Registration number: 00916220

Shamash Holdings Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

Shamash Holdings Limited

(Registration number: 00916220)
Balance Sheet as at 31 July 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	84	105
Investment property	5	17,059,314	17,059,314
		17,059,398	17,059,419
Current assets
Debtors	6	2,768,941	7,584,150
Investments	7	1,338,454	800,000
Cash at bank and in hand		160,417	270,706
		4,267,812	8,654,856
Creditors: Amounts falling due within one year	11	(1,660,483)	(1,836,510)
Net current assets		2,607,329	6,818,346
Total assets less current liabilities		19,666,727	23,877,765
Creditors: Amounts falling due after more than one year	11	-	(4,650,000)
Provisions for liabilities		(1,238,961)	(1,238,961)
Net assets		18,427,766	17,988,804
Capital and reserves
Called up share capital	8	3,584	3,584
Share premium reserve		16,024,938	16,024,938
Profit and loss account		2,399,244	1,960,282
Shareholders' funds		18,427,766	17,988,804

Shamash Holdings Limited

(Registration number: 00916220)
Balance Sheet as at 31 July 2026

For the financial year ending 31 July 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 September 2026
 

......................................... Charles Shamash Director

Shamash Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
C/O Sterlings Ltd
Lawford House
Albert Place
London
N3 1QA
England

These financial statements were authorised for issue by the director on 22 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling, which is the functional currency of the company. Monetary amounts in the financial statements are rounded to the nearest Pound (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Shamash Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
	20% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Shamash Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2025 - 2).

Shamash Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 August 2025	9,384	9,384
At 31 July 2026	9,384	9,384
Depreciation
At 1 August 2025	9,279	9,279
Charge for the year	21	21
At 31 July 2026	9,300	9,300
Carrying amount
At 31 July 2026	84	84
At 31 July 2025	105	105

5	Investment properties

	2026 £
At 1 August	17,059,314
At 31 July	17,059,314

There has been no valuation of investment property by an independent valuer.

6

Debtors

	Note	2026 £	2025 £
Amounts owed by related parties	10	2,759,500	2,757,627
Other debtors		-	4,799,165
Prepayments		9,441	27,358
		2,768,941	7,584,150

7	Current asset investments

	2026 £	2025 £
Other investments	1,338,454	800,000

Shamash Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

8	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	3,584	3,584	3,584	3,584

9	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	-	4,650,000

10	Related party transactions

Included within other debtors is an amount of £2,220,392 (2025- £2,260,392) owed by connected companies in which the directors have a beneficial interest. The loans are provided interest free. There are no formal terms and conditions regarding the repayment of the loans.

Included within other debtors is an amount of £NIL (2025 - £4,799,165) owed by the director.

Included within other creditors is an amount of £1,302,335 (2025 - £NIL) owed to the director. The loan is provided interest free. There are no formal terms and conditions regarding the repayment of the loans.

Included within other creditors is an amount of £NIL (2025 - £1,500,000) owed to connected companies in which the directors have a beneficial interest. The loans are provided interest free. There are no formal terms and conditions regarding the repayment of the loans.

Shamash Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

11

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Taxation and social security	141,186	139,648
Accruals and deferred income	31,068	6,105
Other creditors	1,488,229	1,690,757
	1,660,483	1,836,510