3 false false false false false false false false false false true false false false false false false No description of principal activity 2023-03-31 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 01087972 2023-03-31 2024-03-29 01087972 2024-03-29 01087972 2023-03-30 01087972 2022-03-31 2023-03-30 01087972 2023-03-30 01087972 2022-03-30 01087972 core:FurnitureFittings 2023-03-31 2024-03-29 01087972 bus:Director2 2023-03-31 2024-03-29 01087972 bus:Director4 2023-03-31 2024-03-29 01087972 core:FurnitureFittings 2023-03-30 01087972 core:FurnitureFittings 2024-03-29 01087972 core:WithinOneYear 2024-03-29 01087972 core:WithinOneYear 2023-03-30 01087972 core:ShareCapital 2024-03-29 01087972 core:ShareCapital 2023-03-30 01087972 core:RetainedEarningsAccumulatedLosses 2024-03-29 01087972 core:RetainedEarningsAccumulatedLosses 2023-03-30 01087972 core:FurnitureFittings 2023-03-30 01087972 bus:SmallEntities 2023-03-31 2024-03-29 01087972 bus:AuditExemptWithAccountantsReport 2023-03-31 2024-03-29 01087972 bus:SmallCompaniesRegimeForAccounts 2023-03-31 2024-03-29 01087972 bus:PrivateLimitedCompanyLtd 2023-03-31 2024-03-29 01087972 bus:FullAccounts 2023-03-31 2024-03-29 01087972 core:Buildings 2023-03-30 01087972 core:Buildings 2024-03-29
COMPANY REGISTRATION NUMBER: 01087972
SHALLOWDALE LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
29 March 2024
SHALLOWDALE LIMITED
STATEMENT OF FINANCIAL POSITION
29 March 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
1,965,624
1,966,198
CURRENT ASSETS
Debtors
6
33,662
55,883
Cash at bank and in hand
177,743
202,570
---------
---------
211,405
258,453
CREDITORS: amounts falling due within one year
7
( 61,891)
( 66,822)
---------
---------
NET CURRENT ASSETS
149,514
191,631
------------
------------
TOTAL ASSETS LESS CURRENT LIABILITIES
2,115,138
2,157,829
------------
------------
NET ASSETS
2,115,138
2,157,829
------------
------------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
2,115,038
2,157,729
------------
------------
SHAREHOLDERS FUNDS
2,115,138
2,157,829
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 29 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SHALLOWDALE LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
29 March 2024
These financial statements were approved by the board of directors and authorised for issue on 19 March 2025 , and are signed on behalf of the board by:
S J Berson
J A Brackup
Director
Director
Company registration number: 01087972
SHALLOWDALE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD ENDED 29 MARCH 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20-22 Bridge End, Leeds, LS1 4DJ, West Yorkshire.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect amounts receivable under operating leases for rent, management charges, service charges and insurances net of Value Added Tax and is recognised on a straight line basis over the period of the lease.
Income tax
Deferred tax is recognised where material in respect of all timing differences that have originated but not reversed at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
15% reducing balance
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its open market value at each reporting date and any changes in value are recognised in the statement of income and retained earnings.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to 3 (2023: 2 ).
5. TANGIBLE ASSETS
Fixtures and fittings
Freehold Investment Property
Total
£
£
£
Cost
At 31 March 2023
11,428
1,965,000
1,976,428
Disposals
( 9,774)
( 9,774)
--------
------------
------------
At 29 March 2024
1,654
1,965,000
1,966,654
--------
------------
------------
Depreciation
At 31 March 2023
10,230
10,230
Charge for the period
110
110
Disposals
( 9,310)
( 9,310)
--------
------------
------------
At 29 March 2024
1,030
1,030
--------
------------
------------
Carrying amount
At 29 March 2024
624
1,965,000
1,965,624
--------
------------
------------
At 30 March 2023
1,198
1,965,000
1,966,198
--------
------------
------------
The market values of investment properties held as at 30th March 2024 have been calculated by the directors, and have been valued at open market value.
6. DEBTORS
2024
2023
£
£
Trade debtors
9,410
8,386
Other debtors
24,252
47,497
--------
--------
33,662
55,883
--------
--------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Trade creditors
7,370
4,901
Corporation tax
2,833
16,313
Social security and other taxes
2,209
2,234
Other creditors
49,479
43,374
--------
--------
61,891
66,822
--------
--------