H Shackleton Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05583562

H Shackleton Limited

Filleted Unaudited Financial Statements

For the year ended

31 October 2025

H Shackleton Limited

Financial Statements

Year ended 31 October 2025

Contents	Page

Officers and professional advisers	1

Report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

H Shackleton Limited

Officers and Professional Advisers

The board of directors	Mr I J Shackleton
	Mr G J Shackleton

Company secretary	Mr I J Shackleton

Registered office	1 Nevill Street
	Abergavenny
	Monmouthshire
	Wales
	NP7 5AA

Accountants	Clay Shaw Thomas Ltd

	2 Oldfield Road
	Bocam Park
	Bridgend
	CF35 5LJ

Bankers	Lloyds Bank Plc
	54-55 Cross Street
	Abergavenny
	Monmouthshire
	NP7 5HB

H Shackleton Limited

Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of H Shackleton Limited

Year ended 31 October 2025

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 October 2025, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Clay Shaw Thomas Ltd

2 Oldfield Road Bocam Park Bridgend CF35 5LJ

3 July 2026

H Shackleton Limited

Statement of Financial Position

31 October 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	–	197,000
Tangible assets	6	1,694,803	1,754,394
		------------	------------
		1,694,803	1,951,394

Current assets

Stocks		527,016	531,507
Debtors	7	1,086,179	1,353,359
Cash at bank and in hand		605,853	68,692
		------------	------------
		2,219,048	1,953,558

Creditors: amounts falling due within one year	8	2,396,903		2,254,013
		------------		------------
Net current liabilities			177,855	300,455
			------------	------------
Total assets less current liabilities			1,516,948	1,650,939

Creditors: amounts falling due after more than one year	9		514,365	655,899

Provisions

Taxation including deferred tax	58,328	66,624
	------------	------------
Net assets	944,255	928,416
	------------	------------

Capital and reserves

Called up share capital	10,000	10,000
Profit and loss account	934,255	918,416
	---------	---------
Shareholders funds	944,255	928,416
	---------	---------

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 income and retained earnings has not been delivered.

For the year ending 31 October 2025 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

H Shackleton Limited

Statement of Financial Position (continued)

31 October 2025

These financial statements were approved by the board of directors and authorised for issue on 3 July 2026 , and are signed on behalf of the board by:

Mr I J Shackleton

Director

Company registration number: 05583562

H Shackleton Limited

Notes to the Financial Statements

Year ended 31 October 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 1 Nevill Street, Abergavenny, Monmouthshire, NP7 5AA, Wales.

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.

Revenue recognition

The turnover shown in the profit and loss account represents amounts receivable during the year, exclusive of Value Added Tax in line with the company's principal activity which is that of a pharmacy. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	5% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line after deduction for site costs
Plant and machinery	-	25% straight line
Motor vehicles	-	25% reducing balance
Equipment	-	15% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

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 entity after deducting all of its financial liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 49 (2024: 55 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 November 2024 and 31 October 2025	4,003,000
	------------
Amortisation
At 1 November 2024	3,806,000
Charge for the year	197,000
	------------
At 31 October 2025	4,003,000
	------------
Carrying amount
At 31 October 2025	–
	------------
At 31 October 2024	197,000
	------------

6. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 November 2024	1,526,579	63,634	93,053	566,777	2,250,043
Additions	–	–	25,800	10,767	36,567
Disposals	–	–	–	( 24,084)	( 24,084)
	------------	--------	---------	---------	------------
At 31 October 2025	1,526,579	63,634	118,853	553,460	2,262,526
	------------	--------	---------	---------	------------
Depreciation
At 1 November 2024	141,610	54,837	56,423	242,779	495,649
Charge for the year	20,230	5,724	11,341	48,612	85,907
Disposals	–	–	–	( 13,833)	( 13,833)
	------------	--------	---------	---------	------------
At 31 October 2025	161,840	60,561	67,764	277,558	567,723
	------------	--------	---------	---------	------------
Carrying amount
At 31 October 2025	1,364,739	3,073	51,089	275,902	1,694,803
	------------	--------	---------	---------	------------
At 31 October 2024	1,384,969	8,797	36,630	323,998	1,754,394
	------------	--------	---------	---------	------------

7. Debtors

	2025	2024
	£	£
Trade debtors	689,461	1,247,012
Other debtors	396,718	106,347
	------------	------------
	1,086,179	1,353,359
	------------	------------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	133,841	129,481
Trade creditors	1,132,638	1,133,277
Amounts owed to group undertakings	820,004	740,804
Social security and other taxes	184,676	175,602
Other creditors	125,744	74,849
	------------	------------
	2,396,903	2,254,013
	------------	------------

Included in the above are secured creditors amounting to £133,841 (2024:£129,481).

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

	2025	2024
	£	£
Bank loans and overdrafts	514,365	655,899
	---------	---------

Included within creditors: amounts falling due after more than one year is an amount of £208,092 (2024: £182,866) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	22,200	19,200
	--------	--------

11. Directors' advances, credits and guarantees

Included in debtors are the following amounts owed from the director.

		I Shackleton
		£
	Balance owed from director at 1 November 2024	181,771
	Introduced	(200,000)
	Withdrawn	306,473
		---------
	Balance owed from director at 31 October 2025	288,244
		---------

12. Related party transactions

The company paid rent of £63,600 (2024:£63,600) during the year to the directors. The security for the bank overdraft and loan includes a charge on the properties used by the business but owned by the directors. During the year the company purchased goods from Chave and Jackson Limited in which the directors have a participating interest. The value of these transaction was £27,397 (2024:£6,653). It also sold goods and services to Chave and Jackson totalling £24,021 (2024:£22,868). The total amount owed to Chave and Jackson at the year end was £820,004 (2024; £740,804).

13. Parent company

The company is a wholly owned subsidiary of H Shackleton (Holdings) Limited., a company incorporated in England and Wales.