Company Registration No. 02223106 (England and Wales)
Shadowgrade Developments Limited
Unaudited accounts
for the year ended 30 June 2022
Shadowgrade Developments Limited
Unaudited accounts
Contents
Shadowgrade Developments Limited
Company Information
for the year ended 30 June 2022
Company Number
02223106 (England and Wales)
Registered Office
Wraysbury Hall
Ferry Lane
Staines
TW19 6HG
Accountants
Black & White Chartered Certified Accountants
2-3 Stable Court
Herriard Park
Herriard
Hampshire
RG25 2PL
Shadowgrade Developments Limited
Statement of financial position
as at
30 June 2022
Tangible assets
6,728,350
10,804,826
Cash at bank and in hand
553,839
33,477
Creditors: amounts falling due within one year
163,869
(5,206,703)
Net current assets/(liabilities)
795,094
(5,081,237)
Net assets
7,523,444
5,723,589
Called up share capital
1,000
1,000
Revaluation reserve
26,209
1,790,952
Profit and loss account
7,496,235
3,931,637
Shareholders' funds
7,523,444
5,723,589
For the year ending 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 November 2022 and were signed on its behalf by
David Winn
Director
Company Registration No. 02223106
Shadowgrade Developments Limited
Notes to the Accounts
for the year ended 30 June 2022
Shadowgrade Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 02223106. The registered office is Wraysbury Hall, Ferry Lane, Staines, TW19 6HG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Fixtures & fittings
20% Straight Line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Shadowgrade Developments Limited
Notes to the Accounts
for the year ended 30 June 2022
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2021
10,876,929
6,033
26,298
10,909,260
Additions
-
-
17,179
17,179
Disposals
(4,165,941)
-
-
(4,165,941)
At 30 June 2022
6,710,988
6,033
43,477
6,760,498
At 1 July 2021
76,929
1,207
26,298
104,434
Charge for the year
-
1,207
3,436
4,643
On disposals
(76,929)
-
-
(76,929)
At 30 June 2022
-
2,414
29,734
32,148
At 30 June 2022
6,710,988
3,619
13,743
6,728,350
At 30 June 2021
10,800,000
4,826
-
10,804,826
Amounts falling due within one year
Trade debtors
51,325
59,784
Amounts due from group undertakings etc.
11,051
32,205
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
-
3,413,914
Trade creditors
50,000
277,664
Taxes and social security
(248,695)
383,387
Accruals
34,826
1,131,738
7
Average number of employees
During the year the average number of employees was 0 (2021: 11).