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REGISTERED NUMBER: 12732543 (England and Wales)















SHORNCLIFFE PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






SHORNCLIFFE PROPERTIES LIMITED (REGISTERED NUMBER: 12732543)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHORNCLIFFE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr C G Lawrence
Ms M Batraniec





REGISTERED OFFICE: Unit 6
Triumph Park
Ross Way
Folkestone
Kent
CT20 3TX





REGISTERED NUMBER: 12732543 (England and Wales)





ACCOUNTANTS: Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS

SHORNCLIFFE PROPERTIES LIMITED (REGISTERED NUMBER: 12732543)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 144,214 144,214

CURRENT ASSETS
Cash at bank 652 199

CREDITORS
Amounts falling due within one year 5 (80,039 ) (76,803 )
NET CURRENT LIABILITIES (79,387 ) (76,604 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,827

67,610

CREDITORS
Amounts falling due after more than one
year

6

(78,161

)

(83,193

)
NET LIABILITIES (13,334 ) (15,583 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (13,434 ) (15,683 )
SHAREHOLDERS' FUNDS (13,334 ) (15,583 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

SHORNCLIFFE PROPERTIES LIMITED (REGISTERED NUMBER: 12732543)

BALANCE SHEET - continued
31 JULY 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 18 March 2025 and were signed on its behalf by:





Ms M Batraniec - Director


SHORNCLIFFE PROPERTIES LIMITED (REGISTERED NUMBER: 12732543)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Shorncliffe Properties 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 144,214
NET BOOK VALUE
At 31 July 2024 144,214
At 31 July 2023 144,214

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 1,973 683
Directors' current accounts 77,408 75,320
Accruals and deferred income 658 800
80,039 76,803

SHORNCLIFFE PROPERTIES LIMITED (REGISTERED NUMBER: 12732543)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Sundry creditors 78,161 83,193

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loan 78,161 83,193

The bank loan is secured by way of a fixed charge against the property, being Unit 6 Triumph Park, Ross Way, Shorncliffe Industrial Estate, Folkestone, Kent, CT20 3TX.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
51 Ordinary A Shares 1 51 51
49 Ordinary B Shares 1 49 49
100 100

9. GOING CONCERN

The director's are a substantial creditor and have agreed to postpone repayment of their loan until all other creditors are settled. Therefore, they consider the Company to be a going concern.