IRIS Accounts Production v25.2.0.378 08831003 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088310032024-03-31088310032025-03-31088310032024-04-012025-03-31088310032023-03-31088310032023-04-012024-03-31088310032024-03-3108831003ns15:EnglandWales2024-04-012025-03-3108831003ns14:PoundSterling2024-04-012025-03-3108831003ns10:Director12024-04-012025-03-3108831003ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3108831003ns10:SmallEntities2024-04-012025-03-3108831003ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3108831003ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3108831003ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3108831003ns10:FullAccounts2024-04-012025-03-3108831003ns10:Director22024-04-012025-03-3108831003ns10:RegisteredOffice2024-04-012025-03-3108831003ns5:CurrentFinancialInstruments2025-03-3108831003ns5:CurrentFinancialInstruments2024-03-3108831003ns5:Non-currentFinancialInstruments2025-03-3108831003ns5:Non-currentFinancialInstruments2024-03-3108831003ns5:ShareCapital2025-03-3108831003ns5:ShareCapital2024-03-3108831003ns5:RetainedEarningsAccumulatedLosses2025-03-3108831003ns5:RetainedEarningsAccumulatedLosses2024-03-3108831003ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3108831003ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3108831003ns5:Secured2025-03-3108831003ns5:Secured2024-03-31
REGISTERED NUMBER: 08831003 (England and Wales)









Financial Statements

for the Year Ended 31 March 2025

for

Shoreditch Village Residential Ltd

Shoreditch Village Residential Ltd (Registered number: 08831003)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Shoreditch Village Residential Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTORS: A E V Hall
D H J White





REGISTERED OFFICE: Hill Farm Barn
Bruern Road
Milton Under Wychwood
Chipping Norton
Oxfordshire
OX7 6HG





REGISTERED NUMBER: 08831003 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
Suite 301, Stanmore Business
and Innovation Centre
Howard Road
Stanmore
Middlesex
HA7 1FW

Shoreditch Village Residential Ltd (Registered number: 08831003)

Statement of Financial Position
31 March 2025

2025 2024
Notes £    £   
FIXED ASSETS
Investment property 5 30,000,000 29,135,789

CURRENT ASSETS
Debtors 6 586,138 698,845
Cash at bank 1,229,627 849,317
1,815,765 1,548,162
CREDITORS
Amounts falling due within one year 7 (10,443,353 ) (10,554,443 )
NET CURRENT LIABILITIES (8,627,588 ) (9,006,281 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,372,412

20,129,508

CREDITORS
Amounts falling due after more than one
year

8

(2,868,052

)

(2,865,177

)

PROVISIONS FOR LIABILITIES (3,636,545 ) (3,420,492 )
NET ASSETS 14,867,815 13,843,839

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 14,867,805 13,843,829
14,867,815 13,843,839

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

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

The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2025 and were signed on its behalf by:





A E V Hall - Director


Shoreditch Village Residential Ltd (Registered number: 08831003)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Shoreditch Village Residential Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention, modified to show investment property at fair value.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Income is recognised when rental income is received.

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

Shoreditch Village Residential Ltd (Registered number: 08831003)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 29,135,789
Revaluations 864,211
At 31 March 2025 30,000,000
NET BOOK VALUE
At 31 March 2025 30,000,000
At 31 March 2024 29,135,789

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 March 2025 by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2016 13,781,858
Valuation in 2025 864,211
Cost 15,353,931
30,000,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 167,258 234,616
Other debtors 418,880 464,229
586,138 698,845

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 22,348 31,977
Amounts owed to group undertakings 10,039,010 10,100,605
Taxation and social security 131,079 118,323
Other creditors 250,916 303,538
10,443,353 10,554,443

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 2,868,052 2,865,177

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 2,868,052 2,865,177

The bank loans are secured by way of a fixed charge over the company's assets.

Shoreditch Village Residential Ltd (Registered number: 08831003)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

10. RELATED PARTY DISCLOSURES

The disclosure requirement of section 1A of FRS 102 allows the company not to disclose transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transaction is wholly owned by such a member.