Shore Projects International Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 10080729 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SHORE PROJECTS INTERNATIONAL LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J J W Street

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

10080729 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

CURRENT ASSETS

Stocks

5

26,377

28,550

Debtors

6

32

131

Cash at bank

4,240

6,506

30,649

35,187

CREDITORS

Amounts falling due within one year

7

8,701

6,969

NET CURRENT ASSETS

21,948

28,218

TOTAL ASSETS LESS CURRENT
LIABILITIES

21,948

28,218

CREDITORS

Amounts falling due after more than one
year

8

20,957

27,474

NET ASSETS

991

744

CAPITAL AND RESERVES

Called up share capital

10

35

Share premium

86,867

Retained earnings

(85,911

)

(86,158

)

SHAREHOLDERS' FUNDS

991

744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 September 2025 and were signed by:

Mr J J W Street - Director

1.	STATUTORY INFORMATION

Shore Projects International 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

Turnover represents amounts derived from the sale of goods to customers during the year, and is recognised at the date the risks and rewards of ownership of goods were transferred to the customer. This is stated after trade discounts 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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 January 2024

and 31 December 2024

170

AMORTISATION

At 1 January 2024

and 31 December 2024

170

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.

STOCKS

31.12.24

31.12.23

£

Stocks

26,377

28,550

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Prepayments and accrued income

32

131

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts (see note 9)

4,349

4,238

Trade creditors

-

316

Social security and other taxes

-

510

Pensions

54

39

Other creditors

1,565

1,256

Directors' loan accounts

2,733

610

8,701

6,969

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Bank loans (see note 9)

20,957

25,224

Directors' loan accounts

-

2,250

20,957

27,474

31.12.24

31.12.23

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,447

7,171

9.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

Amounts falling due within one year or on demand:

Bank overdrafts

3

-

Bank loans

4,346

4,238

4,349

4,238

Amounts falling due between one and two years:

Bank loans - 1-2 years

4,456

4,346

Amounts falling due between two and five years:

Bank loans - 2-5 years

14,054

13,707

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,447

7,171

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

347,824

Ordinary shares

0.000

1

35