SHINER PROPERTIES LIMITED

Company Registration Number:
07869003 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

SHINER PROPERTIES LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Notes

SHINER PROPERTIES LIMITED

Balance sheet

As at 30 April 2024


Notes

2024

2023


£

£
Called up share capital not paid: 99 99
Fixed assets
Tangible assets: 3 6,620,001 6,620,001
Total fixed assets: 6,620,001 6,620,001
Current assets
Debtors:   826,145 558,010
Cash at bank and in hand: 86,737 226,551
Total current assets: 912,882 784,561
Creditors: amounts falling due within one year:   (430,950) (403,686)
Net current assets (liabilities): 481,932 380,875
Total assets less current liabilities: 7,102,032 7,000,975
Creditors: amounts falling due after more than one year:   (638,784) (752,241)
Provision for liabilities: (89,999) (87,852)
Total net assets (liabilities): 6,373,249 6,160,882
Capital and reserves
Called up share capital: 99 99
Revaluation reserve:43,225,3323,225,332
Profit and loss account: 3,147,818 2,935,451
Shareholders funds: 6,373,249 6,160,882

The notes form part of these financial statements

SHINER PROPERTIES LIMITED

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 04 December 2024
and signed on behalf of the board by:

Name: V S J Allen
Status: Director

The notes form part of these financial statements

SHINER PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents rents receivable, net of Value Added Tax, in respect of land and property let to tenants

Tangible fixed assets and depreciation policy

No depreciation is provided in respect of investment properties applying the fair value model. In respect of fixtures, fittings and equipment depreciation is provided at the rate of 50% of cost on a straight line basis

Valuation and information policy

Investment properties, whose value can be measured reliably without undue cost or effort, are held at fair value. Any gains or losses arising from changes in the fair value are recognised in the profit or loss in the period they arise. The company's investment property was valued at the balance sheet date by the directors on an open market value basis.

Other accounting policies

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except that: Provision is only made for tax on gains arising from the revaluation of fixed assets to the extent there is a binding agreement to dispose of the assets concerned at the balance sheet date and where there is more likely than not the taxable gain will not be rolled over into replacement assets; and Deferred tax assets are recognised only to the extent that directors consider it more likely than not there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured at the rates that are expected to apply in periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date

SHINER PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

2. Employees

2024 2023
Average number of employees during the period 1 1

SHINER PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible Assets

Total
Cost £
At 01 May 2023 6,620,749
At 30 April 2024 6,620,749
Depreciation
At 01 May 2023 748
At 30 April 2024 748
Net book value
At 30 April 2024 6,620,001
At 30 April 2023 6,620,001

SHINER PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Revaluation reserve

2024
£
Balance at 01 May 2023 3,225,332
Surplus or deficit after revaluation 0
Balance at 30 April 2024 3,225,332

SHINER PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Related party transactions

Name of the related party: Shiner Limited
Relationship:
A company owned and controlled by the directors of Shiner Properties Ltd
Description of the Transaction: A loan on which interest is charged on the balance at 3% above the Barclays Bank base rate
£
Balance at 01 May 2023 348,913
Balance at 30 April 2024 660,051
Name of the related party: Shiner Limited
Relationship:
A company owned and controlled by the directors of Shiner Properties Ltd
Description of the Transaction: During the year, Shiner Properties Limited leased a property to Shiner Limited and recognised income for rent, service charges and insurance totalling £496,418 (2023 £546,301)
£
Balance at 01 May 2023 0
Balance at 30 April 2024 0