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REGISTERED NUMBER: 07276201 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2024

for

Shearman Bowen Limited

Shearman Bowen Limited (Registered number: 07276201)

Contents of the Financial Statements

for the Year Ended 30 November 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Shearman Bowen Limited

Company Information

for the Year Ended 30 November 2024

| DIRECTOR: | M Bowen

| REGISTERED OFFICE: | 6-9 Snow Hill

| London

| EC1A 2AY

| REGISTERED NUMBER: | 07276201 (England and Wales)

| ACCOUNTANTS: | Cartwrights

| Chartered Accountants and Business Advisors

| Regency House

| 33 Wood Street

| Barnet

| Hertfordshire

| EN5 4BE

Shearman Bowen Limited (Registered number: 07276201)

Balance Sheet

30 November 2024

| 30/11/24 | 30/11/23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 5 | - |  | - |  |

Tangible assets | 6 | 1,591 |  | 6,517 |  |

1,591 |  | 6,517 |  |

CURRENT ASSETS

Stocks | 5,000 |  | 15,000 |  |

Debtors | 7 | 986,945 |  | 848,665 |  |

Cash at bank | 14,525 |  | 1,044 |  |

1,006,470 |  | 864,709 |  |

CREDITORS

Amounts falling due within one year | 8 | 435,079 |  | 341,385 |  |

NET CURRENT ASSETS | 571,391 |  | 523,324 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 572,982 |  | 529,841 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (65,660 | ) | (113,798 | ) |

PROVISIONS FOR LIABILITIES | (398 | ) | (1,629 | ) |

NET ASSETS | 506,924 |  | 414,414 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 506,824 |  | 414,314 |  |

SHAREHOLDERS' FUNDS | 506,924 |  | 414,414 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Shearman Bowen Limited (Registered number: 07276201)

Balance Sheet - continued

30 November 2024

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 November 2025 and were signed by:

M Bowen - Director

Shearman Bowen Limited (Registered number: 07276201)

Notes to the Financial Statements

for the Year Ended 30 November 2024

1. | STATUTORY INFORMATION

| Shearman Bowen Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Compliance with accounting standards

| 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, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of five 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.

| Computer software is being amortised evenly over its estimated useful life of four years.

| Tangible fixed assets

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

| Fixtures and fittings | - | 25% on cost

| Computer equipment | - | 25% on cost

| Stocks

| Work in progress is valued at the lower of cost and net realisable value.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| 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.

Shearman Bowen Limited (Registered number: 07276201)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2024

3. | ACCOUNTING POLICIES - continued

| 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 12 (2023 - 10 ) .

5. | INTANGIBLE FIXED ASSETS

| Other |

| intangible |

| Goodwill |  | assets |  | Totals

£ | £ | £ |

| COST

| At 1 December 2023

| and 30 November 2024 | 500,000 |  | 19,680 |  | 519,680 |  |

| AMORTISATION

| At 1 December 2023

| and 30 November 2024 | 500,000 |  | 19,680 |  | 519,680 |  |

| NET BOOK VALUE

| At 30 November 2024 | - |  | - |  | - |  |

| At 30 November 2023 | - |  | - |  | - |  |

Shearman Bowen Limited (Registered number: 07276201)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2024

6. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 December 2023

| and 30 November 2024 | 29,668 |  |

| DEPRECIATION

| At 1 December 2023 | 23,151 |  |

| Charge for year | 4,926 |  |

| At 30 November 2024 | 28,077 |  |

| NET BOOK VALUE

| At 30 November 2024 | 1,591 |  |

| At 30 November 2023 | 6,517 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30/11/24 |  | 30/11/23

£ | £ |

| Trade debtors | 120,718 |  | 63,862 |  |

| Amounts owed by group undertakings | 253,955 |  | 253,955 |  |

| Other debtors | 612,272 |  | 530,848 |  |

986,945 |  | 848,665 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30/11/24 |  | 30/11/23

£ | £ |

| Bank loans and overdrafts | 48,121 |  | 61,992 |  |

| Taxation and social security | 288,549 |  | 190,136 |  |

| Other creditors | 98,409 |  | 89,257 |  |

435,079 |  | 341,385 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30/11/24 |  | 30/11/23

£ | £ |

| Bank loans | 65,660 |  | 113,798 |  |

Shearman Bowen Limited (Registered number: 07276201)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2024

10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

| 30/11/24 |  | 30/11/23

£ | £ |

| M Bowen

| Balance outstanding at start of year | 381,819 |  | 334,573 |  |

| Amounts advanced | 63,065 |  | 47,246 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 444,884 |  | 381,819 |  |

11. | ULTIMATE CONTROLLING PARTY

| The controlling party is Shearman Bowen Holdings Limited.

| The ultimate controlling party is M Bowen.