Company Registration No. 11412893 (England and Wales)
SHAWFIELD PARK LIMITED
Unaudited accounts
for the year ended 30 November 2023
SHAWFIELD PARK LIMITED
Unaudited accounts
Contents
SHAWFIELD PARK LIMITED
Company Information
for the year ended 30 November 2023
Director
Christopher Russell Jones
Company Number
11412893 (England and Wales)
Registered Office
Westbourne House
Main Street
Haltwhistle
NE49 0AZ
United Kingdom
Accountants
Christian Dodd
Westbourne House
Main Street
Haltwhistle
Northumberland
NE49 0AZ
SHAWFIELD PARK LIMITED
Statement of financial position
as at 30 November 2023
Tangible assets
1,587,848
1,517,683
Cash at bank and in hand
2,076
555
Creditors: amounts falling due within one year
(1,509,663)
(1,280,603)
Net current liabilities
(1,243,102)
(1,147,190)
Total assets less current liabilities
344,846
370,593
Creditors: amounts falling due after more than one year
(340,382)
(370,510)
Called up share capital
200
200
Profit and loss account
4,264
(117)
Shareholders' funds
4,464
83
For the year ending 30 November 2023 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 director acknowledges his 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 and authorised for issue on 10 November 2024 and were signed on its behalf by
Christopher Russell Jones
Director
Company Registration No. 11412893
SHAWFIELD PARK LIMITED
Notes to the Accounts
for the year ended 30 November 2023
SHAWFIELD PARK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11412893. The registered office is Westbourne House, Main Street, Haltwhistle, NE49 0AZ, United Kingdom.
2
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
1% per annum on cost
At the balance sheet date, the company had net current liabilities of £344,846 (2022: £1,147,190). The director has considered the 12 month period following approval of these financial statements and, with the continued financial support of the subsidiary, is satisfied that the company is a going concern.
4
Tangible fixed assets
Land & buildings
At 1 December 2022
1,529,994
At 30 November 2023
1,610,863
Charge for the year
10,704
At 30 November 2023
23,015
At 30 November 2023
1,587,848
At 30 November 2022
1,517,683
SHAWFIELD PARK LIMITED
Notes to the Accounts
for the year ended 30 November 2023
5
Investments
Subsidiary undertakings
Valuation at 1 December 2022
100
Valuation at 30 November 2023
100
Investments in subsidiary undertakings are recognised at cost.
Amounts falling due within one year
Other debtors
257,311
132,858
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
377,840
349,452
Amounts owed to group undertakings and other participating interests
1,122,174
923,874
Taxes and social security
5,454
2,802
Loans from directors
500
-
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
340,382
370,510
Reporting entity bank borrowings are secured by the company's land and buildings and a debenture dated 13 December 2019 over all property and assets of the company present and future.
9
Transactions with related parties
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.
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).