In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Andy Shaw Developments Limited for the year ended 31 December 2025 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Andy Shaw Developments Limited, as a body, in accordance with the terms of our engagement Our work has been undertaken solely to prepare for your approval the financial statements of Andy Shaw Developments Limited and state those matters that we have agreed to state to the board of directors of Andy Shaw Developments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Andy Shaw Developments Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Andy Shaw Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Andy Shaw Developments Limited. You consider that Andy Shaw Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Andy Shaw Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 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.

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

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

Andy Shaw Developments Limited is a private company limited by shares incorporated in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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

The directors do not receive any remuneration specifically for their services to this company. They are remunerated by another subsidiary undertaking.

Security has been granted to the bank over the investment in Shaw Estates Management Limited in relation to that company's indebtedness to the bank.

Details of the company's subsidiaries at 31 December 2025 are as follows:

On 30 January 2026, Waterside Grange Development Limited changed its name to Sandringham House Management Limited.

Security has been granted to the bank over the investment in Shaw Estates Management Limited in relation to that company's indebtedness to the bank. At 31 December 2025 the amount outstanding was £14,227,120 (2024 - £12,609,150).

ASD Contracts Limited is a related party because it is a subsidiary company. At the year end the company was owed £332,338 by this related party (2024 - owed £614,261 to this related party).

Shaw Estate Management Limited is a related party because it is a subsidiary company. At the year end the company was owed £3,506,737 by this related party (2024 - £4,849,788).

The Beeches Development Limited is a related party because it is a subsidiary company. At the year end the company was owed £802,586 by this related party (2024 - £810,273).

Inglenook Development Limited is a related party because it is a subsidiary company. At the year end the company was owed £241,215 by this related party (2024 - £235,072).

Shaw Estate Management 2 Limited is a related party because it is a subsidiary company. At the year end the company owed £100,609 to this related party (2024 - £77,302).

Waterside Grange Development Limited is a related party because it is a subsidiary company. At the year end the company was owed £139 by this related party (2024 - owed £171,663 to this related party).

Dividends totalling £160,000 (2024 - £338,225) were paid in the year in respect of shares held by the company's directors.

During the year the directors made advances totalling £160,000 and withdrawals totalling £405,536, leaving £404,464 (2024 - £650,000) owed to them at the year end. The loan is unsecured, interest-free, and carries no stipulation as to terms of repayment.