REGISTERED NUMBER: |
ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2024 |
FOR |
SHELLBOURNE PROPERTIES LIMITED |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investment property | 5 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings |
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. |
SHELLBOURNE PROPERTIES LIMITED (REGISTERED NUMBER: 04490802) |
ABRIDGED BALANCE SHEET - continued |
30 NOVEMBER 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant and machinery | - |
Computer 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 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 December 2023 |
Additions |
At 30 November 2024 |
DEPRECIATION |
At 1 December 2023 |
Charge for year |
At 30 November 2024 |
NET BOOK VALUE |
At 30 November 2024 |
At 30 November 2023 |
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 |
NET BOOK VALUE |
At 30 November 2024 |
At 30 November 2023 |
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 |
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: | £ | £ |
Ordinary | £1 | 8,000 | 8,000 |