Shuttleworth Road Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08800553

Shuttleworth Road Ltd

Filleted Unaudited Financial Statements

31 December 2024

Shuttleworth Road Ltd

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	3	12,206	16,275
Investments	4	3,125	3,125
		--------	--------
		15,331	19,400

Current assets

Stocks		2,729,975	1,270,698
Debtors	5	1,236,969	2,524,054
Cash at bank and in hand		716,884	12,855
		------------	------------
		4,683,828	3,807,607

Creditors: amounts falling due within one year	6	2,735,687		566,911
		------------		------------
Net current assets			1,948,141	3,240,696
			------------	------------
Total assets less current liabilities			1,963,472	3,260,096

Provisions

Taxation including deferred tax	3,052	4,069
	------------	------------
Net assets	1,960,420	3,256,027
	------------	------------

Capital and reserves

Called up share capital	2,000	2,000
Profit and loss account	1,958,420	3,254,027
	------------	------------
Shareholders funds	1,960,420	3,256,027
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Shuttleworth Road Ltd

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 13 October 2025 , and are signed on behalf of the board by:

William Woodward-Fisher

Director

Company registration number: 08800553

Shuttleworth Road Ltd

Accounting Policies

Year ended 31 December 2024

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Motor Vehicles	-	25% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks

Stock of development property is valued at the lower of cost and net realisable value.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Trade and other debtors

Trade and other debtors are recognised and carried forward at invoices amounts less provisions for any doubtful debts. Bad debts are written off when identified.

Cash and cash equivalents

Cash and cash equivalents are included in the balance sheet at cost. Cash and cash equivalents comprise cash at bank and in hand and short term deposits with an original maturity of three months or less.

Interest-bearing loans and borrowings

All loans and borrowings are recognised initially at cost, which is the fair value of the consideration received, net of issue costs associated with the borrowing.

After initial recognition, interest-bearing loans and borrowings are measured at amortised cost using the effective interest method. Gains or losses are recognised in the profit and loss account when liabilities are derecognised or impaired, as well as through the amortisation process.

Shuttleworth Road Ltd

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7 Queripel House, 1 Duke of York Square, London, SW3 4LY, UK.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Tangible assets

	Motor vehicles	Total
	£	£
Cost
At 1 January 2024 and 31 December 2024	43,399	43,399
	--------	--------
Depreciation
At 1 January 2024	27,124	27,124
Charge for the year	4,069	4,069
	--------	--------
At 31 December 2024	31,193	31,193
	--------	--------
Carrying amount
At 31 December 2024	12,206	12,206
	--------	--------
At 31 December 2023	16,275	16,275
	--------	--------

4. Investments

	Shares in participating interests
	£
Cost
At 1 January 2024 and 31 December 2024	3,125
	-------
Impairment
At 1 January 2024 and 31 December 2024	–
	-------

Carrying amount
At 31 December 2024	3,125
	-------
At 31 December 2023	3,125
	-------

The company acquired 25% shareholding during 2022 from Mr Woodward-Fisher in a connected company through common directorship.

5. Debtors

	2024	2023
	£	£
Other debtors	1,236,969	2,524,054
	------------	------------

Other debtors of £1,207,764 (2023: £2,489,304) after write-off of £1,281,540, relate to amount receivable from a connected company through common directorship which is unsecured, interest free and repayable on demand.

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	21,155	15,209
Social security and other taxes	5,008	–
Other creditors	2,709,524	551,702
	------------	---------
	2,735,687	566,911
	------------	---------

Included in other creditors, there was a balance of £2,707,023 (2023: £549,202) due to a director which is interest free and repayable on demand.

7. Related party transactions

No other transactions with related parties were undertaken apart from the ones which have been disclosed in the above notes.