Company registration number 05046023 (England and Wales)
SHAW & RHODES HOLDINGS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
SHAW & RHODES HOLDINGS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
The following pages do not form part of the statutory financial statements
SHAW & RHODES HOLDINGS LTD
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
3,169,666
3,163,441
Investments
5
1,253,841
1,107,955
4,423,507
4,271,396
Current assets
Debtors
6
17,690
17,609
Cash at bank and in hand
646,701
828,942
664,391
846,551
Creditors: amounts falling due within one year
7
(256,634)
(420,624)
Net current assets
407,757
425,927
Total assets less current liabilities
4,831,264
4,697,323
Provisions for liabilities
(54,996)
(23,858)
Net assets
4,776,268
4,673,465
Capital and reserves
Called up share capital
8
3,601
3,601
Profit and loss reserves
4,772,667
4,669,864
Total equity
4,776,268
4,673,465

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 2 October 2025
J H Rhodes
Director
Company registration number 05046023 (England and Wales)
SHAW & RHODES HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 2 -
1
Accounting policies
Company information

Shaw & Rhodes Holdings Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Victoria Buildings, Albert Street, Lockwood, Huddersfield, HD1 3PR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value.The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover comprises the value of rental income receivable excluding value added tax. Income is also received from the recharge of other costs. Interest and dividends are received on investments. All income is recognised when entitlement has occurred.

1.3
Fixed asset investments

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

SHAW & RHODES HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

FRS102 requires that deferred tax is recognised on potential investment property gains/losses measured at fair value. As the investment properties are not included in the balance sheet at fair value no deferred tax has been recognised on such potential gains/losses. The director acknowledges that this treatment is not in compliance with FRS102.

1.8

Investment properties

FRS 102 requires properties held for investment to be included in the Balance Sheet at their fair value in accordance with section 16 of FRS102. The director considers that to comply with this requirement would involve unjustifiable expense with no benefit to the users of the financial statements. The investment properties are therefore continuing to be stated at cost. The director acknowledges that this treatment is not in compliance with FRS 102.

SHAW & RHODES HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 4 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
4
Tangible fixed assets
Freehold land and buildings
Leasehold land and buildings
Total
£
£
£
Cost
At 1 February 2024
2,998,560
164,881
3,163,441
Additions
-
0
6,225
6,225
At 31 January 2025
2,998,560
171,106
3,169,666
Depreciation and impairment
At 1 February 2024 and 31 January 2025
-
0
-
0
-
0
Carrying amount
At 31 January 2025
2,998,560
171,106
3,169,666
At 31 January 2024
2,998,560
164,881
3,163,441
5
Fixed asset investments
2025
2024
£
£
Other investments other than loans
1,253,841
1,107,955
SHAW & RHODES HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
5
Fixed asset investments
(Continued)
- 5 -
Movements in fixed asset investments
Other
£
Cost or valuation
At 1 February 2024
1,107,955
Additions
281,615
Valuation changes
116,771
Disposals
(252,500)
At 31 January 2025
1,253,841
Carrying amount
At 31 January 2025
1,253,841
At 31 January 2024
1,107,955
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
9,963
7,168
Prepayments and accrued income
7,727
10,441
17,690
17,609
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
41,692
43,091
Corporation tax
46,677
42,963
Other taxation and social security
2,194
2,273
Other creditors
145,931
314,258
Accruals and deferred income
20,140
18,039
256,634
420,624
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
3,601
3,601
3,601
3,601
SHAW & RHODES HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 6 -
9
Related party transactions

Amounts due to the directors' at the year end were £131,270 (2024: £132,889). These loans are unsecured, interest free and repayable on demand.

The parent company is Rhodes & Shaw Holdings Limited, a company registered in England & Wales.

The company is controlled by J H Rhodes.

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