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UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

SHELLEY PARK LIMITED

SHELLEY PARK LIMITED (REGISTERED NUMBER: 03599431)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SHELLEY PARK 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: 03599431 (England and Wales)






SHELLEY PARK LIMITED (REGISTERED NUMBER: 03599431)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 139,161 163,581

CURRENT ASSETS
Stocks 4,105 4,368
Debtors 5 803,913 748,705
Cash at bank and in hand 2,860 3,172
810,878 756,245
CREDITORS
Amounts falling due within one year 6 604,915 581,303
NET CURRENT ASSETS 205,963 174,942
TOTAL ASSETS LESS CURRENT
LIABILITIES

345,124

338,523

PROVISIONS FOR LIABILITIES 31,680 37,428
NET ASSETS 313,444 301,095

CAPITAL AND RESERVES
Called up share capital 8 11,111 11,111
Retained earnings 302,333 289,984
SHAREHOLDERS' FUNDS 313,444 301,095

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.

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 LIMITED (REGISTERED NUMBER: 03599431)

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

1. STATUTORY INFORMATION

Shelley Park 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.

The directors have considered the impact of the current Coronavirus epidemic and conclude there is no future impact on the company being able to continue as a going concern.

Turnover
Turnover represents the amount derived from services falling within the company's activities.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 89 (2023 - 90 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 September 2023 591,674 20,755 612,429
Additions 461 - 461
At 31 August 2024 592,135 20,755 612,890
DEPRECIATION
At 1 September 2023 432,382 16,466 448,848
Charge for year 23,809 1,072 24,881
At 31 August 2024 456,191 17,538 473,729
NET BOOK VALUE
At 31 August 2024 135,944 3,217 139,161
At 31 August 2023 159,292 4,289 163,581

SHELLEY PARK LIMITED (REGISTERED NUMBER: 03599431)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 197,915 276,440
Amounts owed by group undertakings 577,201 444,947
Other debtors 28,797 27,318
803,913 748,705

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 186,256 184,111
Trade creditors 209,370 225,627
Taxation and social security 130,694 96,061
Other creditors 78,595 75,504
604,915 581,303

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 186,256 184,111

Security is held by way of fixed and floating charges over the company including all property and assets present and future.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary A £1 10,000 10,000
1,111 Ordinary B £1 1,111 1,111
11,111 11,111

9. OTHER FINANCIAL COMMITMENTS

The company has given unlimited guarantees to the group's bankers in respect of the borrowings by the parent company Shelley Park Holdings Limited. The parent company's bank borrowings as at 31 August 2024 amounted to £1,428,066 (2023: £1,516,915).