Shenstone Court Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00882592

SHENSTONE COURT LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2026

SHENSTONE COURT LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2026

	2026		2025
Note	£	£	£

FIXED ASSETS

Tangible assets	5	22,265	26,578
Investments	6	2,500,000	2,500,000
		------------	------------
		2,522,265	2,526,578

CURRENT ASSETS

Debtors	7	4,556	2,457
Cash at bank and in hand		173,303	178,743
		---------	---------
		177,859	181,200

CREDITORS: amounts falling due within one year	8	65,515		77,853
		---------		---------
NET CURRENT ASSETS			112,344	103,347
			------------	------------
TOTAL ASSETS LESS CURRENT LIABILITIES			2,634,609	2,629,925

PROVISIONS	510,174	510,174
	------------	------------
NET ASSETS	2,124,435	2,119,751
	------------	------------

CAPITAL AND RESERVES

Called up share capital	9	90,000	90,000
Fair value reserve		1,858,634	1,858,634
Profit and loss account		175,801	171,117
		------------	------------
SHAREHOLDERS FUNDS		2,124,435	2,119,751
		------------	------------

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 31st March 2026 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 .

SHENSTONE COURT LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 25 June 2026 , and are signed on behalf of the board by:

Mrs K A Bradford
Director

Company registration number: 00882592

SHENSTONE COURT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

Year ended 31st March 2026

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is C/o Muras Baker Jones, Regent House, Bath Avenue, Wolverhampton, WV1 4EG.

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

(a) 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. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

(b) Property income

The gross rentals shown in the profit and loss account represent rents receivable in respect of occupancy during the year. Amounts received in respect of the sale of leaseholds where the duration of such leasehold exceeds 50 years are treated as capital receipts. The profit or loss on disposal is recognised in the profit and loss account.

(c) Corporation 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.

(d) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

(e) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	15% and 25% reducing balance
Office equipment	-	33% straight line

(f) Investment properties

Investment properties are included at open market value as determined by the directors.

(g) Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 2 (2025: 3 ).

5. TANGIBLE ASSETS

	Plant and machinery	Fixtures and fittings	Office equipment	Total
	£	£	£	£
Cost
At 1st April 2025 and 31st March 2026	456	167,245	1,168	168,869
	----	---------	-------	---------
Depreciation
At 1st April 2025	199	141,602	490	142,291
Charge for the year	64	3,860	389	4,313
	----	---------	-------	---------
At 31st March 2026	263	145,462	879	146,604
	----	---------	-------	---------
Carrying amount
At 31st March 2026	193	21,783	289	22,265
	----	---------	-------	---------
At 31st March 2025	257	25,643	678	26,578
	----	---------	-------	---------

6. INVESTMENTS

	Freehold land & buildings
	£
Valuation
At 1st April 2025 and 31st March 2026	2,500,000
	------------
Impairment
At 1st April 2025 and 31st March 2026	–
	------------

Carrying amount
At 31st March 2026	2,500,000
	------------
At 31st March 2025	2,500,000
	------------

Revaluation of investment properties, as determined by the directors, and deferred tax thereon are shown in the profit loss account. An adjustment is made between the profit and loss account and fair value reserves in order to differentiate between distributable and non-distributable reserves.

7. DEBTORS

	2026	2025
	£	£
Other debtors	4,556	2,457
	-------	-------

8. CREDITORS: amounts falling due within one year

	2026	2025
	£	£
Corporation tax	35,969	38,956
Social security and other taxes	–	490
Other creditors	29,546	38,407
	--------	--------
	65,515	77,853
	--------	--------

9. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary shares of £ 1 each	90,000	90,000	90,000	90,000
	--------	--------	--------	--------

10. CONTINGENCIES

Deposits received from tenants are held by the Deposit Protection Service. The deposits are returnable to tenants after deducting any amounts agreed with the tenants or, in default of agreement, by the Adjudicator. No liability is anticipated to rest with the company.