| Shekel Investments Limited |
| Registered number: |
13726615 |
| Balance Sheet |
| as at 30 November 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
3,097,631 |
|
|
3,097,631 |
|
| Current assets |
| Cash at bank and in hand |
|
|
14,112 |
|
|
360 |
|
| Creditors: amounts falling due within one year |
4 |
|
(1,295,580) |
|
|
(1,297,321) |
|
| Net current liabilities |
|
|
|
(1,281,468) |
|
|
(1,296,961) |
|
| Total assets less current liabilities |
|
|
|
1,816,163 |
|
|
1,800,670 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(1,941,498) |
|
|
(1,970,000) |
|
|
|
| Net liabilities |
|
|
|
(125,335) |
|
|
(169,330) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
(125,336) |
|
|
(169,331) |
|
| Shareholder's funds |
|
|
|
(125,335) |
|
|
(169,330) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| 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. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Toyin Kehinde |
| Director |
| Approved by the board on 6 May 2026 |
|
| Shekel Investments Limited |
| Notes to the Accounts |
| for the year ended 30 November 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Rental income is recognised on an accrual basis. Rents receivable from tenants represents rents and service charges receivable in the period.
Where a rent-free period is included in a lease, the rental income foregone is allocated evenly over the period from the date of lease commencement to the earliest termination date.
Rental income from fixed and minimum guaranteed rent reviews is recognised on a straight-line basis over the shorter of the entire lease term or the period to the first break option. Where such rental income is recognised ahead of the related cash flow, an adjustment is made to ensure the carrying value of the related property including the accrued rent does not exceed the external valuation. Initial direct costs incurred in negotiating and arranging a new lease are amortised on a straight-line basis over the period from the date of lease commencement to the earliest termination date. |
|
|
Investments 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 whose fair value can be measured reliably without undue cost or effort on an on-going basis 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 |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Investment property |
| £ |
|
Cost |
|
At 1 December 2024 |
3,097,631 |
|
At 30 November 2025 |
3,097,631 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 30 November 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2025 |
3,097,631 |
|
At 30 November 2024 |
3,097,631 |
|
|
| 4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
1,295,580 |
|
1,297,321 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
1,941,498 |
|
1,970,000 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
Shekel Investments Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
20-22 Wenlock Road |
|
London |
|
England |
|
N1 7GU |