Shortland Horne Residential Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03955451 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SHORTLAND HORNE RESIDENTIAL LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D J Shortland

Mrs L Green

Mr W Green

Mr A M Griffin

SECRETARY:

Ms D Boulton

REGISTERED OFFICE:

115 New Union Street

Coventry

West Midlands

CV1 2NT

REGISTERED NUMBER:

03955451 (England and Wales)

FIXED ASSETS

Tangible assets

4

242,207

270,973

Investments

5

92,690

334,897

363,663

CURRENT ASSETS

Stocks

63,574

53,114

Debtors

206,725

185,592

Cash at bank and in hand

209,997

101,507

480,296

340,213

CREDITORS

Amounts falling due within one year

297,373

191,726

NET CURRENT ASSETS

182,923

148,487

TOTAL ASSETS LESS CURRENT
LIABILITIES

517,820

512,150

CREDITORS

Amounts falling due after more than one
year

(69,368

)

(98,147

)

PROVISIONS FOR LIABILITIES

(20,250

)

(25,731

)

NET ASSETS

428,202

388,272

CAPITAL AND RESERVES

Called up share capital

152

Share premium

43,954

Capital redemption reserve

15

Retained earnings

384,081

344,151

SHAREHOLDERS' FUNDS

428,202

388,272

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 31 March 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 22 October 2025 and were signed on its behalf by:

Mrs L Green - Director

1.	STATUTORY INFORMATION

Shortland Horne Residential 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.	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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Turnover

Turnover comprises the value of sales (net of value added tax) of services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

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.

Leasehold improvements

-

over the lease term

Fixtures and fittings

-

15% on reducing balance

Office equipment

-

3 years straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Stocks

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

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.

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 16 (2024 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

436,562

Additions

8,129

At 31 March 2025

444,691

DEPRECIATION

At 1 April 2024

165,589

Charge for year

36,895

At 31 March 2025

202,484

NET BOOK VALUE

At 31 March 2025

242,207

At 31 March 2024

270,973

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 April 2024

and 31 March 2025

152,390

DEPRECIATION

At 1 April 2024

43,066

Charge for year

27,331

At 31 March 2025

70,397

NET BOOK VALUE

At 31 March 2025

81,993

At 31 March 2024

109,324

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2024

and 31 March 2025

308,204

PROVISIONS

At 1 April 2024

and 31 March 2025

215,514

NET BOOK VALUE

At 31 March 2025

92,690

At 31 March 2024

92,690

6.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

Net obligations repayable:

Within one year

28,542

16,866

Between one and five years

69,368

98,147

97,910

115,013

Non-cancellable

operating leases

2025

2024

£

Within one year

16,500

Between one and five years

-

16,500

33,000

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Hire purchase contracts

97,910

115,013

Hire Purchase liabilities are secured against the assets to which they relate.

8.	OTHER FINANCIAL COMMITMENTS

The employer pension creditor at the year end was £762 (2024 - £834).