REGISTERED NUMBER: 09348508 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Henry Shields Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

H J W Shields

Miss E Morris

REGISTERED OFFICE:

First Floor, West Barn

North Frith Farm, Ashes Lane

Hadlow

Tonbridge

Kent

TN11 9QU

REGISTERED NUMBER:

09348508 (England and Wales)

ACCOUNTANTS:

Deeks Evans Audit Services Limited

Chartered Accountants

First Floor, West Barn

North Frith Farm, Ashes Lane

Hadlow

Tonbridge

Kent

TN11 9QU

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Henry Shields Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Henry Shields Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Henry Shields Limited and state those matters that we have agreed to state to the Board of Directors of Henry Shields Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Henry Shields Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Henry Shields Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Henry Shields Limited. You consider that Henry Shields Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Henry Shields Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Deeks Evans Audit Services Limited

Chartered Accountants

First Floor, West Barn

North Frith Farm, Ashes Lane

Hadlow

Tonbridge

Kent

TN11 9QU

30 September 2025

FIXED ASSETS

Tangible assets

4

4,043

296

CURRENT ASSETS

Debtors

5

1,897,133

1,926,556

Cash at bank

496,215

286,540

2,393,348

2,213,096

CREDITORS

Amounts falling due within one year

6

141,115

181,878

NET CURRENT ASSETS

2,252,233

2,031,218

TOTAL ASSETS LESS CURRENT LIABILITIES

2,256,276

2,031,514

CAPITAL & RESERVES

Called up share capital

7

100

100

Retained earnings

8

2,256,176

2,031,414

SHAREHOLDERS' FUNDS

2,256,276

2,031,514

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 directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

H J W Shields - Director

1.	STATUTORY INFORMATION

Henry Shields Limited 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 royalty income, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

1,667

Additions

5,095

At 31 December 2024

6,762

DEPRECIATION

At 1 January 2024

1,371

Charge for year

1,348

At 31 December 2024

2,719

NET BOOK VALUE

At 31 December 2024

4,043

At 31 December 2023

296

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

95,611

153,671

Amounts owed by associates

1,775,678

1,772,885

1,871,289

1,926,556

Amounts falling due after more than one year:

Other debtors

25,844

-

Aggregate amounts

1,897,133

1,926,556

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Tax

123,685

151,427

Social security & other taxes

-

371

VAT

6,509

15,909

Directors' current accounts

214

434

Other creditors

10,707

13,737

141,115

181,878

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 January 2024

2,031,414

Profit for the year

401,762

Dividends

(177,000

)

At 31 December 2024

2,256,176

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Debtors includes £1,775,678 (2023 £1,772,885) owing from Henry Shields Property Limited, an associated company controlled by the director, H J W Shields.

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £177,000 were paid to H J W Shields.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is H J W Shields.