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Registered number: 5244280
Shiv Property Management Limited
Financial Statements
For The Year Ended 30 November 2025
APR Accountancy Services
Shan House
80-86 North Street
Keighley
West Yorkshire
BD21 3AF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 5244280
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,030,437 2,016,222
Investments 5 16,221 16,221
2,046,658 2,032,443
CURRENT ASSETS
Stocks 6 394,753 -
Debtors 7 176,478 2,418
Cash at bank and in hand 583,339 4,703
1,154,570 7,121
Creditors: Amounts Falling Due Within One Year 8 (1,606,831 ) (173,758 )
NET CURRENT ASSETS (LIABILITIES) (452,261 ) (166,637 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,594,397 1,865,806
Creditors: Amounts Falling Due After More Than One Year 9 (129,881 ) (419,112 )
NET ASSETS 1,464,516 1,446,694
CAPITAL AND RESERVES
Called up share capital 11 2 2
Revaluation reserve 12 1,123,271 1,123,271
Profit and Loss Account 341,243 323,421
SHAREHOLDERS' FUNDS 1,464,516 1,446,694
Page 1
Page 2
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ramith Abrol
Director
05/06/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Shiv Property Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 5244280 . The registered office is Eden Chapel Building, Chapel Lane, Keighley, BD21 2AJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
The company's turnover consists primarily of commercial and residential property rental income, and from building projects.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation is provided on freehold property as the Director deems the residual value will be in excess of the cost
Plant & Machinery 25% RB
Motor Vehicles 20% RB
Fixtures & Fittings 25% RB
Computer Equipment 25% RB
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 December 2024 1,975,000 18,391 31,995 25,383
Additions - 1,574 24,649 354
As at 30 November 2025 1,975,000 19,965 56,644 25,737
Depreciation
As at 1 December 2024 - 7,459 6,399 21,929
Provided during the period - 3,127 10,049 952
As at 30 November 2025 - 10,586 16,448 22,881
Net Book Value
As at 30 November 2025 1,975,000 9,379 40,196 2,856
As at 1 December 2024 1,975,000 10,932 25,596 3,454
Computer Equipment Total
£ £
Cost
As at 1 December 2024 7,072 2,057,841
Additions 2,768 29,345
As at 30 November 2025 9,840 2,087,186
Depreciation
As at 1 December 2024 5,832 41,619
Provided during the period 1,002 15,130
As at 30 November 2025 6,834 56,749
Net Book Value
As at 30 November 2025 3,006 2,030,437
As at 1 December 2024 1,240 2,016,222
Page 4
Page 5
5. Investments
Unlisted
£
Cost or Valuation
As at 1 December 2024 16,221
As at 30 November 2025 16,221
Provision
As at 1 December 2024 -
As at 30 November 2025 -
Net Book Value
As at 30 November 2025 16,221
As at 1 December 2024 16,221
6. Stocks
2025 2024
£ £
Construction work in progress 394,753 -
7. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 148,574 1,358
Other debtors 6,885 200
VAT 21,019 860
176,478 2,418
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 9,362 4,512
Trade creditors 45,770 8,639
Bank loans and overdrafts 1,410,500 41,400
Corporation tax 60,531 59,593
Other taxes and social security 467 320
Other creditors 38,935 28,174
Accruals and deferred income 1,099 878
Director's loan account 40,167 30,242
1,606,831 173,758
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9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 39,981 27,121
Other loans 89,900 72,600
Bank loans - 319,391
129,881 419,112
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 9,362 4,512
Later than one year and not later than five years 39,981 27,121
49,343 31,633
49,343 31,633
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
12. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 December 2024 1,123,271 323,421
Profit for the year and total comprehensive income - 17,822
As at 30 November 2025 1,123,271 341,243
13. Ultimate Controlling Party
The company's ultimate controlling party is the director by virtue of his ownership of 100% of the issued share capital in the company.
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