Registration number:
Shemwell (QSC) Limited
for the Year Ended 31 March 2025
Shemwell (QSC) Limited
(Registration number: 08557241)
Balance Sheet as at 31 March 2025
|
Note |
2025 |
2024 |
|
|
Fixed assets |
|||
|
Tangible assets |
- |
|
|
|
Current assets |
|||
|
Debtors |
|
|
|
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current assets/(liabilities) |
|
( |
|
|
Total assets less current liabilities |
|
|
|
|
Provisions for liabilities |
- |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
|
|
|
|
Revaluation reserve |
- |
|
|
|
Retained earnings |
|
|
|
|
Shareholders' funds |
|
|
For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
|
• |
|
|
• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.
.........................................
C J Rea
Director
Shemwell (QSC) Limited
Statement of Changes in Equity for the Year Ended 31 March 2025
|
Share capital |
Revaluation reserve |
Retained earnings |
Total |
|
|
At 1 April 2024 |
|
|
|
|
|
Loss for the year |
- |
- |
( |
( |
|
Other comprehensive income |
- |
( |
|
- |
|
Total comprehensive income |
- |
( |
|
( |
|
At 31 March 2025 |
|
- |
|
|
|
Share capital |
Revaluation reserve |
Retained earnings |
Total |
|
|
At 1 April 2023 |
|
|
|
|
|
Profit for the year |
- |
- |
|
|
|
At 31 March 2024 |
1 |
206,454 |
80,941 |
287,396 |
Shemwell (QSC) Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
|
Accounting policies |
Statutory information
Shemwell (QSC) Limited is a private company, limited by shares, domiciled in England and Wales, company number 08557241. The registered office is at Global Technology Centre, Mill CloseRotherham, S60 1BZ.
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.
Group accounts not prepared
Revenue recognition
Turnover comprises rents receivable.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
|
Investment properties |
not depreciated |
Investment property
Shemwell (QSC) Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)
|
1 |
Accounting policies (continued) |
Financial instruments
|
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
|
Tangible assets |
|
Investment properties |
|
|
Cost or valuation |
|
|
At 1 April 2024 |
|
|
Additions |
|
|
Disposals |
( |
|
At 31 March 2025 |
- |
|
Depreciation |
|
|
Carrying amount |
|
|
At 31 March 2025 |
- |
|
At 31 March 2024 |
|
Shemwell (QSC) Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)
|
Debtors |
|
2025 |
2024 |
|
|
Trade debtors |
- |
|
|
Amounts owed by group undertakings |
|
|
|
Prepayments |
- |
|
|
|
|
|
Creditors |
|
2025 |
2024 |
|
|
Due within one year |
||
|
Trade creditors |
- |
|
|
Other creditors |
|
|
|
Accruals and deferred income |
|
|
|
Taxation and social security |
|
|
|
|
|
|
Related party transactions |
Included in other creditors is an interest free loan of £167,000 due to Dr L J Rea, a shareholder of the holding company.
|
Parent and ultimate parent undertaking |
The company's ultimate parent undertaking is
The ultimate controlling party is