BrightAccountsProduction v1.0.0 v1.0.0 2023-03-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company continued to be that of a holding company. 26 November 2024 1 1 NI622788 2024-02-29 NI622788 2023-02-28 NI622788 2022-02-28 NI622788 2023-03-01 2024-02-29 NI622788 2022-03-01 2023-02-28 NI622788 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 NI622788 uk-curr:PoundSterling 2023-03-01 2024-02-29 NI622788 uk-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 NI622788 uk-bus:AbridgedAccounts 2023-03-01 2024-02-29 NI622788 uk-core:ShareCapital 2024-02-29 NI622788 uk-core:ShareCapital 2023-02-28 NI622788 uk-core:RetainedEarningsAccumulatedLosses 2024-02-29 NI622788 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 NI622788 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-02-29 NI622788 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-02-28 NI622788 uk-bus:FRS102 2023-03-01 2024-02-29 NI622788 uk-core:PlantMachinery 2023-03-01 2024-02-29 NI622788 uk-core:CostValuation 2024-02-29 NI622788 uk-core:Subsidiary1 2023-03-01 2024-02-29 NI622788 uk-core:Associate1 2023-03-01 2024-02-29 NI622788 2023-03-01 2024-02-29 NI622788 uk-bus:Director1 2023-03-01 2024-02-29 NI622788 uk-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI622788
 
 
Shazleah Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 29 February 2024
Shazleah Ltd
Company Registration Number: NI622788
ABRIDGED BALANCE SHEET
as at 29 February 2024

2024 2023
Notes £ £
 
Fixed Assets
Investments 5 800,088 800,088
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Current Assets
Debtors 406,139 406,139
Cash and cash equivalents 13,077 10,942
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419,216 417,081
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Creditors: amounts falling due within one year (52,080) (59,946)
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Net Current Assets 367,136 357,135
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Total Assets less Current Liabilities 1,167,224 1,157,223
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Capital and Reserves
Called up share capital 1 1
Retained earnings 1,167,223 1,157,222
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Equity attributable to owners of the company 1,167,224 1,157,223
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
For the financial year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 26 November 2024
           
           
________________________________          
Mr. Marcus Munnelly          
Director          
           



Shazleah Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 29 February 2024

   
1. General Information
 
Shazleah Ltd is a company limited by shares incorporated in Northern Ireland. The registered office of the company is 2 Church Street, Ballygawley, Co Tyrone, BT70 2HB, Northern Ireland.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 29 February 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Consolidated accounts
The company is entitled to the exemption in Section 399 of the Companies Act 2006 from the obligation to prepare group accounts.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 20% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Profit and Loss Account in the year in which it is receivable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 1, (2023 - 1).
 
  2024 2023
  Number Number
 
Administrative 1 1
  ═════════ ═════════
       
4. Tangible assets
  Plant and Total
  machinery  
     
  £ £
Cost
At 1 March 2023 2,680 2,680
  ───────── ─────────
 
At 29 February 2024 2,680 2,680
  ───────── ─────────
Depreciation
At 1 March 2023 2,680 2,680
  ───────── ─────────
 
At 29 February 2024 2,680 2,680
  ───────── ─────────
Net book value
At 29 February 2024 - -
  ═════════ ═════════
       
5. Investments
  Group and Total
  participating  
  interests/  
  joint ventures  
Investments £ £
Cost
 
At 29 February 2024 800,088 800,088
  ───────── ─────────
Net book value
At 29 February 2024 800,088 800,088
  ═════════ ═════════
At 28 February 2023 800,088 800,088
  ═════════ ═════════
             
5.1. Holdings in related undertakings
The company holds 20% or more of the share capital of the following companies:
 
  Country Nature   Details Proportion
  of of   of held by
Name incorporation and address of Registered Office business   investment company
 
Subsidiary undertaking
MLM Fisheries Limited Republic of Ireland Fishing   Ordinary 100%
 
 
Participating interests and
joint ventures
OCU Nettworx Ltd Northern Ireland Electrical   Ordinary 20%
 
In the opinion of the director, the value to the company of the unlisted investments is not less than the book amount shown above.
       
6. Capital commitments
 
The company had no material capital commitments at the financial year-ended 29 February 2024.
   
7. Post-Balance Sheet Events
 
On 5 March 2024 the company sold it's shareholding in OCU Nettworx Ltd.