Registered number
07952385
Wynott Sharkey Ltd
Unaudited Filleted Accounts
28 February 2023
Wynott Sharkey Ltd
Registered number: 07952385
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 - 58
Current assets
Debtors 4 - 10,231
Cash at bank and in hand 58,516 75,116
58,516 85,347
Net current assets 58,516 85,347
Net assets 58,516 85,405
Capital and reserves
Called up share capital 1 1
Profit and loss account 58,515 85,404
Shareholder's funds 58,516 85,405
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Seth Cook
Director
Approved by the board on 23 November 2023
Wynott Sharkey Ltd
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 March 2022 58
Disposals (58)
At 28 February 2023 -
Wynott Sharkey Limited owns 58 x £1 ordinary shares in Lamakha Limited, (58% of total capital). At the financial year end 28 February 2022 the shares are valued at par.
4 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest - 10,231
5 Related party transactions
Lakamha Limited
Seth Cook is a director and shareholder in Lakamha Limited. Wynott Sharkey Limited also owns 58% of the share capital in Lakamha Limited. In the year ending 28 February 2023 Lakamha Limited was dissolved and the debt was not repaid.
Lakamha Limited was a private company limited by shares and incorporated in England registration number 10084606. It was dissolved on 24 January 2023.
6 Controlling party
The director has ultimate control as he is the sole shareholder.
7 Other information
Wynott Sharkey Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4 Mansfield Road
Hove
East Sussex
BN3 5NN
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