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Company Registration No. 11848796 (England and Wales)
Three Shires Property Investment Limited Unaudited accounts for the year ended 31 July 2024
Three Shires Property Investment Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
691,385 
694,211 
Current assets
Debtors
18,517 
30,945 
Cash at bank and in hand
32,588 
43,674 
51,105 
74,619 
Creditors: amounts falling due within one year
(179,575)
(231,814)
Net current liabilities
(128,470)
(157,195)
Total assets less current liabilities
562,915 
537,016 
Creditors: amounts falling due after more than one year
(492,135)
(495,229)
Net assets
70,780 
41,787 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
70,680 
41,687 
Shareholders' funds
70,780 
41,787 
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by
C V Palmer-Jeffery Director Company Registration No. 11848796
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Three Shires Property Investment Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Three Shires Property Investment Limited is a private company, limited by shares, registered in England and Wales, registration number 11848796. The registered office is The Pitch, Leigh, Worcester, WR6 5JU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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.
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
25% on cost
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
688,941 
11,302 
700,243 
At 31 July 2024
688,941 
11,302 
700,243 
Depreciation
At 1 August 2023
- 
6,032 
6,032 
Charge for the year
- 
2,826 
2,826 
At 31 July 2024
- 
8,858 
8,858 
Net book value
At 31 July 2024
688,941 
2,444 
691,385 
At 31 July 2023
688,941 
5,270 
694,211 
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Three Shires Property Investment Limited Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
409 
778 
Accrued income and prepayments
18,108 
30,167 
18,517 
30,945 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,094 
3,094 
Trade creditors
53,511 
61,137 
Taxes and social security
7,464 
3,734 
Other creditors
2,000 
2,000 
Loans from directors
97,911 
153,199 
Accruals
15,595 
8,650 
179,575 
231,814 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
492,135 
495,229 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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