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REGISTERED NUMBER: 00511459 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

SHAPWELLS DEVELOPMENTS LIMITED

SHAPWELLS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 00511459)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SHAPWELLS DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: D N Metcalfe
Mrs U G Simpson





REGISTERED OFFICE: Victoria House
Bondgate Within
Alnwick
Northumberland
NE66 1TA





REGISTERED NUMBER: 00511459 (England and Wales)





ACCOUNTANTS: Greaves Grindle
Chartered Accountants
Victoria House
Bondgate Within
Alnwick
Northumberland
NE66 1TA

SHAPWELLS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 00511459)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,816,444 1,812,399

CURRENT ASSETS
Stocks 182,262 182,262
Debtors 5 226,973 273,091
Investments 6 244,171 302,776
Cash at bank 91,620 18,808
745,026 776,937
CREDITORS
Amounts falling due within one year 7 41,601 110,210
NET CURRENT ASSETS 703,425 666,727
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,519,869

2,479,126

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Retained earnings 2,518,769 2,478,026
SHAREHOLDERS' FUNDS 2,519,869 2,479,126

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2025 and were signed on its behalf by:



D N Metcalfe - Director


SHAPWELLS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 00511459)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Shapwells Developments 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 represents net invoiced sales of goods, as adjusted for work in progress, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 2 (2023 - 2 ) .

SHAPWELLS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 00511459)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 November 2023 1,447,747 354,173 7,112
Additions 1 2,655 -
Adjustment (12,488 ) - -
At 31 October 2024 1,435,260 356,828 7,112
DEPRECIATION
At 1 November 2023 12,488 - 5,545
Charge for year - - 392
Charge written back (12,488 ) - -
At 31 October 2024 - - 5,937
NET BOOK VALUE
At 31 October 2024 1,435,260 356,828 1,175
At 31 October 2023 1,435,259 354,173 1,567

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 21,308 67,696 2,301 1,900,337
Additions 1,826 - - 4,482
Adjustment - - - (12,488 )
At 31 October 2024 23,134 67,696 2,301 1,892,331
DEPRECIATION
At 1 November 2023 - 67,696 2,209 87,938
Charge for year - - 45 437
Charge written back - - - (12,488 )
At 31 October 2024 - 67,696 2,254 75,887
NET BOOK VALUE
At 31 October 2024 23,134 - 47 1,816,444
At 31 October 2023 21,308 - 92 1,812,399

SHAPWELLS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 00511459)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 108,896 148,001
Other debtors 2,427 9,440
111,323 157,441

Amounts falling due after more than one year:
Other debtors 115,650 115,650

Aggregate amounts 226,973 273,091

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 244,171 302,776

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,133 45,888
Taxation and social security 53 680
Other creditors 31,415 63,642
41,601 110,210

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 October 2024 the company owed the director D Metcalfe £27,024 (2023 £58268). This amount is interest free and has no fixed terms of repayment.