Shorestone Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2

Registered number: 14897076

		31 March 2025		31 March 2024
	Notes	€	€	€	€
FIXED ASSETS
Investments	4		20,445,202		18,695,202

			20,445,202		18,695,202
CURRENT ASSETS
Cash at bank and in hand		43,418		20,242

		43,418		20,242
Creditors: Amounts Falling Due Within One Year	5	(22,828,640 )		(19,153,934 )

NET CURRENT ASSETS (LIABILITIES)			(22,785,222 )		(19,133,692 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(2,340,020 )		(438,490 )

NET LIABILITIES			(2,340,020 )		(438,490 )

CAPITAL AND RESERVES
Called up share capital	6		115		115
Profit and Loss Account			(2,340,135 )		(438,605 )

SHAREHOLDERS' FUNDS			(2,340,020)		(438,490)

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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr B Keith

Director

24 December 2025

The notes on page 2 form part of these financial statements.

1. General Information

Shorestone Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14897076 . The registered office is Star House, 255 Old Shoreham Road, Hove, BN3 7ED.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Investments

	Subsidiaries
	€
Cost or Valuation
As at 1 April 2024	18,695,202
Additions	1,750,000

As at 31 March 2025	20,445,202

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	20,445,202

As at 1 April 2024	18,695,202

5. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	€	€
Amounts owed to group undertakings	22,377,914	18,889,317
Amounts owed to participating interests	448,915	263,237
Other creditors	1,811	1,380

	22,828,640	19,153,934

6. Share Capital

	31 March 2025	31 March 2024
	€	€
Allotted, Called up and fully paid	115	115