Acorah Software Products - Accounts Production 16.0.110 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 02585397 Mr Elias Zakaria Mrs Shamiram Zakaria Mrs Shamiram Zakaria true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02585397 2023-03-31 02585397 2024-03-31 02585397 2023-04-01 2024-03-31 02585397 frs-core:Non-currentFinancialInstruments 2024-03-31 02585397 frs-core:FurnitureFittings 2023-04-01 2024-03-31 02585397 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 02585397 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02585397 frs-core:MotorVehicles 2023-04-01 2024-03-31 02585397 frs-core:PlantMachinery 2023-04-01 2024-03-31 02585397 frs-core:RevaluationReserve 2023-03-31 02585397 frs-core:RevaluationReserve 2024-03-31 02585397 frs-core:ShareCapital 2024-03-31 02585397 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 02585397 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02585397 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 02585397 frs-bus:SmallEntities 2023-04-01 2024-03-31 02585397 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02585397 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02585397 1 2023-04-01 2024-03-31 02585397 frs-bus:Director1 2023-04-01 2024-03-31 02585397 frs-bus:Director2 2023-04-01 2024-03-31 02585397 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 02585397 frs-countries:EnglandWales 2023-04-01 2024-03-31 02585397 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-03-31 02585397 2022-03-31 02585397 2023-03-31 02585397 2022-04-01 2023-03-31 02585397 frs-core:Non-currentFinancialInstruments 2023-03-31 02585397 frs-core:MoreThanFiveYears 2023-03-31 02585397 frs-core:RevaluationReserve 2023-03-31 02585397 frs-core:ShareCapital 2023-03-31 02585397 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 02585397
Shield Property Services Limited
ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—6
Page 1
Abridged Balance Sheet
Registered number: 02585397
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 26,636 37,396
Investment Properties 5 7,846,977 7,748,111
7,873,613 7,785,507
CURRENT ASSETS
Debtors 6 1,707,465 1,759,681
Cash at bank and in hand 1,052,618 1,043,781
2,760,083 2,803,462
Creditors: Amounts Falling Due Within One Year (547,004 ) (509,003 )
NET CURRENT ASSETS (LIABILITIES) 2,213,079 2,294,459
TOTAL ASSETS LESS CURRENT LIABILITIES 10,086,692 10,079,966
Creditors: Amounts Falling Due After More Than One Year 7 (2,852,947 ) (2,851,950 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (10,000 ) (10,000 )
Deferred Taxation (717,590 ) (717,590 )
NET ASSETS 6,506,155 6,500,426
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 12 3,776,790 3,776,790
Profit and Loss Account 2,729,265 2,723,536
SHAREHOLDERS' FUNDS 6,506,155 6,500,426
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Elias Zakaria
Director
4 November 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Shield Property Services Limited Registered number 02585397 is a limited by shares company incorporated in England & Wales. The Registered Office is 925 Finchley Road, London, NW11 7PE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold not depreciated
Leasehold not depreciated
Plant & Machinery 25% reducing balance basis
Motor Vehicles 15% straight line basis
Fixtures & Fittings 25% reducing balance basis
2.5. Investment Properties
Investment properties should not be subject to periodic charges for depreciation on the basis set out in SSAP 12, except for properties held on lease which should be depreciated on the basis set out in SSAP 12 at least over the period when the unexpired term is 20 years or less.
Investment properties should be included in the balance sheet at their open market value.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 4 4
Sales, marketing and distribution 2 2
6 6
4. Tangible Assets
Total
£
Cost
As at 1 April 2023 63,361
As at 31 March 2024 63,361
Depreciation
As at 1 April 2023 25,965
Provided during the period 10,760
As at 31 March 2024 36,725
Net Book Value
As at 31 March 2024 26,636
As at 1 April 2023 37,396
The above include long leasehold and freehold investment properties. These were last revalued at open market valuation on 31/03/18 by the director Mr. E H Zakaria who relied upon his local knowledge and on the informal opinion of the other agents.
The historic cost of these properties is £ 3,971,321 (2022 - £3,958,520).
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 7,748,111
Additions 98,866
As at 31 March 2024 7,846,977
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6. Debtors
2024 2023
£ £
Due after more than one year
Other debtors 1,709 1,799
Amounts owed by associates 1,550,384 1,543,530
1,552,093 1,545,329
7. Creditors: amounts falling due after five years
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans - 2,851,950
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts - 2,851,950
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Other Commitments
At the end of the period the company had minimum annual lease payments under non-cancellable leases as follows:
2024 2023
£ £
Later than five years - 102,500
- 102,500
11. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 202,500 115,000
Page 5
Page 6
12. Reserves
Revaluation Reserve
£
As at 1 April 2023 3,776,790
As at 31 March 2024 3,776,790
13. Ultimate Controlling Party
The company's ultimate controlling party are the directors by virtue of their shareholding.
Page 6