REGISTERED NUMBER: 03306634 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 SEPTEMBER 2025

FOR

SYSTEMSHARE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M J Barrett

REGISTERED OFFICE:

Brookside Business Park

Brookside Park Uttoxeter

Staffordshire

ST14 8AT

REGISTERED NUMBER:

03306634 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

Black Country House

Rounds Green Road

Oldbury

West Midlands

B69 2DG

FIXED ASSETS

Investment property

4

600,000

1,800,000

CURRENT ASSETS

Debtors

5

759,099

528,992

Cash at bank

4,260

4,837

763,359

533,829

CREDITORS

Amounts falling due within one year

6

2,327,279

3,258,944

NET CURRENT LIABILITIES

(1,563,920

)

(2,725,115

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(963,920

)

(925,115

)

CAPITAL AND RESERVES

Called up share capital

1

1

Revaluation reserve

178,248

-

Retained earnings

(1,142,169

)

(925,116

)

(963,920

)

(925,115

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 September 2026 and were signed by:

M J Barrett - Director

1.	STATUTORY INFORMATION

Systemshare Limited is a private company limited by shares (registered number 03306634), which is incorporated in the UK. The trading address and registered office is Brookland Business Park, Uttoxeter, Staffordshire, ST14 8AT.

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.

Turnover

Turnover comprises revenue recognised by the Company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts. Revenue is recognised at the point of dispatch or when the services are provided.

Rental income is recognised in the period to which it relates.

Investment property

Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of income and retained earnings.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Going concern

Due to cross-guarantees within the Group, the Company’s ability to continue as a going concern depends on the financial position of the wider Group. Following a review of the Group’s forecasts, cash flows and funding position, the Directors have concluded that the Group is unlikely to have sufficient resources to continue for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

Fair value

At 29 September 2024

1,800,000

Disposals

(1,200,000

)

At 28 September 2025

600,000

Net book value

At 28 September 2025

600,000

At 28 September 2024

1,800,000

The historic cost of the land and buildings is £421,752 (2024: £2,664,429). Investment properties were revalued by the director on an open market basis on 28 September 2025.

An investment property with a carrying value of £1,200,000 was sold during the year. The disposal generated sales proceeds of £1,200,000 and resulted in a loss on disposal of £7,996. This loss has been recognised in the income statement.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

252,866

17,876

Amounts owed by group undertakings

505,055

464,277

Other debtors

1,178

46,839

759,099

528,992

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

34,221

80,311

Amounts owed to group undertakings

2,168,169

3,141,510

Taxation and social security

-

2,294

Other creditors

124,889

34,829

2,327,279

3,258,944

7.	ULTIMATE CONTROLLING PARTY

The Company's parent undertaking at the Balance sheet date was M J Barrett Group Limited, a Company incorporated in England and Wales. Copies of these financial statements are available from the Company's registered office, Brookside Business Park, Uttoxeter, ST14 8AT.

The Company is controlled by M J Barrett who owns 100% of the issued share capital of M J Barrett Group Limited.