Shorthorn Sires UK Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 02937523

		2024		2023
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	30,701		48,856
Debtors	5	45,980		56,269
Cash at bank and in hand		22,145		37,490

		98,826		142,615
Creditors: Amounts Falling Due Within One Year	6	(68,223 )		(101,987 )

NET CURRENT ASSETS (LIABILITIES)			30,603		40,628

TOTAL ASSETS LESS CURRENT LIABILITIES			30,603		40,628

NET ASSETS			30,603		40,628

CAPITAL AND RESERVES
Called up share capital	7		1,000		1,000
Profit and Loss Account			29,603		39,628

SHAREHOLDERS' FUNDS			30,603		40,628

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr S Thomas

Director

30/06/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Shorthorn Sires UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02937523 . The registered office is Holme House, Ainstable, Carlisle, CA4 9RH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.4. Gift aid payments

Gift aid payments are recognised as distribution to owners from retained earnings with there being no legal obligation to make payments.

The accounting policy for gift aid payments also results in the company recognising a taxation charge on its profits for the year. However, the application of the exception under paragraph 29.12A of FRS 102 provides relief in respect of the accounting forthe tax charge. This results in an overall nil impact on the tax charge for tax in the Income Statement. This exception is only applicable as it is probable that the gift aid payment will be made by the company to the parent charity within 9 months of the reporting date.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Stocks

	2024	2023
	£	£
Stock	30,701	48,856

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	45,980	56,269

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Shorthorn Sires UK Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	980	3,724
VAT	7,917	1,778
Shorthorn Sires Loan 2022	20,000	20,000
Accruals and deferred income	8,788	28,384
Amounts owed to group undertakings	30,538	48,101

	68,223	101,987

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,000	1,000

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