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REGISTERED NUMBER: 01543070 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

SHIRE HILL QUARRIES LIMITED

SHIRE HILL QUARRIES LIMITED (REGISTERED NUMBER: 01543070)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


SHIRE HILL QUARRIES LIMITED (REGISTERED NUMBER: 01543070)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 119,303 119,849
Investments 5 1 1
119,304 119,850

CREDITORS
Amounts falling due within one year 6 69,113 67,419
NET CURRENT LIABILITIES (69,113 ) (67,419 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,191

52,431

CAPITAL AND RESERVES
Called up share capital 7 5,000 5,000
Other reserves 8 58,606 58,606
Retained earnings 8 (13,415 ) (11,175 )
SHAREHOLDERS' FUNDS 50,191 52,431

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:




A D Marchington - Director



J M Marchington - Director


SHIRE HILL QUARRIES LIMITED (REGISTERED NUMBER: 01543070)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Shire HIll Quarries Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 01543070 and its registered office is 105 Buxton Road, High Lane, Stockport, Cheshire, SK6 7DX.

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.

The presentation and functional currency is £ sterling.

Preparation of consolidated financial statements
The financial statements contain information about Shire Hill Quarries Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Marchington Group Limited, 105 Buxton Road, High Lane, Stockport, Cheshire, SK6 8DX.

Significant judgements and estimates
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.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following rates in order to write off the cost less estimated useful residual value of each asset over its estimated useful life:

Property - no charge arises
Fixtures and fittings - 15% reducing balance
Computer equipment - 20% on cost

At each balance sheet date the company reviews the carrying amount of its tangible fixed 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.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

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

SHIRE HILL QUARRIES LIMITED (REGISTERED NUMBER: 01543070)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Financial 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 company after deducting all of its liabilities.

Basic financial liabilities, including other creditors that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

SHIRE HILL QUARRIES LIMITED (REGISTERED NUMBER: 01543070)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 105,425 19,127 955 125,507
Additions 1,722 - - 1,722
At 30 April 2024 107,147 19,127 955 127,229
DEPRECIATION
At 1 May 2023 - 5,276 382 5,658
Charge for year - 2,077 191 2,268
At 30 April 2024 - 7,353 573 7,926
NET BOOK VALUE
At 30 April 2024 107,147 11,774 382 119,303
At 30 April 2023 105,425 13,851 573 119,849

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 1
NET BOOK VALUE
At 30 April 2024 1
At 30 April 2023 1

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 69,077 67,383
Other creditors 36 36
69,113 67,419

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £5 5,000 5,000

SHIRE HILL QUARRIES LIMITED (REGISTERED NUMBER: 01543070)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1 May 2023 (11,175 ) 58,606 47,431
Deficit for the year (2,240 ) (2,240 )
At 30 April 2024 (13,415 ) 58,606 45,191

Other reserves relate to the historic transfer of freehold property from another Group company.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Copping (Senior Statutory Auditor)
for and on behalf of Harold Sharp Limited

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

The company is a subsidiary of Marchington Group Limited, a company registered in England and Wales. Marchington Group Limited is the only company that prepares group accounts including the financial statements of this company. The accounts of Marchington Group Limited are available from Companies House, Crown Way, Cardiff, CF14 3UZ.