Registered number |
Balance Sheet | |||||||
as at |
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Notes | 2024 | 2023 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 4 | ||||||
Investment | 5 | ||||||
Current assets | |||||||
Debtors | 6 | ||||||
Cash at bank | |||||||
Creditors: amounts falling due within one year | 7 | ( |
( |
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Net current liabilities | ( |
( |
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Net assets | |||||||
Capital and reserves | |||||||
Called up share capital | |||||||
Share premium | |||||||
Revaluation reserve | |||||||
Profit and loss account | |||||||
Shareholder's funds | |||||||
Approved by the board of directors on |
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Christopher John Shaw | Martin Peters | ||||||
Director | Director | ||||||
Notes to the Unaudited Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Turnover | ||||||||
Tangible fixed assets | ||||||||
Office equipment | 25% reducing balance | |||||||
Motor vehicles | 20% reducing balance | |||||||
Long leasehold properties | Periodic re-valuations | |||||||
Investments | ||||||||
Work in progress | ||||||||
Debtors | ||||||||
Creditors | ||||||||
Taxation | ||||||||
2 | Taxation | 2024 | 2023 | |||||
£ | £ | |||||||
Analysis | ||||||||
Current tax: | ||||||||
UK corporation tax recoverable on losses. | 0 | (30,906) | ||||||
Deferred tax: | ||||||||
Origination and reversal of timing differences | 0 | (6,050) | ||||||
Prior year adjustment | 0 | (103) | ||||||
0 | (37,059) | |||||||
3 | Employees | 2024 | 2023 | |||||
Number | Number | |||||||
4 | Average number of persons employed (including Directors) | |||||||
5 | Tangible fixed assets | |||||||
Long leasehold property | Furniture, fittings and equipment | Motor vehicles | Total | |||||
£ | £ | £ | £ | |||||
Cost and revaluation | ||||||||
At 1 April 2023 | - | |||||||
Additions | - | |||||||
At 31 March 2024 | ||||||||
Depreciation | ||||||||
At 1 April 2023 | - | - | ||||||
Charge for the year | - | |||||||
At 31 March 2024 | - | |||||||
Net book value | ||||||||
At 31 March 2024 | ||||||||
At 31 March 2023 | - | |||||||
The Company holds two long leasehold properties. The first long leasehold property is held at the professional valuation made for the purpose of, and close to the time of, the acquisition in October 2019. The Company, as Chartered Surveyors, have reviewed the valuation and concluded that there has been no impairment of the £6,250,000 valuation as at 31 March 2024 or at the time of approval of these accounts. The Directors will in due course consider whether an updated professional valuation is required for the Balance Sheet at 31 March 2025. The second leasehold property purchased during the year to 31 March 2022 is held at cost and Directors consider no impairment has arisen. |
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5 | Investment in subsidiary undertaling | |||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Cost | ||||||||
Share in Shaw (CMN) Ltd | 1 | |||||||
Loan to Shaw (CMN) Ltd | 1,315,002 | |||||||
At 31 March 2024 | 1,315,003 | |||||||
The company owns 100% of the ordinary share capital of Shaw (CMN) Limited, a company incorporated in England and Wales, Company no: 14073424. | ||||||||
Consolidated accounts have not been prepared as the Directors consider they would be of limited value to the Directors or Member. Set out below are summarised Balance Sheets of the Subsidiary extracted from its unaudited accountsfor the year ended 31 March 2024. | ||||||||
Shaw(CMN) Limited | ||||||||
2024 | 2023 | |||||||
Balance sheet | £ | £ | ||||||
Property in course of development | 1,401,720 | 1,301,043 | ||||||
Debtors | 13,552 | 13,961 | ||||||
Loan from Shaw Corporation Limited | (1,415,271) | (1,315,003) | ||||||
Net assets | 1 | 1 | ||||||
Capital and reserves | ||||||||
Called up share capital | 1 | 1 | ||||||
Shareholder's funds | 1 | 1 | ||||||
6 | Debtors | 2024 | 2023 | |||||
£ | £ | |||||||
Trade debtors | ||||||||
Other debtors and prepayments | ||||||||
Corporation tax refund | - | 30,906 | ||||||
7 | Creditors: amounts falling due within one year | 2024 | 2023 | |||||
£ | £ | |||||||
Trade creditors | ||||||||
Loan from related party | ||||||||
Taxation and social security costs | ||||||||
6 | Other creditors and accruals | |||||||
8 | Revaluation reserve | 2024 | 2023 | |||||
£ | £ | |||||||
At 1 April 2023 | ||||||||
7 | ||||||||
At 31 March 2024 | ||||||||
9 | Capital commitments | |||||||
8 | ||||||||
10 | Related party transactions | |||||||
9 | ||||||||
During the year, the £1,000,000 unsecured loan from Regent Enterprises Limited at an interest rtae of 10% pa was repaid on 28 March 2024,a replacement and enhanced unsecured loan of £1,400,000 was taken on 28 March 2024 from Shaw Corporation (Gibraltar) Limited at an interest rate of 8.75% pa, repayable within 12 months. Interest on the first loan of £1,000,000 amounting to £114,799 and interest on the second loan of £1,400,000 amounting to £1,370 was outstanding at 31 March 2024. |
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11 | Controlling party | |||||||
10 | ||||||||
12 | Other information | |||||||
Shaw Corporation Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is: | ||||||||
42 Langham Street | ||||||||
London | ||||||||
W1W 7AT |