R. W. Shakespeare Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 6

R. W. Shakespeare Limited

(Registration number: 01904438)
Statement of Financial Position as at 31 May 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	75,000	75,000
Investment property	5	990,000	990,000
		1,065,000	1,065,000
Current assets
Debtors	6	28,983	30,239
Cash at bank and in hand		91,629	34,022
		120,612	64,261
Creditors: Amounts falling due within one year	7	(25,910)	(15,929)
Net current assets		94,702	48,332
Total assets less current liabilities		1,159,702	1,113,332
Creditors: Amounts falling due after more than one year	7	(104,400)	(104,400)
Net assets		1,055,302	1,008,932
Capital and reserves
Called up share capital		35,000	35,000
Profit and loss account		1,020,302	973,932
Shareholders' funds		1,055,302	1,008,932

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

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 25 September 2026 and signed on its behalf by:
 

Mr R W Shakespeare Director

R. W. Shakespeare Limited

Notes to the Unaudited Financial Statements for the year ended 31 May 2026

1	General information

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

The address of its registered office is:
80 Oxford Street
Burnham-on-Sea
Somerset
TA8 1EF
United Kingdom

Principal activity

The principal activity of the company is other letting and operating of own or leased real estate

2	Accounting policies

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 prepared in sterling which is the functional currency of the entity.

Revenue recognition

The turnover shown in the profit and loss account represents rents invoiced during the year.

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 income 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.

R. W. Shakespeare Limited

Notes to the Unaudited Financial Statements for the year ended 31 May 2026 (continued)

2	Accounting policies (continued)

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Investment property

The investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

The investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

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:

Depreciation method and rate for tangible assets
Asset class	Depreciation method and rate
Fixture & Fittings	- 25% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

R. W. Shakespeare Limited

Notes to the Unaudited Financial Statements for the year ended 31 May 2026 (continued)

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2025 - 3).

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Total £
Cost or valuation
At 1 June 2025	75,000	4,671	79,671
At 31 May 2026	75,000	4,671	79,671
Depreciation
At 1 June 2025	-	4,671	4,671
At 31 May 2026	-	4,671	4,671
Carrying amount
At 31 May 2026	75,000	-	75,000
At 31 May 2025	75,000	-	75,000

5	Investment properties

	2026 £
At 1 June	990,000
At 31 May	990,000

During the year to 31 May 2024 2/2A High Street, Burnham-On-Sea was revalued by Stephen & Co., Chartered Surveyors at a value of £750,000. The valuation being based on the current rental value of the property. The property has a historical cost value of £550,183.

34 High Street Burnham-On-Sea was revalued by Stephen & Co., Chartered Surveyors at a value of £240,000. The valuation being based on the current rental value of the property. The property has a historical cost of £288,936.

In the absence of an independent professional valuation in the current year, the directors have assessed the fair value based on recent market transactions for similar properties in the same location, estimated rental yields, and local market knowledge. The valuation represents the directors' best estimate of the open market value.

R. W. Shakespeare Limited

Notes to the Unaudited Financial Statements for the year ended 31 May 2026 (continued)

6

Debtors

	2026 £	2025 £
Other debtors	24,939	26,092
Prepayments	4,044	4,147
	28,983	30,239

7

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Taxation and social security	20,454	9,883
Accruals and deferred income	5,456	6,046
	25,910	15,929

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	9	104,400	104,400

8

Reserves

Profit and loss account -
This reserve records retained earnings and accumulated losses. At 31 May 2026 non-distributable
reserves amounted to £150,882 (2025 £150,882).

R. W. Shakespeare Limited

Notes to the Unaudited Financial Statements for the year ended 31 May 2026 (continued)

9	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Other borrowings	104,400	104,400

10	Related party transactions

Transactions with directors

2026	At 1 June 2025 £	Advances to director £	Repayments by director £	At 31 May 2026 £
Director's loan account	24,324	24,231	(24,510)	24,045

2025	At 1 June 2024 £	Advances to director £	Repayments by director £	At 31 May 2025 £
Director's loan account	5,238	24,324	(5,238)	24,324

Other transactions with directors

The loan is made interest free and repayable on demand. If overdrawn, interest is charged at H M Revenue and Customs official rate.