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Shaw Thing Management Limited

Registered Number
05483504
(England and Wales)

Unaudited Financial Statements for the Year ended
30 August 2024

Shaw Thing Management Limited
Company Information
for the year from 31 August 2023 to 30 August 2024

Director

Hillary Shaw

Registered Address

20 Coverdale Road
London
N11 3FG

Place of Business

20 Coverdale Road

London

N11 3FG


Registered Number

05483504 (England and Wales)
Shaw Thing Management Limited
Balance Sheet as at
30 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets48041,308
8041,308
Current assets
Debtors51,76913,546
Cash at bank and on hand3224,242
2,09117,788
Creditors amounts falling due within one year6(92,500)(101,571)
Net current assets (liabilities)(90,409)(83,783)
Total assets less current liabilities(89,605)(82,475)
Creditors amounts falling due after one year7(2,020)(4,020)
Net assets(91,625)(86,495)
Capital and reserves
Called up share capital100100
Profit and loss account(91,725)(86,595)
Shareholders' funds(91,625)(86,495)
The financial statements were approved and authorised for issue by the Director on 29 May 2025, and are signed on its behalf by:
Hillary Shaw
Director
Registered Company No. 05483504
Shaw Thing Management Limited
Notes to the Financial Statements
for the year ended 30 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The financial statements report the financial results only of the company and are presented in Sterling (£).
Statement of compliance
The financial statements have been prepared in compliance with Section 1A of Financial Reporting Standard 102 and Companies Act 2006 as these apply to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
The financial statements have been prepared on a going concern basis notwithstanding the fact that the company has a deficiency on total equity at the end of the year. The director considers this basis to be appropriate as the company has sufficient facilities available from its shareholder to fund its working capital requirement for a period of at least twelve months for the date these financial statements were approved.
Revenue from rendering of services
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: • the amount of revenue can be measured reliably; • it is probable that the Company will receive the consideration due under the contract; • the stage of completion of the contract at the end of the reporting period can be measured reliably; and • the costs incurred and the costs to complete the contract can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Nonmonetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the profit and loss account within finance income or costs. All other foreign exchange gains and losses are presented in profit or loss within other operating income.
Intangible assets
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
Tangible fixed assets and depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
Financial instruments
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial assets, including trade and other debtors, and 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 for a similar debt instrument. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. Basic financial liabilities, including trade and other creditors, bank loans and loans from fellow group companies, 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 for a similar debt instrument. Debt instruments are subsequently carried at amortised cost, using the effective interest method. Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment. If evidence of impairment is found, an impairment loss is recognised in the profit and loss account. Financial assets are derecognised when (i) the contractual rights to the cashflows from the asset expire or are settled, or (ii) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (iii) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.Average number of employees
The average number of employees include directors.

20242023
Average number of employees during the year21
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 31 August 2310,00010,000
At 30 August 2410,00010,000
Amortisation and impairment
At 31 August 2310,00010,000
At 30 August 2410,00010,000
Net book value
At 30 August 24--
At 30 August 23--
4.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 31 August 2364,71364,713
At 30 August 2464,71364,713
Depreciation and impairment
At 31 August 2363,40563,405
Charge for year504504
At 30 August 2463,90963,909
Net book value
At 30 August 24804804
At 30 August 231,3081,308
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables1,76913,546
Total1,76913,546
6.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts2,7662,504
Taxation and social security1,2487,835
Other creditors24,46829,204
Accrued liabilities and deferred income64,01862,028
Total92,500101,571
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts2,0204,020
Total2,0204,020
8.Related party transactions
During the year the director of the company paid expenses of £41,888 (2023: £16,094) on behalf of the company and withdrew £149,769 (2023: £103,034). During the year, the director paid £104,902 (2023: £6,000) to the company. As at the balance sheet date the director was owed £24,118 (2023: £27,097) by the company.