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REGISTERED NUMBER: 02109839 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

SHARPBRIDGE PROPERTIES LIMITED

SHARPBRIDGE PROPERTIES LIMITED (REGISTERED NUMBER: 02109839)






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


SHARPBRIDGE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: Mrs E J Seabrook
Ms B Seabrook
Mrs K Cooper
Ms S Seabrook-Williams





SECRETARY: J Seabrook





REGISTERED OFFICE: Takeley Manor
Upland Road
Epping Upland
Epping
Essex
CM16 6PB





REGISTERED NUMBER: 02109839 (England and Wales)





ACCOUNTANTS: Wilson Devenish
67 Newland Street
Witham
Essex
CM8 1AA

SHARPBRIDGE PROPERTIES LIMITED (REGISTERED NUMBER: 02109839)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 499,560 499,560

CURRENT ASSETS
Debtors 5 13,715 15,724
Cash at bank 721 1,093
14,436 16,817
CREDITORS
Amounts falling due within one year 6 225,894 222,325
NET CURRENT LIABILITIES (211,458 ) (205,508 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

288,102

294,052

PROVISIONS FOR LIABILITIES 36,137 36,137
NET ASSETS 251,965 257,915

CAPITAL AND RESERVES
Called up share capital 300 300
Non-distributable reserve 7 247,458 247,458
Retained earnings 7 4,207 10,157
251,965 257,915

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.

SHARPBRIDGE PROPERTIES LIMITED (REGISTERED NUMBER: 02109839)

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 30 September 2023 and were signed on its behalf by:





Mrs E J Seabrook - Director


SHARPBRIDGE PROPERTIES LIMITED (REGISTERED NUMBER: 02109839)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Sharpbridge Properties 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022
and 30 April 2023 499,560
NET BOOK VALUE
At 30 April 2023 499,560
At 30 April 2022 499,560

SHARPBRIDGE PROPERTIES LIMITED (REGISTERED NUMBER: 02109839)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

4. INVESTMENT PROPERTY - continued

Fair value at 30 April 2023 is represented by:
£   
Valuation in 2008 100,000
Valuation in 2010 (3,800 )
Valuation in 2012 10,000
Valuation in 2014 130,000
Valuation in 2017 45,000
Cost 218,360
499,560

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 218,360 218,360

Investment property was valued on an open market basis on 30 April 2023 by Mr J Seabrook, company secretary .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,589 11,600
Other debtors 3,126 4,124
13,715 15,724

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 126 114
Other creditors 225,768 222,211
225,894 222,325

7. RESERVES
Retained Non-distributable
earnings reserve Totals
£    £    £   

At 1 May 2022 10,157 247,458 257,615
Profit for the year 50 50
Dividends (6,000 ) (6,000 )
At 30 April 2023 4,207 247,458 251,665

SHARPBRIDGE PROPERTIES LIMITED (REGISTERED NUMBER: 02109839)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
Ms B Seabrook
Balance outstanding at start of year - 224
Amounts repaid - (224 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Ms S Seabrook-Williams
Balance outstanding at start of year 711 2,471
Amounts repaid (711 ) (1,760 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 711

The loans to the directors are interest free with no fixed repayment terms.