REGISTERED NUMBER: 01235620 (England and Wales)

Shellihurst Properties Limited

Unaudited Financial Statements for the Year Ended 25 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Williams

R Williams

R J Williams

J Gleeson Williams

SECRETARY:

A Williams

REGISTERED OFFICE:

One New Street

Wells

Somerset

BA5 2LA

REGISTERED NUMBER:

01235620 (England and Wales)

ACCOUNTANTS:

Webb & Co Ltd

Accountants and Business Advisers

One New Street

Wells

Somerset

BA5 2LA

FIXED ASSETS

Investment property

4

800,000

800,000

CURRENT ASSETS

Debtors

5

37,524

35,760

Cash at bank

53,485

67,509

91,009

103,269

CREDITORS

Amounts falling due within one year

6

42,568

63,982

NET CURRENT ASSETS

48,441

39,287

TOTAL ASSETS LESS CURRENT LIABILITIES

848,441

839,287

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Capital redemption reserve

1,000

1,000

Fair value reserve

349,976

349,976

Retained earnings

496,465

487,311

SHAREHOLDERS' FUNDS

848,441

839,287

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 25 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 25 March 2025 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2025 and were signed on its behalf by:

A Williams - Director

1.	STATUTORY INFORMATION

Shellihurst 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover represents rental income from properties and is recognised on a straight-line basis over the term of the lease. Rental income is measured at the fair value of the consideration received or receivable, excluding VAT. Incentives granted to tenants, such as rent-free periods, are recognised evenly over the term of the lease. Any service charges and other income related to leased assets are recognised when the related services are performed.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 4 (2024 - 4 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 26 March 2024

and 25 March 2025

800,000

NET BOOK VALUE

At 25 March 2025

800,000

At 25 March 2024

800,000

If investment properties had not been revalued they would have been included at the following historical cost £450,024 (2024 - £450,024).

Investment properties were valued at open market value by the directors at 25 March 2025.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

36,069

33,695

Other debtors

1,455

2,065

37,524

35,760

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

8,465

5,229

Other creditors

34,103

58,753

42,568

63,982

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

4,000

Ordinary

10p

400

400

2,000

Ordinary B

10p

200

200

2,000

Ordinary C

10p

200

200

2,000

Ordinary D

10p

200

200

1,000

1,000