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REGISTERED NUMBER: 00140071 (England and Wales)










SHARPHOUSE HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023






SHARPHOUSE HOLDINGS LIMITED (REGISTERED NUMBER: 00140071)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023










Page

Balance Sheet 1 to 2

Notes to the Financial Statements 3 to 6


SHARPHOUSE HOLDINGS LIMITED (REGISTERED NUMBER: 00140071)

BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 473 579
Investments 5 2,464,789 2,365,929
Investment property 6 665,000 665,000
3,130,262 3,031,508

CURRENT ASSETS
Debtors 7 129,988 105,250
Investments 8 91,548 124,003
Cash at bank 7,232 7,663
228,768 236,916
CREDITORS
Amounts falling due within one year 9 108,160 112,086
NET CURRENT ASSETS 120,608 124,830
TOTAL ASSETS LESS CURRENT LIABILITIES 3,250,870 3,156,338

PROVISIONS FOR LIABILITIES 391,672 384,240
NET ASSETS 2,859,198 2,772,098

CAPITAL AND RESERVES
Called up share capital 10 86,900 86,900
Revaluation reserve 11 1,636,264 1,515,663
Non - distributable reserves 295,280 295,280
Retained earnings 840,754 874,255
SHAREHOLDERS' FUNDS 2,859,198 2,772,098

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

SHARPHOUSE HOLDINGS LIMITED (REGISTERED NUMBER: 00140071)

BALANCE SHEET - continued
30TH JUNE 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 13th February 2024 and were signed on its behalf by:




W G Sharphouse - Director



G M Sharphouse - Director


SHARPHOUSE HOLDINGS LIMITED (REGISTERED NUMBER: 00140071)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023


1. STATUTORY INFORMATION

Sharphouse Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00140071

Registered office: 3365 Century Way
Thorpe Park
Leeds
West Yorkshire
LS15 8ZB

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery25% reducing balance
Motor vehicles25% reducing balance

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

Investment property
Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

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.


SHARPHOUSE HOLDINGS LIMITED (REGISTERED NUMBER: 00140071)

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


2. ACCOUNTING POLICIES - continued
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.

Debtors and creditors receivable / payable within one year
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.

Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss.

Securities quoted in the UK are valued at the mid-point of the quotations in the Stock Exchange Daily Official List as at the accounting reference date.

Investments held in unit trusts and managed funds are valued at the average of the unit bid and offer prices as at the accounting reference date.

Investment income comprises dividends and interest and is accounted for on a receivable basis.

Profits or losses arising from disposals of listed investments are treated as part of the result from ordinary activities.

Provisions for liabilities
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st July 2022
and 30th June 2023 35,951 11,744 47,695
DEPRECIATION
At 1st July 2022 35,483 11,633 47,116
Charge for year 78 28 106
At 30th June 2023 35,561 11,661 47,222
NET BOOK VALUE
At 30th June 2023 390 83 473
At 30th June 2022 468 111 579

SHARPHOUSE HOLDINGS LIMITED (REGISTERED NUMBER: 00140071)

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


5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1st July 2022 10,000 2,355,929 2,365,929
Additions - 295,135 295,135
Disposals - (324,308 ) (324,308 )
Revaluations - 128,033 128,033
At 30th June 2023 10,000 2,454,789 2,464,789
NET BOOK VALUE
At 30th June 2023 10,000 2,454,789 2,464,789
At 30th June 2022 10,000 2,355,929 2,365,929

Cost or valuation at 30th June 2023 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2023 - 2,454,789 2,454,789
Cost 10,000 - 10,000
10,000 2,454,789 2,464,789

The historical cost of the investments, all listed on the London Stock Exchange, was £935,282 (2022: £916,633.)

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st July 2022
and 30th June 2023 665,000
NET BOOK VALUE
At 30th June 2023 665,000
At 30th June 2022 665,000

Fair value at 30th June 2023 is represented by:
£   
Valuation in 2023 665,000

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

2023 2022
£    £   
Cost 162,155 162,155

The directors believe that the valuation of investment properties at the reporting date correctly reflects their fair value.

SHARPHOUSE HOLDINGS LIMITED (REGISTERED NUMBER: 00140071)

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


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Related party debtors 126,385 99,513
Other debtors 3,603 5,737
129,988 105,250

8. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Short term deposits 91,548 124,003

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 9,477 9,477
Taxation and social security 595 619
Other creditors 98,088 101,990
108,160 112,086

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
70,000 Ordinary £1 70,000 70,000
1,900 7% Employee preference shares £1 1,900 1,900
15,000 4.9% Preferred Ordinary shares £1 15,000 15,000
86,900 86,900

The 7% employee preference shares carry no voting rights and rank in priority to all other shares for repayment in the event of the company being wound up. The 4.9% preferred ordinary shares rank in priority to the ordinary shares in the event of winding up.


11. RESERVES
Revaluation
reserve
£   
At 1st July 2022 1,515,663
Revaluations 128,033
Deferred tax transfer (7,432 )

At 30th June 2023 1,636,264

12. RELATED PARTY DISCLOSURES

An investment property owned by the company is occupied rent free by the directors.