Shapley Tor Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

Shapley Tor Limited

Balance Sheet

30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	295,068	295,091
Current assets
Cash at bank and in hand		1,965	1,443
Creditors: Amounts falling due within one year	5	(73,825)	(78,923)
Net current liabilities		(71,860)	(77,480)
Total assets less current liabilities		223,208	217,611
Provisions for liabilities		(38,038)	(28,780)
Net assets		185,170	188,831
Capital and reserves
Called up share capital	6	4,001	4,001
Share premium reserve		1,500	1,500
Profit and loss account		179,669	183,330
Shareholders' funds		185,170	188,831

Shapley Tor Limited

Balance Sheet

30 April 2025

For the financial year ending 30 April 2025 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; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 6 October 2025 and signed on its behalf by:
 

......................................... Mr B W Shapley Director

Shapley Tor Limited

Notes to the Unaudited Financial Statements

Year Ended 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF

The principal place of business is:
7 Pitmans Way
Sherborne
Dorset
DT9 6EU

These financial statements were authorised for issue by the Board on 6 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

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 Section 1A, and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that, as disclosed in the accounting policies, certain items are shown at fair value.

The functional and presentational currency is pounds sterling.

Revenue recognition

Turnover comprises rents and insurance contributions receivable from tenants, together with sundry income, and is shown net of value added tax. The company recognises revenue when received.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Shapley Tor Limited

Notes to the Unaudited Financial Statements

Year Ended 30 April 2025

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Shapley Tor Limited

Notes to the Unaudited Financial Statements

Year Ended 30 April 2025

4	Tangible assets

	Land and buildings £	Office equipment  £	Total £
Cost or valuation
At 1 May 2024	295,000	909	295,909
At 30 April 2025	295,000	909	295,909
Depreciation
At 1 May 2024	-	818	818
Charge for the year	-	23	23
At 30 April 2025	-	841	841
Carrying amount
At 30 April 2025	295,000	68	295,068
At 30 April 2024	295,000	91	295,091

Included within the net book value of land and buildings above is £295,000 (2024 - £295,000) in respect of freehold land and buildings.
 

Shapley Tor Limited

Notes to the Unaudited Financial Statements

Year Ended 30 April 2025

5

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	2,093	-
Accruals and deferred income	1,350	1,350
Other creditors	70,382	77,573
	73,825	78,923

6	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	4,001	4,001	4,001	4,001

7

Reserves

The profit and loss account represents cumulative profit or losses, net of dividends paid and other adjustments. Included in the carry forward is £173,033 in relation to unrealised gains on investment properties and a £38,021 unrealised loss in relation to the deferred tax on these gains.