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REGISTERED NUMBER: 04201309 (England and Wales)















SHIBDEN ESTATE COMPANY LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 APRIL 2024






SHIBDEN ESTATE COMPANY LIMITED (REGISTERED NUMBER: 04201309)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SHIBDEN ESTATE COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: M Powar
R L Savry
L J Savry





REGISTERED OFFICE: Swalesmoor Farm
Swales Moor Road
Halifax
HX3 6UF





REGISTERED NUMBER: 04201309 (England and Wales)





AUDITORS: Xeinadin Audit Limited
Sidings House
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU

SHIBDEN ESTATE COMPANY LIMITED (REGISTERED NUMBER: 04201309)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 456,520 456,520

CURRENT ASSETS
Cash at bank 12 12

CREDITORS
Amounts falling due within one year 5 60,515 60,515
NET CURRENT LIABILITIES (60,503 ) (60,503 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

396,017

396,017

PROVISIONS FOR LIABILITIES 90,160 90,160
NET ASSETS 305,857 305,857

CAPITAL AND RESERVES
Called up share capital 12 12
Retained earnings 6 305,845 305,845
305,857 305,857

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:





M Powar - Director


SHIBDEN ESTATE COMPANY LIMITED (REGISTERED NUMBER: 04201309)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Shibden Estate Company Limited (registered number 04201309) is a private company limited by share capital incorporated in England and Wales.

The address of its registered office and principal place of business is:
Swalesmoor Farm
Swalesmoor Road,
Halifax
West Yorkshire,
HX3 6UF

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

The following principal accounting policies have been applied:

Investment property

Investment property is carried at fair value determined annually by the directors given their knowledge of the industry and market prices. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

SHIBDEN ESTATE COMPANY LIMITED (REGISTERED NUMBER: 04201309)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

Creditors

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

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Statement of Comprehensive Income in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

Going concern

The directors have received assurances from other group company members of ongoing financial support for a period of at least 12 months from the date of approval of these financial statements and therefore have reasonable expectations that the company has adequate resources to continue in operation for the foreseeable future. Thus the going concern basis of accounting and preparing annual financial statements has been adopted.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 456,520
NET BOOK VALUE
At 30 April 2024 456,520
At 30 April 2023 456,520

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

If the investment properties had been accounted for under historic cost accounting rules, the properties would have been measured at £60,000 (2023: £60,000).

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 60,515 60,515

SHIBDEN ESTATE COMPANY LIMITED (REGISTERED NUMBER: 04201309)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. RESERVES

Profit & loss account

Profit and loss account reserve represents accumulated distributable profits and losses. Included within this balance is an undistributable reserve of £306,360 (2023: £306,360) relating to the revaluation of the investment properties held within the company.

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kelvin Fitton BA FCA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited

8. ULTIMATE CONTROLLING PARTY

The company's immediate parent company is Leo Sawrij Limited, The ultimate parent company is Leo Group Family Holdings Limited, a company registered in Jersey. The ultimate controlling party is Mr D S Sawrij.