3 31/05/2023 2023-05-31 false false false false false false false false false false true false false true false false false false true true false No description of principal activities is disclosed 2022-06-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 02070098 2022-06-01 2023-05-31 02070098 2023-05-31 02070098 2021-06-01 2022-05-31 02070098 2022-05-31 02070098 2021-05-31 02070098 bus:RegisteredOffice 2022-06-01 2023-05-31 02070098 bus:LeadAgentIfApplicable 2022-06-01 2023-05-31 02070098 bus:Agent1 2022-06-01 2023-05-31 02070098 bus:Director1 2022-06-01 2023-05-31 02070098 bus:Director2 2022-06-01 2023-05-31 02070098 bus:Director3 2022-06-01 2023-05-31 02070098 bus:CompanySecretary1 2022-06-01 2023-05-31 02070098 core:RetainedEarningsAccumulatedLosses 2021-06-01 2022-05-31 02070098 core:RetainedEarningsAccumulatedLosses 2022-06-01 2023-05-31 02070098 core:WithinOneYear 2023-05-31 02070098 core:WithinOneYear 2022-05-31 02070098 core:ShareCapital 2023-05-31 02070098 core:ShareCapital 2022-05-31 02070098 core:RetainedEarningsAccumulatedLosses 2023-05-31 02070098 core:RetainedEarningsAccumulatedLosses 2022-05-31 02070098 core:ShareCapital 2021-05-31 02070098 core:RetainedEarningsAccumulatedLosses 2021-05-31 02070098 bus:SmallEntities 2022-06-01 2023-05-31 02070098 bus:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 02070098 bus:FullAccounts 2022-06-01 2023-05-31 02070098 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 02070098 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 02070098 core:CapitalReserve 2023-05-31 02070098 core:CapitalReserve 2022-05-31 02070098 core:CapitalReserve 2021-05-31 02070098 core:CapitalReserve 2021-06-01 2022-05-31 02070098 core:CapitalReserve 2022-06-01 2023-05-31
Company registration number: 02070098
Sheepcote Road Harrow Management Limited
Unaudited filleted financial statements
31 May 2023
Sheepcote Road Harrow Management Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Sheepcote Road Harrow Management Limited
Directors and other information
Directors Mr A Donetti
Mr A Mitruka
Ms Sona Ruparell
Secretary Ms A Grey
Company number 02070098
Registered office C/o Woodward Estate Agents
The Old Fire Station
90 High Street
Harrow Middlesex
HA1 3LP
Accountants Leftley Rowe and Company
Second Floor
87 Kenton Road
Harrow
Middlesex
HA3 0AH
Bankers Santander
Bridle Road
Bootle
Merseyside
L30 4GB
Lloyds
25 Gresham Street
London
EC2V 7HN
Sheepcote Road Harrow Management Limited
Statement of financial position
31 May 2023
2023 2022
Note £ £ £ £
Current assets
Debtors 5 33,739 13,316
Cash at bank and in hand 25,047 27,030
_______ _______
58,786 40,346
Creditors: amounts falling due
within one year 6 ( 21,856) ( 2,107)
_______ _______
Net current assets 36,930 38,239
_______ _______
Total assets less current liabilities 36,930 38,239
_______ _______
Net assets 36,930 38,239
_______ _______
Capital and reserves
Called up share capital 28 28
Repairs and maintenance reserve 36,901 38,210
Profit and loss account 1 1
_______ _______
Shareholders funds 36,930 38,239
_______ _______
For the year ending 31 May 2023 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 18 October 2023 , and are signed on behalf of the board by:
Mr A Donetti
Director
Company registration number: 02070098
Sheepcote Road Harrow Management Limited
Statement of changes in equity
Year ended 31 May 2023
Called up share capital Repairs and maintenance reserve Profit and loss account Total
£ £ £ £
At 1 June 2021 28 36,361 1 36,390
(Loss)/profit for the year 1,849 1,849
Other comprehensive income for the year:
Movement between reserves - 1,849 (1,849) -
_______ _______ _______ _______
Total comprehensive income for the year - 1,849 - 1,849
_______ _______ _______ _______
At 31 May 2022 and 1 June 2022 28 38,210 1 38,239
(Loss)/profit for the year ( 1,309) ( 1,309)
Other comprehensive income for the year:
Movement between reserves - (1,309) 1,309 -
_______ _______ _______ _______
Total comprehensive income for the year - ( 1,309) - ( 1,309)
_______ _______ _______ _______
At 31 May 2023 28 36,901 1 36,930
_______ _______ _______ _______
Sheepcote Road Harrow Management Limited
Notes to the financial statements
Year ended 31 May 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sheepcote Road Harrow Management Ltd, C/o Woodward Estate Agents, The Old Fire Station, 90 High Street, Harrow Middlesex, HA1 3LP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a 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. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: 3 ).
5. Debtors
2023 2022
£ £
Trade debtors 25,579 7,331
Other debtors 8,160 5,985
_______ _______
33,739 13,316
_______ _______
6. Creditors: amounts falling due within one year
2023 2022
£ £
Service charges 19,463 -
Corporation tax 21 1
Other creditors 2,372 2,106
_______ _______
21,856 2,107
_______ _______
7. Controlling party
In the opinion of the directors there is no ultimate controlling party.