Shankley Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 04222728 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2022

for

Shankley Limited

Page

Balance Sheet

1

FIXED ASSETS

164,347

-

CURRENT ASSETS

7,639

2

CREDITORS

Amounts falling due within one year

(38,016

)

-

NET CURRENT (LIABILITIES)/ASSETS

(30,377

)

2

TOTAL ASSETS LESS CURRENT LIABILITIES

133,970

2

CREDITORS

Amounts falling due after more than one year

140,000

-

NET (LIABILITIES)/ASSETS

(6,030

)

2

CAPITAL AND RESERVES

(6,030

)

2

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

Shankley Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04222728

Registered office:

Stramongate House

53 Stramongate

Kendal

Cumbria

LA9 4BH

2.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 2 (2021 - NIL ) .

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2022 and 28 February 2021:

2022

2021

£

£

DM Shankley FCA

Balance outstanding at start of year

-

-

Amounts repaid

(85,500

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(85,500

)

-

Mrs K M Shankley BA (Hons)

Balance outstanding at start of year

-

-

Amounts repaid

(85,500

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(85,500

)

-

1. Director's loans to the company

The maximum amounts outstanding during the year, being owed to the directors by the company were:-

DM Shankley

Due < 1 Year £ 15,500 (2021: £ Nil)

Due > 1 Year £ 70,000 (2021: £ Nil)

Mrs KM Shankley

Due < 1 Year £ 15,500 (2021: £ Nil)

Due > 1 Year £ 70,000 (2021: £ Nil)

There are no formal terms for repayment, other than the loans being repayable on demand.

These loans attract interest @ 3.00% & 5.00%.

These balances are included in Other Creditors due within & after more than one year.

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2022 and were signed on its behalf by:

DM Shankley FCA - Director

Mrs K M Shankley BA (Hons) - Director