0 false false false false false false false false false true false false false false false false No description of principal activity 2023-02-01 Sage Accounts Production Advanced 2021 - FRS102_2021 1,077,000 276,030 259,046 13,971 1,107,955 1,107,955 1,077,000 xbrli:pure xbrli:shares iso4217:GBP 5046023 2023-02-01 2024-01-31 5046023 2024-01-31 5046023 2022-02-01 2023-01-31 5046023 2023-01-31 5046023 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 5046023 bus:Director1 2023-02-01 2024-01-31 5046023 core:WithinOneYear 2024-01-31 5046023 core:WithinOneYear 2023-01-31 5046023 core:LandBuildings core:OwnedOrFreeholdAssets 2024-01-31 5046023 core:LandBuildings core:LongLeaseholdAssets 2024-01-31 5046023 core:ShareCapital 2024-01-31 5046023 core:ShareCapital 2023-01-31 5046023 core:RetainedEarningsAccumulatedLosses 2024-01-31 5046023 core:RetainedEarningsAccumulatedLosses 2023-01-31 5046023 core:CostValuation core:Non-currentFinancialInstruments 2023-01-31 5046023 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-01-31 5046023 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2024-01-31 5046023 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-01-31 5046023 core:CostValuation core:Non-currentFinancialInstruments 2024-01-31 5046023 core:Non-currentFinancialInstruments 2024-01-31 5046023 core:Non-currentFinancialInstruments 2023-01-31 5046023 core:LandBuildings core:OwnedOrFreeholdAssets 2023-01-31 5046023 core:LandBuildings core:LongLeaseholdAssets 2023-01-31 5046023 bus:SmallEntities 2023-02-01 2024-01-31 5046023 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 5046023 bus:FullAccounts 2023-02-01 2024-01-31 5046023 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 5046023 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 5046023 bus:OrdinaryShareClass1 2024-01-31 5046023 bus:OrdinaryShareClass1 2023-01-31 5046023 core:FairValueMovementsOnFinancialInstrumentsDeferredTax 2024-01-31 5046023 core:FairValueMovementsOnFinancialInstrumentsDeferredTax 2023-01-31
COMPANY REGISTRATION NUMBER: 5046023
SHAW & RHODES HOLDINGS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 January 2024
SHAW & RHODES HOLDINGS LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2024
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 5
SHAW & RHODES HOLDINGS LIMITED
BALANCE SHEET
31 January 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
3,163,441
3,163,441
Investments
5
1,107,955
1,077,000
------------
------------
4,271,396
4,240,441
Current assets
Debtors
6
17,609
35,109
Cash at bank and in hand
828,942
843,091
------------
------------
846,551
878,200
Creditors: amounts falling due within one year
7
( 420,624)
( 425,432)
------------
------------
Net current assets
425,927
452,768
------------
------------
Total assets less current liabilities
4,697,323
4,693,209
Provisions
( 23,858)
( 23,246)
------------
------------
Net assets
4,673,465
4,669,963
------------
------------
Capital and reserves
Called up share capital
9
3,601
3,601
Profit and loss account
4,669,864
4,666,362
------------
------------
Shareholders funds
4,673,465
4,669,963
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 23 October 2024 , and are signed on behalf of the board by:
J H Rhodes
Director
Company registration number: 5046023
SHAW & RHODES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2024
1. General information
The company is a private company limited by shares, registration number 5046023 and registered in England and Wales. The address of the registered office is Victoria Buildings, Albert Street, Lockwood, Huddersfield, HD1 3PR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity and rounded to the nearest pound.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises the value of rental income receivable excluding value added tax. Income is also received from the recharge of other costs. Interest and dividends are received on investments. All income is recognised when entitlement has occurred.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. FRS102 requires that deferred tax is recognised on potential investment property gains/losses measured at fair value. As the investments properties are not included in the balance sheet at fair value no deferred tax has been recognised on such potential gains/losses. The director acknowledges that this treatment is not in compliance with FRS102.
Investment properties
FRS 102 requires properties held for investment to be included in the Balance Sheet at their fair value in accordance with section 16 of FRS102. The director considers that to comply with this requirement annually would involve unjustifiable expense with no benefit to the users of the financial statements. The investment properties are therefore continuing to be stated at cost. The director acknowledges that this treatment is not in compliance with FRS 102.
Investments
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Tangible assets
Freehold property
Leasehold property
Total
£
£
£
Cost
At 1 February 2023 and 31 January 2024
2,998,560
164,881
3,163,441
------------
------------
------------
Depreciation
At 1 February 2023 and 31 January 2024
------------
------------
------------
Carrying amount
At 31 January 2024
2,998,560
164,881
3,163,441
------------
------------
------------
At 31 January 2023
2,998,560
164,881
3,163,441
------------
------------
------------
5. Investments
Other investments other than loans
£
Cost
At 1 February 2023
1,077,000
Additions
276,030
Disposals
( 259,046)
Revaluations
13,971
------------
At 31 January 2024
1,107,955
------------
Impairment
At 1 February 2023 and 31 January 2024
------------
Carrying amount
At 31 January 2024
1,107,955
------------
At 31 January 2023
1,077,000
------------
6. Debtors
2024
2023
£
£
Trade debtors
7,168
24,702
Prepayments and accrued income
10,441
10,407
------------
------------
17,609
35,109
------------
------------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
43,091
18,709
Accruals and deferred income
18,039
17,859
Corporation tax
42,963
23,765
VAT
2,273
2,351
Directors' loan account
132,889
152,323
Other creditors
181,369
210,425
------------
------------
420,624
425,432
------------
------------
8. Deferred tax
The deferred tax included in the balance sheet is as follows:
2024
2023
£
£
Included in provisions
23,858
23,246
------------
------------
The deferred tax account consists of the tax effect of timing differences in respect of:
2024
2023
£
£
Fair value adjustment of financial assets
23,858
23,246
------------
------------
9. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
3,601
3,601
3,601
3,601
------------
------------
------------
------------
10. Related party transactions
Amounts due to the directors' at the year end were £132,889 (2023: £152,323). These loans are unsecured, interest free and repayable on demand. The parent company is Rhodes & Shaw Holdings Limited, a company registered in England & Wales. The company is controlled by J H Rhodes .