Company registration number 11000301 (England and Wales)
SHAULS PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
SHAULS PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
SHAULS PROPERTIES LIMITED
BALANCE SHEET
AS AT 30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
108
370
Investment property
4
1,629,061
1,618,448
1,629,169
1,618,818
Current assets
Debtors
5
150,931
152,242
Cash at bank and in hand
60,245
43,606
211,176
195,848
Creditors: amounts falling due within one year
6
(57,682)
(56,158)
Net current assets
153,494
139,690
Total assets less current liabilities
1,782,663
1,758,508
Creditors: amounts falling due after more than one year
7
(83,333)
(97,500)
Provisions for liabilities
9
(10,278)
(10,344)
Net assets
1,689,052
1,650,664
Capital and reserves
Called up share capital
293,500
293,500
Non-distributable profits reserve
8
175,399
175,399
Distributable profit and loss reserves
1,220,153
1,181,765
Total equity
1,689,052
1,650,664

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

SHAULS PROPERTIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2025
30 September 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 17 April 2026 and are signed on its behalf by:
Mr M P Charlton
Mr T S Charlton
Director
Director
Company registration number 11000301 (England and Wales)
SHAULS PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 3 -
1
Accounting policies
Company information

Shauls Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Summit, Woodwater Park, Pynes Hill, Exeter, United Kingdom, EX2 5WS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Computers
25% per annum on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

SHAULS PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
4
4
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2024 and 30 September 2025
1,049
Depreciation and impairment
At 1 October 2024
679
Depreciation charged in the year
262
At 30 September 2025
941
Carrying amount
At 30 September 2025
108
At 30 September 2024
370
4
Investment property
2025
£
Fair value
At 1 October 2024
1,618,448
Additions
10,613
At 30 September 2025
1,629,061

The fair value of the investment property has been arrived at on the basis of a valuation carried out on 29 March 2023 by Vickery Holman Property Consultants, who are not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. Subsequent improvements to the property have been accounted for at cost.

SHAULS PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 5 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
4,125
4,125
Amounts owed by group undertakings
143,136
144,340
Other debtors
3,670
3,777
150,931
152,242
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
14,167
16,667
Taxation and social security
11,360
3,111
Other creditors
32,155
36,380
57,682
56,158
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
83,333
97,500

A bank loan with a total year end balance of £90,000 (2024: £96,667) is secured on the company's assets.

8
Non-distributable profits reserve
2025
2024
£
£
At the beginning and end of the year
175,399
175,399

Non-distributable reserves comprise revaluations of investment property, net of deferred tax provisions.

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