Registered number |
Registered number: | |||||||
Abridged Balance Sheet | |||||||
as at |
|||||||
Notes | 2023 | 2022 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Investments | 4 | ||||||
Creditors: amounts falling due within one year | 9 | ( |
( |
||||
Net current liabilities | ( |
( |
|||||
Net liabilities | ( |
( |
|||||
Capital and reserves | |||||||
Called up share capital | |||||||
Share premium | |||||||
Profit and loss account | ( |
( |
|||||
Shareholder's funds | ( |
( |
|||||
J Gleek | |||||||
Director | |||||||
Approved by the board on |
|||||||
Notes to the Abridged Accounts | ||||||||
for the year ended |
||||||||
1 | Accounting policies | |||||||
Basis of preparation | ||||||||
2 | Preparation of consolidated financial statements | |||||||
The financial statements present information about Sharkgrange Limited as an individual company and do not contain consolidated financial information as a parent of a group. The company is exempt under Section 399 of the Companies Act 2006 from the requirement to prepare consolidated financial statements. | ||||||||
3 | Related party exemption | |||||||
The company has taken advantage of exemption in Financial Reporting Standard 102 not to disclose related party transactions with wholly owned entities within the group. | ||||||||
4 | Investments | |||||||
Investments in subsidiary undertakings are recognised at cost less permanent diminution. | ||||||||
Investment in | ||||||||
subsidiary | ||||||||
undertakings | ||||||||
Cost | ||||||||
As at 1 December 2022 | 7,332,280 | |||||||
At 30 November 2023 | 7,332,280 | |||||||
Provision for diminution in value: | ||||||||
As at 1 December 2022 | (7,332,279) | |||||||
Provision for diminution in value: | - | |||||||
(7,332,279) | ||||||||
Net book value: | ||||||||
At 30 Nov 2023 | 1 | |||||||
At 30 Nov 2022 | 1 | |||||||
5 | Going concern | |||||||
At 30 November 2023, the company had a net liability position. The ultimate holding company has expressed a willingness to provide continued support to the company for the period of 12 months from the date of the accounts. On this basis the accounts have been prepared on a going concern basis. | ||||||||
6 | Taxation | |||||||
Taxation comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.Current or deferred taxation assets or 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 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 expenditure 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 period end and that are expected to apply to the reversal of timing differences. 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. |
||||||||
7 | Employees | 2023 | 2022 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
8 | Investments | |||||||
Investments in | ||||||||
subsidiary | ||||||||
undertakings | ||||||||
£ | ||||||||
Cost | ||||||||
At 1 December 2022 | ||||||||
At 30 November 2023 | ||||||||
Investments ( continued) | ||||||||
At 30 November 2018, the investment in subsidiary undertaking represented a 100% interest in the share capital of Burford ZZ Limited, a private limited company incorporated in England and Wales, whose cost was provided against in full. | ||||||||
On 24 April 2019, the company acquired 75.75% of the share capital of the Buford Carrington Limited from the Thayer Group Limited. This represented 7,575 shares of 0.01p each, for total consideration of £1. Burford Carrington Limited is a private limited company, incorporated in England and Wales. | ||||||||
On 24 April 2019, the company acquired the entire share capital of Spareco 4 Limited, from Thayer Properties Jersey Limited. This represented 1 share of £1.00 each, for the total consideration of £1. Spareco 4 Limited was a private limited company, incorporated in England and Wales. On 13 October 2020, the company was dissolved and the investment at cost was written off. | ||||||||
9 | Creditors: Amount falling due within one year | 2023 | 2022 | |||||
£ | £ | |||||||
Amount owed to Group undertaking | 4,337 | 4,336 | ||||||
Other creditors | 3 | 3 | ||||||
Accruals | 1,750 | 1,750 | ||||||
6,090 | 6,089 | |||||||
10 | Called up share capital | 2023 | 2022 | |||||
£ | £ | |||||||
Allotted, called up and fully paid ordinary shares of £1 each | 2 | 2 | ||||||
2 | 2 | |||||||
11 | Immediate and ultimate holding company | |||||||
The ultimate holding company is J Gleek Properties Limited, a company registered in England | ||||||||
and Wales. | ||||||||
12 | Other information | |||||||
Sharkgrange Limited is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
Richmond House | ||||||||
Avonmouth Way | ||||||||
Avonmouth | ||||||||
Bristol | ||||||||
England | ||||||||
BS11 8DE |