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Company Registration No. 12386291 (England and Wales)
JAMES SHANNON PROPERTY LTD Unaudited accounts for the year ended 31 January 2024
JAMES SHANNON PROPERTY LTD Unaudited accounts Contents
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JAMES SHANNON PROPERTY LTD Company Information for the year ended 31 January 2024
Director
Tyrell James Shannon
Company Number
12386291 (England and Wales)
Registered Office
31 PLANTAGENET STREET NOTTINGHAM NG3 1HL ENGLAND
Accountants
M Aslam Accountants 259 Mansfield Road Nottingham NG1 3FT
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JAMES SHANNON PROPERTY LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
200 
275 
Current assets
Cash at bank and in hand
4,533 
12,685 
Creditors: amounts falling due within one year
(3,786)
(12,401)
Net current assets
747 
284 
Net assets
947 
559 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
946 
558 
Shareholders' funds
947 
559 
For the year ending 31 January 2024 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 27 November 2024 and were signed on its behalf by
Tyrell James Shannon Director Company Registration No. 12386291
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JAMES SHANNON PROPERTY LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
JAMES SHANNON PROPERTY LTD is a private company, limited by shares, registered in England and Wales, registration number 12386291. The registered office is 31 PLANTAGENET STREET, NOTTINGHAM, NG3 1HL, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 February 2023
500 
At 31 January 2024
500 
Depreciation
At 1 February 2023
225 
Charge for the year
75 
At 31 January 2024
300 
Net book value
At 31 January 2024
200 
At 31 January 2023
275 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
91 
14 
Other creditors
540 
480 
Loans from directors
3,155 
11,907 
3,786 
12,401 
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JAMES SHANNON PROPERTY LTD Notes to the Accounts for the year ended 31 January 2024
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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