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REGISTERED NUMBER: 04434420 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Shelley Consultancy Limited

Shelley Consultancy Limited (Registered number: 04434420)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Shelley Consultancy Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: C J Hill





REGISTERED OFFICE: 27 Aqueduct Road
Shirley
Solihull
B90 1BT





REGISTERED NUMBER: 04434420 (England and Wales)





ACCOUNTANTS: James, Stanley & Co. Limited
1,733 Coventry Road
South Yardley
Birmingham
West Midlands
B26 1DT

Shelley Consultancy Limited (Registered number: 04434420)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 5 2,209 2,610
Investments 6 25,740 23,661
Investment property 7 123,075 60,000
151,024 86,271

CURRENT ASSETS
Debtors 8 9,297 6,471
Cash at bank and in hand 10,432 4,301
19,729 10,772
CREDITORS
Amounts falling due within one year 9 90,034 32,284
NET CURRENT LIABILITIES (70,305 ) (21,512 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,719

64,759

PROVISIONS FOR LIABILITIES 420 653
NET ASSETS 80,299 64,106

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 80,298 64,105
SHAREHOLDERS' FUNDS 80,299 64,106

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Shelley Consultancy Limited (Registered number: 04434420)

Balance Sheet - continued
31 May 2024


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 director and authorised for issue on 26 February 2025 and were signed by:





C J Hill - Director


Shelley Consultancy Limited (Registered number: 04434420)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Shelley Consultancy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. There have been no material departures from this standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

At 31 May 2024, the company had net current liabilities of £70,305, however the director is confident that the company will be able to operate within its agreed banking facilities in the forthcoming year.

The director considers that in preparing the financial statements he has taken into account all information that could reasonably be expected to be available. On this basis, the director considers that it is appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result should the company be unable to continue trading.

Turnover
Turnover represents net invoiced fees for services provided and rents receivable, excluding value added tax.

Rental income under operating leases is credited to profit and loss account in equal annual amounts over the periods of the leases.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
Computer equipment - 25% on cost

Investment property
Investment properties are revalued annually and the aggregated surplus or deficit is transferred to revaluation reserve. No depreciation is provided in respect of investment properties; this constitutes a departure from the statutory rules requiring fixed assets to be depreciated over their economic useful lives and is necessary to enable the financial statements to give a true and fair view. Depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified. Deferred tax is provided on gains at the rate expected to apply when the property is sold.

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.


Shelley Consultancy Limited (Registered number: 04434420)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. ACCOUNTING POLICIES - continued
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.

Leases
Rental income under operating leases are credited to profit and loss account in equal annual amounts over the periods of the leases.

Investments
Investments held as fixed assets are stated at fair value. Deferred tax is provided on any gains at the rate expected to apply when the assets are sold.

Loans from directors
As a small entity the company measures a basic financial liability that are loans from directors at transaction price.

4. EMPLOYEES AND DIRECTORS

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

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023 471 3,531 4,002
Additions - 374 374
At 31 May 2024 471 3,905 4,376
DEPRECIATION
At 1 June 2023 68 1,324 1,392
Charge for year 48 727 775
At 31 May 2024 116 2,051 2,167
NET BOOK VALUE
At 31 May 2024 355 1,854 2,209
At 31 May 2023 403 2,207 2,610

Shelley Consultancy Limited (Registered number: 04434420)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. FIXED ASSET INVESTMENTS
Listed Unlisted
investments investments Totals
£    £    £   
COST OR VALUATION
At 1 June 2023 3,661 20,000 23,661
Revaluations 2,079 - 2,079
At 31 May 2024 5,740 20,000 25,740
NET BOOK VALUE
At 31 May 2024 5,740 20,000 25,740
At 31 May 2023 3,661 20,000 23,661

Cost or valuation at 31 May 2024 is represented by:

Listed Unlisted
investments investments Totals
£    £    £   
Valuation in 2017 1,106 - 1,106
Valuation in 2018 (1,275 ) - (1,275 )
Valuation in 2019 (751 ) - (751 )
Valuation in 2020 (2,284 ) (4,885 ) (7,169 )
Valuation in 2021 1,530 2,000 3,530
Valuation in 2022 (717 ) 1,000 283
Valuation in 2023 216 1,885 2,101
Valuation in 2024 2,079 - 2,079
Cost 5,836 20,000 25,836
5,740 20,000 25,740

If fixed asset investments had not been revalued they would have been included at the following historical cost:

31.5.24 31.5.23
£    £   
Cost 25,836 25,836
Aggregate provisions (96 ) (2,175 )

Fixed asset investments were valued on a fair value basis on 31 May 2024 by the director .

In arriving at the fair value of listed investments, the director has taken the stock market valuation at the balance sheet date and for unlisted investments the balance sheet value has been assessed by reference to the value of the underlying assets to which the investments relate.

If the fixed asset investments were sold at their book value of £25,740, this would not give rise to a corporation tax liability.

Shelley Consultancy Limited (Registered number: 04434420)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 60,000
Additions 58,075
Revaluation gains 5,000
At 31 May 2024 123,075
NET BOOK VALUE
At 31 May 2024 123,075
At 31 May 2023 60,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2019 (9,000 )
Valuation in 2024 5,000
Cost 127,075
123,075

If the investment had not been revalued it would have been included at the following historical cost:

31.5.24 31.5.23
£    £   
Cost 127,075 69,000

The investment property was valued on a fair value basis basis on 31 May 2024 by the director .

The director has consider the market value of properties in the locality similar to the investment property in arriving at its fair value.

The investment property which is stated at £123,075 is valued at fair value by the director as at 31 May 2024. If the investment property was sold for its book value of £123,075, this would not give rise to a corporation tax liability.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 6,530 6,140
Prepayments and accrued income 2,767 331
9,297 6,471

Shelley Consultancy Limited (Registered number: 04434420)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 2,437 1,837
Tax 2,561 719
Social security and other taxes 6,654 6,994
Other creditors 359 -
Directors' current accounts 73,253 17,964
Accruals and deferred income 4,770 4,770
90,034 32,284

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
1 Ordinary £1 1 1

11. CAPITAL COMMITMENTS
31.5.24 31.5.23
£    £   
Contracted but not provided for in the
financial statements - -

12. RELATED PARTY DISCLOSURES

Loan from key management personnel is unsecured and bears interest at 4% with no specific repayment terms and is presented within creditors due within one year.