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REGISTERED NUMBER: 05354636 (England and Wales)





















SHARBA HOMES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023






SHARBA HOMES LIMITED (REGISTERED NUMBER: 05354636)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


SHARBA HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: P D A James
Mrs G A James





SECRETARY: Mrs G A James





REGISTERED OFFICE: Caber Farm
Croglin
Cumbria
CA4 9SF





REGISTERED NUMBER: 05354636 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

SHARBA HOMES LIMITED (REGISTERED NUMBER: 05354636)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,045 1,353

CURRENT ASSETS
Debtors 5 11,877 1,920
Cash at bank 882,894 1,540,295
894,771 1,542,215
CREDITORS
Amounts falling due within one year 6 62,688 496,507
NET CURRENT ASSETS 832,083 1,045,708
TOTAL ASSETS LESS CURRENT LIABILITIES 835,128 1,047,061

PROVISIONS FOR LIABILITIES - 200
NET ASSETS 835,128 1,046,861

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 835,028 1,046,761
SHAREHOLDERS' FUNDS 835,128 1,046,861

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

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

SHARBA HOMES LIMITED (REGISTERED NUMBER: 05354636)

BALANCE SHEET - continued
28 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2023 and were signed on its behalf by:





Mrs G A James - Director


SHARBA HOMES LIMITED (REGISTERED NUMBER: 05354636)

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


1. STATUTORY INFORMATION

Sharba Homes 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Sharba Homes Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under Section 399 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover
Turnover represents revenue recognised during the year. Revenue from the sale of land is recognised at the point of legal completion. To the extent that fees receivable are recognised on matters for which an invoice has not yet been raised it is included in debtors as amounts recoverable on contracts. Fees receivable are recognised in the profit and loss account as contract activity progresses

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33.33% on cost
Office equipment - 33.33% on cost

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

SHARBA HOMES LIMITED (REGISTERED NUMBER: 05354636)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 March 2022 3,390 14,263 17,653
Additions - 2,623 2,623
At 28 February 2023 3,390 16,886 20,276
DEPRECIATION
At 1 March 2022 3,390 12,910 16,300
Charge for year - 931 931
At 28 February 2023 3,390 13,841 17,231
NET BOOK VALUE
At 28 February 2023 - 3,045 3,045
At 28 February 2022 - 1,353 1,353

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 1,920
VAT 11,877 -
11,877 1,920

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,939 7,020
Corporation tax - 94,985
Social security and other taxes 4,196 3,536
VAT - 258,239
Other creditors 6,284 30,830
Directors' current accounts 46,269 101,897
62,688 496,507

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100