Registration number: 04625283

Shurmer Developments Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Shurmer Developments Limited

Company Information

Directors

Mr Stephen Paul Shurmer Mr David Daniel Shurmer

Company secretary

Mrs Janice Shurmer

Registered office

Exchange House St. Cross Lane Newport Isle of Wight United Kingdom PO30 5BZ

Shurmer Developments Limited

(Registration number: 04625283)
Balance Sheet as at 31 May 2026

	Note	2026 £	(As restated) 2025 £
Fixed assets
Tangible assets	4	926	1,235
Investment property	5	350,000	350,000
		350,926	351,235
Current assets
Cash at bank and in hand		67,552	128,909
Creditors: Amounts falling due within one year	7	(65,264)	(99,625)
Net current assets		2,288	29,284
Total assets less current liabilities		353,214	380,519
Provisions for liabilities		(23,803)	(28,723)
Net assets		329,411	351,796
Capital and reserves
Called up share capital		1,000	1,000
Revaluation reserve		62,414	62,414
Retained earnings		265,997	288,382
Shareholders' funds		329,411	351,796

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 Profit and Loss Account.

Shurmer Developments Limited

(Registration number: 04625283)
Balance Sheet as at 31 May 2026

Approved and authorised by the Board on 13 October 2026 and signed on its behalf by:
 

......................................... Mr Stephen Paul Shurmer Director

Shurmer Developments 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 and Wales.

The address of its registered office is:
Exchange House
St. Cross Lane
Newport
Isle of Wight
PO30 5BZ
United Kingdom

These financial statements were authorised for issue by the Board on 13 October 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.

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 turnover 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.

Tax

The tax expense for the period comprises current and deferred 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.

Shurmer Developments Limited

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

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:

Depreciation method and rate for tangible assets
Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance
Motor vehicles	25% 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.

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

Shurmer Developments Limited

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

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2025 - 3).

4	Tangible assets

	Plant and machinery £	Total £
Cost or valuation
At 1 June 2025	10,893	10,893
At 31 May 2026	10,893	10,893
Depreciation
At 1 June 2025	9,658	9,658
Charge for the year	309	309
At 31 May 2026	9,967	9,967
Carrying amount
At 31 May 2026	926	926
At 31 May 2025	1,235	1,235

5	Investment properties

	2026 £
At 1 June	350,000
At 31 May	350,000

The investment property is held at fair value based on the directors valuation as at 31 May 2026.

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

Shurmer Developments Limited

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

6

Debtors

Current	2026 £	2025 £
	-	-

7

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	9,986	45
Taxation and social security	698	3,374
Other creditors	54,580	96,206
	65,264	99,625

8	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £1 each	1,000	1,000	1,000	1,000

9

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

	Revaluation reserve £	Total £
Surplus/deficit on property, plant and equipment revaluation	62,414	62,414

10	Prior period adjustment

During the preparation of the accounts the directors have identified that motor vehicles sold in the previous year had not been removed from fixed assets. In order to correct this a prior period adjustment has been made of £14,766. This impacts the following account headings:

• Tangible fixed assets has reduced by £14,766
• Profit before tax has reduced by £14,766