| Registered number |
| Registered number: | |||||||
| Balance Sheet | |||||||
| as at |
|||||||
| Notes | 2024 | 2023 | |||||
| £ | £ | ||||||
| Fixed assets | |||||||
| Tangible assets | 3 | ||||||
| Current assets | |||||||
| Debtors | 4 | ||||||
| Cash at bank and in hand | |||||||
| Creditors: amounts falling due within one year | 5 | ( |
( |
||||
| Net current liabilities | ( |
( |
|||||
| Total assets less current liabilities | |||||||
| Creditors: amounts falling due after more than one year | 6 | ( |
( |
||||
| Provisions for liabilities | ( |
( |
|||||
| Net assets | |||||||
| Capital and reserves | |||||||
| Called up share capital | |||||||
| Revaluation reserve | 8 | ||||||
| Profit and loss account | ( |
( |
|||||
| Shareholders' funds | |||||||
| Elliot Dee | |||||||
| Director | |||||||
| Approved by the board on |
|||||||
| Notes to the Accounts | ||||||||
| for the year ended |
||||||||
| 1 | Accounting policies | |||||||
| Basis of preparation | ||||||||
| Turnover | ||||||||
Revenue from the provision of rental properties is recognised over the period of rent, when and to the extent that, the company obtains the right to consideration in exchange for services provided. |
||||||||
| Tangible fixed assets | ||||||||
Other tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
||||||||
| Motor vehicles | over 5 years | |||||||
| Fixtures, fittings, tools and equipment | over 5 years | |||||||
| Debtors | ||||||||
| Creditors | ||||||||
| Taxation | ||||||||
| 2 | Employees | 2024 | 2023 | |||||
| Number | Number | |||||||
| Average number of persons employed by the company | ||||||||
| 3 | Tangible fixed assets | |||||||
| Land and buildings | Plant and machinery etc | Motor vehicles | Total | |||||
| £ | £ | £ | £ | |||||
| Cost | ||||||||
| At 1 September 2023 | ||||||||
| Additions | - | |||||||
| Surplus on revaluation | - | - | ||||||
| Disposals | ( |
- | ( |
( |
||||
| At 31 August 2024 | - | |||||||
| Depreciation | ||||||||
| At 1 September 2023 | - | |||||||
| Charge for the year | - | - | ||||||
| On disposals | - | - | ( |
( |
||||
| At 31 August 2024 | - | - | ||||||
| Net book value | ||||||||
| At 31 August 2024 | - | |||||||
| At 31 August 2023 | ||||||||
| Freehold land and buildings: | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Historical cost | 690,685 | 504,731 | ||||||
| Cumulative depreciation based on historical cost | - | - | ||||||
| Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in the profit and loss account. Aug 20 - £93,692 Cost Aug 21 - £282,580 Cost Aug 22 - £480,803 Cost £164,197 fair value adjustment £645,000 fair value revaluation Aug 23 - £480,803 Cost B/Fwd £23,928 Cost - Additions £504,731 Cost C/Fwd £164,197 fair value adjustment previous year (£23,928) fair value adjustment current year £140,269 Net balance on fair value adjustments £645,000 Revaluation on property at fair value 31st Aug 2023 Fair value revaluations are based on valuations provided by the director and are recognised by the director to be in line with current market conditions. |
||||||||
| Aug 24 - £504,731 Cost B/Fwd £284,396 Cost - Additions (£98,442) Cost - Disposals £690,685 Cost C/Fwd £140,269 fair value adjustment previous years £39,046 fair value adjustment current year £179,315 Net balance on fair value adjustments £870,000 Revaluation on property at fair value 31st Aug 2024 Fair value revaluations are based on valuations provided by the director and are recognised by the director to be in line with current market conditions. |
||||||||
| 4 | Debtors | 2024 | 2023 | |||||
| £ | £ | |||||||
| Trade debtors | ||||||||
| Prepayments | 100 | 36,211 | ||||||
| 5 | Creditors: amounts falling due within one year | 2024 | 2023 | |||||
| £ | £ | |||||||
| Mortgages < 1 year | 34,821 | 18,831 | ||||||
| EDEE1143 Ltd | 134,315 | 100,415 | ||||||
| Director's account | 166,488 | 155,298 | ||||||
| Accruals | 1,260 | 900 | ||||||
| Wages Control | 500 | - | ||||||
| Other creditors | - | |||||||
| 6 | Creditors: amounts falling due after one year | 2024 | 2023 | |||||
| £ | £ | |||||||
| Mortgages > 1 year | 402,363 | 327,121 | ||||||
| 7 | Mortgages | 2024 | 2023 | |||||
| £ | £ | |||||||
| Creditors include: | ||||||||
| Secured bank loans | 437,184 | 345,952 | ||||||
| 8 | Revaluation reserve | 2024 | 2023 | |||||
| £ | £ | |||||||
| At 1 September 2023 | ||||||||
| Gain/(loss) on revaluation of land and buildings | ( |
|||||||
| Deferred taxation arising on the revaluation of land and buildings | ( |
|||||||
| At 31 August 2024 | ||||||||
| 9 | Loans to directors | |||||||
| Description and conditions | B/fwd | Paid | Repaid | C/fwd | ||||
| £ | £ | £ | £ | |||||
| ( |
||||||||
| 155,298 | (30,441) | 41,631 | 166,488 | |||||
| The director operates a current loan account with the company, which is debited with payments made by the company on behalf of the director and credited with funds introduced and undrawn director's fees. At the year end the amount outstanding to the director was £166,488 This amount being included in Creditors: amounts falling due within one year. | ||||||||
| 10 | Related party transactions | |||||||
| 11 | Called up share capital | 2024 | 2023 | |||||
| £ | £ | |||||||
| Allotted, issued and fully paid: | ||||||||
| Number: | Nominal value | |||||||
| Ordinary shares - Elliot Dee | 100 | £1 | 100 | 100 | ||||
| Ordinary B shares - Ruby McCarthy | 1 | £1 | 1 | 1 | ||||
| 101 | 101 | |||||||
| 12 | Controlling party | |||||||
| 13 | Other information | |||||||
| Shelby 216 Ltd is a private company limited by shares and incorporated in Wales. Its registered office is: | ||||||||
| Ysgubor Maenderw | ||||||||
| Argoed Uchaf Farm | ||||||||
| Sunny View, Argoed | ||||||||
| Gwent | ||||||||
| NP12 0AJ | ||||||||