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Shok Property Limited

Registered Number
14267450
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

Shok Property Limited
Company Information
for the year from 1 September 2023 to 31 August 2024

Director

Stephen Cohen

Registered Address

3 Coldbath Square
London
EC1R 5HL

Registered Number

14267450 (England and Wales)
Shok Property Limited
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investment property3848,697841,779
848,697841,779
Current assets
Cash at bank and on hand6,695-
6,695-
Creditors amounts falling due within one year4(870,333)(844,455)
Net current assets (liabilities)(863,638)(844,455)
Total assets less current liabilities(14,941)(2,676)
Net assets(14,941)(2,676)
Capital and reserves
Called up share capital100100
Profit and loss account(15,041)(2,776)
Shareholders' funds(14,941)(2,676)
The financial statements were approved and authorised for issue by the Director on 30 May 2025, and are signed on its behalf by:
Stephen Cohen
Director
Registered Company No. 14267450
Shok Property Limited
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The financial statements report the financial results only of the company and are presented in Sterling (£).
Statement of compliance
The financial statements have been prepared in compliance with Section 1A of Financial Reporting Standard 102 and Companies Act 2006 as these apply to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
The financial statements have been prepared on a going concern basis notwithstanding the fact that the company has a deficiency on total equity at the end of the year. The director considers this basis to be appropriate as the company has sufficient facilities available from its shareholder to fund its working capital requirement for a period of at least twelve months for the date these financial statements were approved.
Revenue from rendering of services
Revenue comprises rental income from tenants of the company’s investment properties net of value added tax. Rental income is recognised on an accruals basis in the period in which it is earned, in accordance with the terms of the lease.
Investment property
Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
Financial instruments
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial assets, including trade and other debtors, and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. Basic financial liabilities, including trade and other creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently carried at amortised cost, using the effective interest method. Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment. If evidence of impairment is found, an impairment loss is recognised in the profit and loss account. Financial assets are derecognised when (i) the contractual rights to the cashflows from the asset expire or are settled, or (ii) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (iii) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.Average number of employees
The average number of employees include directors.

20242023
Average number of employees during the year11
3.Investment property
The 2024 valuations were made by the director, on an open market value for existing use basis.

£
Fair value at 01 September 23841,779
Additions6,918
At 31 August 24848,697
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables2,000-
Other creditors868,333844,455
Total870,333844,455
5.Related party transactions
During the year, the director of the company paid expenses of £Nil (2023: £844,455) on behalf of the company. The company repaid £426,323 (2023: £Nil) to the director during the year. As at the balance sheet date, the company owed the director £418,131 (2023: £844,455). At the balance sheet date, the company owed £450,201 (2023: £Nil) to a related party under common control. The balance is unsecured, interest bearing, and repayable on demand.