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REGISTERED NUMBER: 08894513 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

SHAPES SOCIAL ENTERPRISE LTD

SHAPES SOCIAL ENTERPRISE LTD (REGISTERED NUMBER: 08894513)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SHAPES SOCIAL ENTERPRISE LTD

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTORS: S J Owen
M Buss





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 08894513 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

SHAPES SOCIAL ENTERPRISE LTD (REGISTERED NUMBER: 08894513)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Investments 4 2 145,151

CURRENT ASSETS
Debtors 5 68,065 382,783
Cash at bank and in hand 7,765 546,209
75,830 928,992
CREDITORS
Amounts falling due within one year 6 (18,602 ) (3,192 )
NET CURRENT ASSETS 57,228 925,800
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,230

1,070,951

CAPITAL AND RESERVES
Called up share capital 7 4 4
Retained earnings 57,226 1,070,947
SHAREHOLDERS' FUNDS 57,230 1,070,951

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 18 March 2024 and were signed on its behalf by:





S J Owen - Director


SHAPES SOCIAL ENTERPRISE LTD (REGISTERED NUMBER: 08894513)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Shapes Social Enterprise Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office address and business address can be found on the Company information page.

The presentational currency of the financial statements is the Pound Sterling (£).

2. ACCOUNTING POLICIES

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Financial assets, liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.

Fixed asset investments
Fixed asset investments are measured at fair value, with changes in the fair value recognised in the profit or loss account. The investments are managed by a broker who revalues the investments on a quarterly basis, including at the year-end.

Impairment
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

SHAPES SOCIAL ENTERPRISE LTD (REGISTERED NUMBER: 08894513)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

4. FIXED ASSET INVESTMENTS
Shares in
group Listed
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 April 2022 2 145,149 145,151
Disposals - (145,149 ) (145,149 )
At 31 March 2023 2 - 2
NET BOOK VALUE
At 31 March 2023 2 - 2
At 31 March 2022 2 145,149 145,151

Cost or valuation at 31 March 2023 is represented by:

Shares in
group
undertakings
£   
Cost 2

The historical cost of the shares in group undertakings is £2 (2022: £2).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed by group undertakings - 115,000
Other debtors 68,065 267,783
68,065 382,783

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed to group undertakings 7,500 -
Taxation and social security 6,249 668
Other creditors 4,853 2,524
18,602 3,192

SHAPES SOCIAL ENTERPRISE LTD (REGISTERED NUMBER: 08894513)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number: Class: Nominal 2023 2022
value: £ £
50 Ordinary A £0.04 - 2
50 Ordinary B £0.04 - 2
100 Ordinary £0.04 4 -
2 Preference £0.04 0.08 -

On 23 March 2023, 50 Ordinary A and 50 Ordinary B shares of £0.04 each were reassigned to 100 Ordinary shares of £0.04 each. 2 Preference shares of £0.04 each were also issued on 23 March 2023.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 March 2023 key management personnel owed the company £nil (2022: £201,439).

During the year interest was charged by the company at a rate of 2% totalling £7,517 (2022: £4,009).

9. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under FRS 102 from disclosing transactions between the company and its subsidiary, Triangle Consulting Social Enterprise Limited.

10. ULTIMATE CONTROLLING PARTY

Triangle Consulting Social Enterprise Corporate Trustee Limited holds 100% of the share capital in Shapes Social Enterprise Limited in its capacity as corporate trustee for the Triangle Consulting Social Enterprise Employee Ownership Trust. It does not produce consolidated accounts as there is no requirement to do so.

The ultimate controlling parties are the trustees of the Triangle Consulting Social Enterprise Employee Ownership Trust.