Re: Shelby Companies Ltd - Accounts of a small company
Here is a **detailed summary** of the financial and operational highlights for **Shelby Companies Limited** for the period from **12 April 2023 to 30 April 2024**, including information on **interest income** and related financial activities:
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### ???? **Company Overview**
- **Name**: Shelby Companies Limited
- **Incorporated**: 12 April 2023
- **Registered Number**: 14793836 (England and Wales)
- **Nature of Business**: Investment holding company managing equity and debt instruments.
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### ???? **Directors and Secretary**
- **Directors**: T. Wagner, A. Shannahan
- **Secretary**: L. Torrado
- **Registered Office**: Squire Patton Boggs (UK) LLP, Birmingham
---
### ???? **Financial Summary (as of 30 April 2024)**
#### Assets
- **Non-current assets**: £67.68 million
- Investment property: £20 million
- Equity investment: £10 million
- Loan receivable: £37.68 million
- **Current assets**: £6.58 million
- Cash and cash equivalents: £1.18 million
- Accrued interest receivable: £367,571
- Debtors: £5.03 million (includes £5M in escrow)
#### Liabilities
- **Current liabilities**: Not itemized, but implied to be minimal or zero
#### Equity
- **Called-up share capital**: £79.41 million
- **Profit and Loss Account**: £(5.15) million (loss)
- **Net assets / Shareholders’ funds**: £74.26 million
---
### ???? **Profit and Loss Account**
- **Interest income**: £1,919,132
- **Other income**: £238
- **Foreign exchange loss**: £(3,467)
- **Total revenue**: £1,915,903
#### Operating Expenses
- Consulting: £1,800,345
- Legal: £478,411
- Other: £1,791,731
- **Total operating expenses**: £7,062,154
- **Net loss for the period**: £(5,146,251)
---
### ???? **Interest Income Details**
- **Interest income earned**: £1,919,132 (from loans and similar instruments)
- **Accrued interest receivable**: £367,571 (expected within 12 months)
- **Interest is recognized using**: Effective interest method
> ???? **Note**: There is no mention of **interest paid** by the company, suggesting it did not incur interest-bearing liabilities during the period.
---
### ???? **Capital and Share Structure**
- Initially issued 1 ordinary share; later increased to 10,000 shares
- Re-designated into:
- 9,670 A ordinary shares (voting)
- 330 B ordinary shares (non-voting)
- Post-period restructuring (August 2024):
- A shares split into A1 and A2
- New classes introduced: C and D ordinary shares
- Large-scale share allotments authorized and partially issued
---
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---
### ???? **Company Overview**
- **Name**: Shelby Companies Limited
- **Incorporated**: 12 April 2023
- **Registered Number**: 14793836 (England and Wales)
- **Nature of Business**: Investment holding company managing equity and debt instruments.
---
### ???? **Directors and Secretary**
- **Directors**: T. Wagner, A. Shannahan
- **Secretary**: L. Torrado
- **Registered Office**: Squire Patton Boggs (UK) LLP, Birmingham
---
### ???? **Financial Summary (as of 30 April 2024)**
#### Assets
- **Non-current assets**: £67.68 million
- Investment property: £20 million
- Equity investment: £10 million
- Loan receivable: £37.68 million
- **Current assets**: £6.58 million
- Cash and cash equivalents: £1.18 million
- Accrued interest receivable: £367,571
- Debtors: £5.03 million (includes £5M in escrow)
#### Liabilities
- **Current liabilities**: Not itemized, but implied to be minimal or zero
#### Equity
- **Called-up share capital**: £79.41 million
- **Profit and Loss Account**: £(5.15) million (loss)
- **Net assets / Shareholders’ funds**: £74.26 million
---
### ???? **Profit and Loss Account**
- **Interest income**: £1,919,132
- **Other income**: £238
- **Foreign exchange loss**: £(3,467)
- **Total revenue**: £1,915,903
#### Operating Expenses
- Consulting: £1,800,345
- Legal: £478,411
- Other: £1,791,731
- **Total operating expenses**: £7,062,154
- **Net loss for the period**: £(5,146,251)
---
### ???? **Interest Income Details**
- **Interest income earned**: £1,919,132 (from loans and similar instruments)
- **Accrued interest receivable**: £367,571 (expected within 12 months)
- **Interest is recognized using**: Effective interest method
> ???? **Note**: There is no mention of **interest paid** by the company, suggesting it did not incur interest-bearing liabilities during the period.
---
### ???? **Capital and Share Structure**
- Initially issued 1 ordinary share; later increased to 10,000 shares
- Re-designated into:
- 9,670 A ordinary shares (voting)
- 330 B ordinary shares (non-voting)
- Post-period restructuring (August 2024):
- A shares split into A1 and A2
- New classes introduced: C and D ordinary shares
- Large-scale share allotments authorized and partially issued
---
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