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UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

SHELLEY PARK HOLDINGS LIMITED

SHELLEY PARK HOLDINGS LIMITED (REGISTERED NUMBER: 03599285)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHELLEY PARK HOLDINGS LIMITED

COMPANY INFORMATION
For The Year Ended 31 August 2024







DIRECTORS: S E B Poultney
D G Poultney





SECRETARY: D G Poultney





REGISTERED OFFICE: Unit 1, St Stephens Court
15 - 17 St Stephens Road
Bournemouth
Dorset
BH2 6LA





REGISTERED NUMBER: 03599285 (England and Wales)






SHELLEY PARK HOLDINGS LIMITED (REGISTERED NUMBER: 03599285)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,058,453 3,059,520
Investments 6 10,000 10,000
3,068,453 3,069,520

CURRENT ASSETS
Debtors 7 20,196 21,823
Cash at bank 474 10,798
20,670 32,621
CREDITORS
Amounts falling due within one year 8 683,931 551,892
NET CURRENT LIABILITIES (663,261 ) (519,271 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,405,192

2,550,249

CREDITORS
Amounts falling due after more than one year 9 (1,338,066 ) (1,429,915 )

PROVISIONS FOR LIABILITIES (35,249 ) (35,516 )
NET ASSETS 1,031,877 1,084,818

CAPITAL AND RESERVES
Called up share capital 11 10,000 10,000
Retained earnings 1,021,877 1,074,818
SHAREHOLDERS' FUNDS 1,031,877 1,084,818

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

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

The directors acknowledge their 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 PARK HOLDINGS LIMITED (REGISTERED NUMBER: 03599285)

BALANCE SHEET - continued
31 August 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 Board of Directors and authorised for issue on 5 February 2025 and were signed on its behalf by:




D G Poultney - Director



S E B Poultney - Director


SHELLEY PARK HOLDINGS LIMITED (REGISTERED NUMBER: 03599285)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 August 2024

1. STATUTORY INFORMATION

Shelley Park Holdings 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Shelley Park Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents the amount derived from management charges and rent receivable from subsidiary.

Goodwill
Goodwill represents the difference between the fair value of the consideration paid on acquisition of a business and a fair value of its separable net assets at the date of acquisition. Goodwill is amortised over its estimated useful life of 20 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Freehold land and buildings are not depreciated. The nature of the trade and the company's policy of a high level of maintenance, refurbishment and upgrading ensuring that the premises are maintained to a very high standard to protect the company's trade. The directors are of the opinion that the lives of these assets are sufficiently maintained to prevent the need for depreciation. This policy is contrary to FRS 102 but the amounts are not material.

The carrying values of all freehold land and buildings are reviewed annually for impairment. Any impairment in value will be charged to the profit and loss account.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Deferred taxation
Deferred taxation is provided on the liability method in respect of the taxation effect of all timing differences to the extent that tax liabilities are likely to crystallise in the foreseeable future.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

SHELLEY PARK HOLDINGS LIMITED (REGISTERED NUMBER: 03599285)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 August 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 34,500
AMORTISATION
At 1 September 2023
and 31 August 2024 34,500
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2023
and 31 August 2024 3,052,408 144,038 4,000 3,200,446
DEPRECIATION
At 1 September 2023 - 136,926 4,000 140,926
Charge for year - 1,067 - 1,067
At 31 August 2024 - 137,993 4,000 141,993
NET BOOK VALUE
At 31 August 2024 3,052,408 6,045 - 3,058,453
At 31 August 2023 3,052,408 7,112 - 3,059,520

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2023
and 31 August 2024 10,000
NET BOOK VALUE
At 31 August 2024 10,000
At 31 August 2023 10,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 20,196 21,823

SHELLEY PARK HOLDINGS LIMITED (REGISTERED NUMBER: 03599285)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 August 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 90,000 87,000
Amounts owed to group undertakings 577,201 444,947
Taxation and social security 13,670 17,751
Other creditors 3,060 2,194
683,931 551,892

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 1,338,066 1,429,915

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - more than 5 years 934,066 1,029,915

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,428,066 1,516,915
Other creditors - 93
1,428,066 1,517,008

Security is held by way of fixed and floating charges over the company including all property and assets present and future.
Further, the directors have provided a limited personal guarantee in respect of the bank borrowing.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary £1 10,000 10,000

12. CONTINGENT LIABILITIES

The company has given unlimited guarantees to the group's bankers in respect of the borrowings by the subsidiary company Shelley Park Limited. At 31 August 2024 the subsidiary's total borrowings with the group's bankers amounted to £186,256 (2023: £184,111).