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Shore Holdings Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 March 2025

Registration number: 11859279

 

Shore Holdings Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Shore Holdings Limited

Balance Sheet

31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Investment property

4

1,289,263

1,020,014

Current assets

 

Debtors

5

13,421

17,181

Cash at bank and in hand

 

37,740

198

 

51,161

17,379

Creditors: Amounts falling due within one year

6

(1,367,447)

(1,058,486)

Net current liabilities

 

(1,316,286)

(1,041,107)

Net liabilities

 

(27,023)

(21,093)

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

(27,024)

(21,094)

Shareholders' deficit

 

(27,023)

(21,093)

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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 12 August 2025 and signed on its behalf by:
 

.........................................
D M Chapman
Director

Company Registration Number: 11859279

 

Shore Holdings Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
25a St Clements Road
Bournemouth
Dorset
BH1 4DU
England

2

Accounting policies

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.

Going concern

The financial statements have been prepared on a going concern basis. Although there are net current liabilities of £1,367,447 the directors confirm that liabilities can be met as they fall due and the company has the continued support of the directors.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the renting of properties in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Investment property

Investment property is carried at fair value, dirived from the current market prices for comparable real estate determined annually by the directors. Market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset has been used. Changes in fair value are recognised in profit and loss.

 

Shore Holdings Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.


 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4

Investment properties

2025
£

At 1 April

1,020,014

Additions

269,249

At 31 March

1,289,263

The directors have valued the investment properties at 31 March 2025.

 

Shore Holdings Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025

5

Debtors

2025
£

2024
£

Trade debtors

-

5,452

Prepayments

4,001

2,309

Other debtors

9,420

9,420

13,421

17,181

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

22,112

-

Accruals and deferred income

234,456

1,596

Other creditors

1,110,879

1,056,890

1,367,447

1,058,486