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REGISTERED NUMBER: 02594659 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

SHOREDITCH PROPERTY LIMITED

SHOREDITCH PROPERTY LIMITED (REGISTERED NUMBER: 02594659)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHOREDITCH PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: K Walsh





REGISTERED OFFICE: c/o CBHC Ltd, Steeple House
Suite 3, First Floor
Church Lane
Chelmsford
Essex
CM1 1NH





REGISTERED NUMBER: 02594659 (England and Wales)





ACCOUNTANTS: CBHC Limited
Suite 3, Steeple House
Church Lane
Chelmsford
Essex
CM1 1NH

SHOREDITCH PROPERTY LIMITED (REGISTERED NUMBER: 02594659)

BALANCE SHEET
30 SEPTEMBER 2024

30/9/24 30/9/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,201,249 2,200,000
Investments 5 159,077 159,077
2,360,326 2,359,077

CURRENT ASSETS
Debtors 6 330,149 279,176
Cash at bank 5,378 3,054
335,527 282,230
CREDITORS
Amounts falling due within one year 7 483,307 422,532
NET CURRENT LIABILITIES (147,780 ) (140,302 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,212,546

2,218,775

CREDITORS
Amounts falling due after more than one year 8 153,395 211,148
NET ASSETS 2,059,151 2,007,627

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 2,083,703 2,083,703
Retained earnings (24,652 ) (76,176 )
2,059,151 2,007,627

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SHOREDITCH PROPERTY LIMITED (REGISTERED NUMBER: 02594659)

BALANCE SHEET - continued
30 SEPTEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 May 2025 and were signed by:





K Walsh - Director


SHOREDITCH PROPERTY LIMITED (REGISTERED NUMBER: 02594659)

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


1. STATUTORY INFORMATION

Shoreditch Property 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property and not provided
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

SHOREDITCH PROPERTY LIMITED (REGISTERED NUMBER: 02594659)

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


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 2,200,000 148,212 2,348,212
Additions - 1,615 1,615
At 30 September 2024 2,200,000 149,827 2,349,827
DEPRECIATION
At 1 October 2023 - 148,212 148,212
Charge for year - 366 366
At 30 September 2024 - 148,578 148,578
NET BOOK VALUE
At 30 September 2024 2,200,000 1,249 2,201,249
At 30 September 2023 2,200,000 - 2,200,000

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023
and 30 September 2024 159,077
NET BOOK VALUE
At 30 September 2024 159,077
At 30 September 2023 159,077

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade debtors 283,530 235,530
Amounts owed by group undertakings 44,929 43,646
Other debtors 1,690 -
330,149 279,176

SHOREDITCH PROPERTY LIMITED (REGISTERED NUMBER: 02594659)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Bank loans and overdrafts 67,762 67,762
Trade creditors 36,000 37,023
Amounts owed to group undertakings 311,751 263,260
Taxation and social security 46,294 40,239
Other creditors 21,500 14,248
483,307 422,532

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/9/24 30/9/23
£    £   
Bank loans 153,395 211,148

9. SECURED DEBTS

The following secured debts are included within creditors:

30/9/24 30/9/23
£    £   
Bank loans 221,157 278,910

The bank loan included in Creditors represents a mortgage deed under which the bank holds a charge against the property owned by this Company.

10. RESERVES
Revaluation
reserve
£   
At 1 October 2023
and 30 September 2024 2,083,703

11. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £8,929 (2023: £7,646) by Workgroup Ltd. The company owed Clockwork Logistics Ltd £28,221 (2023: £39,319). Both companies the director has an interest in.

During the year the Company charged Clockwork Logistics Ltd £40,000 (2023: £57,000) in rental fees.