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REGISTERED NUMBER: 11748074 (England and Wales)

















Financial Statements

for the Year Ended 31 December 2024

for

Shropshire Homes Management Services Ltd

Shropshire Homes Management Services Ltd (Registered number: 11748074)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Shropshire Homes Management Services Ltd

Company Information
for the year ended 31 December 2024







DIRECTORS: R W Shackleton
R Perrins





REGISTERED OFFICE: The Old Workhouse
Cross Houses
Shrewsbury
Shropshire
SY5 6JH





REGISTERED NUMBER: 11748074 (England and Wales)





AUDITORS: WR Partners
Chartered Accountants and Statutory Auditor
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

Shropshire Homes Management Services Ltd (Registered number: 11748074)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,600 -

CURRENT ASSETS
Debtors 5 6,662 981
Cash at bank 91,249 53,709
97,911 54,690
CREDITORS
Amounts falling due within one year 6 155,865 97,258
NET CURRENT LIABILITIES (57,954 ) (42,568 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(54,354

)

(42,568

)

PROVISIONS FOR LIABILITIES 900 -
NET LIABILITIES (55,254 ) (42,568 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (55,354 ) (42,668 )
SHAREHOLDERS' FUNDS (55,254 ) (42,568 )

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 August 2025 and were signed on its behalf by:





R W Shackleton - Director


Shropshire Homes Management Services Ltd (Registered number: 11748074)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Shropshire Homes Management Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Financial instruments
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Shropshire Homes Management Services Ltd (Registered number: 11748074)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
The company is reliant upon the support of the group companies.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 3,600
At 31 December 2024 3,600
NET BOOK VALUE
At 31 December 2024 3,600

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,681 -
Other debtors 981 981
6,662 981

Shropshire Homes Management Services Ltd (Registered number: 11748074)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 93,723 67,872
Other creditors 62,142 29,386
155,865 97,258

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

H M Pierce (Senior Statutory Auditor)
for and on behalf of WR Partners

8. RELATED PARTY DISCLOSURES

During the year Shropshire Homes Limited, a subsidiary of Shropshire Homes Group Limited, provided services and paid for expenses on behalf of Shropshire Homes Management Services Limited amounting to £49,439 (2023 £23,397). Included in other creditors is a balance due of £93,723 (2023 £67,872).

At the year end Shropshire Homes Group Limited owed Shropshire Homes Management Services Limited £100 (2023 £100).

9. ULTIMATE PARENT COMPANY

The ultimate controlling party is Shropshire Homes Group Limited.

The company is a wholly owned subsidiary of Shropshire Homes Group Limited.

The address of the registered office of Shropshire Homes Group Limited is The Old Workhouse, The Chestnuts, Cross Houses, Shrewsbury, Shropshire, SY5 6JH.

A copy of the group accounts can be obtained from Companies House.