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REGISTERED NUMBER: 03067502 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

SHEBA HOLDINGS LIMITED

SHEBA HOLDINGS LIMITED (REGISTERED NUMBER: 03067502)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHEBA HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: Miss D M Owen
Miss J L Owen
Miss L A Owen





SECRETARY: Miss D M Owen





REGISTERED OFFICE: 409-411 Croydon Road
Beckenham
Kent
BR3 3PP





REGISTERED NUMBER: 03067502 (England and Wales)





ACCOUNTANTS: Edwards Chartered Accountants
409-411 Croydon Road
Beckenham
Kent
BR3 3PP

SHEBA HOLDINGS LIMITED (REGISTERED NUMBER: 03067502)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 653,218 653,785
Investments 5 150 150
653,368 653,935

CURRENT ASSETS
Debtors 6 50,288 29,552
Cash at bank 7,121 21,261
57,409 50,813
CREDITORS
Amounts falling due within one year 7 24,931 10,485
NET CURRENT ASSETS 32,478 40,328
TOTAL ASSETS LESS CURRENT
LIABILITIES

685,846

694,263

CREDITORS
Amounts falling due after more than one
year

8

423,778

435,850
NET ASSETS 262,068 258,413

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 328,178 328,178
Retained earnings (66,210 ) (69,865 )
SHAREHOLDERS' FUNDS 262,068 258,413

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

SHEBA HOLDINGS LIMITED (REGISTERED NUMBER: 03067502)

BALANCE SHEET - continued
31 JANUARY 2023


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 24 October 2023 and were signed on its behalf by:





Miss J L Owen - Director


SHEBA HOLDINGS LIMITED (REGISTERED NUMBER: 03067502)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Sheba Holdings Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

SHEBA HOLDINGS LIMITED (REGISTERED NUMBER: 03067502)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1 February 2022
and 31 January 2023 650,000 12,409 662,409
DEPRECIATION
At 1 February 2022 - 8,624 8,624
Charge for year - 567 567
At 31 January 2023 - 9,191 9,191
NET BOOK VALUE
At 31 January 2023 650,000 3,218 653,218
At 31 January 2022 650,000 3,785 653,785

Cost or valuation at 31 January 2023 is represented by:

Fixtures
Freehold and
property fittings Totals
£    £    £   
Valuation in 1999 63,143 - 63,143
Valuation in 2000 25,000 - 25,000
Valuation in 2002 95,000 - 95,000
Valuation in 2003 5,035 - 5,035
Valuation in 2008 140,000 - 140,000
Cost 321,822 12,409 334,231
650,000 12,409 662,409

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 321,822 321,822

Freehold land and buildings were valued on an open market basis on 31 March 2008 by the directors .

SHEBA HOLDINGS LIMITED (REGISTERED NUMBER: 03067502)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2022
and 31 January 2023 150
NET BOOK VALUE
At 31 January 2023 150
At 31 January 2022 150

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 35,288 14,552
Other debtors 15,000 15,000
50,288 29,552

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 24,931 10,485

The mortgage loans are secured by a charge over freehold properties.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 423,778 435,850

The mortgage loans are secured by a charge over freehold properties.

9. RESERVES
Revaluation
reserve
£   
At 1 February 2022
and 31 January 2023 328,178

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors, jointly.