REGISTERED NUMBER: 14261788 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SHORIEL INVESTMENTS 3 LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S Elroy

Mr O Elroy

REGISTERED OFFICE:

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

REGISTERED NUMBER:

14261788 (England and Wales)

ACCOUNTANTS:

Raffingers Holdings Limited

Chartered Accountants

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

FIXED ASSETS

Tangible assets

4

1,323

-

Investment property

5

1,596,977

799,054

1,598,300

799,054

CURRENT ASSETS

Debtors

94,735

111,454

Cash at bank and in hand

86,373

55,980

181,108

167,434

CREDITORS

Amounts falling due within one year

1,358,596

986,241

NET CURRENT LIABILITIES

(1,177,488

)

(818,807

)

TOTAL ASSETS LESS CURRENT LIABILITIES

420,812

(19,753

)

CREDITORS

Amounts falling due after more than one year

6

704,445

224,740

NET LIABILITIES

(283,633

)

(244,493

)

CAPITAL AND RESERVES

Called up share capital

99

99

Fair value reserve

(63,749

)

(85,043

)

Retained earnings

(219,983

)

(159,549

)

SHAREHOLDERS' FUNDS

(283,633

)

(244,493

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2025 and were signed on its behalf by:

Mr S Elroy - Director

1.	STATUTORY INFORMATION

Shoriel Investments 3 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The accounts have been prepared on the going concern basis as the directors are of the opinion that the company will meet its liabilities as and when due, due to the continued support of the directors.

Rent income

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

Investment property

Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Foreign exchange

Transactions in foreign currency are recorded at the rates of exchange prevailing on the dates of the transactions. At each balance sheet date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing at the balance sheet date. Exchange differences are charged or credited to administrative expenses in the Statement of Comprehensive Income.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

1,765

At 31 March 2025

1,765

DEPRECIATION

Charge for year

442

At 31 March 2025

442

NET BOOK VALUE

At 31 March 2025

1,323

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

799,054

Additions

1,575,626

Disposals

(806,095

)

Revaluations

28,392

At 31 March 2025

1,596,977

NET BOOK VALUE

At 31 March 2025

1,596,977

At 31 March 2024

799,054

Investment property was valued on an open market basis on 31 March 2025 by the director.

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

£

Repayable otherwise than by instalments

Bank loans

704,445

224,740

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

704,445

224,740

Bank loans are secured by way of a fixed charge over the properties held by the company.

8.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £1,123,989 (2024: £607,140) to companies under common control and paid interest of £23,767 (2024: £11,422) on the loans.

At the balance sheet date, the company was owed £48,539 (2024: £10,189) by companies under common control.

At the balance sheet date, the company owed £228,541 (2024: £373,678) to the directors and during the period paid interest £34,088 (2024: £40,037) to the directors.