Sheild Housing Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 12899991

		2024		2023 as restated
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	5		256,957		256,957

			256,957		256,957
CURRENT ASSETS
Cash at bank and in hand		500		500

		500		500
Creditors: Amounts Falling Due Within One Year	6	(65,069 )		(67,175 )

NET CURRENT ASSETS (LIABILITIES)			(64,569 )		(66,675 )

TOTAL ASSETS LESS CURRENT LIABILITIES			192,388		190,282

Creditors: Amounts Falling Due After More Than One Year	7		(185,799 )		(185,791 )

NET ASSETS			6,589		4,491

CAPITAL AND RESERVES
Called up share capital	8		500		500
Profit and Loss Account			6,089		3,991

SHAREHOLDERS' FUNDS			6,589		4,491

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Sheild Housing Limited

Balance Sheet (continued)

As At 30 September 2024

For the year ending 30 September 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

Mrs S Z De Grey

Director

25 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Sheild Housing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12899991 . The registered office is Ground Floor Office, 2 Mill Pool, Nash Lane, Belbroughton, Worcestershire, DY9 9AF.

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.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Sheild Housing Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

2.4. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Prior Period Adjustment

The accounts have been restated to incorporate the purchase of an investment property and associated financing costs and income.

Summary of the prior year accounting impact

Increase in rental income - £20,000

Increase in finance costs - £15,073

Increase in investment properties - £256,957

Increase in creditors - bank loan - £185,791

Increase in creditors - directors loan account - £66,239

Increase in creditors - corporation tax - £936

5. Investment Property

	2024
	£
Fair Value
As at 1 October 2023 and 30 September 2024	256,957

6. Creditors: Amounts Falling Due Within One Year

	2024	2023 as restated
	£	£
Other creditors	63,641	66,239
Taxation and social security	1,428	936

	65,069	67,175

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023 as restated
	£	£
Bank loans	185,799	185,791

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Sheild Housing Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

8. Share Capital

	2024	2023 as restated
	£	£
Allotted, Called up and fully paid	500	500

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