Company No:
Contents
Note | 2023 | 2022 | ||
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Current assets | ||||
Debtors | 3 |
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Cash at bank and in hand |
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34,598 | 50,089 | |||
Creditors: amounts falling due within one year | 4 | (
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Net current assets | 21,157 | 38,366 | ||
Total assets less current liabilities | 21,157 | 38,366 | ||
Creditors: amounts falling due after more than one year | 5 | (
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Net assets |
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Capital and reserves | ||||
Called-up share capital | 6 |
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Profit and loss account | (
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Total shareholder's funds |
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Director's responsibilities:
The financial statements of Sherpa Management Services UK Limited (registered number:
Christopher Colin Kaye
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Sherpa Management Services UK Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 85 First Floor, Great Portland Street, London, W1W 7LT, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
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Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
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Amounts owed by Group undertakings |
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Amounts owed by director |
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Prepayments |
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£ | £ | ||
Bank loans |
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Trade creditors |
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Accruals |
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Bank loans |
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Allotted, called-up and fully-paid | |||
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During the year the Company has taken advantage of the exemption in section 1AC.35 of FRS 102 to not disclose related party transactions with wholly owned subsidiaries within the group.
At the year end, the director owed the company £675 (2022: £675). This loan is interest free with no fixed date for repayment.