2 false false false false false false false false false false true false false false false false false No description of principal activity 2024-07-01 Sage Accounts Production Advanced 2024 - FRS102_2024 2,216,964 716,964 1,216,964 1,000,000 1,500,000 xbrli:pure xbrli:shares iso4217:GBP 11119365 2024-07-01 2025-06-30 11119365 2025-06-30 11119365 2024-06-30 11119365 2023-07-01 2024-06-30 11119365 2024-06-30 11119365 2023-06-30 11119365 bus:Director1 2024-07-01 2025-06-30 11119365 bus:Director2 2024-07-01 2025-06-30 11119365 core:LandBuildings core:OwnedOrFreeholdAssets 2024-06-30 11119365 core:LandBuildings core:OwnedOrFreeholdAssets 2025-06-30 11119365 core:WithinOneYear 2025-06-30 11119365 core:WithinOneYear 2024-06-30 11119365 core:ShareCapital 2025-06-30 11119365 core:ShareCapital 2024-06-30 11119365 core:RetainedEarningsAccumulatedLosses 2025-06-30 11119365 core:RetainedEarningsAccumulatedLosses 2024-06-30 11119365 core:LandBuildings core:OwnedOrFreeholdAssets 2024-06-30 11119365 bus:SmallEntities 2024-07-01 2025-06-30 11119365 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 11119365 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 11119365 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 11119365 bus:FullAccounts 2024-07-01 2025-06-30 11119365 core:LandBuildings core:OwnedOrFreeholdAssets 2024-07-01 2025-06-30 11119365 core:AllAssociates 2024-07-01 2025-06-30
COMPANY REGISTRATION NUMBER: 11119365

SHACKLEFORD PROPERTIES LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 June 2025

SHACKLEFORD PROPERTIES LTD

STATEMENT OF FINANCIAL POSITION

30 June 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Tangible assets | 5 | 1,000,000 | 1,500,000

Current assets

Debtors | 6 | 29,750 | 698
Cash at bank and in hand | 12,840 | 5,685
| --------- | --------
| 42,590 | 6,383

Creditors: amounts falling due within one year | 7 | 63,452 | 120,468
| --------- | -----------
Net current liabilities | 20,862 | 114,085
| -------------- | --------------
Total assets less current liabilities | 979,138 | 1,385,915
| ----------- | --------------
Net assets | 979,138 | 1,385,915
| ----------- | --------------

SHACKLEFORD PROPERTIES LTD

STATEMENT OF FINANCIAL POSITION (continued)

30 June 2025

| 2025 | 2024
Note | £ | £

Capital and reserves

Called up share capital | 100 | 100
Profit and loss account | 979,038 | 1,385,815
| ----------- | --------------
Shareholders funds | 979,138 | 1,385,915
| ----------- | --------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 22 January 2026 , and are signed on behalf of the board by:

J P Greed | L Shackleford
Director | Director

Company registration number: 11119365

SHACKLEFORD PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Office Suite 2, Firth Road Business Park, Firth Road, Lincoln, Lincolnshire, LN6 7AA, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The actual outcome may diverge from these estimates if other assumptions are made, or other conditions arise. Significant judgements There are no judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies which have a significant effect on the amounts recognised in the financial statements. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: Depreciation charges The annual depreciation charge for tangible assets is sensitive to changes in the useful economic lives and residual values of the assets. These are reviewed periodically by the Directors to ensure that they reflect both external and internal factors.
Revenue recognition
The turnover shown in the statement of comprehensive income represents the value of rent received during the period, exclusive of Value Added Tax. Turnover is recognised at the point at which the company has fulfilled its contractual obligations and the risks and rewards attaching to the sale have been transferred to the customer.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units .
Financial instruments
A financial asset or a financial liability is recognized only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognized at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognized at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortized cost. Other financial instruments, including derivatives, are recognized at fair value, with any subsequent changes to fair value recognized in profit or loss.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Tangible assets

| Freehold property
| £
Cost |
At 1 July 2024 and 30 June 2025 | 2,216,964
| --------------
Depreciation |
At 1 July 2024 | 716,964
Impairment losses | 500,000
| --------------
At 30 June 2025 | 1,216,964
| --------------
Carrying amount |
At 30 June 2025 | 1,000,000
| --------------
At 30 June 2024 | 1,500,000
| --------------

Investment properties have been valued during the year at fair value by the directors on the basis of market values and expected yields.
6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | – | 698
Other debtors | 29,750 | –
| --------- | -----
| 29,750 | 698
| --------- | -----

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 1,093 | 119
Amounts owed to group undertakings | – | 98,650
Corporation tax | 12,693 | 11,968
Social security and other taxes | 2,083 | 3,364
Other creditors | 47,583 | 6,367
| --------- | -----------
| 63,452 | 120,468
| --------- | -----------

8. Related party transactions
An amount of £93,300 owed to John Greed Jewellery Ltd, a connected compay under common control, was written off by directors at the year end. The forgiveness of debt is shown as a profit on financial liabilities at fair value through other operating income in the statement of income and retained earnings.