REGISTERED NUMBER: 11392137 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

SHOEBOX CAPITAL LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr B S Crouch

REGISTERED OFFICE:

Smith House

George Street

Nailsworth

Stroud

Glloucestershire

GL6 0AG

REGISTERED NUMBER:

11392137 (England and Wales)

ACCOUNTANTS:

Shiner Mitchell Fisher & Co Ltd

Smith House

George Street

Nailsworth

Stroud

Gloucestershire

GL6 0AG

FIXED ASSETS

Investment property

4

1,374,563

1,324,563

CURRENT ASSETS

Debtors

5

535

535

Cash at bank

3,268

627

3,803

1,162

CREDITORS

Amounts falling due within one year

6

265,100

227,673

NET CURRENT LIABILITIES

(261,297

)

(226,511

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,113,266

1,098,052

CREDITORS

Amounts falling due after more than one year

7

(876,425

)

(883,192

)

PROVISIONS FOR LIABILITIES

(56,836

)

(47,949

)

NET ASSETS

180,005

166,911

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

179,905

166,811

180,005

166,911

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 August 2026 and were signed by:

Mr B S Crouch - Director

1.	STATUTORY INFORMATION

Shoebox Capital Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Rental income is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

1,324,563

Additions

3,227

Revaluations

46,773

At 31 December 2025

1,374,563

NET BOOK VALUE

At 31 December 2025

1,374,563

At 31 December 2024

1,324,563

Fair value at 31 December 2025 is represented by:

£

Valuation in 2021

83,289

Valuation in 2022

55,000

Valuation in 2023

10,822

Valuation in 2024

103,250

Valuation in 2025

46,773

Cost

1,075,429

1,374,563

If investment property had not been revalued it would have been included at the following historical cost:

31.12.25

31.12.24

£

£

Cost

1,075,429

1,072,202

Investment property was valued on an open market basis on 31 December 2025 by the director .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Other debtors

535

535

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

6,750

6,750

Amounts owed to group undertakings

102,583

51,050

Other creditors

155,767

169,873

265,100

227,673

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

876,425

883,192

31.12.25

31.12.24

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans

850,469

856,192

8.	RELATED PARTY DISCLOSURES

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Shoebox Group Holdings Ltd.

The ultimate controlling party is Mr B S Crouch.

.