Caseware UK (AP4) 2024.0.164 2024.0.164 falsetrue2024-06-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1truefalse 12626849 2024-06-01 2025-03-31 12626849 2023-06-01 2024-05-31 12626849 2025-03-31 12626849 2024-05-31 12626849 c:Director1 2024-06-01 2025-03-31 12626849 d:FreeholdInvestmentProperty 2024-06-01 2025-03-31 12626849 d:FreeholdInvestmentProperty 2025-03-31 12626849 d:CurrentFinancialInstruments 2025-03-31 12626849 d:CurrentFinancialInstruments 2024-05-31 12626849 d:Non-currentFinancialInstruments 2025-03-31 12626849 d:Non-currentFinancialInstruments 2024-05-31 12626849 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 12626849 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 12626849 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 12626849 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 12626849 d:ShareCapital 2025-03-31 12626849 d:ShareCapital 2024-05-31 12626849 d:RetainedEarningsAccumulatedLosses 2025-03-31 12626849 d:RetainedEarningsAccumulatedLosses 2024-05-31 12626849 c:FRS102 2024-06-01 2025-03-31 12626849 c:AuditExempt-NoAccountantsReport 2024-06-01 2025-03-31 12626849 c:FullAccounts 2024-06-01 2025-03-31 12626849 c:PrivateLimitedCompanyLtd 2024-06-01 2025-03-31 12626849 2 2024-06-01 2025-03-31 12626849 e:PoundSterling 2024-06-01 2025-03-31 iso4217:GBP xbrli:pure
Registered number: 12626849













SH Property Lettings Ltd

Financial statements
Information for filing with the registrar

31 March 2025




 
SH Property Lettings Ltd


Balance sheet
At 31 March 2025

31 March
31 May
2025
2024
Note
£
£

Fixed assets
  

Investment property
 4 
1,231,211
-

  
1,231,211
-

Current assets
  

Debtors
 5 
2,604
-

Cash at bank and in hand
  
37,316
100

  
39,920
100

Creditors: amounts falling due within one year
 6 
(894,734)
-

Net current (liabilities)/assets
  
 
 
(854,814)
 
 
100

Total assets less current liabilities
  
376,397
100

Creditors: amounts falling due after more than one year
 7 
(365,000)
-

  

Net assets
  
11,397
100


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
11,297
-

Shareholders' deficit
  
11,397
100


1

 
SH Property Lettings Ltd

    
Balance sheet (continued)
At 31 March 2025

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 July 2025.




S Hindocha
Director


Registered number: 12626849
The notes on pages 3 to 5 form part of these financial statements.
2

 
SH Property Lettings Ltd
 
 

Notes to the financial statements
period ended 31 March 2025

1.


General information

SH Property Lettings Ltd ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. The address of the registered office is 2nd Floor Citygate, St James Boulevard, Newcastle Upon Tyne NE1 4JE.

2.Accounting policies

  
2.1

Statement of compliance

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard' applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

  
2.2

Revenue

The turnover shown in the profit and loss account represents rental income receivable during the period.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.


 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers 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.


3.


Employees

The average monthly number of employees, including directors, during the period was 1 (2024: 1).

3

 
SH Property Lettings Ltd
 
 

Notes to the financial statements
period ended 31 March 2025

4.


Investment property





Freehold investment property

£



Valuation


Additions at cost
1,231,211



At 31 March 2025
1,231,211

In the opinion of the director, valuation of the investment property is fair and unlikely to represent a
material difference to true valuation.





5.


Debtors

31 March
31 May
2025
2024
£
£


Trade debtors
1,767
-

Prepayments and accrued income
837
-

2,604
-



6.


Creditors: amounts falling due within one year

31 March
31 May
2025
2024
£
£

Amounts owed to group undertakings
851,881
-

Corporation tax
3,479
-

Other taxation and social security
3,138
-

Other creditors
33,936
-

Accruals and deferred income
2,300
-

894,734
-


4

 
SH Property Lettings Ltd
 
 

Notes to the financial statements
period ended 31 March 2025

7.


Creditors: amounts falling due after more than one year

31 March
31 May
2025
2024
£
£

Bank loans
365,000
-

365,000
-



8.


Related party transactions

During the year, the company operated on normal commercial terms with Wallace Thomas Hobson & Emmett Limited. The amount due to Wallace Thomas Hobson & Emmett Limited at 31 March 2025 was £825,481 (2024: £nil).
During the year, the company operated on normal commercial terms with 36 London Road Limited. The amount due to 36 London Road Limited at 31 March 2025 was £26,400 (2024: £nil).
 
5