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REGISTERED NUMBER: 08484853 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

SHIELD ASSET MANAGEMENT LIMITED

SHIELD ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 08484853)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SHIELD ASSET MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: S Shield
H C Shield





REGISTERED OFFICE: The Mill House
Bishops Hall Lane
Chelmsford
Essex
CM1 1LG





REGISTERED NUMBER: 08484853 (England and Wales)





ACCOUNTANTS: Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

SHIELD ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 08484853)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 600,000 600,000

CURRENT ASSETS
Debtors 5 17,718 18,900
Cash at bank 878,230 872,161
895,948 891,061
CREDITORS
Amounts falling due within one year 6 1,449,610 1,412,573
NET CURRENT LIABILITIES (553,662 ) (521,512 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,338

78,488

PROVISIONS FOR LIABILITIES 15,600 15,600
NET ASSETS 30,738 62,888

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 66,551 66,551
Retained earnings (35,913 ) (3,763 )
SHAREHOLDERS' FUNDS 30,738 62,888

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 23 January 2025 and were signed on its behalf by:





H C Shield - Director


SHIELD ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 08484853)

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

1. STATUTORY INFORMATION

Shield Asset Management 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 as modified by the revaluation of certain assets.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 600,000
NET BOOK VALUE
At 30 April 2024 600,000
At 30 April 2023 600,000

SHIELD ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 08484853)

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

4. INVESTMENT PROPERTY - continued

A deferred tax provision of £15,600 (2023 - £15,600) has been provided against the revalued amount shown in the revaluation reserve.

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2016 82,151
Cost 517,849
600,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,333 18,900
Other debtors 11,385 -
17,718 18,900

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 957 5,995
Taxation and social security 14,183 9,249
Other creditors 1,434,470 1,397,329
1,449,610 1,412,573

7. RESERVES
Fair
value
reserve
£   
At 1 May 2023
and 30 April 2024 66,551