REGISTERED NUMBER: 04490802 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

SHELLBOURNE PROPERTIES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTORS:

Mr J Sharpe

Mrs J P Sharpe

A J Sharpe

SECRETARY:

Mr J Sharpe

REGISTERED OFFICE:

10 The Crescent

Adel

Leeds

LS16 6AA

REGISTERED NUMBER:

04490802 (England and Wales)

ACCOUNTANTS:

D & J Randles

10 The Crescent

Adel

Leeds

West Yorkshire

LS16 6AA

FIXED ASSETS

Tangible assets

4

529

666

Investment property

5

963,297

963,297

963,826

963,963

CURRENT ASSETS

Cash at bank

7,249

4,826

CREDITORS

Amounts falling due within one year

540,562

544,453

NET CURRENT LIABILITIES

(533,313

)

(539,627

)

TOTAL ASSETS LESS CURRENT LIABILITIES

430,513

424,336

CREDITORS

Amounts falling due after more than one year

-

(11,295

)

PROVISIONS FOR LIABILITIES

(7,600

)

(7,600

)

NET ASSETS

422,913

405,441

CAPITAL AND RESERVES

Called up share capital

8,000

8,000

Retained earnings

414,913

397,441

422,913

405,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 August 2026 and were signed on its behalf by:

Mr J Sharpe - Director

1.	STATUTORY INFORMATION

Shellbourne 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Although current liabilities exceed current assets at the Balance Sheet date, the accounts have been prepared on a going concern basis because in the opinion of the directors, the company will have sufficient finance to enable it to continue trading for the foreseeable future.

Turnover

Turnover represents rents received in respect of the company's investment properties and is shown exclusive of value added tax.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2024

and 30 November 2025

2,326

DEPRECIATION

At 1 December 2024

1,660

Charge for year

137

At 30 November 2025

1,797

NET BOOK VALUE

At 30 November 2025

529

At 30 November 2024

666

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

and 30 November 2025

963,297

NET BOOK VALUE

At 30 November 2025

963,297

At 30 November 2024

963,297

Fair value at 30 November 2025 is represented by:

£

Valuation in 2020

60,000

Cost

903,297

963,297

If investment property had not been revalued it would have been included at the following historical cost:

30.11.25

30.11.24

£

£

Cost

903,297

903,297

Investment property was valued on an open market basis on 30 November 2020 by the directors .

The directors consider that the market value of the company's investment property at the year end is not materially different from the previous valuation.

6.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

£

Bank loans

-

15,954

Bank borrowing is secured by a fixed and floating charge.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Shellbourne Properties Limited for the year ended 30 November 2025 which comprise the Profit and Loss Account, Abridged Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Shellbourne Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Shellbourne Properties Limited and state those matters that we have agreed to state to the Board of Directors of Shellbourne Properties Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Shellbourne Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Shellbourne Properties Limited. You consider that Shellbourne Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Shellbourne Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

D & J Randles

10 The Crescent

Adel

Leeds

West Yorkshire

LS16 6AA

24 August 2026