Company No: 10215183 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Investments	3	900,000		900,000
		900,000		900,000
Current assets
Cash at bank and in hand		5,881		6,874
		5,881		6,874
Net current assets		5,881		6,874
Total assets less current liabilities		905,881		906,874
Creditors: amounts falling due after more than one year	4	( 150,021)		( 150,021)
Net assets		755,860		756,853
Capital and reserves
Called-up share capital		100		100
Capital redemption reserve		274,974		274,974
Profit and loss account		480,786		481,779
Total shareholders' funds		755,860		756,853

For the financial year ending 31 May 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of The Shutter Shop Holdings Limited (registered number: 10215183) were approved and authorised for issue by the Board of Directors on 02 January 2026. They were signed on its behalf by:

B Kelly Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Shutter Shop Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 102 Waterford Road, London, SW6 2HA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably.

Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Other financial liabilities
Preference shares that create a financial liability are presented as a liability in the balance sheet and initially measured at fair value net of transaction costs. The initial fair value of the liability component is determined using a market rate for an equivalent liability. The remainder of the proceeds on issue are allocated to equity and included in shareholders’ equity, net of transaction costs. Subsequent measurement of the liability is measured at amortised cost. The carrying amount of the equity component is not re-measured in subsequent years.

Dividends paid relating to the liability component are charged as an interest expense in the profit and loss.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 June 2024	900,000
At 31 May 2025	900,000
Carrying value at 31 May 2025	900,000
Carrying value at 31 May 2024	900,000

4. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Other creditors	150,021		150,021

There are no amounts included above in respect of which any security has been given by the small entity.