Contents of the Financial Statements

for the Period Ended 31 March 2025

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

Directors

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

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

Profit And Loss Account

for the Period Ended 31 March 2025

Balance sheet

As at 31 March 2025

The notes form part of these financial statements

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.

The notes form part of these financial statements

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.

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.