Company Registration No. 02223106 (England and Wales)
Shadowgrade Developments Limited
Unaudited accounts
for the year ended 29 June 2024
Shadowgrade Developments Limited
Unaudited accounts
Contents
Shadowgrade Developments Limited
Company Information
for the year ended 29 June 2024
Company Number
02223106 (England and Wales)
Registered Office
Wraysbury Hall
Ferry Lane
Staines
TW19 6HG
Accountants
Black & White Chartered Certified Accountants
2-3 Stable Court
Herriard Park
Herriard
Hampshire
RG25 2PL
Shadowgrade Developments Limited
Statement of financial position
as at 29 June 2024
Tangible assets
10,893
14,522
Investment property
5,250,000
4,946,245
Cash at bank and in hand
258,810
483,468
Creditors: amounts falling due within one year
(23,165)
3,313
Net current assets
432,623
577,912
Net assets
5,693,516
5,538,679
Called up share capital
1,000
1,000
Fair value reserve
-
26,209
Profit and loss account
5,692,516
5,511,470
Shareholders' funds
5,693,516
5,538,679
For the year ending 29 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 March 2025 and were signed on its behalf by
David Winn
Director
Company Registration No. 02223106
Shadowgrade Developments Limited
Notes to the Accounts
for the year ended 29 June 2024
Shadowgrade Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 02223106. The registered office is Wraysbury Hall, Ferry Lane, Staines, TW19 6HG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities and the Companies Act 2006. There were no material departures from that standard.
The director believes that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Fixtures & fittings
20% Reducing Balance
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Shadowgrade Developments Limited
Notes to the Accounts
for the year ended 29 June 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 30 June 2023
6,033
44,872
50,905
At 29 June 2024
6,033
44,872
50,905
At 30 June 2023
3,621
32,762
36,383
Charge for the year
1,207
2,422
3,629
At 29 June 2024
4,828
35,184
40,012
At 29 June 2024
1,205
9,688
10,893
At 29 June 2023
2,412
12,110
14,522
Fair value at 30 June 2023
4,946,245
Net gain from fair value adjustments
303,755
Amounts falling due within one year
Trade debtors
36,418
26,307
Amounts due from group undertakings etc.
160,560
64,629
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
12,049
11,871
Loans from directors
-
(26,254)
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).