Shirley Securities Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00527097

SHIRLEY SECURITIES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

SHIRLEY SECURITIES LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Investments	5		996,412		992,169

CURRENT ASSETS

Debtors	6	51,625	35,079
Cash at bank and in hand		79,387	78,003
		---------	---------
		131,012	113,082

CREDITORS: amounts falling due within one year	7	137,091		114,261
		---------		---------
NET CURRENT LIABILITIES			6,079		1,179
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			990,333		990,990

PROVISIONS

Taxation including deferred tax	28,805	28,658
	---------	---------
NET ASSETS	961,528	962,332
	---------	---------

CAPITAL AND RESERVES

Called up share capital	8	92	92
Fair value reserve		311,100	309,276
Profit and loss account		650,336	652,964
		---------	---------
SHAREHOLDERS FUNDS		961,528	962,332
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

SHIRLEY SECURITIES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 8 December 2025 , and are signed on behalf of the board by:

Mr R D Ellis

Director

Company registration number: 00527097

SHIRLEY SECURITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

Year ended 31 March 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Muras Baker Jones Ltd, Third Floor Regent House, Bath Avenue, Wolverhampton, WV1 4EG.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Revenue recognition

Turnover represents gross rentals due for the year, exclusive of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Investments

Investment property is included at fair value with gains and losses charged through the profit and loss account. Fair value is based upon open market value as determined by the directors.

Listed investments are measured at fair value with changes in fair value being recognised in the profit and loss account. Fair value is based upon middle market value.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. INVESTMENTS

	Listed investments	Investment properties	Total
	£	£	£
Valuation
At 1 April 2024	109,579	882,590	992,169
Additions	2,307	–	2,307
Revaluations	1,936	–	1,936
	---------	---------	---------
At 31 March 2025	113,822	882,590	996,412
	---------	---------	---------
Impairment
At 1 April 2024 and 31 March 2025	–	–	–
	---------	---------	---------

Carrying amount
At 31 March 2025	113,822	882,590	996,412
	---------	---------	---------
At 31 March 2024	109,579	882,590	992,169
	---------	---------	---------

The change in fair value of the above assets has resulted in a credit to the profit and loss account of £1,936 (2024: credit of £5,341).

Investments held at valuation

In respect of investments held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Listed investments	Investment properties	Total
	£	£	£
At 31 March 2025
Aggregate cost	100,775	555,732	656,507
Aggregate depreciation	–	–	–
	---------	---------	---------
Carrying value	100,775	555,732	656,507
	---------	---------	---------

At 31 March 2024
Aggregate cost	98,504	555,732	654,236
Aggregate depreciation	–	–	–
	--------	---------	---------
Carrying value	98,504	555,732	654,236
	--------	---------	---------

6. DEBTORS

	2025	2024
	£	£
Other debtors	51,625	35,079
	--------	--------

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	4,648	5,694
Social security and other taxes	5,582	5,198
Other creditors	126,861	103,369
	---------	---------
	137,091	114,261
	---------	---------

8. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	92	92	92	92
	----	----	----	----