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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
Page
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Shadowgrade Developments Limited Company Information for the year ended 29 June 2024
Director
David Winn
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
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Shadowgrade Developments Limited Statement of financial position as at 29 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,893 
14,522 
Investment property
5,250,000 
4,946,245 
5,260,893 
4,960,767 
Current assets
Debtors
196,978 
91,131 
Cash at bank and in hand
258,810 
483,468 
455,788 
574,599 
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 
Capital and reserves
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
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Shadowgrade Developments Limited Notes to the Accounts for the year ended 29 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Presentation currency
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
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.
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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 
Depreciation
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 
Net book value
At 29 June 2024
1,205 
9,688 
10,893 
At 29 June 2023
2,412 
12,110 
14,522 
5
Investment property
2024 
£ 
Fair value at 30 June 2023
4,946,245 
Net gain from fair value adjustments
303,755 
At 29 June 2024
5,250,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
195 
Trade debtors
36,418 
26,307 
Amounts due from group undertakings etc.
160,560 
64,629 
196,978 
91,131 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
12,049 
11,871 
Loans from directors
- 
(26,254)
Accruals
11,116 
11,070 
23,165 
(3,313)
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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