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REGISTERED NUMBER: 00670186 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Sheralee Holdings Limited

Sheralee Holdings Limited (Registered number: 00670186)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sheralee Holdings Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mr P Bentwood
Mrs P A Bentwood
Mr M B Bentwood





SECRETARY: Mrs P A Bentwood





REGISTERED OFFICE: Apartment 2
Rowchester
12 Broad Lane
Hale
Cheshire
WA15 0DD





REGISTERED NUMBER: 00670186 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

Sheralee Holdings Limited (Registered number: 00670186)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 232 465

CURRENT ASSETS
Stocks 5 428,628 529,207
Debtors 6 93,126 77,000
Cash at bank 419,584 988,751
941,338 1,594,958
CREDITORS
Amounts falling due within one year 7 177,798 795,575
NET CURRENT ASSETS 763,540 799,383
TOTAL ASSETS LESS CURRENT
LIABILITIES

763,772

799,848

CREDITORS
Amounts falling due after more than one year 8 5,000 5,000
NET ASSETS 758,772 794,848

CAPITAL AND RESERVES
Called up share capital 13,500 13,500
Retained earnings 745,272 781,348
SHAREHOLDERS' FUNDS 758,772 794,848

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Sheralee Holdings Limited (Registered number: 00670186)

Balance Sheet - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2023 and were signed on its behalf by:





Mr P Bentwood - Director


Sheralee Holdings Limited (Registered number: 00670186)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Sheralee 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.

Turnover
Turnover represents proceeds from the sale of investments.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and market value at the year end.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Dividend income
Dividend income is recognised when the right to receive payment is established.

Going concern
The company's financial statements for the year ended 30 April 2023 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Sheralee Holdings Limited (Registered number: 00670186)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2022
and 30 April 2023 1,708
DEPRECIATION
At 1 May 2022 1,243
Charge for year 233
At 30 April 2023 1,476
NET BOOK VALUE
At 30 April 2023 232
At 30 April 2022 465

5. STOCKS
2023 2022
£    £   
Investments 428,628 529,207

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 93,126 77,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - 8
Other creditors 177,798 795,567
177,798 795,575

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 5,000 5,000

Sheralee Holdings Limited (Registered number: 00670186)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Preference shares 5,000 5,000

9. RELATED PARTY DISCLOSURES

Included within other creditors is the directors' current balance of £175,639 (2022: £793,407). There are no fixed repayment terms and no interest is chargeable to the company in respect of this balance.

Included within other debtors is a balance amounting to £717 due from a trust in which a director of the company is the settlor. There are no fixed repayment terms and no interest is chargeable by the company in respect of the above balance.