CLAUDE SHANNON LIMITED

Company Registration Number:
03364164 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

CLAUDE SHANNON LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

CLAUDE SHANNON LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Investments: 3 170,645 0
Total fixed assets: 170,645 0
Current assets
Debtors: 4 26,976 26,976
Cash at bank and in hand: 53,044 57,841
Total current assets: 80,020 84,817
Creditors: amounts falling due within one year:   (452,622) (248,940)
Net current assets (liabilities): (372,602) (164,123)
Total assets less current liabilities: (201,957) (164,123)
Total net assets (liabilities): (201,957) (164,123)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (201,958) (164,124)
Shareholders funds: (201,957) (164,123)

The notes form part of these financial statements

CLAUDE SHANNON LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 03 September 2024
and signed on behalf of the board by:

Name: Mr E Conway
Status: Director

The notes form part of these financial statements

CLAUDE SHANNON LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods and services supplied, net of discounts and Value Added Tax. Revenue from the sale of goods and services is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on dispatch of the goods or rendering of the services. Turnover includes the net of realised and unrealised gains and losses arising from trading in futures and other financial instruments on the major global futures, options and equity exchanges.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Plant & Machinery - 33% Straight line

Other accounting policies

3. Investment Properties All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account. 4. Financial Instruments A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. 5. Foreign Currencies Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

CLAUDE SHANNON LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 1 1

CLAUDE SHANNON LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Fixed investments

Investment Property 2024 £ Fair Value As at 1 April 2023 0 Additions 200,000 Fair value adjustments (29,355) As at 31 March 2024 170,645

CLAUDE SHANNON LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 26,976 26,976