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Registration number: 09500594

Shoby Investments Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Shoby Investments Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Shoby Investments Limited

Company Information

Directors

Mr D E Shelton

Mr S G Shelton

Miss L G Shelton

Miss S E Shelton

Shoby Holdings Limited

Registered office

Northgate House
North Gate
New Basford
Nottingham
NG7 7BQ

Accountants

RWB CA Limited Northgate House
North Gate
New Basford
Nottingham
NG7 7BQ

 

Shoby Investments Limited

(Registration number: 09500594)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

5

508,006

4,434,006

Other financial assets

6

1,479,432

1,999,999

 

1,987,438

6,434,005

Current assets

 

Debtors

7

34,156

74,003,870

Cash at bank and in hand

 

3,591

4,351

 

37,747

74,008,221

Creditors: Amounts falling due within one year

8

(452,689)

(2,948,607)

Net current (liabilities)/assets

 

(414,942)

71,059,614

Net assets

 

1,572,496

77,493,619

Capital and reserves

 

Called up share capital

9

1,010

1,010

Share premium reserve

196,901

196,901

Retained earnings

1,374,585

77,295,708

Shareholders' funds

 

1,572,496

77,493,619

For the financial year ending 30 June 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 March 2025 and signed on its behalf by:
 

.........................................
Mr D E Shelton
Director

 

Shoby Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Northgate House
North Gate
New Basford
Nottingham
NG7 7BQ

These financial statements were authorised for issue by the Board on 19 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided Section 398 of the Companies Act 2006 and has not prepared group accounts.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

2% straight line

Fixtures and fittings

10% straight line

 

Shoby Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Shoby Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

4

Profit/loss before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Income from shares in group undertakings

(30,477,559)

-

5

Investments

2024
£

2023
£

Investments in subsidiaries

508,006

4,434,006

Subsidiaries

£

Cost or valuation

At 1 July 2023

4,434,006

Provision

Provision

3,926,000

Carrying amount

At 30 June 2024

508,006

At 30 June 2023

4,434,006

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Spring Rental Limited

England and Wales

Ordinary shares

100%

100%

Shoby Properties Limited

England and Wales

Ordinary Shares

100%

100%

Cumberland 2 Limited

England and Wales

Ordinary shares

50%

50%

 

Shoby Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Subsidiary undertakings

Spring Rental Limited

The principal activity of Spring Rental Limited is property rental.

Shoby Properties Limited

The principal activity of Shoby Properties Limited is property rental.

Cumberland 2 Limited

The principal activity of Cumberland 2 Limited is is a holding company.

6

Other financial assets (current and non-current)

2024
£

2023
£

Non-current financial assets

Financial assets at fair value through profit and loss

1,479,432

1,999,999

7

Debtors

2024
£

2023
£

Trade debtors

69

-

Amounts owed by group undertakings and undertakings in which the company has a participating interest

-

73,958,109

Other debtors

34,087

45,761

34,156

74,003,870

 

Shoby Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

4,495

69,734

Amounts owed to group undertakings and undertakings in which the company has a participating interest

10

443,858

-

Accruals and deferred income

 

4,336

4,042

Other creditors

 

-

2,874,831

 

452,689

2,948,607

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £0.01 each

101,000

1,010

101,000

1,010

       

10

Related party transactions

Included within other debtors are the following balances, in respect of companies which are related by virtue of common ownership and directorship:

At the year end, an amount of £Nil (2023: £51,792) was owed by Shoby Recruitment Ltd.

11

Parent and ultimate parent undertaking

The company's immediate parent is Shoby Holdings Limited, incorporated in England and Wales.