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REGISTERED NUMBER: 11203604 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2023

FOR

SHEEHAN HOLDINGS LIMITED

SHEEHAN HOLDINGS LIMITED (REGISTERED NUMBER: 11203604)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHEEHAN HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2023







DIRECTORS: Ms C. Sheehan
Mr J. Sheehan
Mr C. P. Ayre





REGISTERED OFFICE: Fir View Tan y Ffridd Holiday Home Park
Llangyniew
Welshpool
Powys
SY21 0LT





REGISTERED NUMBER: 11203604 (England and Wales)





ACCOUNTANTS: Richard Williams & Co
Chartered Accountants
The Old Police Station
Gaerwen
Anglesey
LL60 6BL

SHEEHAN HOLDINGS LIMITED (REGISTERED NUMBER: 11203604)

BALANCE SHEET
28TH FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,397,164 1,825,230
Investments 5 100 100
2,397,264 1,825,330

CURRENT ASSETS
Stocks 87,560 43,975
Debtors 6 13,662 41,005
Cash at bank 120,897 299,062
222,119 384,042
CREDITORS
Amounts falling due within one year 7 138,531 34,872
NET CURRENT ASSETS 83,588 349,170
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,480,852

2,174,500

CREDITORS
Amounts falling due after more than one year 8 1,392,683 1,492,900
NET ASSETS 1,088,169 681,600

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,088,069 681,500
1,088,169 681,600

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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.

SHEEHAN HOLDINGS LIMITED (REGISTERED NUMBER: 11203604)

BALANCE SHEET - continued
28TH FEBRUARY 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 28th November 2023 and were signed on its behalf by:




Ms C. Sheehan - Director



Mr J. Sheehan - Director


SHEEHAN HOLDINGS LIMITED (REGISTERED NUMBER: 11203604)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023

1. STATUTORY INFORMATION

Sheehan 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 6 ) .

SHEEHAN HOLDINGS LIMITED (REGISTERED NUMBER: 11203604)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st March 2022 852,778 1,007,855 1,860,633
Additions 200,000 388,773 588,773
At 28th February 2023 1,052,778 1,396,628 2,449,406
DEPRECIATION
At 1st March 2022 - 35,403 35,403
Charge for year - 16,839 16,839
At 28th February 2023 - 52,242 52,242
NET BOOK VALUE
At 28th February 2023 1,052,778 1,344,386 2,397,164
At 28th February 2022 852,778 972,452 1,825,230

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st March 2022
and 28th February 2023 100
NET BOOK VALUE
At 28th February 2023 100
At 28th February 2022 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,662 33,306
Other debtors - 7,699
13,662 41,005

SHEEHAN HOLDINGS LIMITED (REGISTERED NUMBER: 11203604)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 34,620 29,994
Taxation and social security 8,127 -
Other creditors 95,784 4,878
138,531 34,872

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 1,392,683 1,492,900