Shelby 216 Ltd - Filleted accounts

Registered number

12159291

Shelby 216 Ltd

Abridged Accounts

31 August 2025

Shelby 216 Ltd
Registered number:		12159291
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		873,010			873,578

Current assets
Debtors	4	859			882
Cash at bank and in hand		1,145			9,827
		2,004			10,709

Creditors: amounts falling due within one year	5	(337,622)			(337,384)

Net current liabilities			(335,618)			(326,675)

Total assets less current liabilities			537,392			546,903

Creditors: amounts falling due after more than one year	6		(406,604)			(402,363)

Provisions for liabilities			(31,545)			(34,070)


Net assets			99,243			110,470

Capital and reserves
Called up share capital			101			101
Revaluation reserve	8		134,482			145,245
Profit and loss account			(35,340)			(34,876)

Shareholders' funds			99,243			110,470

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 members have 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.




Elliot Dee
Director
Approved by the board on 4 June 2026

Shelby 216 Ltd
Notes to the Accounts
for the year ended 31 August 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
	Turnover is rental income incurred during the year from investment properties held. Revenue from the provision of rental properties is recognised over the period of rent, when and to the extent that, the company obtains the right to consideration in exchange for services provided.

	Tangible fixed assets
	Tangible fixed assets include residential investment properties that are held for earning rental income and capital appreciation. No depreciation has been provided on these due to their capital appreciation in value. Other tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment			over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	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					1		1


3	Tangible fixed assets
				Land and buildings		Plant and machinery etc		Total
£					£		£
	Cost
	At 1 September 2024			870,000		5,951		875,951
	Additions			13,288		778		14,066
	Surplus on revaluation			(13,288)		-		(13,288)
	At 31 August 2025			870,000		6,729		876,729

	Depreciation
	At 1 September 2024			-		2,373		2,373
	Charge for the year			-		1,346		1,346
	At 31 August 2025			-		3,719		3,719

	Net book value
	At 31 August 2025			870,000		3,010		873,010
	At 31 August 2024			870,000		3,578		873,578


	Freehold land and buildings:					2025		2024
£							£
	Historical cost					703,973		690,685
	Cumulative depreciation based on historical cost					-		-
						703,973		690,685
	Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in the profit and loss account. Aug 20 - £93,692 Cost Aug 21 - £282,580 Cost Aug 22 - £480,803 Cost £164,197 fair value adjustment £645,000 fair value revaluation Aug 23 - £480,803 Cost B/Fwd £23,928 Cost - Additions £504,731 Cost C/Fwd £164,197 fair value adjustment previous year (£23,928) fair value adjustment current year £140,269 Net balance on fair value adjustments £645,000 Revaluation on property at fair value 31st Aug 2023 Fair value revaluations are based on valuations provided by the director and are recognised by the director to be in line with current market conditions.
	Aug 24 - £504,731 Cost B/Fwd £284,396 Cost - Additions (£98,442) Cost - Disposals £690,685 Cost C/Fwd £140,269 fair value adjustment previous years £39,046 fair value adjustment current year £179,315 Net balance on fair value adjustments £870,000 Revaluation on property at fair value 31st Aug 2024 Fair value revaluations are based on valuations provided by the director and are recognised by the director to be in line with current market conditions.
	Aug 25 - £690,685 Cost B/Fwd £13,288 Cost - Additions £703,973 Cost C/Fwd £179,315 fair value adjustment previous years (£13,288) fair value adjustment current year £166,027 Net balance on fair value adjustments £870,000 Revaluation on property at fair value 31st Aug 2025 Fair value revaluations are based on valuations provided by the director and are recognised by the director to be in line with current market conditions.

4	Debtors					2025		2024
£							£

	Trade debtors					759		782
	Prepayments					100		100
						859		882


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					1,260		-
	Mortgages < 1 year					28,131		34,821
	EDEE1143 Ltd					136,615		134,315
	Director's account					169,856		166,488
	Accruals					1,260		1,260
	Wages Control					500		500
						337,622		337,384


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Mortgages > 1 year					406,604		402,363


7	Mortgages					2025		2024
£							£
	Creditors include:

	Secured bank loans					434,735		437,184

	Buy to let mortgages are secured on Six rental properties.


8	Revaluation reserve					2025		2024
£							£

	At 1 September 2024					145,245		113,618
	(Loss)/gain on revaluation of land and buildings					(13,288)		39,045
	Deferred taxation arising on the revaluation of land and buildings					2,525		(7,418)

	At 31 August 2025					134,482		145,245


9	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Elliot Dee
	Directors loan account	166,488		(8,076)		11,444		169,856

		166,488		(8,076)		11,444		169,856

	The director operates a current loan account with the company, which is debited with payments made by the company on behalf of the director and credited with funds introduced and undrawn director's fees. At the year end the amount outstanding to the director was £169,856 This amount being included in Creditors: amounts falling due within one year.





10	Related party transactions

	During the year the company was loaned money from EDEE1143 Ltd. At the year end the amount owed to EDEE1143 Ltd was £136,615 this amount is included in Creditors: amounts falling due within one year. Mr E Dee is sole shareholder and director of EDEE1143 Ltd.


11	Called up share capital					2025		2023
£							£
	Allotted, issued and fully paid:
		Number:		Nominal value
	Ordinary shares - Elliot Dee	100		£1		100		100
	Ordinary B shares - Ruby McCarthy	1		£1		1		1
						101		101


12	Controlling party

	The ultimate controlling party with 100 ordinary shares is Elliot Dee. His partner, Mrs Ruby McCarthy, owns 1 x Ordinary B share.


13	Other information

	Shelby 216 Ltd is a private company limited by shares and incorporated in Wales. Its registered office is:
	Ysgubor Maenderw
	Argoed Uchaf Farm
	Sunny View, Argoed
	Gwent
	NP12 0AJ