REGISTERED NUMBER: 07657527 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

4 SHIRES ASSET MANAGEMENT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J R Le Sueur

R W G Simpson

G I A S Cuthbert

J N Wheeler

REGISTERED OFFICE:

Shires House

School Lane

Gillingham

Dorset

SP8 4QW

REGISTERED NUMBER:

07657527 (England and Wales)

AUDITORS:

Andrews and Palmer Limited

Statutory Auditor

32 The Square

Gillingham

Dorset

SP8 4AR

FIXED ASSETS

Tangible assets

4

980

3,156

Investments

5

227,704

232,148

228,684

235,304

CURRENT ASSETS

Debtors

6

25,206

94,553

Cash at bank

193,900

140,005

219,106

234,558

CREDITORS

Amounts falling due within one year

7

39,126

47,481

NET CURRENT ASSETS

179,980

187,077

TOTAL ASSETS LESS CURRENT LIABILITIES

408,664

422,381

CREDITORS

Amounts falling due after more than one year

8

-

(5,162

)

PROVISIONS FOR LIABILITIES

-

(267

)

NET ASSETS

408,664

416,952

CAPITAL AND RESERVES

Called up share capital

11

11,120

11,120

Share premium

384,380

384,380

Retained earnings

13,164

21,452

SHAREHOLDERS' FUNDS

408,664

416,952

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by:

J R Le Sueur - Director

1.	STATUTORY INFORMATION

4 Shires Asset Management Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

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

Fixtures & fittings

- Straight line over 3 years

Computer equipment

- Straight line over 5 years

Financial instruments

Basic financial instruments are measured at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.

Exceptional items

Certain one-off expenses that have significant impact on the financial statements are classified as exceptional items. These expenses are disclosed separately to provide further understanding to the financial performance of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 September 2024

31,561

10,000

41,561

Additions

1,009

-

1,009

At 31 August 2025

32,570

10,000

42,570

DEPRECIATION

At 1 September 2024

30,405

8,000

38,405

Charge for year

1,185

2,000

3,185

At 31 August 2025

31,590

10,000

41,590

NET BOOK VALUE

At 31 August 2025

980

-

980

At 31 August 2024

1,156

2,000

3,156

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 September 2024

232,148

Additions

84,269

Disposals

(89,700

)

Revaluations

987

At 31 August 2025

227,704

NET BOOK VALUE

At 31 August 2025

227,704

At 31 August 2024

232,148

Cost or valuation at 31 August 2025 is represented by:

Other

investments

£

Valuation in 2022

360

Valuation in 2023

(2,350

)

Valuation in 2024

5,158

Valuation in 2025

987

Cost

223,549

227,704

Other fixed asset investments are represented by a listed managed equity based portfolio held within a collective investment account. Listed investments are held at fair value based on the market valuation, with changes in value charged or credited to the profit and loss account.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Tax

-

2,357

Prepayments and accrued income

25,206

92,196

25,206

94,553

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

5,163

5,035

Trade creditors

387

6,423

Taxation and social security

19,458

18,404

Other creditors

14,118

17,619

39,126

47,481

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans

-

5,162

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.8.25

31.8.24

£

£

Within one year

-

8,750

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

£

Bank loans

5,163

10,197

The bank loan is 100% secured by the government under the Bounce Back Loan Scheme.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

11,120,539

Ordinary

£0.00

1

11,120

11,120

17

B shares

£0.00

1

-

-

11,120

11,120

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Christopher Jarratt BA(Hons) BFP FCA (Senior Statutory Auditor)

for and on behalf of Andrews and Palmer Limited