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REGISTERED NUMBER: 09267278 (England and Wales)















SHAW CALLAGHAN LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






SHAW CALLAGHAN LTD (REGISTERED NUMBER: 09267278)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


SHAW CALLAGHAN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: A P Shaw





REGISTERED OFFICE: The Stanley Building
7 Pancras Square
London
N1C 4AG





REGISTERED NUMBER: 09267278 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

SHAW CALLAGHAN LTD (REGISTERED NUMBER: 09267278)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 100,590 -
Property, plant and equipment 5 5,835 1,751
Investments 6 130,049 130,049
236,474 131,800

CURRENT ASSETS
Debtors 7 1,196,210 865,099
Cash at bank 4,032 60,899
1,200,242 925,998
CREDITORS
Amounts falling due within one year 8 7,521,936 5,987,349
NET CURRENT LIABILITIES (6,321,694 ) (5,061,351 )
TOTAL ASSETS LESS CURRENT LIABILITIES (6,085,220 ) (4,929,551 )

CREDITORS
Amounts falling due after more than one year 9 22,228 31,921
NET LIABILITIES (6,107,448 ) (4,961,472 )

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings (6,108,448 ) (4,962,472 )
SHAREHOLDERS' FUNDS (6,107,448 ) (4,961,472 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 25 October 2024 and were signed by:




A P Shaw - Director


SHAW CALLAGHAN LTD (REGISTERED NUMBER: 09267278)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Shaw Callaghan Ltd is a private company, limited by shares , registered in England and Wales. 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Going concern
At 31 October 2023 the company had net liabilities of £6,107,448. The directors have sought assurances from creditors, principally in relation to amounts owed to directors and related parties, that these amounts shall only be repaid once sufficient cash is available. On that basis the directors believe the accounts should be drawn up on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 7 ) .

SHAW CALLAGHAN LTD (REGISTERED NUMBER: 09267278)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 125,737
At 31 October 2023 125,737
AMORTISATION
Charge for year 25,147
At 31 October 2023 25,147
NET BOOK VALUE
At 31 October 2023 100,590

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 November 2022 29,134
Additions 5,454
At 31 October 2023 34,588
DEPRECIATION
At 1 November 2022 27,383
Charge for year 1,370
At 31 October 2023 28,753
NET BOOK VALUE
At 31 October 2023 5,835
At 31 October 2022 1,751

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2022
and 31 October 2023 130,049
NET BOOK VALUE
At 31 October 2023 130,049
At 31 October 2022 130,049

SHAW CALLAGHAN LTD (REGISTERED NUMBER: 09267278)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,005 10,751
Other debtors 1,188,205 854,348
1,196,210 865,099

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,080 10,080
Trade creditors 63,777 18,429
Taxation and social security 49,750 134,145
Other creditors 7,398,329 5,824,695
7,521,936 5,987,349

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 22,228 31,921

10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
805 Ordinary A £1 805 805
195 Ordinary B £1 195 195
1,000 1,000