Three Shires Property Ltd

Registered Number: 12325655 Three Shires Property Ltd
Statement of Financial Position
As at 30 November 2024

	Notes	2024 £	2023 £
Fixed assets
Investment property	4	210,000	205,000
		210,000	205,000
Current assets
Debtors		-	100
Cash at bank and in hand		602	281
		602	381
Creditors: amount falling due within one year		(66,804)	(67,219)
Net current assets		(66,202)	(66,838)

Total assets less current liabilities		143,798	138,162
Creditors: amount falling due after more than one year		(104,132)	(104,127)
Provisions for liabilities		(7,529)	(6,459)
Net assets		32,137	27,576

Capital and reserves
Called up share capital	5	2	2
Revaluation Reserves		53,314	49,264
Profit and loss account		(21,179)	(21,690)
Shareholders' funds		32,137	27,576

For the year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The directors of the company have elected not to include the Income Statement within the financial statements.

The financial statements were approved by the board of directors on 29 September 2025 and were signed on its behalf by:

-------------------------------
J M Cole
Director

Three Shires Property Ltd
Notes to the Abridged Financial Statements
For the year ended 30 November 2024

General Information

Three Shires Property Ltd is a company limited by shares and is incorporated in England and Wales. The address of the registered office is 12 Willow Avenue, Birmingham, England, B17 8HD. The nature of the company's operations and its principal activity was that of property investment.

Accounting policies

Significant accounting policies

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

The financial statements have been prepared under the historical cost convention and on a going concern basis. The financial statements comprise the unaudited financial statements of the company up to 30 November each year, and are stated in pound sterling, the company's functional and presentational currency.

The principal accounting policies applied in the preparation of these financial statements are set out below, these policies have been applied consistently to all the years presented, unless otherwise stated.

Turnover

Turnover comprises rental income receivable during the period.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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. Current and deferred tax assets and liabilities are not discounted.

Investment properties

Investment properties are measured at fair value annually with any change recognised in the profit and loss account. Unrealised gains or losses (net of related deferred tax) are transferred from retained earnings to a separate revaluation reserve.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Employees and Directors Average number of employees during the year was 2 (2023 : 2).

Tangible fixed assets

Cost or valuation	Computer Equipment	Total
	£	£
At 01 December 2023	335	335
Additions	-	-
Disposals	-	-
At 30 November 2024	335	335
Depreciation
At 01 December 2023	335	335
Charge for year	-	-
On disposals	-	-
At 30 November 2024	335	335
Net book values
Closing balance as at 30 November 2024	-	-
Opening balance as at 01 December 2023	-	-

Investment property

Cost	Other investments other than loans	Total
	£	£
At 01 December 2023	205,000	205,000
Additions	-	-
Disposals	-	-
Revaluations	5,000	5,000
At 30 November 2024	210,000	210,000

Other investments comprise of the investment property held by the company. The investment property was revalued as at the balance sheet date on an open market basis. The director has used recent sale prices of the same class of investment within the same location as a proxy for the valuation of each investment property.

Share Capital

Allotted, called up and fully paid	2024 £		2023 £
2 Ordinary shares of £1.00 each	2		2
	2		2

Registered Number: 12325655
England and Wales
Abridged Accounts

for the year ended 30 November 2024
for
THREE SHIRES PROPERTY LTD