SHIELBRIDGE LIMITED


Directors	T R C Corfield
	P J Ord
	Prof M G Semple


Company Secretary	G D Thoms


Registered Address	Bell Ingram
	Manor Street
	Forfar
	DD8 1EX


Registered Number	SC029862 (Scotland)

Balance Sheet as at
31 January 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		25,366		25,366
			25,366		25,366
Current assets
Debtors	4	5,800		5,246
Cash at bank and on hand		105,224		127,251
		111,024		132,497
Creditors amounts falling due within one year	5	(3,661)		(2,049)
Net current assets (liabilities)			107,363		130,448
Total assets less current liabilities			132,729		155,814
Net assets			132,729		155,814
Capital and reserves
Called up share capital			49,998		49,998
Share premium			73,334		73,334
Other reserves			(8,016)		(8,016)
Profit and loss account			17,413		40,498
Shareholders' funds			132,729		155,814

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 13 October 2026, and are signed on its behalf by:

P J Ord
Director

Prof M G Semple
Director

Registered Company No. SC029862

SHIELBRIDGE LIMITED

Notes to the Financial Statements
for the year ended 31 January 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Plant & machinery - over 4 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Total
	£	£	£
Cost or valuation
At 01 February 25	6,870	18,496	25,366
At 31 January 26	6,870	18,496	25,366
Net book value
At 31 January 26	6,870	18,496	25,366
At 31 January 25	6,870	18,496	25,366

4.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	480	650
Amounts owed by associates and joint ventures / participating interests	4,455	3,543
Prepayments and accrued income	865	1,053
Total	5,800	5,246


	Debtors of £5,800 include an amount of £4,455 due from Bachelors Quarters (Shielbridge) Ltd. This is in respect of the purchase of Hilary Kennedy's shares in Bachelors Quarters (Shielbridge) Ltd for £2,667, Stamp Duty of £15, the 2025 insurance premium of £861 and the 2026 insurance premium of £912 paid by Shielbridge Ltd on behalf of Bachelors Quarters (Shielbridge) Ltd.

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	-	840
Accrued liabilities and deferred income	3,661	1,209
Total	3,661	2,049