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Registered number: 06905138
Shouson Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2025
Shouson Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Shouson Ltd
Balance Sheet
As At 31 May 2025
Balance Sheet
Registered number: 06905138

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 1,404,999 |  | 1,404,999
|  |  | 1,404,999 |  | 1,404,999
CURRENT ASSETS
Debtors | 5 | 1,594 |  | 1,594 |
Cash at bank and in hand |  | 3,280 |  | 7,510 |
|  | 4,874 |  | 9,104 |
Creditors: Amounts Falling Due Within One Year | 6 | (430,069 ) |  | (430,060 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (425,195 ) |  | (420,956 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 979,804 |  | 984,043
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (308,975 ) |  | (308,975 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (120,276 ) |  | (120,749 )
NET ASSETS |  |  | 550,553 |  | 554,319
CAPITAL AND RESERVES
Called up share capital | 10 |  | 2 |  | 2
Fair value reserve |  |  | 514,780 |  | 514,780
Profit and Loss Account |  |  | 35,771 |  | 39,537
SHAREHOLDERS' FUNDS |  |  | 550,553 |  | 554,319

Page 1
Page 2
Shouson Ltd
Balance Sheet (continued)
As At 31 May 2025
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Guy Priestley Director
28th July 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Shouson Ltd
Notes to the Financial Statements
For The Year Ended 31 May 2025
Notes to the Financial Statements
1. General Information
Shouson Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06905138 . The registered office is 3 Royal Crescent, Cheltenham, Gloucestershire, GL50 3DA.
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. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover is measured at the fair value of the rent receivable.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings | 25% Straight Line

2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
Shouson Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets

| Investment Properties | Fixtures & Fittings | Total
--- | --- | --- | ---
| £ | £ | £
Cost or Valuation
As at 1 June 2024 | 1,404,999 | 3,495 | 1,408,494
As at 31 May 2025 | 1,404,999 | 3,495 | 1,408,494
Depreciation
As at 1 June 2024 | - | 3,495 | 3,495
As at 31 May 2025 | - | 3,495 | 3,495
Net Book Value
As at 31 May 2025 | 1,404,999 | - | 1,404,999
As at 1 June 2024 | 1,404,999 | - | 1,404,999

Cost or valuation as at 31 May 2025 represented by:

| Investment Properties | Fixtures & Fittings | Total
--- | --- | --- | ---
| £ | £ | £
At cost | 769,470 | 3,495 | 772,965
At valuation | 635,529 | - | 635,529
| 1,404,999 | 3,495 | 1,408,494

Investment property was valued on an open market basis on 31st May 2025 by the director.
5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Corporation tax recoverable assets | 1,594 |  | 1,594

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Corporation tax | - |  | 2,279
Other creditors | 252,726 |  | 238,906
Accruals and deferred income | 1,949 |  | 1,871
Director's loan account | 175,394 |  | 187,004
| 430,069 |  | 430,060

Page 4
Page 5
Shouson Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
7. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 308,975 |  | 308,975

The bank has a floating charge over Flat 7, G Block, Peabody Estate, Fulham Palace Road, W6 9PT and Flat 20, Gordon House W5 1EY.
8. Secured Creditors
Of the creditors the following amounts are secured.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 308,975 |  | 308,975

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 2 |  | 2

Page 5