - -

8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.