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Registration number: 12505774

Shoby Holdings Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Shoby Holdings Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Shoby Holdings Limited

Company Information

Directors

Mr D E Shelton

Miss L G Shelton

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 Holdings Limited

(Registration number: 12505774)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

266,246

-

Investment property

5

43,838,047

-

Investments

6

2,504,000

104,740,999

 

46,608,293

104,740,999

Current assets

 

Debtors

7

48,528,767

1,049

Cash at bank and in hand

 

614,981

4,415

 

49,143,748

5,464

Creditors: Amounts falling due within one year

8

(3,755,193)

(18,954,186)

Net current assets/(liabilities)

 

45,388,555

(18,948,722)

Total assets less current liabilities

 

91,996,848

85,792,277

Creditors: Amounts falling due after more than one year

8

(5,831,768)

-

Provisions for liabilities

(11,661)

-

Net assets

 

86,153,419

85,792,277

Capital and reserves

 

Called up share capital

10

78,229,976

78,229,976

Retained earnings

7,923,443

7,562,301

Shareholders' funds

 

86,153,419

85,792,277

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.

 

Shoby Holdings Limited

(Registration number: 12505774)
Balance Sheet as at 30 June 2024

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

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

 

Shoby Holdings 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 in Section 398 of the Companies Act 2006 and has not prepared group accounts..

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Shoby Holdings Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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:

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

 

Shoby Holdings Limited

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Shoby Holdings Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

276,972

276,972

At 30 June 2024

276,972

276,972

Depreciation

Charge for the year

10,726

10,726

At 30 June 2024

10,726

10,726

Carrying amount

At 30 June 2024

266,246

266,246

5

Investment properties

2024
£

Additions

43,897,772

Disposals

(59,725)

At 30 June

43,838,047

The investment properties have been transferred from group companies at cost during the year.There has been no valuation of investment properties by an independent valuer.

6

Investments

2024
£

2023
£

Investments in subsidiaries

2,504,000

104,740,999

Subsidiaries

£

Cost or valuation

At 1 July 2023

104,740,999

Provision

Provision

102,236,999

Carrying amount

At 30 June 2024

2,504,000

At 30 June 2023

104,740,999

 

Shoby Holdings Limited

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

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

Shoby Investments Limited

England and Wales

Ordinary

100%

100%

Shoby Priory Agricultural Limited

England and Wales

Ordinary

100%

100%

206 Derby Road Limited

England and Wales

Ordinary

100%

100%

Subsidiary undertakings

Shoby Investments Limited

The principal activity of Shoby Investments Limited is that of a holding company.

Shoby Priory Agricultural Limited

The principal activity of Shoby Priory Agricultural Limited is that of farming activities.

206 Derby Road Limited

The principal activity of 206 Derby Road Limited is a dormant company.

7

Debtors

Note

2024
£

2023
£

Trade debtors

 

603,958

-

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

11

47,612,018

-

Prepayments

 

203,851

-

Other debtors

 

108,940

1,049

 

48,528,767

1,049

 

Shoby Holdings 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

 

Loans and borrowings

9

426,040

-

Trade creditors

 

66,200

5,872

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

11

124,095

18,948,314

Taxation and social security

 

63,727

-

Accruals and deferred income

 

566,632

-

Other creditors

 

2,508,499

-

 

3,755,193

18,954,186

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

5,831,768

-

9

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

426,040

-

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

5,831,768

-

Secured Liabilities

The bank borrowings of £6,257,808 (2023: £Nil) are secured by a floating charge over the company's assets.

 

Shoby Holdings Limited

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

10

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

A Ordinary Shares of £1 each

78,229,976

78,229,976

78,229,976

78,229,976

       

11

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 £49,646 (2023: £Nil) was owed by Shoby Recruitment Ltd.