Shannon Leona Ltd - Filleted accounts

Shannon Leona Ltd
Registered number:		12259558
Balance Sheet
as at 31 October 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		304			609
Investments	4		77,810			93,273
			78,114			93,882

Current assets
Debtors	5	42,595			36,978
Cash at bank and in hand		36,916			4,545
		79,511			41,523

Creditors: amounts falling due within one year	7	(17,979)			(37,738)

Net current assets			61,532			3,785

Net assets			139,646			97,667

Capital and reserves
Called up share capital			1			1
Profit and loss account			139,645			97,666

Shareholder's funds			139,646			97,667

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




S Craver
Director
Approved by the board on 27 August 2026

Shannon Leona Ltd
Notes to the Accounts
for the year ended 31 October 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 3 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		1		1


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 November 2024				9,110
	At 31 October 2025				9,110

	Depreciation
	At 1 November 2024				8,501
	Charge for the year				305
	At 31 October 2025				8,806

	Net book value
	At 31 October 2025				304
	At 31 October 2024				609


4	Investments

Other
investments
£
	Cost
	At 1 November 2024				93,273
	Additions				30,000
	Revaluation				5,118
	Disposals				(50,581)

	At 31 October 2025				77,810


5	Debtors		2025		2024
£				£

	Trade debtors		31,740		35,575
	Other debtors		10,855		1,403
			42,595		36,978


6	Investments held as current assets		2025		2024
£				£
	Fair value

	Increase/(decrease) in fair value included in the profit and loss account for the financial year
	Listed investments		4,453		-



7	Creditors: amounts falling due within one year		2025		2024
£				£

	Taxation and social security costs		17,979		37,738


8	Other information

	Shannon Leona Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	The Old Bakery
	Camden Road
	Tunbridge Wells
	TN1 2QP