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# HISTORIC ENGLAND (SHREWSBURY FLAXMILL MALTINGS) LTD

## Company Registration Number:
13975338 (England and Wales)

## Unaudited statutory accounts for the year ended 31 March 2025

## Period of accounts

## Start date: 1 April 2024

## End date: 31 March 2025

# HISTORIC ENGLAND (SHREWSBURY FLAXMILL MALTINGS) LTD

## Contents of the Financial Statements

for the Period Ended 31 March 2025

Directors report |
Profit and loss |
Balance sheet |
Additional notes |
Balance sheet notes |

# HISTORIC ENGLAND (SHREWSBURY FLAXMILL MALTINGS) LTD

Directors' report period ended 31 March 2025

The directors present their report with the financial statements of the company for the period ended 31 March 2025

Additional information

The directors are responsible for preparing the Directors’ Report and the financial statements in accordance with applicable law and regulations. The company has ceased trading on the 31st of March 2025. Accordingly, the financial statements have been prepared on a non-going concern basis, in accordance with FRS 102 Section 1A and Section 3.8. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 and the Companies Act 2006. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and the profit and loss of the Company for that period. In preparing these financial statements, the directors are required to: select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Directors and Directors’ Interests The Directors of the company who were in office during the year and up to the date of signing the financial statements were: Duncan Wilson CBE Andrew Wiseman Amy Pitts The Directors of the company are Executive Team members of the controlling entity. Small Companies note In preparing the report, the Directors have taken advantage of the small companies’ exemptions provided by section 415A of the Companies Act 2006.

Directors

The directors shown below have held office during the whole of the period from
1 April 2024 to 31 March 2025

Duncan Wilson
Andrew Wiseman
Amy Pitts

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
21 October 2025

And signed on behalf of the board by:
Name: Duncan Wilson
Status: Director

# HISTORIC ENGLAND (SHREWSBURY FLAXMILL MALTINGS) LTD

## Profit And Loss Account

for the Period Ended 31 March 2025

| 2025 | 2024
--- | --- | ---
| £ | £
Turnover: | 61,000 | 62,000
Cost of sales: | ( 17,000 ) | ( 12,000 )
Gross profit(or loss): | 44,000 | 50,000
Distribution costs: | 0 | 0
Administrative expenses: | ( 347,000 ) | ( 284,000 )
Other operating income: | 114,000 | 197,000
Operating profit(or loss): | (189,000) | (37,000)
Interest receivable and similar income: | 0 | 0
Interest payable and similar charges: | 0 | 0
Profit(or loss) before tax: | (189,000) | (37,000)
Tax: | 0 | 0
Profit(or loss) for the financial year: | (189,000) | (37,000)

# HISTORIC ENGLAND (SHREWSBURY FLAXMILL MALTINGS) LTD

## Balance sheet

As at 31 March 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Called up share capital not paid: |  | 0 | 0
Fixed assets
Intangible assets: |  | 0 | 0
Tangible assets: |  | 0 | 0
Investments: |  | 0 | 0
Total fixed assets: |  | 0 | 0
Current assets
Stocks: | 3 | 8,000 | 16,000
Debtors: | 4 | 10,000 | 34,000
Cash at bank and in hand: |  | 155,000 | 109,000
Investments: |  | 0 | 0
Total current assets: |  | 173,000 | 159,000
Prepayments and accrued income: |  | 0 | 0
Creditors: amounts falling due within one year: | 5 | ( 442,000 ) | ( 239,000 )
Net current assets (liabilities): |  | (269,000) | (80,000)
Total assets less current liabilities: |  | (269,000) | ( 80,000)
Creditors: amounts falling due after more than one year: |  | 0 | 0
Provision for liabilities: |  | 0 | 0
Accruals and deferred income: |  | 0 | 0
Total net assets (liabilities): |  | (269,000) | (80,000)
Capital and reserves
Called up share capital: |  | 1 | 1
Share premium account: |  | 0 | 0
Other reserves: |  | 0 | 0
Profit and loss account: |  | (269,001 ) | (80,001 )
Total Shareholders' funds: |  | ( 269,000 ) | (80,000)

The notes form part of these financial statements

# HISTORIC ENGLAND (SHREWSBURY FLAXMILL MALTINGS) LTD

## Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption 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.

