Shifty Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11852990 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Shifty Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr Amish Jay Patel

REGISTERED OFFICE:

6 Turnpike Lane

London

N8 0PT

REGISTERED NUMBER:

11852990 (England and Wales)

ACCOUNTANTS:

ElanTax.com

Unit 3 Cedar Court

1 Royal Oak Yard

London

SE1 3GA

BANKERS:

Starling Bank Ltd

3rd floor 2 Finsbury Ave

London

EC2M 2PP

FIXED ASSETS

Property, plant and equipment

4

-

178

Investment property

5

700,000

700,178

CURRENT ASSETS

Cash at bank

20,666

21,236

CREDITORS

Amounts falling due within one year

6

36,217

35,735

NET CURRENT LIABILITIES

(15,551

)

(14,499

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

684,449

685,679

CREDITORS

Amounts falling due after more than one
year

7

(521,329

)

(521,329

)

PROVISIONS FOR LIABILITIES

(39,205

)

(39,205

)

NET ASSETS

123,915

125,145

CAPITAL AND RESERVES

Called up share capital

100

Fair value reserve

8

167,135

Retained earnings

(43,320

)

(42,090

)

SHAREHOLDERS' FUNDS

123,915

125,145

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 director acknowledges her 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.

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

The financial statements were approved by the director and authorised for issue on 29 December 2025 and were signed by:

Dr Amish Jay Patel - Director

1.	STATUTORY INFORMATION

Shifty Properties 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.

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.

Turnover

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

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

fittings

£

COST

At 1 April 2024

and 31 March 2025

7,659

DEPRECIATION

At 1 April 2024

7,481

Charge for year

178

At 31 March 2025

7,659

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

178

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

700,000

NET BOOK VALUE

At 31 March 2025

700,000

At 31 March 2024

700,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2022

206,340

Cost

493,660

700,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other loans

16,885

Directors' current accounts

18,852

18,370

Accruals & deferred income

480

36,217

35,735

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

Other loans > 1 year

439,769

Directors' loan accounts

81,560

521,329

8.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

167,135

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

Dr Amish Jay Patel

Balance outstanding at start of year

(99,930

)

(99,539

)

Amounts repaid

(482

)

(391

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(100,412

)

(99,930

)