Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-312024-04-01truefalseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08835907 2024-04-01 2025-03-31 08835907 2023-04-01 2024-03-31 08835907 2025-03-31 08835907 2024-03-31 08835907 c:Director1 2024-04-01 2025-03-31 08835907 d:ComputerEquipment 2024-04-01 2025-03-31 08835907 d:ComputerEquipment 2025-03-31 08835907 d:ComputerEquipment 2024-03-31 08835907 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 08835907 d:FreeholdInvestmentProperty 2025-03-31 08835907 d:FreeholdInvestmentProperty 2024-03-31 08835907 d:CurrentFinancialInstruments 2025-03-31 08835907 d:CurrentFinancialInstruments 2024-03-31 08835907 d:Non-currentFinancialInstruments 2025-03-31 08835907 d:Non-currentFinancialInstruments 2024-03-31 08835907 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 08835907 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08835907 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 08835907 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 08835907 d:ShareCapital 2025-03-31 08835907 d:ShareCapital 2024-03-31 08835907 d:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 08835907 d:RetainedEarningsAccumulatedLosses 2025-03-31 08835907 d:RetainedEarningsAccumulatedLosses 2024-03-31 08835907 c:FRS102 2024-04-01 2025-03-31 08835907 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08835907 c:FullAccounts 2024-04-01 2025-03-31 08835907 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08835907 d:OtherDeferredTax 2025-03-31 08835907 d:OtherDeferredTax 2024-03-31 08835907 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 08835907









THE SHIRES ESTATES INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
THE SHIRES ESTATES INVESTMENTS LIMITED
REGISTERED NUMBER: 08835907

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,462
-

Investment property
 5 
7,929,173
7,929,173

  
7,930,635
7,929,173

Current assets
  

Debtors: amounts falling due within one year
 6 
46,653
142,061

Cash at bank and in hand
 7 
393,622
369,361

  
440,275
511,422

Creditors: amounts falling due within one year
 8 
(596,270)
(671,947)

Net current liabilities
  
 
 
(155,995)
 
 
(160,525)

Total assets less current liabilities
  
7,774,640
7,768,648

Creditors: amounts falling due after more than one year
 9 
(2,662,001)
(2,855,667)

Provisions for liabilities
  

Deferred tax
 10 
(838,376)
(838,376)

  
 
 
(838,376)
 
 
(838,376)

Net assets
  
4,274,263
4,074,605


Capital and reserves
  

Called up share capital 
  
1,320
1,320

Profit and loss account
 11 
4,272,943
4,073,285

  
4,274,263
4,074,605


Page 1

 
THE SHIRES ESTATES INVESTMENTS LIMITED
REGISTERED NUMBER: 08835907
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 July 2025.




N A Barnes-Batty
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
THE SHIRES ESTATES INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

The Shires Estates Investments Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is Ground Floor, 45 Pall Mall, London, SW1Y 5JG.
The principal activity of the company is that of holding investments in property.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Revenue

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. 

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
THE SHIRES ESTATES INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

Tangible fixed assets

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.

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 the following basis:

Computer equipment
-
25%

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.

 
2.7

Investment property

Investment property is carried at fair value measured at each reporting date with changes in fair value recognised in the Statement of Income and Retained Earnings. No depreciation is provided. 

Page 4

 
THE SHIRES ESTATES INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Page 5

 
THE SHIRES ESTATES INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
1,950



At 31 March 2025

1,950



Depreciation


Charge for the year on owned assets
488



At 31 March 2025

488



Net book value



At 31 March 2025
1,462



At 31 March 2024
-


5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2024
7,929,173



At 31 March 2025
7,929,173

The 2025 valuations were made by the directors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2025
2024
£
£


Historic cost
5,289,628
5,289,628

5,289,628
5,289,628

Page 6

 
THE SHIRES ESTATES INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Debtors

2025
2024
£
£


Trade debtors
34,184
130,533

Other debtors
6,909
6,909

Prepayments and accrued income
5,560
4,619

46,653
142,061



7.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
393,622
369,361

393,622
369,361



8.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank loans
193,000
193,000

Trade creditors
28,336
-

Corporation tax
57,588
109,787

Other taxation and social security
18,555
24,870

Other creditors
169,822
177,138

Accruals and deferred income
128,969
167,152

596,270
671,947


Page 7

 
THE SHIRES ESTATES INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

9.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
2,662,001
2,855,667

2,662,001
2,855,667


The following liabilities were secured:

2025
2024
£
£



Bank loans
2,855,001
3,048,667

2,855,001
3,048,667

Details of security provided:

The Company has provided the investment properties as security against the bank loans 

Page 8

 
THE SHIRES ESTATES INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

10.


Deferred taxation




2025


£






At beginning of year
(838,376)



At end of year
(838,376)

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Deferred taxation on revaluation of freehold investment property
(838,376)
(838,376)

(838,376)
(838,376)


11.


Reserves

Profit and loss account

Of the retained profits of £4,272,943 (2024: £4,073,285) an amount of £1,801,169 (2024: £1,801,169) relates to revaluation surpluses and deferred taxation which do not form part of the distributable reserves of the company.

 
Page 9