This report was approved by the board of directors on 21 October 2025
and signed on behalf of the board by:

Name: Duncan Wilson
Status: Director

The notes form part of these financial statements

# HISTORIC ENGLAND (SHREWSBURY FLAXMILL MALTINGS) LTD

## Notes to the Financial Statements

for the Period Ended 31 March 2025

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover represents the amounts (excluding Value Added Tax, returns and discounts) derived from the sale of goods and services to third party customers. All turnover arose within England. Income is primarily comprised of income generated by the retail and admissions operations at the site, with turnover relating to sales of goods and souvenirs, and catering products at the site. Income is recognised in the period in which a sale is made. All income recognised in the final accounts relates to completed performance obligations prior to 31 March 2025. No deferred income remains.

  Other accounting policies

  a) General Information Historic England (Shrewsbury Flaxmill Maltings) Limited is a company limited by shares incorporated in England, registration number 13975338. The registered office is 4th Floor, Cannon Bridge House, 25 Dowgate Hill, London, United Kingdom, EC4R 2YA. b) Basis of Preparation The company’s financial statements have been prepared in compliance with Financial Reporting Standard 102 and the Companies Act 2006 for the period ended 31 March 2025. The financial statements are prepared in sterling which is the functional currency of Historic England (Shrewsbury Flaxmill Maltings) Ltd and rounded to the nearest thousand pounds. On 31 March 2025 the running of the property transferred to the English Heritage Trust under Licence. As a result the company has ceased trading on the 31 March 2025 and is no longer a going concern. Accordingly, the financial statements have been prepared on a non going concern basis. Assets and liabilities have been measured at net realisable value or settlement value, as appropriate. The cessation of trading has been reflected throughout the accounts, and no further operations are expected. c) Stock Stock has been valued at net realisable value in accordance with FRS 102 Section 13. The final inventory value reflects the amount received by English Heritage Trust upon transfer and no further adjustments were required. e) Subsidy Income Historic England (Shrewsbury Flaxmill Maltings) Limited received subsidy income funding from Historic England. f) Grant Income Historic England (Shrewsbury Flaxmill Maltings) Limited received grant income. This was accounted for on a cash basis and there were no unfulfilled conditions or other contingencies attaching to this income. g) Segmental Reporting The Directors consider that there is only one class of business activity. h) Taxation UK corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantially enacted by the balance sheet date. The final corporation tax liability has been assessed and is nil. No further tax obligations are expected. i) Closure Narrative Historic England (Shrewsbury Flaxmill Maltings) Ltd ceased trading on 31 March 2025 following the planned transfer of operations to English Heritage Trust. All staff were transferred under TUPE arrangements, and no redundancy or termination costs were incurred. The closure formed part of a strategic transition and did not result in any post-balance sheet events or contingent liabilities. In accordance with FRS 102 Section 1A.13 and Section 21, all known liabilities have been recognised. No provisions were required for redundancy, legal fees, or lease termination costs, as no closure-related obligations remained at the reporting date. Final payroll and accrued holiday pay were settled prior to cessation of trading and are fully recognised in the accounts, in line with FRS 102 Section 1A.13 and Section 28. No further employee benefit obligations exist. Assets and liabilities have been measured at net realisable value or settlement value, consistent with the break-up basis of preparation.

# HISTORIC ENGLAND (SHREWSBURY FLAXMILL MALTINGS) LTD

## Notes to the Financial Statements

for the Period Ended 31 March 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 6 | 6

  These staff were TUPE’d to English Heritage Trust on transfer of operations on the 31 March 2025.

# HISTORIC ENGLAND (SHREWSBURY FLAXMILL MALTINGS) LTD

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 3. Stocks

| 2025 | 2024
--- | --- | ---
| £ | £
Stocks | 8,000 | 16,000
Total | 8,000 | 16,000

# HISTORIC ENGLAND (SHREWSBURY FLAXMILL MALTINGS) LTD

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 4. Debtors

| 2025 | 2024
--- | --- | ---
| £ | £
Other debtors | 10,000 | 34,000
Total | 10,000 | 34,000

# HISTORIC ENGLAND (SHREWSBURY FLAXMILL MALTINGS) LTD

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 5. Creditors: amounts falling due within one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Taxation and social security | 22,000 | 12,000
Other creditors | 420,000 | 227,000
Total | 442,000 | 239,000