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REGISTERED NUMBER: 03972628 (England and Wales)










SHIRE TEXTILES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






SHIRE TEXTILES LIMITED (REGISTERED NUMBER: 03972628)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHIRE TEXTILES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr N S Jandu
Mr S S Jandu
Mr J S Jandu





SECRETARY: Mrs R Jandu





REGISTERED OFFICE: Unit 7, Wheler Road
Seven Stars Ind Estate
Coventry
West Midlands
CV3 4LJ





REGISTERED NUMBER: 03972628 (England and Wales)





ACCOUNTANTS: Shah & Co (Accountants) Ltd
Chartered Certified Accountants
Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB

SHIRE TEXTILES LIMITED (REGISTERED NUMBER: 03972628)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Investments 4 1,561,430 1,429,344

CURRENT ASSETS
Stocks 2,000 2,800
Debtors 5 297,242 357,576
Cash at bank 12,887,023 11,932,568
13,186,265 12,292,944
CREDITORS
Amounts falling due within one year 6 (559,608 ) (592,798 )
NET CURRENT ASSETS 12,626,657 11,700,146
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,188,087

13,129,490

PROVISIONS FOR LIABILITIES (33,022 ) -
NET ASSETS 14,155,065 13,129,490

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14,154,965 13,129,390
SHAREHOLDERS' FUNDS 14,155,065 13,129,490

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 TEXTILES LIMITED (REGISTERED NUMBER: 03972628)

BALANCE SHEET - continued
31 MAY 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 26 February 2025 and were signed on its behalf by:





Mr J S Jandu - Director


SHIRE TEXTILES LIMITED (REGISTERED NUMBER: 03972628)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Shire Textiles 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 June 2023 1,429,344
Revaluations 132,086
At 31 May 2024 1,561,430
NET BOOK VALUE
At 31 May 2024 1,561,430
At 31 May 2023 1,429,344

Cost or valuation at 31 May 2024 is represented by:

Other
investments
£   
Valuation in 2023 (70,656 )
Valuation in 2024 132,086
Cost 1,500,000
1,561,430

SHIRE TEXTILES LIMITED (REGISTERED NUMBER: 03972628)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. FIXED ASSET INVESTMENTS - continued

Fixed asset investments represents listed investments whose fair value is determined by reference to quoted price for identical assets in an active market at the balance sheet date. Fixed asset investments were valued on 31 May 2024 by Evelyn Partners Group Limited.

If fixed asset investments had not been revalued they would have been included at the historical cost of £1,500,000 (2023: £1,500,000).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 264,220 331,450
Other debtors 33,022 26,126
297,242 357,576

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 91,113 89,879
Taxation and social security 331,827 317,251
Other creditors 136,668 185,668
559,608 592,798

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date £2,668 (2023: £50,668) was owed to Mr S S Jandu and £0 (2023: £1,000) owed to Mr J S Jandu, the directors. The amounts are unsecured and interest free with no set terms for repayment.

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £219,000 (2023 - £380,000) were paid to the directors .

During the year the company entered into various transactions in the ordinary course of business with Jandu Developments Limited T/A J S Marketing, a company in which there are common directors who also have an interest:

i. The company was charged £40,000 (2023: £40,000) in respect of management and administrative services; and

ii. The company was charged £15,000 (2023: £15,000) in respect of storage charges;

At the balance sheet date the company owed £223,113 (2023: £221,402) to Jandu Developments Ltd.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S S Jandu.