Shana Consultants Limited - Accounts to registrar (filleted) - small 18.2
Shana Consultants Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Shana Consultants Limited |
| Unaudited Financial Statements |
| for the Year Ended 31 October 2021 |
| Shana Consultants Limited (Registered number: 02712003) |
| Contents of the Financial Statements |
| for the Year Ended 31 October 2021 |
| Page |
| Company information | 1 |
| Balance sheet | 2 |
| Notes to the financial statements | 4 |
| Shana Consultants Limited |
| Company Information |
| for the Year Ended 31 October 2021 |
| Directors: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Accountants |
| Mynshull House |
| 78 Churchgate |
| Stockport |
| Cheshire |
| SK1 1YJ |
| Shana Consultants Limited (Registered number: 02712003) |
| Balance Sheet |
| 31 October 2021 |
| 31.10.21 | 31.10.20 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Investment property | 5 |
| Current assets |
| Debtors | 6 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current assets |
| Total assets less current liabilities |
| Provisions for liabilities |
| Net assets |
| Capital and reserves |
| Called up share capital |
| Fair value reserve | 8 |
| Retained earnings |
| Shareholders' funds |
| 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. |
| Shana Consultants Limited (Registered number: 02712003) |
| Balance Sheet - continued |
| 31 October 2021 |
| In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Shana Consultants Limited (Registered number: 02712003) |
| Notes to the Financial Statements |
| for the Year Ended 31 October 2021 |
| 1. | Statutory information |
| Shana Consultants Limited is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Investment property |
| Investment properties are initially measured at cost and subsequently measured at fair value. Changes in fair value are recognised in profit or loss. |
| The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102. The directors consider that, because investment properties are not held for consumption, but for their investment potential, to depreciate them would not give a true and fair view. |
| If this departure from the Companies Act 2006 had not been made in order to give a true and fair view, the profit for the financial year would have been reduced by depreciation. However the amount of depreciation cannot reasonably be quantified, because depreciation is only one of many factors reflected in the annual valuation and the amount relating to the depreciation of the property cannot be separately identified. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| Shana Consultants Limited (Registered number: 02712003) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2021 |
| 4. | Tangible fixed assets |
| Plant and |
| machinery |
| etc |
| £ |
| Cost |
| At 1 November 2020 |
| Additions |
| Disposals | ( |
) |
| At 31 October 2021 |
| Depreciation |
| At 1 November 2020 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 October 2021 |
| Net book value |
| At 31 October 2021 |
| At 31 October 2020 |
| 5. | Investment property |
| Total |
| £ |
| Fair value |
| At 1 November 2020 |
| Valuation changes | 140,000 |
| At 31 October 2021 |
| Net book value |
| At 31 October 2021 |
| At 31 October 2020 |
| Fair value at 31 October 2021 is represented by: |
| £ |
| Valuation in 2021 | 490,000 |
| Shana Consultants Limited (Registered number: 02712003) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2021 |
| 5. | Investment property - continued |
| If the investment properties had not been revalued they would have been included at the following historical cost: |
| 31.10.21 | 31.10.20 |
| £ | £ |
| Cost | 209,813 | 209,813 |
| The investment properties were valued on an open market basis on 31 October 2020 by the directors . |
| 6. | Debtors: amounts falling due within one year |
| 31.10.21 | 31.10.20 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | Creditors: amounts falling due within one year |
| 31.10.21 | 31.10.20 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 8. | Reserves |
| Fair |
| value |
| reserve |
| £ |
| At 1 November 2020 |
| Transfer from retained earnings | 113,400 |
| At 31 October 2021 |