Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-312023-06-011falseNo description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12596090 2023-06-01 2024-05-31 12596090 2022-06-01 2023-05-31 12596090 2024-05-31 12596090 2023-05-31 12596090 c:Director1 2023-06-01 2024-05-31 12596090 d:FurnitureFittings 2023-06-01 2024-05-31 12596090 d:FurnitureFittings 2024-05-31 12596090 d:FurnitureFittings 2023-05-31 12596090 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 12596090 d:FreeholdInvestmentProperty 2023-06-01 2024-05-31 12596090 d:FreeholdInvestmentProperty 2024-05-31 12596090 d:FreeholdInvestmentProperty 2023-05-31 12596090 d:CurrentFinancialInstruments 2024-05-31 12596090 d:CurrentFinancialInstruments 2023-05-31 12596090 d:Non-currentFinancialInstruments 2024-05-31 12596090 d:Non-currentFinancialInstruments 2023-05-31 12596090 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 12596090 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 12596090 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 12596090 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 12596090 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-05-31 12596090 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 12596090 d:ShareCapital 2024-05-31 12596090 d:ShareCapital 2023-05-31 12596090 d:RetainedEarningsAccumulatedLosses 2024-05-31 12596090 d:RetainedEarningsAccumulatedLosses 2023-05-31 12596090 c:FRS102 2023-06-01 2024-05-31 12596090 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 12596090 c:FullAccounts 2023-06-01 2024-05-31 12596090 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12596090 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 12596090









SHO REAL ESTATE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
SHO REAL ESTATE LIMITED
REGISTERED NUMBER: 12596090

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
12,327
31,510

Investment property
 5 
733,132
1,336,044

  
745,459
1,367,554

Current assets
  

Debtors: amounts falling due within one year
 6 
2,822
7,713

Cash at bank and in hand
 7 
5,151
577

  
7,973
8,290

Creditors: amounts falling due within one year
 8 
(236,152)
(634,389)

Net current liabilities
  
 
 
(228,179)
 
 
(626,099)

Total assets less current liabilities
  
517,280
741,455

Creditors: amounts falling due after more than one year
 9 
(442,650)
(820,560)

  

Net assets/(liabilities)
  
74,630
(79,105)


Capital and reserves
  

Called up share capital 
  
7
7

Profit and loss account
  
74,623
(79,112)

  
74,630
(79,105)


Page 1

 
SHO REAL ESTATE LIMITED
REGISTERED NUMBER: 12596090
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Sarah Rose Ho
Director

Date: 16 April 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SHO REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

SHO Real Estate Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is Ground Floor, 45 Pall Mall, London, SW1Y 5JG.
The company's principal activity is that of the letting of owned real estate.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, and other sales taxes.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
SHO REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by the director and/or external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
SHO REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

3.


Employees




The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Average number of employees including director
1
1


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 June 2023
48,326


Disposals
(23,672)



At 31 May 2024

24,654



Depreciation


At 1 June 2023
16,816


Charge for the year on owned assets
12,082


Disposals
(16,571)



At 31 May 2024

12,327



Net book value



At 31 May 2024
12,327



At 31 May 2023
31,510

Page 5

 
SHO REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 June 2023
1,336,044


Disposals
(602,912)



At 31 May 2024
733,132

The 2024 valuations were made by the director, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
733,132
1,336,044

733,132
1,336,044


6.


Debtors

2024
2023
£
£


Other debtors
2,822
7,713

2,822
7,713



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
5,151
577

5,151
577


Page 6

 
SHO REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
25,447
-

Other creditors
201,705
630,889

Accruals and deferred income
9,000
3,500

236,152
634,389



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
442,650
820,560

442,650
820,560



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£



Amounts falling due after more than one year

Bank loans
442,650
820,560


442,650
820,560


442,650
820,560


There are three (2023: four) interest-only loans. Interest is payable monthly. Loans are repayable in full in February 2026 and November 2027. There is the possibilty to repay the loans early, either in full or partially. The bank has a first legal mortgage charge over the properties. A guarantee and indemnity has been provided by the director.

 
Page 7