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COMPANY REGISTRATION NUMBER: 07877270
SHL 1 LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
29 February 2024
SHL 1 LIMITED
FINANCIAL STATEMENTS
Year ended 29 February 2024
CONTENTS
PAGE
Balance sheet
1
Notes to the financial statements
2
SHL 1 LIMITED
BALANCE SHEET
29 February 2024
2024
2023
Note
£
£
FIXED ASSETS
Investments
4
1
1
CURRENT ASSETS
Cash at bank and in hand
1
1
CREDITORS: amounts falling due within one year
5
( 4,893)
( 4,893)
-------
-------
NET CURRENT LIABILITIES
( 4,892)
( 4,892)
-------
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 4,891)
( 4,891)
-------
-------
CAPITAL AND RESERVES
Called up share capital
1
1
Capital redemption reserve
1
1
Profit and loss account
( 4,893)
( 4,893)
-------
-------
SHAREHOLDERS FUNDS
( 4,891)
( 4,891)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 November 2024 , and are signed on behalf of the board by:
Mr L J Shillibier
Director
Company registration number: 07877270
SHL 1 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
Year ended 29 February 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Hendir Uchaf Farm, Rhiwceiliog Pencoed, Bridgend, CF35 6NS. The address of the principal place of business is 43 Village Farm Industrial Estate, Pyle, Mid Glamorgan, CF33 6NU.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on the going concern basis. The accounts show that the company had net liabilities of £4,891 at the balance sheet date. The company has therefore had to consider the appropriateness of the going concern basis. The company has been able to finance its operations because of the support of a group company. The director is confident that the company will be able to meet its obligations given this continued support. On the basis of the above, the director considers its appropriate to prepare the accounts on a going concern basis.
Consolidation
The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. INVESTMENTS
Shares in group undertakings
£
Cost
At 1 March 2023 and 29 February 2024
1
----
Impairment
At 1 March 2023 and 29 February 2024
----
Carrying amount
At 29 February 2024
1
----
At 28 February 2023
1
----
5. CREDITORS: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
4,893
4,893
-------
-------
6. RELATED PARTY TRANSACTIONS
The company has taken the advantage of the exemption, under FRS 102 Section 1A, not to disclose related party transactions entered into between two members of a group, where any subsidiary which is party to the transaction is wholly owned by such a member.