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Company No: 08014170 (England and Wales)

# SHINGLE PROPERTIES LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2026
Pages for filing with the registrar

SHINGLE PROPERTIES LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2026

Contents

SHINGLE PROPERTIES LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 31 March 2026
SHINGLE PROPERTIES LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 3,750,000 |  | 3,750,000
Investments | 4 | 300 |  | 0
|  | 3,750,300 |  | 3,750,000
Current assets |  |  |  |
Debtors | 5 | 13,865 |  | 14,991
Cash at bank and in hand |  | 2,836 |  | 12,033
|  | 16,701 |  | 27,024
Creditors: amounts falling due within one year | 6 | ( 44,761) |  | ( 41,083)
Net current liabilities |  | (28,060) |  | (14,059)
Total assets less current liabilities |  | 3,722,240 |  | 3,735,941
Provision for liabilities | 7 | ( 296,462) |  | ( 296,462)
Net assets |  | 3,425,778 |  | 3,439,479
Capital and reserves |  |  |  |
Called-up share capital |  | 2,143,538 |  | 2,143,538
Revaluation reserve |  | 1,135,539 |  | 1,135,539
Profit and loss account |  | 146,701 |  | 160,402
Total shareholders' funds |  | 3,425,778 |  | 3,439,479

For the financial year ending 31 March 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 financial statements for the financial year 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Shingle Properties Limited (registered number: 08014170) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Mr T Bent Director |

05 August 2026

SHINGLE PROPERTIES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2026
SHINGLE PROPERTIES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2026

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Shingle Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is White Sails 7, Back Lane, Blakeney, Holt, NR25 7NP, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the directors, on an open market value for existing use basis.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2026 |  | 2025
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 April 2025 | 3,750,000
As at 31 March 2026 | 3,750,000

Valuation

A full market valuation of investment property held by the Company was previously carried out by Pointens Independent Estate Agents having appropriate relevant professional qualifications and experience in the location and category of property being valued. The directors consider the valuation still reflects the open market value for existing use basis.

#### 4. Fixed asset investments

| 2026 |  | 2025
| £ |  | £
Subsidiary undertakings | 300 |  | 0

Investments in subsidiaries

| 2026
| £
Cost |
At 01 April 2025 | 0
Additions | 300
At 31 March 2026 | 300
Carrying value at 31 March 2026 | 300
Carrying value at 31 March 2025 | 0

On 17 February 2025 the Company subscribed for 100 £1 Ordinary shares in three newly incorporated companies; Shingle Beach Limited, Shingle View Limited and Shingle Oak Limited. This represents 100% ownership of each newly formed company, all of which remained dormant throughout the period to 31 March 2026.
Whilst these transactions arose in the previous financial year, the directors have assessed the omission as immaterial and therefore corrected in the current financial year without restating the comparative figure in accordance with Section 10 of FRS 102.

#### 5. Debtors

| 2026 |  | 2025
| £ |  | £
Trade debtors | 11,841 |  | 11,843
Accrued income | 2,024 |  | 3,148
| 13,865 |  | 14,991

#### 6. Creditors: amounts falling due within one year

| 2026 |  | 2025
| £ |  | £
Trade creditors | 13,019 |  | 15,332
Amounts owed to directors | 3,359 |  | 0
Accruals and deferred income | 12,689 |  | 8,517
Taxation and social security | 15,694 |  | 17,234
| 44,761 |  | 41,083

#### 7. Deferred tax

| 2026 |  | 2025
| £ |  | £
At the beginning of financial year | ( 296,462) |  | ( 296,462)
At the end of financial year | ( 296,462) |  | ( 296,462)

#### 8. Related party transactions

At the year end, the Company owed the directors £3,359 (2025 - £nil).

#### 9. Events after the Balance Sheet date

On 1 April 2026 the Company transferred to each of its three wholly owned subsidiaries, approximately one third in value of its residential investment properties, as part of a group reorganisation.