Shilling Property Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 12684677

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		671,220		598,294

			671,220		598,294
CURRENT ASSETS
Debtors	5	60,150		30,000
Cash at bank and in hand		1,376		4,562

		61,526		34,562
Creditors: Amounts Falling Due Within One Year	6	(688,978 )		(594,088 )

NET CURRENT ASSETS (LIABILITIES)			(627,452 )		(559,526 )

TOTAL ASSETS LESS CURRENT LIABILITIES			43,768		38,768

PROVISIONS FOR LIABILITIES
Deferred Taxation			(5,707 )		(7,476 )

NET ASSETS			38,061		31,292

CAPITAL AND RESERVES
Called up share capital			2		2
Profit and Loss Account			38,059		31,290

SHAREHOLDERS' FUNDS			38,061		31,292

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Shilling Property Limited

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 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 C J Carter

Director

20 July 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Shilling Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12684677 . The registered office is 1st Floor, Falcon Point Park Plaza,, Heath Hayes, Cannock, Staffs, WS12 2DE.

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

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.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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	Nil
Fixtures & Fittings	25% reducing balance

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

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Shilling Property Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

4. Tangible Assets

	Land & Property
	Freehold	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 February 2025	573,147	61,579	634,726
Additions	67,269	15,925	83,194

As at 31 January 2026	640,416	77,504	717,920

Depreciation
As at 1 February 2025	-	36,432	36,432
Provided during the period	-	10,268	10,268

As at 31 January 2026	-	46,700	46,700

Net Book Value
As at 31 January 2026	640,416	30,804	671,220

As at 1 February 2025	573,147	25,147	598,294

5. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	60,150	30,000

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	1,034	71,551
Other creditors	687,944	522,537

	688,978	594,088

7. Related Party Transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group.

8. Ultimate Controlling Party

The company is controlled by its director and family.

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