Company registration number: 14347954
Unaudited financial statements
for the year ended 30 September 2024
for
Shila Holdings Limited
Pages for filing with the Registrar
Company registration number: 14347954
Shila Holdings Limited
Balance sheet
as at 30 September 2024
30 Sep 24 30 Sep 23
Note £ £ £ £
Fixed assets
Investment property 4 2,301,186 -
2,301,186 -
Current assets
Debtors 1,676 1,320,250
Cash at bank and in hand 7,990 8,197
9,666 1,328,447
Creditors: amounts falling due within one
year
(6,614) (1,320,960)
Net current assets 3,052 7,487
Total assets less current liabilities 2,304,238 7,487
Creditors: Amounts falling due after more
than one year
(2,318,718) (10,000)
NET LIABILITIES (14,480) (2,513)
Capital and reserves
Called up share capital 1 1
Profit and loss account (14,481) (2,514)
TOTAL EQUITY (14,480) (2,513)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 September 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 14347954
Shila Holdings Limited
Balance sheet - continued
as at 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 17 June 2025 and signed on its behalf by:
J Coleman, Director
17 June 2025
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Shila Holdings Limited
Notes to the financial statements
for the year ended 30 September 2024
1 Company information
Shila Holdings Limited is a private company registered in England and Wales. Its registered number is 14347954. The company is limited by shares. Its registered office is Building 1000, Cambridge Research Park, Waterbeach, Cambridgeshire, CB25 9PD.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
3 Average number of employees
During the year the average number of employees was Nil (2023 - Nil).
4 Investment property
£
Valuation
Additions 2,301,186
At 30 September 2024 2,301,186
3
Shila Holdings Limited
Notes to the financial statements - continued
for the year ended 30 September 2024
5 Investment property valuation
Investment properties are initially recognised at cost, which includes the purchase price and directly attributable costs of acquisition such as legal fees and Land Registry charges.

Subsequent to initial recognition, investment properties are measured at fair value, where this can be measured reliably without undue cost or effort. Fair value is assessed annually with reference to available market evidence, including independent valuations where obtained, or director estimates supported by comparable market transactions.

In the period of acquisition, and where insufficient market evidence exists to determine fair value reliably, the property is measured at cost. Fair value measurement is adopted once appropriate valuation data becomes available.

Changes in fair value are recognised in the profit and loss account in the period in which they arise. Investment properties measured at fair value are not depreciated.

If, at any time, it is not possible to determine a reliable fair value without undue cost or effort, the investment property is carried at cost less accumulated depreciation and any impairment losses.
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