Shays Assets Limited - Filleted accounts

Registered number

08886529

Shays Assets Limited

Filleted Accounts

31 March 2025

Shays Assets Limited
Registered number:		08886529
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Investments	3		161			161

Current assets
Debtors	4	2,208,457			1,930,399
Cash at bank and in hand		343,270			244,633
		2,551,727			2,175,032

Creditors: amounts falling due within one year	5	(741,835)			(55,033)

Net current assets			1,809,892			2,119,999

Net assets			1,810,053			2,120,160

Capital and reserves
Called up share capital			695,100			695,100
Profit and loss account			1,114,953			1,425,060

Shareholders' funds			1,810,053			2,120,160

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




R Hall
Director
Approved by the board on 9 December 2025

Shays Assets Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.


2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	0		0


3	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 April 2024			161

	At 31 March 2025			161


4	Debtors	2025		2024
£			£

	Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,170,270		641,979
	Other debtors	1,038,187		1,288,420
		2,208,457		1,930,399


5	Creditors: amounts falling due within one year	2025		2024
£			£

	Amounts owed to group undertakings and undertakings in which the company has a participating interest	437,833		122,833
	Taxation and social security costs	9,962		5,309
	Accruals	3,000		3,000
	Director's account	291,040		(76,109)
		741,835		55,033


6	Other information

	Shays Assets Limited is a private company limited by shares and incorporated in England. Its registered office is:
	The Barn Shays Farm
	Tosside
	Skipton
	North Yorkshire
	BD23 4SY