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REGISTERED NUMBER: 05716723















Unaudited Financial Statements for the Year Ended 28 February 2023

for

SHUTTLEWORTH (UK) LIMITED

SHUTTLEWORTH (UK) LIMITED (Registered number: 05716723)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHUTTLEWORTH (UK) LIMITED

Company Information
for the Year Ended 28 February 2023







DIRECTORS: H Ridha
Mrs. A Ridha
W Ridha





SECRETARY: Mrs H Haedr Ridha





REGISTERED OFFICE: 7 MATTOCK LANE
London
W5 5BG





REGISTERED NUMBER: 05716723





ACCOUNTANTS: Cohen & Co. Accountants
DATASOFT ACCOUNTING SERVICES LTD
129 STATION ROAD
London
NW4 4NJ

SHUTTLEWORTH (UK) LIMITED (Registered number: 05716723)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 88,179,402 79,845,774

CURRENT ASSETS
Debtors 5 17,235,880 23,925,774
Cash at bank and in hand 911,470 1,160,358
18,147,350 25,086,132
CREDITORS
Amounts falling due within one year 6 1,474,018 584,163
NET CURRENT ASSETS 16,673,332 24,501,969
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,852,734

104,347,743

CREDITORS
Amounts falling due after more than one
year

7

28,766,192

28,834,612
NET ASSETS 76,086,542 75,513,131

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 54,523,679 54,523,679
Retained earnings 21,562,763 20,989,352
SHAREHOLDERS' FUNDS 76,086,542 75,513,131

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

SHUTTLEWORTH (UK) LIMITED (Registered number: 05716723)

Balance Sheet - continued
28 February 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2023 and were signed on its behalf by:





W Ridha - Director


SHUTTLEWORTH (UK) LIMITED (Registered number: 05716723)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

SHUTTLEWORTH (UK) LIMITED is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 64 (2022 - 49 ) .

SHUTTLEWORTH (UK) LIMITED (Registered number: 05716723)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022 79,735,210 471,334 80,206,544
Additions 8,348,600 8,046 8,356,646
At 28 February 2023 88,083,810 479,380 88,563,190
DEPRECIATION
At 1 March 2022 - 360,770 360,770
Charge for year - 23,018 23,018
At 28 February 2023 - 383,788 383,788
NET BOOK VALUE
At 28 February 2023 88,083,810 95,592 88,179,402
At 28 February 2022 79,735,210 110,564 79,845,774

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors (186,261 ) (114,856 )
Other debtors 17,422,141 24,040,630
17,235,880 23,925,774

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors (4,583 ) 40,713
Taxation and social security 415,612 526,092
Other creditors 1,062,989 17,358
1,474,018 584,163

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 28,766,192 28,834,612

8. RESERVES
Revaluation
reserve
£   
At 1 March 2022
and 28 February 2023 54,523,679