Company Registration Number: 10573731
FOR THE YEAR ENDED 31 MAY 2025
SHAMAN PROPERTIES LIMITED
REGISTERED NUMBER: 10573731
STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2025
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SHAMAN PROPERTIES LIMITED
REGISTERED NUMBER: 10573731
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2025
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 3 to 10 form part of these financial statements.
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SHAMAN PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
Shaman Properties Limited (the 'Company') is a private company limited by shares, registered and incorporated in England and Wales. The registered office is Whistler Drive, Castleford, West Yorkshire, WF10 5HX.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared in Sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared in Sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The following principal accounting policies have been applied:
At 31 May 2025, the company had net current liabilities of £12,024,124 (2024 - £2,929,570). Included within creditors falling due within one year is £2,540,512 (2024 - £2,645,216) owed to a fellow group undertaking. The directors have received a letter of support from the fellow group undertaking confirming that the £2.5m will not be requested for repayment for a minimum of 12 months from the date of approval of these financial statements.
The remaining net current liability position was the result of the HSBC term loan falling due for renewal in April 2026, as set out in note 10. At the time of approving the financial statements, the directors, having regard for the group of which the company is a member, have a reasonable expectation that the company will have adequate resources to continue in operational existence as the bank have given a positive indication that the banking facilities will be renewed.
The directors therefore believe that it is appropriate to prepare the financial statements on a going concern basis.
The remaining net current liability position was the result of the HSBC term loan falling due for renewal in April 2026, as set out in note 10. At the time of approving the financial statements, the directors, having regard for the group of which the company is a member, have a reasonable expectation that the company will have adequate resources to continue in operational existence as the bank have given a positive indication that the banking facilities will be renewed.
The directors therefore believe that it is appropriate to prepare the financial statements on a going concern basis.
Turnover represents amounts receivable for rental income. The turnover is recognised at the fair value of the consideration received or receivable in the normal course of business, and is shown net of VAT and other sales related taxes. Where rent is invoiced in arrears or in advance, adjustments are made to accrued income and deferred income respectively.
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SHAMAN PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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SHAMAN PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
2.Accounting policies (continued)
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
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SHAMAN PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
2.Accounting policies (continued)
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
Equity instruments issued by the company are recorded at the fair value of proceeds received net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
The company's audit fees for the year were borne by a fellow group undertaking.
The directors are also directors of other group companies. The directors consider that the qualifying services provided to this company by the directors, represents an insignificant proportion of the directors responsibilities and accordingly have concluded that a £Nil (2024 - £Nil) apportionment of remuneration is to be attributable to these services.
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SHAMAN PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
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SHAMAN PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
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SHAMAN PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
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SHAMAN PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
Profit and loss account
The smallest and largest group of which consolidated financial statements including the company are prepared is that headed by Shaman Investments Limited , a company with a registered office address of Whistler Drive, Castleford, West Yorkshire, WF10 5HX.
The audit report was signed on 22 December 2025 by Matthew Osbourne (Senior Statutory Auditor) on behalf of Armstrong Watson Audit Limited .
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