REGISTERED NUMBER: 05716723

Unaudited Financial Statements for the Year Ended 28 February 2025

for

SHUTTLEWORTH (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H Ridha

Mrs. A Ridha

W Ridha

SECRETARY:

Mrs H Haedr Ridha

REGISTERED OFFICE:

7 MATTOCK LANE

London

W5 5BG

REGISTERED NUMBER:

05716723

ACCOUNTANTS:

Cohen & Co. Accountants

Datasoft Accounting Services

129 Station Road

Hendon

London

NW4 4NJ

FIXED ASSETS

Tangible assets

4

88,656,368

88,164,599

CURRENT ASSETS

Debtors

5

17,913,405

17,385,558

Cash at bank and in hand

3,056,452

979,252

20,969,857

18,364,810

CREDITORS

Amounts falling due within one year

6

925,025

1,400,747

NET CURRENT ASSETS

20,044,832

16,964,063

TOTAL ASSETS LESS CURRENT LIABILITIES

108,701,200

105,128,662

CREDITORS

Amounts falling due after more than one year

7

31,448,608

28,726,920

NET ASSETS

77,252,592

76,401,742

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

8

54,523,679

54,523,679

Retained earnings

22,728,813

21,877,963

SHAREHOLDERS' FUNDS

77,252,592

76,401,742

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2025 and were signed on its behalf by:

W Ridha - Director

1.	STATUTORY INFORMATION

SHUTTLEWORTH (UK) LIMITED is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2024 - 45 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 March 2024

88,083,810

481,350

88,565,160

Additions

507,927

-

507,927

At 28 February 2025

88,591,737

481,350

89,073,087

DEPRECIATION

At 1 March 2024

-

400,561

400,561

Charge for year

-

16,158

16,158

At 28 February 2025

-

416,719

416,719

NET BOOK VALUE

At 28 February 2025

88,591,737

64,631

88,656,368

At 29 February 2024

88,083,810

80,789

88,164,599

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

(243,586

)

(160,243

)

Other debtors

18,156,991

17,545,801

17,913,405

17,385,558

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

-

493,505

Trade creditors

96,698

31,209

Taxation and social security

561,129

360,523

Other creditors

267,198

515,510

925,025

1,400,747

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans

31,448,608

28,726,920

8.

RESERVES

Revaluation

reserve

£

At 1 March 2024

and 28 February 2025

54,523,679