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Registration number: 00916220

Shamash Holdings Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 July 2025

Shamash Holdings Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 8

Shamash Holdings Limited

(Registration number: 00916220)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 105 | 132
Investment property | 5 | 17,059,314 | 17,059,314
|  | 17,059,419 | 17,059,446
Current assets |  |  |
Debtors | 6 | 7,584,150 | 2,778,270
Investments | 7 | 800,000 | 5,202,200
Cash at bank and in hand |  | 270,706 | 278,732
|  | 8,654,856 | 8,259,202
Creditors: Amounts falling due within one year | 8 | (1,836,510) | (1,821,213)
Net current assets |  | 6,818,346 | 6,437,989
Total assets less current liabilities |  | 23,877,765 | 23,497,435
Creditors: Amounts falling due after more than one year | 8 | (4,650,000) | (4,650,000)
Provisions for liabilities |  | (1,238,961) | (1,238,961)
Net assets |  | 17,988,804 | 17,608,474
Capital and reserves |  |  |
Called up share capital | 9 | 3,584 | 3,584
Share premium reserve |  | 16,024,938 | 16,024,938
Profit and loss account |  | 1,960,282 | 1,579,952
Shareholders' funds |  | 17,988,804 | 17,608,474

Shamash Holdings Limited

(Registration number: 00916220)
Balance Sheet as at 31 July 2025

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.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 April 2026

......................................... Charles Shamash Director

Shamash Holdings Limited

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 and Wales.

The address of its registered office is:
C/O Sterlings Ltd
Lawford House
Albert Place
London
N3 1QA
England

These financial statements were authorised for issue by the director on 8 April 2026.

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 presented in Sterling, which is the functional currency of the company. Monetary amounts in the financial statements are rounded to the nearest Pound (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Shamash Holdings Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet 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:

Asset class | Depreciation method and rate
| 20% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, 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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Shamash Holdings Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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 profit and loss account 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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

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

Shamash Holdings Limited

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

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 August 2024 | 9,384 | 9,384
At 31 July 2025 | 9,384 | 9,384
Depreciation
At 1 August 2024 | 9,252 | 9,252
Charge for the year | 27 | 27
At 31 July 2025 | 9,279 | 9,279
Carrying amount
At 31 July 2025 | 105 | 105
At 31 July 2024 | 132 | 132

5 | Investment properties

| 2025 £
At 1 August | 17,059,314
At 31 July | 17,059,314

There has been no valuation of investment property by an independent valuer.

6 | Debtors

| Note | 2025 £ | 2024 £
Amounts owed by related parties | 11 | 2,757,627 | 2,732,068
Other debtors |  | 4,799,165 | 24,106
Prepayments |  | 27,358 | 22,096
|  | 7,584,150 | 2,778,270

7 | Current asset investments

| 2025 £ | 2024 £
Other investments | 800,000 | 5,202,200

Shamash Holdings Limited

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

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 139,648 | 127,607
Accruals and deferred income | 6,105 | 10,568
Other creditors | 1,690,757 | 1,683,038
| 1,836,510 | 1,821,213

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 10 | 4,650,000 | 4,650,000

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 3,584 | 3,584 | 3,584 | 3,584

10 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 4,650,000 | 4,650,000

Shamash Holdings Limited

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

11 | Related party transactions

Included within other debtors is an amount of £2,260,393 (2024 - £2,251,000) owed by connected companies in which the directors have a beneficial interest. The loans are provided interest free. There are no formal terms and conditions regarding the repayment of the loans.
Included within other debtors is an amount of £4,799,165 (2024 - £NIL) owed by the director. The loan was repaid in March 2026
Included within other creditors is an amount of £1,500,000 (2024 - £1,500,000) owed to connected companies in which the directors have a beneficial interest. The loans are provided interest free. There are no formal terms and conditions regarding the repayment of the loans.