IRIS Accounts Production v24.2.0.383 05449708 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh054497082023-07-31054497082024-07-31054497082023-08-012024-07-31054497082022-07-31054497082022-08-012023-07-31054497082023-07-3105449708ns15:EnglandWales2023-08-012024-07-3105449708ns14:PoundSterling2023-08-012024-07-3105449708ns10:Director12023-08-012024-07-3105449708ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3105449708ns10:SmallEntities2023-08-012024-07-3105449708ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3105449708ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3105449708ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3105449708ns10:FullAccounts2023-08-012024-07-3105449708ns10:Director22023-08-012024-07-3105449708ns10:CompanySecretary12023-08-012024-07-3105449708ns10:RegisteredOffice2023-08-012024-07-3105449708ns5:CurrentFinancialInstruments2024-07-3105449708ns5:CurrentFinancialInstruments2023-07-3105449708ns5:Non-currentFinancialInstruments2024-07-3105449708ns5:Non-currentFinancialInstruments2023-07-3105449708ns5:ShareCapital2024-07-3105449708ns5:ShareCapital2023-07-3105449708ns5:RetainedEarningsAccumulatedLosses2024-07-3105449708ns5:RetainedEarningsAccumulatedLosses2023-07-3105449708ns5:PlantMachinery2023-08-012024-07-3105449708ns5:MotorVehicles2023-08-012024-07-3105449708ns5:ComputerEquipment2023-08-012024-07-3105449708ns5:LandBuildings2023-07-3105449708ns5:LandBuildingsns5:ShortLeaseholdAssets2023-07-3105449708ns5:PlantMachinery2023-07-3105449708ns5:LandBuildings2023-08-012024-07-3105449708ns5:LandBuildingsns5:ShortLeaseholdAssets2023-08-012024-07-3105449708ns5:LandBuildings2024-07-3105449708ns5:LandBuildingsns5:ShortLeaseholdAssets2024-07-3105449708ns5:PlantMachinery2024-07-3105449708ns5:LandBuildings2023-07-3105449708ns5:LandBuildingsns5:ShortLeaseholdAssets2023-07-3105449708ns5:PlantMachinery2023-07-3105449708ns5:MotorVehicles2023-07-3105449708ns5:ComputerEquipment2023-07-3105449708ns5:MotorVehicles2024-07-3105449708ns5:ComputerEquipment2024-07-3105449708ns5:MotorVehicles2023-07-3105449708ns5:ComputerEquipment2023-07-3105449708ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3105449708ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-31054497081ns10:Director12023-07-31054497081ns10:Director12022-07-31054497081ns10:Director12023-08-012024-07-31054497081ns10:Director12022-08-012023-07-31054497081ns10:Director12024-07-31054497081ns10:Director12023-07-3105449708ns10:Director222023-07-3105449708ns10:Director222022-07-3105449708ns10:Director222023-08-012024-07-3105449708ns10:Director222022-08-012023-07-3105449708ns10:Director222024-07-3105449708ns10:Director222023-07-31
REGISTERED NUMBER: 05449708 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

SHIRE HOMES LIMITED

SHIRE HOMES LIMITED (REGISTERED NUMBER: 05449708)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHIRE HOMES LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTORS: Mr M W Parsley
Mr R Morris





SECRETARY: Mr M W Parsley





REGISTERED OFFICE: 10 High Street
Windermere
Cumbria
LA23 1AF





REGISTERED NUMBER: 05449708 (England and Wales)





ACCOUNTANTS: MBE Accountancy Ltd
Chartered Certified Practice
10 High Street
Windermere
Cumbria
LA231AF

SHIRE HOMES LIMITED (REGISTERED NUMBER: 05449708)

BALANCE SHEET
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 298,447 217,999

CURRENT ASSETS
Stocks 336,217 366,436
Debtors 5 71,072 24,625
Cash at bank 468,744 134,247
876,033 525,308
CREDITORS
Amounts falling due within one year 6 426,222 220,584
NET CURRENT ASSETS 449,811 304,724
TOTAL ASSETS LESS CURRENT
LIABILITIES

748,258

522,723

CREDITORS
Amounts falling due after more than one year 7 (52,202 ) (44,000 )

PROVISIONS FOR LIABILITIES (37,878 ) (22,560 )
NET ASSETS 658,178 456,163

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 657,978 455,963
SHAREHOLDERS' FUNDS 658,178 456,163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SHIRE HOMES LIMITED (REGISTERED NUMBER: 05449708)

BALANCE SHEET - continued
31 July 2024


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 Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:





Mr M W Parsley - Director


SHIRE HOMES LIMITED (REGISTERED NUMBER: 05449708)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Shire Homes Limited 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SHIRE HOMES LIMITED (REGISTERED NUMBER: 05449708)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST
At 1 August 2023 86,731 11,670 117,211
Additions - - 103,985
Disposals - - -
At 31 July 2024 86,731 11,670 221,196
DEPRECIATION
At 1 August 2023 - - 41,087
Charge for year - - 11,660
Eliminated on disposal - - -
At 31 July 2024 - - 52,747
NET BOOK VALUE
At 31 July 2024 86,731 11,670 168,449
At 31 July 2023 86,731 11,670 76,124

SHIRE HOMES LIMITED (REGISTERED NUMBER: 05449708)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 98,318 2,788 316,718
Additions - 1,260 105,245
Disposals (3,000 ) - (3,000 )
At 31 July 2024 95,318 4,048 418,963
DEPRECIATION
At 1 August 2023 56,298 1,334 98,719
Charge for year 9,786 476 21,922
Eliminated on disposal (125 ) - (125 )
At 31 July 2024 65,959 1,810 120,516
NET BOOK VALUE
At 31 July 2024 29,359 2,238 298,447
At 31 July 2023 42,020 1,454 217,999

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 63,309 19,301
Other debtors 7,763 5,324
71,072 24,625

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts - 21,389
Hire purchase contracts 28,728 -
Trade creditors 159,996 91,845
Taxation and social security 176,490 80,410
Other creditors 61,008 26,940
426,222 220,584

SHIRE HOMES LIMITED (REGISTERED NUMBER: 05449708)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 32,202 -
Other creditors 20,000 44,000
52,202 44,000

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
Mr M W Parsley
Balance outstanding at start of year (64 ) (75 )
Amounts advanced 67,743 57,921
Amounts repaid (67,497 ) (57,910 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 182 (64 )

Mr R Morris
Balance outstanding at start of year (86 ) 4,169
Amounts advanced 68,657 61,555
Amounts repaid (68,497 ) (65,810 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 74 (86 )

9. ULTIMATE CONTROLLING PARTY

The controlling party is the board of directors.