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REGISTERED NUMBER: 10429500 (England and Wales)







FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2023

FOR

SHEFFORD DEVELOPMENTS LIMITED

SHEFFORD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10429500)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SHEFFORD DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTORS: HS Mighell
MD Swan
JB Barrett





REGISTERED OFFICE: 20 Kent Road
Northampton
Northamptonshire
NN5 4DR





REGISTERED NUMBER: 10429500 (England and Wales)





AUDITORS: Bewers Turner & Co LLP
Chartered Accountants & Statutory Auditor
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

SHEFFORD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10429500)

BALANCE SHEET
31ST JULY 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 35,274 480
Cash at bank 198 155,455
35,472 155,935
CREDITORS
Amounts falling due within one year 5 17,626 141,189
NET CURRENT ASSETS 17,846 14,746
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,846

14,746

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 17,746 14,646
17,846 14,746

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 28th March 2024 and were signed on its behalf by:





HS Mighell - Director


SHEFFORD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10429500)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023


1. STATUTORY INFORMATION

Shefford Developments 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Financial instruments
The company is party to only the basic financial instruments such as cash, trade debtors and creditors and loans. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

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.

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 NIL (2022 - NIL).

SHEFFORD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10429500)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 35,141 -
Other debtors 133 480
35,274 480

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,812 2,729
Amounts owed to group undertakings - 102,859
Taxation and social security 727 11,173
Other creditors 9,087 24,428
17,626 141,189

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Bewers Bsc FCA (Senior Statutory Auditor)
for and on behalf of Bewers Turner & Co LLP

7. RELATED PARTY DISCLOSURES

All material related party transactions with owners holding a participating interest, companies in which the entity has a participating interest and directors were all concluded under normal market conditions.