Registered number
12159291
Shelby 216 Ltd
Abridged Accounts
31 August 2024
Shelby 216 Ltd
Registered number: 12159291
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 873,578 654,014
Current assets
Debtors 4 882 36,221
Cash at bank and in hand 9,827 30,159
10,709 66,380
Creditors: amounts falling due within one year 5 (337,384) (275,445)
Net current liabilities (326,675) (209,065)
Total assets less current liabilities 546,903 444,949
Creditors: amounts falling due after more than one year 6 (402,363) (327,121)
Provisions for liabilities (34,070) (26,651)
Net assets 110,470 91,177
Capital and reserves
Called up share capital 101 101
Revaluation reserve 8 145,245 113,618
Profit and loss account (34,876) (22,542)
Shareholders' funds 110,470 91,177
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Elliot Dee
Director
Approved by the board on 29 August 2025
Shelby 216 Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is rental income incurred during the year from investment properties held.

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
Tangible fixed assets include residential investment properties that are held for earning rental income and capital appreciation. No depreciation has been provided on these due to their capital appreciation in value.

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
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 September 2023 645,000 4,197 15,000 664,197
Additions 284,397 1,754 - 286,151
Surplus on revaluation 39,046 - - 39,046
Disposals (98,443) - (15,000) (113,443)
At 31 August 2024 870,000 5,951 - 875,951
Depreciation
At 1 September 2023 - 1,183 9,000 10,183
Charge for the year - 1,190 - 1,190
On disposals - - (9,000) (9,000)
At 31 August 2024 - 2,373 - 2,373
Net book value
At 31 August 2024 870,000 3,578 - 873,578
At 31 August 2023 645,000 3,014 6,000 654,014
Freehold land and buildings: 2024 2023
£ £
Historical cost 690,685 504,731
Cumulative depreciation based on historical cost - -
690,685 504,731
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 782 10
Prepayments 100 36,211
882 36,221
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 - 1
337,384 275,445
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
Buy to let mortgages are secured on Six rental properties.
8 Revaluation reserve 2024 2023
£ £
At 1 September 2023 113,618 133,000
Gain/(loss) on revaluation of land and buildings 39,045 (23,928)
Deferred taxation arising on the revaluation of land and buildings (7,418) 4,546
At 31 August 2024 145,245 113,618
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Elliot Dee
Directors loan account 155,298 (30,441) 41,631 166,488
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
During the year the company was loaned money from EDEE1143 Ltd. At the year end the amount owed to EDEE1143 Ltd was £134,315 this amount is included in Creditors: amounts falling due within one year. Mr E Dee is sole shareholder and director of EDEE1143 Ltd.
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
The ultimate controlling party with 100 ordinary shares is Elliot Dee. His partner, Mrs Ruby McCarthy, owns 1 x Ordinary B share.
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
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