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SHOEBILL REAL ESTATE FARNBOROUGH GP |
LIMITED |
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Financial Statements |
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for the Year Ended 31 March 2021 |
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SHOEBILL REAL ESTATE FARNBOROUGH GP |
LIMITED |
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Financial Statements |
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for the Year Ended 31 March 2021 |
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SHOEBILL REAL ESTATE FARNBOROUGH GP |
LIMITED (REGISTERED NUMBER: 09023342) |
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Contents of the Financial Statements |
for the year ended 31 March 2021 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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SHOEBILL REAL ESTATE FARNBOROUGH GP |
LIMITED |
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Company Information |
for the year ended 31 March 2021 |
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Directors: |
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Registered office: |
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Registered number: |
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SHOEBILL REAL ESTATE FARNBOROUGH GP |
LIMITED (REGISTERED NUMBER: 09023342) |
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Balance Sheet |
31 March 2021 |
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2021 | 2020 |
Notes | £ | £ | £ | £ |
Fixed assets |
Investments | 4 |
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Current assets |
Debtors | 5 |
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Creditors |
Amounts falling due within one year | 6 |
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Net current assets/(liabilities) |
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Total assets less current liabilities |
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Capital and reserves |
Called up share capital | 7 |
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Retained earnings | 8 |
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Shareholders' funds |
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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. |
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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 Board of Directors and authorised for issue on
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SHOEBILL REAL ESTATE FARNBOROUGH GP |
LIMITED (REGISTERED NUMBER: 09023342) |
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Notes to the Financial Statements |
for the year ended 31 March 2021 |
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1. | Statutory information |
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Shoebill Real Estate Farnborough GP 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. |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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The presentational currency of the financial statements is the Pound Sterling (£). |
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Amounts in the financial statements are rounded to the nearest £. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Financial instruments |
The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties. |
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(i) Financial assets |
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Basic financial assets, including other debtors and amounts due from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of future receipts discounted at a market rate of interest. |
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Such assets are subsequently carried at amortised cost using the effective interest method. |
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At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of estimated future cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the Income Statement. |
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Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. |
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(ii) Financial liabilities |
Basic financial liabilities, including trade and other creditors, accruals and loans from related parties, are initially recognised at transaction price, unless that arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. |
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Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. |
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(iii) Offsetting |
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Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
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Debtors |
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. |
SHOEBILL REAL ESTATE FARNBOROUGH GP |
LIMITED (REGISTERED NUMBER: 09023342) |
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Notes to the Financial Statements - continued |
for the year ended 31 March 2021 |
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2. | Accounting policies - continued |
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Creditors |
Short term creditors are measured at the transaction price. |
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Going concern |
These financial statements have been prepared on a going concern basis. |
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The current economic conditions, together with the COVID-19 pandemic, present increased risks for all businesses. In response to such conditions, the directors have carefully considered these risks including an assessment on uncertainty on future trading projection for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis. |
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Based on assessment, the directors consider that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations and external debt liabilities. |
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In addition, the Company's assets are assessed for recoverability on a regular basis, and the directors consider that the Company is not exposed to losses on these assets which would affect their decision to adopt the going concern basis. |
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3. | Employees and directors |
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The average number of employees during the year was NIL (2020 - NIL). |
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4. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
At 1 April 2020 |
and 31 March 2021 |
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Net book value |
At 31 March 2021 |
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At 31 March 2020 |
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The Company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Registered office: Bridewell Gate, 9 Bridewell Place, London, EC4V 6AW |
Nature of business:
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Class of shares: | holding |
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2021 | 2020 |
£ | £ |
Aggregate capital and reserves |
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5. | Debtors: amounts falling due within one year |
2021 | 2020 |
£ | £ |
Amounts owed by group undertakings |
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SHOEBILL REAL ESTATE FARNBOROUGH GP |
LIMITED (REGISTERED NUMBER: 09023342) |
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Notes to the Financial Statements - continued |
for the year ended 31 March 2021 |
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6. | Creditors: amounts falling due within one year |
2021 | 2020 |
£ | £ |
Amounts owed to group undertakings |
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Accruals and deferred income |
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7. | Called up share capital |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2021 | 2020 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
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8. | Reserves |
Retained |
earnings |
£ |
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At 1 April 2020 | ( |
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Profit for the year |
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At 31 March 2021 |
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9. | Related party disclosures |
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The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
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10. | Ultimate controlling party |
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The ultimate controlling party is
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