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REGISTERED NUMBER: 01337415 (England and Wales)















SHILPALM PROPERTIES LIMITED

Unaudited Financial Statements for the Year Ended 28 February 2025






SHILPALM PROPERTIES LIMITED (REGISTERED NUMBER: 01337415)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHILPALM PROPERTIES LIMITED

Company Information
for the Year Ended 28 February 2025







DIRECTOR: M J Gittins





SECRETARY: D C Hall





REGISTERED OFFICE: 18 High Street(Post to Martin Gittins)
Bidford on Avon
Alcester
Warwickshire
B50 4BU





REGISTERED NUMBER: 01337415 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

SHILPALM PROPERTIES LIMITED (REGISTERED NUMBER: 01337415)

Balance Sheet
28 February 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 265,500 810,500
265,500 810,500

CURRENT ASSETS
Debtors 6 3,487,379 8,357
Cash at bank 2,655,330 5,645,681
6,142,709 5,654,038
CREDITORS
Amounts falling due within one year 7 32,002 97,685
NET CURRENT ASSETS 6,110,707 5,556,353
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,376,207

6,366,853

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 6,374,207 6,364,853
SHAREHOLDERS' FUNDS 6,376,207 6,366,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SHILPALM PROPERTIES LIMITED (REGISTERED NUMBER: 01337415)

Balance Sheet - continued
28 February 2025


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 director and authorised for issue on 11 August 2025 and were signed by:





M J Gittins - Director


SHILPALM PROPERTIES LIMITED (REGISTERED NUMBER: 01337415)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Shilpalm 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost

In accordance with Statement of Standard Accounting Practice number 19 "Accounting for Investment Properties" the properties are revalued each year with the surplus or deficit shown in the statement of recognised gains and losses, also no depreciation has been provided on the buildings element of the properties.

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 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 NIL (2024 - NIL).

SHILPALM PROPERTIES LIMITED (REGISTERED NUMBER: 01337415)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2024
and 28 February 2025 3,305
DEPRECIATION
At 1 March 2024
and 28 February 2025 3,305
NET BOOK VALUE
At 28 February 2025 -
At 29 February 2024 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2024 810,500
Disposals (545,000 )
At 28 February 2025 265,500
NET BOOK VALUE
At 28 February 2025 265,500
At 29 February 2024 810,500

Fair value at 28 February 2025 is represented by:
£   
Valuation in 2023 265,500

Investment Properties were valued on open market value basis on 30 June 2023 by John Earle & Son LLP .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors - 2,975
Other debtors 3,487,379 5,382
3,487,379 8,357

SHILPALM PROPERTIES LIMITED (REGISTERED NUMBER: 01337415)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 26,922 38,601
Other creditors 5,080 59,084
32,002 97,685

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Martin Gittins