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Unaudited Financial Statements for the Year Ended 30 June 2021 |
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Shadowgrade Developments Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 30 June 2021 |
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for |
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Shadowgrade Developments Limited |
Shadowgrade Developments Limited (Registered number: 02223106) |
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Contents of the Financial Statements |
for the Year Ended 30 June 2021 |
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Balance Sheet | 1 |
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Notes to the Financial Statements | 3 |
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Shadowgrade Developments Limited (Registered number: 02223106) |
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Balance Sheet |
30 June 2021 |
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2021 | 2020 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
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Current assets |
Debtors | 5 |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 6 |
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Net current liabilities | ( |
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Total assets less current liabilities |
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Capital and reserves |
Called up share capital |
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Revaluation reserve |
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Retained earnings |
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The director acknowledges his 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. |
Shadowgrade Developments Limited (Registered number: 02223106) |
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Balance Sheet - continued |
30 June 2021 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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Shadowgrade Developments Limited (Registered number: 02223106) |
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Notes to the Financial Statements |
for the Year Ended 30 June 2021 |
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1. | Statutory information |
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Shadowgrade Developments Limited is a
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Registered number: |
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Registered office: |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Individual freehold properties are carried at the fair value at the date of the revaluation less any subsequent accumulated depreciation and impairment losses. |
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Revaluation gains and losses are recognised in the statement of comprehensive income unless losses exceed the previously recognised gains, in which case the excess losses are recognised in the profit or loss account. |
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Shadowgrade Developments Limited (Registered number: 02223106) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2021 |
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2. | Accounting policies - continued |
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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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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. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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3. | Employees and directors |
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The average number of employees during the year was
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Shadowgrade Developments Limited (Registered number: 02223106) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2021 |
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4. | Tangible fixed assets |
Fixtures |
Freehold | Plant and | and |
property | machinery | fittings | Totals |
£ | £ | £ | £ |
Cost |
At 1 July 2020 |
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Additions |
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At 30 June 2021 |
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Depreciation |
At 1 July 2020 |
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Charge for year |
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At 30 June 2021 |
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Net book value |
At 30 June 2021 |
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At 30 June 2020 |
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The properties were valued in September 2014 by Vail Williams, external chartered surveyors and this forms the basis of the valuation of the properties that the director has included in these accounts, taken in to account the sale of a property in 2021. |
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If the freehold property had not been included at valuation they would have been included under the historical cost convention at £9,009,048 (2019: £9,009,048). |
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5. | Debtors: amounts falling due within one year |
2021 | 2020 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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Shadowgrade Developments Limited (Registered number: 02223106) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2021 |
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6. | Creditors: amounts falling due within one year |
2021 | 2020 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Social security and other taxes |
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Accruals and deferred income |
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7. | Secured debts |
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The following secured debts are included within creditors: |
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2021 | 2020 |
£ | £ |
Bank loans |
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The bank loans are secured against the company's freehold property. |
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8. | Ultimate controlling party |
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The ultimate controlling party is
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