Company registration number 04538969 (England and Wales)
SHREWDD LTD.
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
SHREWDD LTD.
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
SHREWDD LTD.
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
516
607
Current assets
Debtors
4
41,961
67,455
Cash at bank and in hand
18,771
30,584
60,732
98,039
Creditors: amounts falling due within one year
5
(32,601)
(58,302)
Net current assets
28,131
39,737
Total assets less current liabilities
28,647
40,344
Creditors: amounts falling due after more than one year
6
(32,725)
(35,289)
Net (liabilities)/assets
(4,078)
5,055
Capital and reserves
Called up share capital
7
20
20
Profit and loss reserves
(4,098)
5,035
Total equity
(4,078)
5,055
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 9 July 2025
A Lombardi
Director
Company registration number 04538969 (England and Wales)
Notes to the Financial Statements
for the year ended 31 December 2024
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the fair value of the consideration receivable for services provided in the normal course of business, and is shown net of VAT.
Turnover is recognised on the supply of consultancy services.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
15% Reducing balance
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
Notes to the Financial Statements (CONTINUED)
for the year ended 31 December 2024
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
3
3
3
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 January 2024 and 31 December 2024
1,980
Depreciation and impairment
At 1 January 2024
1,373
Depreciation charged in the year
91
At 31 December 2024
1,464
Carrying amount
At 31 December 2024
516
At 31 December 2023
607
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
31,103
64,000
Amounts owed by group undertakings
10,858
Prepayments and accrued income
3,455
41,961
67,455
Notes to the Financial Statements (CONTINUED)
for the year ended 31 December 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
5,000
4,900
Trade creditors
4,741
18,311
Amounts owed to group undertakings
2,025
Corporation tax
3,550
Other taxation and social security
17,097
23,281
Accruals and deferred income
5,763
6,235
32,601
58,302
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
32,725
35,289
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
10
10
20
20
'B' ordinary shares of £1 each
10
10
8
Parent company
The parent company is Shrewd Properties Limited, a company registered in England and Wales. The registered office is 27 Harrison Road, Halifax, West Yorkshire, HX1 2AF.