Company registration number: 10973395
Unaudited financial statements
for the year ended 31 March 2025
for
Shirvell Brothers Limited
Pages for filing with the Registrar
Company registration number: 10973395
Shirvell Brothers Limited
Balance sheet
as at 31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 4,514,273 4,515,341
4,514,273 4,515,341
Current assets
Debtors 180,057 179,335
Cash at bank and in hand 28,913 16,913
208,970 196,248
Creditors: amounts falling due within one
year 		(108,244) (105,205)
Net current assets 100,726 91,043
Total assets less current liabilities 4,614,999 4,606,384
Provisions for liabilities (173,750) (173,750)
NET ASSETS 4,441,249 4,432,634
Capital and reserves
Called up share capital 3,881,046 3,881,046
Other reserves 521,918 521,918
Profit and loss account 38,285 29,670
TOTAL EQUITY 4,441,249 4,432,634
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 10973395
Shirvell Brothers Limited
Balance sheet - continued
as at 31 March 2025
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 30 July 2025 and signed on its behalf by:
Mr J Shirvell, Director Mrs L Shirvell, Director
30 July 2025 30 July 2025
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Shirvell Brothers Limited
Notes to the financial statements
for the year ended 31 March 2025
1 Company information
Shirvell Brothers Limited is a private company registered in England and Wales. Its registered number is 10973395. The company is limited by shares. Its registered office is B1 Vantage Park, Old Gloucester Road, Bristol, BS16 1GW.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - in accordance with the property
Short leasehold property - in accordance with the property
Plant and machinery etc.:
Plant and machinery - 20% reducing balance
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
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Shirvell Brothers Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
2 Accounting policies - continued
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that been enacted or substantively enacted by the balance sheet date and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3 Average number of employees
During the year the average number of employees was 2 (2024 - 2).
4 Tangible fixed assets
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Cost
At 1 April 2024 4,510,000 19,013 4,529,013
At 31 March 2025 4,510,000 19,013 4,529,013
Depreciation
At 1 April 2024 - 13,672 13,672
Charge for year - 1,068 1,068
At 31 March 2025 - 14,740 14,740
Net book value
At 31 March 2025 4,510,000 4,273 4,514,273
At 31 March 2024 4,510,000 5,341 4,515,341
Cost or valuation at 31 March 2025 is represented by:
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Valuation in 2024 695,000 - 695,000
Cost 3,815,000 19,013 3,834,013
4,510,000 19,013 4,529,013
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Shirvell Brothers Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
4 Tangible fixed assets - continued
If Freehold land and buildings had not been revalued, they would have been included at the following historical cost:
2025 2024
£ £
Cost 3,715,000 3,715,000
Accumulated depreciation - -
5 Advances, credit and guarantees granted to directors
The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024.
2025 2024
£ £
J E Shirvell
Balance outstanding at start of year 46,546 38,924
Amounts advanced 42,423 50,667
Amounts repaid (52,893) (43,045)
Balance outstanding at end of year 36,076 46,546
The loans to the directors are interest free and are expected to be repaid within 9 months of the year end
2025 2024
£ £
Mrs L G Shirvell
Balance outstanding at start of year 54,362 43,680
Amounts advanced 70,888 57,821
Amounts repaid (62,620) (47,139)
Balance outstanding at end of year 62,630 54,362
6 Additional note 1
Value of land in Freehold land and buildings £4,410,000 2025 and 2024. The Freehold land and buildings were valued on an open market basis by the directors on 31 March 2025.
7 Controlling party
The Ultimate controlling party is the directors JE Shirvell and LG Shirvell.
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