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Registered number: 12153973
Shellhurst Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 12153973
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 30,499 25,771
Investment Properties 5 367,000 367,000
Investments 6 128,162 127,452
525,661 520,223
CURRENT ASSETS
Debtors 7 46,995 33,878
Cash at bank and in hand 5,626 16,167
52,621 50,045
Creditors: Amounts Falling Due Within One Year 8 (10,281 ) (6,216 )
NET CURRENT ASSETS (LIABILITIES) 42,340 43,829
TOTAL ASSETS LESS CURRENT LIABILITIES 568,001 564,052
Creditors: Amounts Falling Due After More Than One Year 9 (295,529 ) (284,211 )
NET ASSETS 272,472 279,841
CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 155,000 155,000
Profit and Loss Account 117,372 124,741
SHAREHOLDERS' FUNDS 272,472 279,841
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For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 P Struck
Director
Mrs M G Struck
Director
1 October 2026
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Shellhurst Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12153973 . The registered office is 61 Bridge Street, Kington, HR5 3DJ.
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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Motor Vehicles 25% SL
Fixtures & Fittings 20% SL
Computer Equipment 33% SL
2.4. Investment Properties
All investment properties are 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 for. Changes in fair value are recognised in the profit and loss account.
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2.5. 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.
2.6. 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 years 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.
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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 2 (2025: 2)
2 2
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2025 38,500 14,237 389 53,126
Additions 34,694 - 799 35,493
Disposals (38,500 ) - - (38,500 )
As at 31 March 2026 34,694 14,237 1,188 50,119
Depreciation
As at 1 April 2025 19,487 7,842 26 27,355
Provided during the period 8,674 2,847 231 11,752
Disposals (19,487 ) - - (19,487 )
As at 31 March 2026 8,674 10,689 257 19,620
Net Book Value
As at 31 March 2026 26,020 3,548 931 30,499
As at 1 April 2025 19,013 6,395 363 25,771
5. Investment Property
2026
£
Fair Value
As at 1 April 2025 and 31 March 2026 367,000
6. Investments
Associates Listed Total
£ £ £
Cost or Valuation
As at 1 April 2025 123,175 18,800 141,975
Additions - 4,987 4,987
Disposals - (18,800 ) (18,800 )
As at 31 March 2026 123,175 4,987 128,162
Provision
As at 1 April 2025 - 14,523 14,523
Disposals - (14,523 ) (14,523 )
As at 31 March 2026 - - -
...CONTINUED
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Net Book Value
As at 31 March 2026 123,175 4,987 128,162
As at 1 April 2025 123,175 4,277 127,452
7. Debtors
2026 2025
£ £
Due within one year
Amounts owed by group undertakings 2,700 2,100
Amounts owed by participating interests 2,294 2,294
Other debtors 42,001 29,484
46,995 33,878
8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 7,052 5,070
Other creditors 1,920 -
Taxation and social security 1,309 1,146
10,281 6,216
9. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 25,816 14,498
Bank loans 269,713 269,713
295,529 284,211
10. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,052 5,070
Later than one year and not later than five years 25,816 14,498
32,868 19,568
32,868 19,568
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11. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
12. Reserves
Fair value reserve Profit and Loss Account
£ £
As at 1 April 2025 155,000 124,741
Loss for the year and total comprehensive income - (6,369 )
Dividends paid - (1,000)
As at 31 March 2026 155,000 117,372
13. Related Party Transactions
Included within debtors is a loan of £2,700 (2025: £2,100) to the subsidiary company and £2,294 (2025: £2,294) to an associated company.
These loans are interest free and repayable on demand.
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