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REGISTERED NUMBER: 10485460 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

SHIELD ENGINEERING PROJECTS LIMITED

SHIELD ENGINEERING PROJECTS LIMITED (REGISTERED NUMBER: 10485460)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SHIELD ENGINEERING PROJECTS LIMITED

COMPANY INFORMATION
for the year ended 31 October 2024







DIRECTORS: Mr J Cooper
Mr C R F Shield





REGISTERED OFFICE: First Floor
One Colton Square
Leicester
Leicestershire
LE1 1QH





REGISTERED NUMBER: 10485460 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
Unit 2 Charnwood Edge Business Park
Syston Road, Leicester
LE7 4UZ
Magma Audit LLP is part
Of the Dains Group

SHIELD ENGINEERING PROJECTS LIMITED (REGISTERED NUMBER: 10485460)

BALANCE SHEET
31 October 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 - 229,156

CURRENT ASSETS
Debtors 5 999 999

CREDITORS
Amounts falling due within one year 6 (49,156 ) (229,156 )
NET CURRENT LIABILITIES (48,157 ) (228,157 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(48,157

)

999

CAPITAL AND RESERVES
Called up share capital 999 999
Retained earnings (49,156 ) -
SHAREHOLDERS' FUNDS (48,157 ) 999

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2025 and were signed on its behalf by:





Mr C R F Shield - Director


SHIELD ENGINEERING PROJECTS LIMITED (REGISTERED NUMBER: 10485460)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2024


1. STATUTORY INFORMATION

Shield Engineering Projects Limited is a private limited company, limited by shares, registered in England and Wales. Its registered office address is First Floor, One Colton Square, Leicester, England, LE1 1QH and the registered number is 10485460.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Investments in subsidiaries
Investment in the subsidiary company is held at cost less accumulated impairment losses.

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2023 229,156
Disposals (229,156 )
At 31 October 2024 -
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 229,156

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 999 999

SHIELD ENGINEERING PROJECTS LIMITED (REGISTERED NUMBER: 10485460)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 49,156 229,156

7. ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY

The company is a wholly owned subsidiary of Shield Engineering Projects Holdings Limited. The company is controlled by Mr C R F Shield.