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REGISTERED NUMBER: 04547978 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

SHIELD COMMUNICATIONS LIMITED

SHIELD COMMUNICATIONS LIMITED (REGISTERED NUMBER: 04547978)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SHIELD COMMUNICATIONS LIMITED

Company Information
for the year ended 30 September 2024







DIRECTOR: D. Karamani





REGISTERED OFFICE: Global House
303 Ballards Lane
London
N12 8NP





REGISTERED NUMBER: 04547978 (England and Wales)





ACCOUNTANTS: K J Pittalis and Partners LLP
Chartered Certified Accountants
Global House
303 Ballards Lane
London
N12 8NP

SHIELD COMMUNICATIONS LIMITED (REGISTERED NUMBER: 04547978)

Statement of Financial Position
30 September 2024

30/9/24 30/9/23
Notes £    £   
FIXED ASSETS
Tangible assets 5 16,727 20,908
Investment property 6 3,000,000 2,864,737
3,016,727 2,885,645

CURRENT ASSETS
Debtors 7 5,476 8,403
Cash at bank 45,945 56,981
51,421 65,384
CREDITORS
Amounts falling due within one year 8 (72,116 ) (92,282 )
NET CURRENT LIABILITIES (20,695 ) (26,898 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,996,032

2,858,747

CREDITORS
Amounts falling due after more than one
year

9

(260,450

)

(287,129

)

PROVISIONS FOR LIABILITIES 10 (528,752 ) (503,024 )
NET ASSETS 2,206,830 2,068,594

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Other reserves 1,573,710 1,493,391
Retained earnings 632,120 574,203
SHAREHOLDERS' FUNDS 2,206,830 2,068,594

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SHIELD COMMUNICATIONS LIMITED (REGISTERED NUMBER: 04547978)

Statement of Financial Position - continued
30 September 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 director and authorised for issue on 10 April 2025 and were signed by:





D. Karamani - Director


SHIELD COMMUNICATIONS LIMITED (REGISTERED NUMBER: 04547978)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Shield Communications 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover comprises revenue recognised by the company in respect of rents received during the year. Rents are recognised up to the year end date.

The total turnover of the company for the year has been derived from its principal activity wholly undertaken within the UK.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

SHIELD COMMUNICATIONS LIMITED (REGISTERED NUMBER: 04547978)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

3. ACCOUNTING POLICIES - continued

Going concern
These accounts have been prepared on a going concern basis on the grounds that the director of the company will not withdraw his support until such a time as the company has funds available to meet its debts and liabilities as and when they fall due.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 October 2023
and 30 September 2024 32,669
DEPRECIATION
At 1 October 2023 11,761
Charge for year 4,181
At 30 September 2024 15,942
NET BOOK VALUE
At 30 September 2024 16,727
At 30 September 2023 20,908

6. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 October 2023 2,864,737
Additions 28,171
Revaluations 107,092
At 30 September 2024 3,000,000
NET BOOK VALUE
At 30 September 2024 3,000,000
At 30 September 2023 2,864,737

Cost or valuation at 30 September 2024 is represented by:
£   
Valuation in 2016 450,000
Valuation in 2018 400,000
Valuation in 2022 1,141,188
Valuation in 2024 107,092
Cost 901,720
3,000,000

SHIELD COMMUNICATIONS LIMITED (REGISTERED NUMBER: 04547978)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

6. INVESTMENT PROPERTY - continued

If the investment property had not been revalued it would have been included at the following historical cost:

30/9/24 30/9/23
£    £   
Cost 901,720 873,549

The fair value of the properties at September 2024 has been arrived at on the basis of a valuation carried out at that date by the director of the company who is not a professionally qualified valuer. The director believes that the values shown in the accounts reflect the market value. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in the location and takes into account the yield from rentals in the area where the property is situated.

7. DEBTORS
30/9/24 30/9/23
£    £   
Amounts falling due within one year:
Other debtors 5,343 8,270

Amounts falling due after more than one year:
Other debtors 133 133

Aggregate amounts 5,476 8,403

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade creditors - 15,304
Taxation and social security 14,026 3,029
Other creditors 58,090 73,949
72,116 92,282

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/9/24 30/9/23
£    £   
Other creditors 260,450 287,129

10. PROVISIONS FOR LIABILITIES
30/9/24 30/9/23
£    £   
Deferred tax
Accelerated capital allowances 4,182 5,227
Deferred tax 524,570 497,797
528,752 503,024

SHIELD COMMUNICATIONS LIMITED (REGISTERED NUMBER: 04547978)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2023 503,024
Provided during year 25,728
Balance at 30 September 2024 528,752

The deferred tax provision as shown above relates to the potential future tax due should the investment properties held by the company be sold. The provision has been calculated based on the difference between the historic cost of the properties and the market value of those properties as at the Balance Sheet date at the future applicable corporation tax rates.