| Shires Properties Limited |
| Registered number: |
04124431 |
| Balance Sheet |
| as at 31 December 2018 |
|
| Notes |
|
|
2018 |
|
|
2017 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
203 |
|
|
192 |
| Investments |
3 |
|
|
128,496 |
|
|
128,496 |
|
|
|
|
128,699 |
|
|
128,688 |
|
| Current assets |
| Debtors |
4 |
|
859,130 |
|
|
187,793 |
| Cash at bank and in hand |
|
|
20,670 |
|
|
48,153 |
|
|
|
879,800 |
|
|
235,946 |
|
| Creditors: amounts falling due within one year |
5 |
|
(1,028,813) |
|
|
(357,525) |
|
| Net current liabilities |
|
|
|
(149,013) |
|
|
(121,579) |
|
| Net (liabilities)/assets |
|
|
|
(20,314) |
|
|
7,109 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
(20,316) |
|
|
7,107 |
|
| Shareholders' funds |
|
|
|
(20,314) |
|
|
7,109 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| David W Holloway |
Carolyn B Holloway |
| Director |
Director |
| Approved by the board on 22 August 2019 |
|
| Shires Properties Limited |
| Notes to the Accounts |
| for the year ended 31 December 2018 |
|
|
| 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 measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. |
|
|
Investments |
|
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
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. |
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 January 2018 |
1,982 |
|
Additions |
80 |
|
At 31 December 2018 |
2,062 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2018 |
1,790 |
|
Charge for the year |
69 |
|
At 31 December 2018 |
1,859 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2018 |
203 |
|
At 31 December 2017 |
192 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 January 2018 |
128,496 |
|
|
At 31 December 2018 |
128,496 |
|
|
| 4 |
Debtors |
2018 |
|
2017 |
| £ |
£ |
|
|
Other debtors |
859,130 |
|
187,793 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Trade creditors |
720 |
|
4,311 |
|
Taxation and social security costs |
5,851 |
|
86 |
|
Directors' account |
911,939 |
|
311,021 |
|
Other creditors |
110,303 |
|
42,107 |
|
|
|
|
|
|
1,028,813 |
|
357,525 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Going concern |
|
|
The financial statements have been prepared on the basis that the company is a going concern and that the directors will continue to support the company. |
|
|
| 7 |
Other information |
|
|
Shires Properties Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
High Coley Cottage |
|
Coley Lane |
|
Little Haywood |
|
Staffordshire |
|
ST18 0XB |
