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REGISTERED NUMBER: 04841012 (England and Wales)










Shillings Enterprises Limited

Financial Statements

for the Year Ended 31st July 2024






Shillings Enterprises Limited (Registered number: 04841012)






Contents of the Financial Statements
for the Year Ended 31st July 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Shillings Enterprises Limited (Registered number: 04841012)

Balance Sheet
31st July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 149,050 157,514
Investment property 5 1,587,545 1,608,368
1,736,595 1,765,882

CURRENT ASSETS
Debtors 6 26,588 46,956
Cash at bank and in hand 45,091 58,455
71,679 105,411
CREDITORS
Amounts falling due within one year 7 289,648 343,813
NET CURRENT LIABILITIES (217,969 ) (238,402 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,518,626

1,527,480

CREDITORS
Amounts falling due after more than one
year

8

(1,000,000

)

(1,000,000

)

PROVISIONS FOR LIABILITIES (90,029 ) (97,258 )
NET ASSETS 428,597 430,222

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 428,497 430,122
SHAREHOLDERS' FUNDS 428,597 430,222

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Shillings Enterprises Limited (Registered number: 04841012)

Balance Sheet - continued
31st July 2024


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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th April 2025 and were signed on its behalf by:





R T Walker - Director


Shillings Enterprises Limited (Registered number: 04841012)

Notes to the Financial Statements
for the Year Ended 31st July 2024

1. STATUTORY INFORMATION

Shillings Enterprises Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04841012

Registered office: Greenway Farm
Greenway
Tockenham
Swindon
Wiltshire
SN4 7PP

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the total invoice value, excluding value added tax, of fees and rental income invoiced during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on cost
Office equipment - 50% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Shillings Enterprises Limited (Registered number: 04841012)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

4. TANGIBLE FIXED ASSETS
Improvements
Mobile to Plant and
Lodge property machinery
£    £    £   
COST
At 1st August 2023 24,610 58,670 121,318
Additions - 7,603 1,291
At 31st July 2024 24,610 66,273 122,609
DEPRECIATION
At 1st August 2023 2,012 11,101 34,484
Charge for year 2,195 5,517 12,250
At 31st July 2024 4,207 16,618 46,734
NET BOOK VALUE
At 31st July 2024 20,403 49,655 75,875
At 31st July 2023 22,598 47,569 86,834

Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st August 2023 21,451 6,965 13,779 246,793
Additions 1,123 2,304 - 12,321
At 31st July 2024 22,574 9,269 13,779 259,114
DEPRECIATION
At 1st August 2023 20,938 6,965 13,779 89,279
Charge for year 593 230 - 20,785
At 31st July 2024 21,531 7,195 13,779 110,064
NET BOOK VALUE
At 31st July 2024 1,043 2,074 - 149,050
At 31st July 2023 513 - - 157,514

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st August 2023 1,608,368
Revaluations (20,823 )
At 31st July 2024 1,587,545
NET BOOK VALUE
At 31st July 2024 1,587,545
At 31st July 2023 1,608,368

Shillings Enterprises Limited (Registered number: 04841012)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

5. INVESTMENT PROPERTY - continued

The fair value of the investment property at 31st July 2024 was agreed by the directors of the company, with reference to recent market values.

Fair value at 31st July 2024 is represented by:
£   
Valuation in 2017 92,960
Valuation in 2018 34,737
Valuation in 2019 (27,451 )
Valuation in 2020 30,800
Valuation in 2021 111,018
Valuation in 2022 120,246
Valuation in 2023 48,689
Valuation in 2024 (20,823 )
Cost 1,197,369
1,587,545

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,076 34,647
Other debtors 12,512 12,309
26,588 46,956

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 12,718 27,532
Taxation and social security 8,598 1,101
Other creditors 268,332 315,180
289,648 343,813

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 1,000,000 1,000,000

9. RESERVES
Retained
earnings
£   

At 1st August 2023 430,122
Deficit for the year (1,625 )
At 31st July 2024 428,497