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REGISTERED NUMBER: 04490802 (England and Wales)













ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

SHELLBOURNE PROPERTIES LIMITED

SHELLBOURNE PROPERTIES LIMITED (REGISTERED NUMBER: 04490802)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SHELLBOURNE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: J Sharpe
Mrs J P Sharpe
A J Sharpe





SECRETARY: J Sharpe





REGISTERED OFFICE: 4 The Crescent
Adel
Leeds
LS16 6AA





REGISTERED NUMBER: 04490802 (England and Wales)





ACCOUNTANTS: D & J Randles
Chartered Accountants
4 The Crescent
Adel
Leeds
West Yorkshire
LS16 6AA

SHELLBOURNE PROPERTIES LIMITED (REGISTERED NUMBER: 04490802)

ABRIDGED BALANCE SHEET
30 NOVEMBER 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 666 437
Investment property 5 963,297 963,297
963,963 963,734

CURRENT ASSETS
Cash at bank 4,826 5,562

CREDITORS
Amounts falling due within one year 544,453 549,822
NET CURRENT LIABILITIES (539,627 ) (544,260 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

424,336

419,474

CREDITORS
Amounts falling due after more than one
year

(11,295

)

(20,821

)

PROVISIONS FOR LIABILITIES (7,600 ) (7,600 )
NET ASSETS 405,441 391,053

CAPITAL AND RESERVES
Called up share capital 7 8,000 8,000
Retained earnings 397,441 383,053
SHAREHOLDERS' FUNDS 405,441 391,053

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

SHELLBOURNE PROPERTIES LIMITED (REGISTERED NUMBER: 04490802)

ABRIDGED BALANCE SHEET - continued
30 NOVEMBER 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 May 2025 and were signed on its behalf by:





J Sharpe - Director


SHELLBOURNE PROPERTIES LIMITED (REGISTERED NUMBER: 04490802)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Shellbourne Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Although current liabilities exceed current assets at the Balance Sheet date, the accounts have been prepared on a going concern basis because in the opinion of the directors, the company will have sufficient finance to enable it to continue trading for the foreseeable future.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Computer equipment - 25% on reducing balance

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 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2023 1,989
Additions 337
At 30 November 2024 2,326
DEPRECIATION
At 1 December 2023 1,552
Charge for year 108
At 30 November 2024 1,660
NET BOOK VALUE
At 30 November 2024 666
At 30 November 2023 437

SHELLBOURNE PROPERTIES LIMITED (REGISTERED NUMBER: 04490802)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023
and 30 November 2024 963,297
NET BOOK VALUE
At 30 November 2024 963,297
At 30 November 2023 963,297

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2020 60,000
Cost 903,297
963,297

If investment property had not been revalued it would have been included at the following historical cost:

30.11.24 30.11.23
£    £   
Cost 903,297 903,297

Investment property was valued on an open market basis on 30 November 2020 by the directors .

The directors consider that the market value of the company's investment property at the year end is not materially different from the previous valuation.

6. SECURED DEBTS

The following secured debts are included within creditors:

30.11.24 30.11.23
£    £   
Bank loans 15,954 30,075

Bank borrowing is secured by a fixed and floating charge.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
8,000 Ordinary £1 8,000 8,000