3 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2,500,000 2,500,000 2,500,000 xbrli:pure xbrli:shares iso4217:GBP 00882592 2024-04-01 2025-03-31 00882592 2025-03-31 00882592 2024-03-31 00882592 2023-04-01 2024-03-31 00882592 2024-03-31 00882592 2023-03-31 00882592 core:PlantMachinery 2024-04-01 2025-03-31 00882592 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 00882592 bus:Director6 2024-04-01 2025-03-31 00882592 core:PlantMachinery 2024-03-31 00882592 core:FurnitureFittings 2024-03-31 00882592 core:PlantMachinery 2025-03-31 00882592 core:FurnitureFittings 2025-03-31 00882592 core:FurnitureFittings 2024-04-01 2025-03-31 00882592 core:WithinOneYear 2025-03-31 00882592 core:WithinOneYear 2024-03-31 00882592 core:ShareCapital 2025-03-31 00882592 core:ShareCapital 2024-03-31 00882592 core:RevaluationReserve 2025-03-31 00882592 core:RevaluationReserve 2024-03-31 00882592 core:RetainedEarningsAccumulatedLosses 2025-03-31 00882592 core:RetainedEarningsAccumulatedLosses 2024-03-31 00882592 core:CostValuation core:Non-currentFinancialInstruments 2025-03-31 00882592 core:Non-currentFinancialInstruments 2025-03-31 00882592 core:Non-currentFinancialInstruments 2024-03-31 00882592 core:PlantMachinery 2024-03-31 00882592 core:FurnitureFittings 2024-03-31 00882592 bus:SmallEntities 2024-04-01 2025-03-31 00882592 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 00882592 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 00882592 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 00882592 bus:FullAccounts 2024-04-01 2025-03-31 00882592 bus:OrdinaryShareClass1 2025-03-31 00882592 bus:OrdinaryShareClass1 2024-03-31 00882592 core:OfficeEquipment 2024-04-01 2025-03-31 00882592 core:OfficeEquipment 2024-03-31 00882592 core:OfficeEquipment 2025-03-31
COMPANY REGISTRATION NUMBER: 00882592
SHENSTONE COURT LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2025
SHENSTONE COURT LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2025
2025
2024
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
26,578
30,831
Investments
6
2,500,000
2,500,000
------------
------------
2,526,578
2,530,831
CURRENT ASSETS
Debtors
7
2,457
2,133
Cash at bank and in hand
178,743
148,915
---------
---------
181,200
151,048
CREDITORS: amounts falling due within one year
8
77,853
68,944
---------
---------
NET CURRENT ASSETS
103,347
82,104
------------
------------
TOTAL ASSETS LESS CURRENT LIABILITIES
2,629,925
2,612,935
PROVISIONS
510,174
510,174
------------
------------
NET ASSETS
2,119,751
2,102,761
------------
------------
CAPITAL AND RESERVES
Called up share capital
9
90,000
90,000
Fair value reserve
1,858,634
1,858,634
Profit and loss account
171,117
154,127
------------
------------
SHAREHOLDERS FUNDS
2,119,751
2,102,761
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SHENSTONE COURT LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 6 June 2025 , and are signed on behalf of the board by:
Mrs K A Bradford
Director
Company registration number: 00882592
SHENSTONE COURT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31st March 2025
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is C/o Muras Baker Jones, Regent House, Bath Avenue, Wolverhampton, WV1 4EG.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
(b) Property income
The gross rentals shown in the profit and loss account represent rents receivable in respect of occupancy during the year. Amounts received in respect of the sale of leaseholds where the duration of such leasehold exceeds 50 years are treated as capital receipts. The profit or loss on disposal is recognised in the profit and loss account.
(c) Corporation tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
(d) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(e) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Fixtures and fittings
-
15% and 25% reducing balance
Office equipment
-
33% straight line
(f) Investment properties
Investment properties are included at open market value as determined by the directors.
(g) Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).
5. TANGIBLE ASSETS
Plant and machinery
Fixtures and fittings
Office equipment
Total
£
£
£
£
Cost
At 1st April 2024
456
167,245
1,149
168,850
Additions
719
719
Disposals
( 700)
( 700)
----
---------
-------
---------
At 31st March 2025
456
167,245
1,168
168,869
----
---------
-------
---------
Depreciation
At 1st April 2024
114
137,055
850
138,019
Charge for the year
85
4,547
340
4,972
Disposals
( 700)
( 700)
----
---------
-------
---------
At 31st March 2025
199
141,602
490
142,291
----
---------
-------
---------
Carrying amount
At 31st March 2025
257
25,643
678
26,578
----
---------
-------
---------
At 31st March 2024
342
30,190
299
30,831
----
---------
-------
---------
6. INVESTMENTS
Freehold land & buildings
£
Valuation
At 1st April 2024 and 31st March 2025
2,500,000
------------
Impairment
At 1st April 2024 and 31st March 2025
------------
Carrying amount
At 31st March 2025
2,500,000
------------
At 31st March 2024
2,500,000
------------
Revaluation of investment properties, as determined by the directors, and deferred tax thereon are shown in the profit loss account. An adjustment is made between the profit and loss account and fair value reserves in order to differentiate between distributable and non-distributable reserves.
7. DEBTORS
2025
2024
£
£
Other debtors
2,457
2,133
-------
-------
8. CREDITORS: amounts falling due within one year
2025
2024
£
£
Corporation tax
38,956
26,672
Social security and other taxes
490
500
Other creditors
38,407
41,772
--------
--------
77,853
68,944
--------
--------
9. CALLED UP SHARE CAPITAL
Issued, called up and fully paid
2025
2024
No.
£
No.
£
Ordinary shares of £ 1 each
90,000
90,000
90,000
90,000
--------
--------
--------
--------
10. CONTINGENCIES
Deposits received from tenants are held by the Deposit Protection Service. The deposits are returnable to tenants after deducting any amounts agreed with the tenants or, in default of agreement, by the Adjudicator. No liability is anticipated to rest with the company.