Shropshire Heat Limited 07305516 false 2025-02-01 2026-01-31 2026-01-31 The principal activity of the company is that of a holding company. Digita Accounts Production Advanced 6.30.9574.0 false true true 07305516 2025-02-01 2026-01-31 07305516 2026-01-31 07305516 bus:OrdinaryShareClass1 2026-01-31 07305516 core:CurrentFinancialInstruments 2026-01-31 07305516 core:CurrentFinancialInstruments core:WithinOneYear 2026-01-31 07305516 core:FurnitureFittings 2026-01-31 07305516 bus:SmallEntities 2025-02-01 2026-01-31 07305516 bus:AuditExemptWithAccountantsReport 2025-02-01 2026-01-31 07305516 bus:FilletedAccounts 2025-02-01 2026-01-31 07305516 bus:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 07305516 bus:RegisteredOffice 2025-02-01 2026-01-31 07305516 bus:Director2 2025-02-01 2026-01-31 07305516 bus:OrdinaryShareClass1 2025-02-01 2026-01-31 07305516 bus:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 07305516 core:FurnitureFittings 2025-02-01 2026-01-31 07305516 core:AllSubsidiaries 2025-02-01 2026-01-31 07305516 core:OtherRelatedParties 2025-02-01 2026-01-31 07305516 core:Subsidiary1 2025-02-01 2026-01-31 07305516 core:Subsidiary1 1 2025-02-01 2026-01-31 07305516 countries:UnitedKingdom 2025-02-01 2026-01-31 07305516 2025-01-31 07305516 core:CostValuation 2025-01-31 07305516 core:FurnitureFittings 2025-01-31 07305516 2024-02-01 2025-01-31 07305516 2025-01-31 07305516 bus:OrdinaryShareClass1 2025-01-31 07305516 core:CurrentFinancialInstruments 2025-01-31 07305516 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 07305516 core:FurnitureFittings 2025-01-31 07305516 core:RevaluationReserve core:LandBuildings 2024-02-01 2025-01-31 07305516 core:LandBuildings 2024-02-01 2025-01-31 07305516 core:Subsidiary1 1 2024-02-01 2025-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07305516

Shropshire Heat Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 January 2026

Shropshire Heat Limited

(Registration number: 07305516)
Balance Sheet as at 31 January 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 902 | 1,203
Investment property | 5 | 1,535,000 | 1,535,000
Investments | 6 | 100 | 100
|  | 1,536,002 | 1,536,303
Current assets |  |  |
Debtors | 7 | 351,435 | 319,789
Cash at bank and in hand |  | 29,333 | 55,408
|  | 380,768 | 375,197
Creditors: Amounts falling due within one year | 8 | (415,708) | (448,990)
Net current liabilities |  | (34,940) | (73,793)
Total assets less current liabilities |  | 1,501,062 | 1,462,510
Provisions for liabilities |  | (194,500) | (194,500)
Net assets |  | 1,306,562 | 1,268,010
Capital and reserves |  |  |
Called up share capital | 9 | 300 | 300
Revaluation reserve |  | 583,123 | 583,123
Retained earnings |  | 723,139 | 684,587
Shareholders' funds |  | 1,306,562 | 1,268,010

For the financial year ending 31 January 2026 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.

Shropshire Heat Limited

(Registration number: 07305516)
Balance Sheet as at 31 January 2026

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 Profit and Loss Account.

Approved and authorised by the Board on 22 April 2026 and signed on its behalf by:

......................................... GJ Swinnerton Director

Shropshire Heat Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1 | General information

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

The address of its registered office is:
The Parvels
Goldstone Road
Hinstock
Market Drayton
Salop
TF9 2ND

These financial statements were authorised for issue by the Board on 22 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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of 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 corporation 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 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.

Shropshire Heat Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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
Fixtures and fittings | 25% on a reducing balance basis.

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.

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.

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.

Shropshire Heat Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. 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.

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 at the transaction price.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

Shropshire Heat Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

4 | Tangible assets

| Fixtures and fittings £ | Total £
Cost or valuation
At 1 February 2025 | 14,208 | 14,208
At 31 January 2026 | 14,208 | 14,208
Depreciation
At 1 February 2025 | 13,005 | 13,005
Charge for the year | 301 | 301
At 31 January 2026 | 13,306 | 13,306
Carrying amount
At 31 January 2026 | 902 | 902
At 31 January 2025 | 1,203 | 1,203

5 | Investment properties

| 2026 £
At 1 February | 1,535,000
At 31 January | 1,535,000

There has been no independent professional valuation of investment properties by a valuer during the year. The directors have assessed the current market value of the investment properties and consider that they represent fair value

6 | Investments

| 2026 £ | 2025 £
Investments in subsidiaries | 100 | 100

Subsidiaries | £
Cost or valuation
At 1 February 2025 | 100
Provision
Carrying amount
At 31 January 2026 | 100
At 31 January 2025 | 100

Shropshire Heat Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2026 | 2025
Subsidiary undertakings
RGS Construction Ltd | The Parvels Goldstone Road Hinstock Market Drayton TF9 2ND | Ordinary Shares | 100% | 100%

Subsidiary undertakings
RGS Construction Ltd The principal activity of RGS Construction Ltd is that of groundworks, electrical works, suppliers and installers of gates and log burners..

7 | Debtors

| Note | 2026 £ | 2025 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 11 | 348,322 | 315,822
Prepayments |  | 3,113 | 3,967
|  | 351,435 | 319,789

Shropshire Heat Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

8 | Creditors

Creditors: amounts falling due within one year

| 2026 £ | 2025 £
Due within one year |  |
Trade creditors | 41 | 40
Taxation and social security | 18,458 | 17,012
Accruals and deferred income | 37,597 | 32,310
Other creditors | 359,612 | 399,628
| 415,708 | 448,990

9 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary shares of £1 each | 300 | 300 | 300 | 300

10 | Reserves

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

| Revaluation reserve £ | Total £
Surplus/deficit on property, plant and equipment revaluation | (46,650) | (46,650)

Shropshire Heat Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

11 | Related party transactions

Summary of transactions with subsidiaries

RGS Construction Ltd (subsidiary) At the balance sheet date the amount due from RGS Construction Ltd was £348,322 (2025 - £315,822).

Summary of transactions with other related parties

Chester Road (Hinstock) Developments Ltd - a company controlled by Mr G J Swinnerton. At the balance sheet date the amount due to Chester Road (Hinstock) Developments Ltd and included within other creditors was £131,000 (2025 - £131,000)