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REGISTERED NUMBER: 01337007

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

SHILCROFT LTD

| SHILCROFT LTD (REGISTERED NUMBER: 01337007) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 28 February 2025

Page |

| Company Information | 1 |

| Abridged Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| SHILCROFT LTD |

COMPANY INFORMATION

for the Year Ended 28 February 2025

| DIRECTORS: | P K M Shah

| P C Shah

| SECRETARY: | J H Shah

| REGISTERED OFFICE: | 32 High Road,

| East Finchley,

| London

| N2 9PJ

| REGISTERED NUMBER: | 01337007

| ACCOUNTANTS: | Braham Noble Denholm & Co.

| Rubicon House

| Unit 5

| Second Way

| Wembley

| Middlesex

| HA9 0YJ

| SHILCROFT LTD (REGISTERED NUMBER: 01337007) |

ABRIDGED BALANCE SHEET

28 February 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 1 |  | 1 |  |

Tangible assets | 5 | 88,971 |  | 92,025 |  |

Investments | 6 | 1 |  | 1 |  |

88,973 |  | 92,027 |  |

CURRENT ASSETS

Stocks | 147,997 |  | 154,117 |  |

Debtors | 105,301 |  | 96,169 |  |

Investments | 18,198 |  | 18,070 |  |

Cash at bank | 386,434 |  | 393,368 |  |

657,930 |  | 661,724 |  |

CREDITORS

Amounts falling due within one year | 239,491 |  | 262,110 |  |

NET CURRENT ASSETS | 418,439 |  | 399,614 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 507,412 |  | 491,641 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 1,000 |  | 1,000 |  |

Retained earnings | 8 | 506,412 |  | 490,641 |  |

SHAREHOLDERS' FUNDS | 507,412 |  | 491,641 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

| SHILCROFT LTD (REGISTERED NUMBER: 01337007) |

ABRIDGED BALANCE SHEET - continued

28 February 2025

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 November 2025 and were signed on its behalf by:

P K M Shah - Director

| SHILCROFT LTD (REGISTERED NUMBER: 01337007) |

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 28 February 2025

1. | STATUTORY INFORMATION

| Shilcroft Ltd is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Goodwill

| Goodwill represents the difference between the fair value of the consideration paid on acquistion of a business and the fair value of its seperable net assets at the date of acquistion. Goodwill is amortised over its estimated useful life of 20 years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Land and buildings | - | 20% on cost and not provided

| Plant and machinery etc | - | 25% on cost and 20% on reducing balance

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

| Deferred tax

| 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 have been enacted or substantively enacted by the year end 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 probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| SHILCROFT LTD (REGISTERED NUMBER: 01337007) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 28 February 2025

2. | ACCOUNTING POLICIES - continued

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 9 (2024 - 9 ) .

4. | INTANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 March 2024

| and 28 February 2025 | 44,753 |  |

| AMORTISATION

| At 1 March 2024

| and 28 February 2025 | 44,752 |  |

| NET BOOK VALUE

| At 28 February 2025 | 1 |  |

| At 29 February 2024 | 1 |  |

5. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 March 2024

| and 28 February 2025 | 254,827 |  |

| DEPRECIATION

| At 1 March 2024 | 162,802 |  |

| Charge for year | 3,054 |  |

| At 28 February 2025 | 165,856 |  |

| NET BOOK VALUE

| At 28 February 2025 | 88,971 |  |

| At 29 February 2024 | 92,025 |  |

| SHILCROFT LTD (REGISTERED NUMBER: 01337007) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 28 February 2025

6. | FIXED ASSET INVESTMENTS

| Information on investments other than loans is as follows:

| Totals

£ |

| COST

| At 1 March 2024

| and 28 February 2025 | 1 |  |

| NET BOOK VALUE

| At 28 February 2025 | 1 |  |

| At 29 February 2024 | 1 |  |

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 1,000 | Ordinary shares | £1 | 1,000 |  | 1,000 |  |

8. | RESERVES

| Retained

| earnings

£ |

| At 1 March 2024 | 490,641 |  |

| Profit for the year | 15,771 |  |

| At 28 February 2025 | 506,412 |  |

9. | OTHER FINANCIAL COMMITMENTS

| Financial commitments under non-cancellable operating leases are as follows:

| Due within 1 year: £36,000; (2024: £36,000)

| Due 2 to 5 years: £36,000; (2024: £36,000)

10. | RELATED PARTY DISCLOSURES

| The company is under the close control of Mr. J H. Shah, Mr. P. K. M. Shah and Mr P. C. Shah, directors and members of their close family throughout the period under review. Mr. J. Shah is personally interested in 25%, Mr. P. K. M. Shah is personally interested in 13% of the company's issued share capital and Mr. P. C. Shah is personally interested in 12% of the company's issued share capital. No dividends were paid to Mr. J H, Mr. P K M and P. C. Shah in the year to 28 February 2025 (2024: nil).

| At the year end £50,546 (2024: £50,546) was still owing to Hemco Limited, a non trading company which is under the close control of Mr. JH Shah and Mr. PKM Shah and members of their close family.

| Included in other creditors is £5,680 (2024: £4,630) due to the directors.

11. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Mr J H, Mr P K M and P.C.Shah.