Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302falsetrue2023-07-01falseNo description of principal activity2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12695854 2023-07-01 2024-06-30 12695854 2022-07-01 2023-06-30 12695854 2024-06-30 12695854 2023-06-30 12695854 1 2023-07-01 2024-06-30 12695854 d:Director2 2023-07-01 2024-06-30 12695854 c:CurrentFinancialInstruments 2024-06-30 12695854 c:CurrentFinancialInstruments 2023-06-30 12695854 c:CurrentFinancialInstruments c:WithinOneYear 2024-06-30 12695854 c:CurrentFinancialInstruments c:WithinOneYear 2023-06-30 12695854 c:ShareCapital 2024-06-30 12695854 c:ShareCapital 2023-06-30 12695854 c:RetainedEarningsAccumulatedLosses 2024-06-30 12695854 c:RetainedEarningsAccumulatedLosses 2023-06-30 12695854 d:FRS102 2023-07-01 2024-06-30 12695854 d:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12695854 d:FullAccounts 2023-07-01 2024-06-30 12695854 d:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12695854 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure



Company Registration No. 12695854 (England and Wales)







SHAWPENNY LTD

UNAUDITED
FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 JUNE 2024







































 
SHAWPENNY LTD
REGISTERED NUMBER:12695854

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

  

Current assets
  

Property for development
 4 
879,460
652,658

Debtors
 5 
630,000
650,000

Cash at bank and in hand
  
29,561
623

  
1,539,021
1,303,281

Creditors
 6 
(1,006,563)
(741,945)

Net current assets
  
 
 
532,458
 
 
561,336

Total assets less current liabilities
  
532,458
561,336

  

Net assets
  
532,458
561,336


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
532,456
561,334

  
532,458
561,336


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 March 2025.



___________________________
Kieran David McCormack
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
SHAWPENNY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Shawpenny Ltd is a privated company limited by shares incorporated in England and Wales. The registered office is 40 Chamberlayne Road, London NW10 3JE. The principal activity of the company is that of property development.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Property for development

Developments in progress are stated at the lower of cost and estimated selling price less incidental costs to sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the developments to their present condition.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of inventories over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 2

 
SHAWPENNY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Property for development

2024
2023
£
£

Property for development
879,460
652,658

879,460
652,658



5.


Debtors

2024
2023
£
£


Amounts owed by related undertaking
630,000
650,000

630,000
650,000


Amounts owed by related undertaking is interest free, unsecured and repayable on demand.


6.


Creditors

2024
2023
£
£

Other loans
331,452
-

Trade creditors
7,002
2,000

Corporation tax
56,798
118,134

Other creditors
608,811
619,811

Accruals
2,500
2,000

1,006,563
741,945


Amounts owed to related undertaking is interest free, unsecured and payable on demand.
Other creditors include balance owed to directors £608,411 (2023: £559,811).


7.


Post balance sheet events

There were no events since the year end which materially affected the company.


8.


Controlling party

The ultimate controlling parties are the directors by virtue of their shareholdings.

 
Page 3