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Registration number: 13386075

Shires Stability Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 July 2025

Shires Stability Ltd

Contents

Statement of Financial Position | 1
Notes to the Unaudited Financial Statements | 2 to 7

Shires Stability Ltd

(Registration number: 13386075)
Statement of Financial Position as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 996,519 | -
Investments | 5 | 11 | -
|  | 996,530 | -
Current assets |  |  |
Debtors | 6 | 8,833,825 | 1,540
Cash at bank and in hand |  | 1,257,525 | 52
|  | 10,091,350 | 1,592
Creditors: Amounts falling due within one year | 7 | (7,239,577) | (17,547)
Net current assets/(liabilities) |  | 2,851,773 | (15,955)
Total assets less current liabilities |  | 3,848,303 | (15,955)
Creditors: Amounts falling due after more than one year | 7 | (5,250,000) | -
Net liabilities |  | (1,401,697) | (15,955)
Capital and reserves |  |  |
Called up share capital | 8 | 1 | 1
Profit and loss account | 9 | (1,401,698) | (15,956)
Shareholders' deficit |  | (1,401,697) | (15,955)

For the financial year ending 31 July 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 30 January 2026 and signed on its behalf by:

Dr M J Thomas Director

Shires Stability Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
4th Floor
The Quadrangle
Imperial Square
Cheltenham
Gloucestershire
GL50 1PZ

Principal activity

The principal activity of the company is the trade of the provision of management and technical services relating to the production and sale of electricity.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis. There is a deficit position on
net current assets, but this is due to amounts owed to parent or other group companies which will not
be paid within 12 months unless the company is able to do so. Given these amounts are repayable on
demand they are still treated as creditors due in less than a year. The company was solvent as at the date of the dividend being paid, and is only insolvent owing to financing costs which occurred afterwards.

Shires Stability Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

2 | Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Shires Stability Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

2 | Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Shires Stability Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

4 | Tangible assets

| Properties under construction £ | Total £
Cost or valuation
Additions | 996,519 | 996,519
At 31 July 2025 | 996,519 | 996,519
Depreciation
Carrying amount
At 31 July 2025 | 996,519 | 996,519

5 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 11 | -

Subsidiaries | £
Cost or valuation
Additions | 21
Disposals | (10)
At 31 July 2025 | 11
Provision
Carrying amount
At 31 July 2025 | 11

6 | Debtors

| Note | 2025 £ | 2024 £
Amounts owed by related parties | 11 | 8,212,129 | -
Other debtors |  | 81,696 | 1,540
Prepayments |  | 540,000 | -
|  | 8,833,825 | 1,540

Shires Stability Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Loans and borrowings | 10 | 7,000,000 | -
Trade creditors |  | 117,454 | -
Amounts owed to group undertakings | 11 | 1 | 16,047
Accruals and deferred income |  | 122,122 | 1,500
|  | 7,239,577 | 17,547

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Loans and borrowings | 10 | 5,250,000 | -

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £0.0001 each | 10,000 | 1 | 10,000 | 1

9 | Reserves

Profit and loss account:
This reserve records retained earnings and accumulated losses.

Shires Stability Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

10 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 5,250,000 | -

Current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 7,000,000 | -

11 | Related party transactions

Transactions with group companies
The company has taken advantage of the exemption provided by FRS 102 s33.1A whereby disclosures need not be given of transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transaction is wholly owned by such a member.