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REGISTERED NUMBER: 08139867 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 July 2023

for

SHELDON INNS LIMITED

SHELDON INNS LIMITED (REGISTERED NUMBER: 08139867)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SHELDON INNS LIMITED

Company Information
for the Year Ended 31 July 2023







DIRECTOR: M Cartwright





REGISTERED OFFICE: The Old Workshop
1 Ecclesall Road South
Sheffield
South Yorkshire
S11 9PA





REGISTERED NUMBER: 08139867 (England and Wales)





ACCOUNTANTS: Brown McLeod Limited
Chartered Accountants
The Old Workshop
1 Ecclesall Road South
Sheffield
South Yorkshire
S11 9PA

SHELDON INNS LIMITED (REGISTERED NUMBER: 08139867)

Statement of Financial Position
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 209,717 238,016

CURRENT ASSETS
Stocks 167,133 180,211
Debtors 5 601,304 702,341
Cash at bank and in hand 602,490 543,501
1,370,927 1,426,053
CREDITORS
Amounts falling due within one year 6 548,086 584,263
NET CURRENT ASSETS 822,841 841,790
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,032,558

1,079,806

CREDITORS
Amounts falling due after more than one
year

7

(50,603

)

(56,997

)

PROVISIONS FOR LIABILITIES (35,068 ) (35,154 )
NET ASSETS 946,887 987,655

CAPITAL AND RESERVES
Called up share capital 120 110
Retained earnings 946,767 987,545
946,887 987,655

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SHELDON INNS LIMITED (REGISTERED NUMBER: 08139867)

Statement of Financial Position - continued
31 July 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 director and authorised for issue on 13 March 2024 and were signed by:





M Cartwright - Director


SHELDON INNS LIMITED (REGISTERED NUMBER: 08139867)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Sheldon Inns 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2022 - 38 ) .

SHELDON INNS LIMITED (REGISTERED NUMBER: 08139867)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 116,204 343,277 57,424 9,071 525,976
Additions 2,681 7,685 25,250 - 35,616
Disposals (878 ) - (17,499 ) - (18,377 )
At 31 July 2023 118,007 350,962 65,175 9,071 543,215
DEPRECIATION
At 1 August 2022 72,255 197,985 14,285 3,435 287,960
Charge for year 9,268 30,595 11,438 1,127 52,428
Eliminated on disposal (590 ) - (6,300 ) - (6,890 )
At 31 July 2023 80,933 228,580 19,423 4,562 333,498
NET BOOK VALUE
At 31 July 2023 37,074 122,382 45,752 4,509 209,717
At 31 July 2022 43,949 145,292 43,139 5,636 238,016

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 10,932 39,158
Other debtors 590,372 663,183
601,304 702,341

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 9,995 9,995
Hire purchase contracts 15,468 9,446
Trade creditors 286,582 320,196
Taxation and social security 136,277 170,024
Other creditors 99,764 74,602
548,086 584,263

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 19,157 29,153
Hire purchase contracts 31,446 27,844
50,603 56,997

SHELDON INNS LIMITED (REGISTERED NUMBER: 08139867)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. OTHER FINANCIAL COMMITMENTS

At the 31st July 2023 the company had outstanding pension commitments of £200 (2022 - £435).

At the 31st July 2023 the company had outstanding lease commitments of £1,111,672. [2022 - £1,413,795].

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £74,000 were paid to the director .

During the year, Mr M Cartwright received directors' remuneration of £18,162 (2022 - £19,213).

At the balance sheet date, £321 (2022 - £245) was owed to Mr M Cartwright by the company.














10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Cartwright.