Shillings Capital Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14948012

Shillings Capital Ltd

Filleted Unaudited Financial Statements

Year ended

30 June 2025

Shillings Capital Ltd

Financial Statements

Year ended 30 June 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Shillings Capital Ltd

Statement of Financial Position

30 June 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		143,238		143,238

Current assets

Cash at bank and in hand	3,742		1,605

Creditors: amounts falling due within one year	6	15,630		15,601
		--------		--------
Net current liabilities			11,888		13,996
			----------		----------
Total assets less current liabilities			131,350		129,242

Creditors: amounts falling due after more than one year	7	133,114	133,164
		----------	----------
Net liabilities		( 1,764)	( 3,922)
		----------	----------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 1,864)	( 4,022)
	-------	-------
Shareholders deficit	( 1,764)	( 3,922)
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 30 June 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 financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Shillings Capital Ltd

Statement of Financial Position (continued)

30 June 2025

These financial statements were approved by the board of directors and authorised for issue on 22 May 2026 , and are signed on behalf of the board by:

Mr M Shillings
Director

Company registration number: 14948012

Shillings Capital Ltd

Notes to the Financial Statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Gowdall Way, Howden, Goole, East Yorkshire, DN14 7JE, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Going concern

The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the director has considered the effect of these matters on the company with the information available to it and does not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the director has prepared these financial statements on a going concern basis. The financial statements show a profit for the period of £1,748. The Company has net liabilities at the Balance Sheet date of £2,174. The director has confirmed that he is willing to support the company for the foreseeable future. Therefore the going concern basis is applicable.

Revenue recognition

Turnover compromises revenue recognised by the company in respect of property management and rental income receivable.

Revenue from rents receivable is recognised in accordance with the terms of the relevant lease agreement.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Investment properties

Investment properties are initially recorded at cost, which included purchase price and any directly attributable expenditure.

Investment properties are revalued at their fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual agreement entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Freehold property
	£
Cost
At 1 July 2024 and 30 June 2025	143,238
	----------
Depreciation
At 1 July 2024 and 30 June 2025	–
	----------
Carrying amount
At 30 June 2025	143,238
	----------
At 30 June 2024	143,238
	----------

The investment property was valued in June 2025 by the director who has experience in the location and category of the investment property being valued.

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	630	601
Other creditors	15,000	15,000
	--------	--------
	15,630	15,601
	--------	--------

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	97,437	97,850
Other creditors	35,677	35,314
	----------	----------
	133,114	133,164
	----------	----------

8. Related party transactions

The director had a loan account with the company during the year. The balance owing to the director on 30 June 2025 was £ 50,677 - shown as due within one year £15,000, and after one year £35,677(2024 50,314 - shown as due within one year £15,000 and after one year £35,314).