SHM Bowland Limited 11872278 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is commercial property letting. The company commenced to trade on 1st April 2021. Digita Accounts Production Advanced 6.30.9574.0 true true 11872278 2022-04-01 2023-03-31 11872278 2023-03-31 11872278 core:RetainedEarningsAccumulatedLosses 2023-03-31 11872278 core:ShareCapital 2023-03-31 11872278 core:CurrentFinancialInstruments 2023-03-31 11872278 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 11872278 bus:SmallEntities 2022-04-01 2023-03-31 11872278 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 11872278 bus:FullAccounts 2022-04-01 2023-03-31 11872278 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 11872278 bus:RegisteredOffice 2022-04-01 2023-03-31 11872278 bus:Director1 2022-04-01 2023-03-31 11872278 bus:Director2 2022-04-01 2023-03-31 11872278 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11872278 bus:Agent1 2022-04-01 2023-03-31 11872278 countries:EnglandWales 2022-04-01 2023-03-31 11872278 2021-04-01 2022-03-31 11872278 2022-03-31 11872278 core:RetainedEarningsAccumulatedLosses 2022-03-31 11872278 core:ShareCapital 2022-03-31 11872278 core:CurrentFinancialInstruments 2022-03-31 11872278 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 11872278

SHM Bowland Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

SHM Bowland Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

SHM Bowland Limited

Company Information

Directors

Mrs H M Millington

Mr S E Millington

Registered office

72 Berry Lane
Longridge
Preston
Lancashire
PR3 3WH

Accountants

Crossley & Davis Chartered Accountants
Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
SHM Bowland Limited
for the Year Ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SHM Bowland Limited for the year ended 31 March 2023 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of SHM Bowland Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of SHM Bowland Limited and state those matters that we have agreed to state to the Board of Directors of SHM Bowland Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SHM Bowland Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that SHM Bowland Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of SHM Bowland Limited. You consider that SHM Bowland Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of SHM Bowland Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Crossley & Davis Chartered Accountants
Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF

6 November 2023

 

SHM Bowland Limited

(Registration number: 11872278)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Current assets

 

Cash at bank and in hand

 

-

28

Creditors: Amounts falling due within one year

4

(1,237)

(600)

Net liabilities

 

(1,237)

(572)

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

(1,337)

(672)

Shareholders' deficit

 

(1,237)

(572)

For the financial year ending 31 March 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 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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.

Approved and authorised by the Board on 6 November 2023 and signed on its behalf by:
 

.........................................
Mr S E Millington
Director

 

SHM Bowland Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

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:
72 Berry Lane
Longridge
Preston
Lancashire
PR3 3WH

These financial statements were authorised for issue by the Board on 6 November 2023.

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.

Going concern

The financial statements have been prepared on a going concern basis.

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 revenue 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.

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.

 

SHM Bowland Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Trade creditors

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

SHM Bowland Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

6

2

-

Accruals and deferred income

 

1,200

600

Other creditors

 

35

-

 

1,237

600

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

         

6

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank overdrafts

2

-