Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302falsetrue2023-05-01No description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14048662 2023-05-01 2024-04-30 14048662 2022-04-14 2023-04-30 14048662 2024-04-30 14048662 2023-04-30 14048662 c:Director1 2023-05-01 2024-04-30 14048662 d:FreeholdInvestmentProperty 2023-05-01 2024-04-30 14048662 d:FreeholdInvestmentProperty 2024-04-30 14048662 d:FreeholdInvestmentProperty 2023-04-30 14048662 d:CurrentFinancialInstruments 2024-04-30 14048662 d:CurrentFinancialInstruments 2023-04-30 14048662 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 14048662 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 14048662 d:ShareCapital 2024-04-30 14048662 d:ShareCapital 2023-04-30 14048662 d:RetainedEarningsAccumulatedLosses 2024-04-30 14048662 d:RetainedEarningsAccumulatedLosses 2023-04-30 14048662 c:OrdinaryShareClass1 2023-05-01 2024-04-30 14048662 c:OrdinaryShareClass1 2024-04-30 14048662 c:OrdinaryShareClass1 2023-04-30 14048662 c:FRS102 2023-05-01 2024-04-30 14048662 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 14048662 c:FullAccounts 2023-05-01 2024-04-30 14048662 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 14048662 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14048662









SH2 REAL ESTATE (NO.1) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
SH2 REAL ESTATE (NO.1) LIMITED
REGISTERED NUMBER: 14048662

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
189,564
148,590

  
189,564
148,590

Current assets
  

Debtors: amounts falling due within one year
 5 
819
195

Cash at bank and in hand
  
6,921
21,695

  
7,740
21,890

Creditors: amounts falling due within one year
 6 
(260,032)
(220,988)

Net current liabilities
  
 
 
(252,292)
 
 
(199,098)

Total assets less current liabilities
  
(62,728)
(50,508)

  

Net liabilities
  
(62,728)
(50,508)


Capital and reserves
  

Called up share capital 
 7 
200
200

Profit and loss account
  
(62,928)
(50,708)

  
(62,728)
(50,508)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 January 2025.



Page 1

 
SH2 REAL ESTATE (NO.1) LIMITED
REGISTERED NUMBER: 14048662
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024


Sajjad-Hussein Hassam
Director

The notes on pages 3 to 5 form part of these financial statements.
Page 2

 
SH2 REAL ESTATE (NO.1) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 14048662. The Company's registered office is 33 Greville Drive, Birmingham, B15 2UU. 
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.
The accounts cover the period from incorporation through to the balance sheet date.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have have prepared the accounts on a going concern basis 

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
SH2 REAL ESTATE (NO.1) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
148,590


Additions at cost
40,974



At 30 April 2024
189,564

The 2024 valuations were made by the Directors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
189,564
148,590

Accumulated depreciation and impairments
(6,763)
(2,972)

182,801
145,618


5.


Debtors

2024
2023
£
£


Prepayments and accrued income
819
195

819
195

Page 4

 
SH2 REAL ESTATE (NO.1) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.Debtors (continued)



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
445
-

Other creditors
259,187
220,688

Accruals and deferred income
400
300

260,032
220,988



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



200 (2023 - 200) 100 shares of £1.00 each
200
200



8.


Related party transactions

As at the balance sheet date, £259,187 (2023: £220,687) was due to the directors of the company. This balance is interest free and repayable on demand.

 
Page 5