REGISTERED NUMBER: |
Shillings Enterprises Limited |
Financial Statements |
for the Year Ended 31st July 2024 |
REGISTERED NUMBER: |
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 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | 9 |
SHAREHOLDERS' FUNDS |
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 were approved by the Board of Directors and authorised for issue on |
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 |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the total invoice value, excluding value added tax, of fees and rental income invoiced during the year. |
Tangible fixed assets |
Motor vehicles | - |
Office equipment | - |
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 |
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 |
Additions |
At 31st July 2024 |
DEPRECIATION |
At 1st August 2023 |
Charge for year |
At 31st July 2024 |
NET BOOK VALUE |
At 31st July 2024 |
At 31st July 2023 |
Fixtures |
and | Motor | Office |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1st August 2023 |
Additions |
At 31st July 2024 |
DEPRECIATION |
At 1st August 2023 |
Charge for year |
At 31st July 2024 |
NET BOOK VALUE |
At 31st July 2024 |
At 31st July 2023 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st August 2023 |
Revaluations | (20,823 | ) |
At 31st July 2024 |
NET BOOK VALUE |
At 31st July 2024 |
At 31st July 2023 |
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 |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Other creditors |
9. | RESERVES |
Retained |
earnings |
£ |
At 1st August 2023 |
Deficit for the year | ( |
) |
At 31st July 2024 |