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REGISTERED NUMBER: 04449683 (England and Wales)















Financial Statements for the Year Ended 31 July 2023

for

Sharndale Ltd
Trading as
Bengal Brasserie

Sharndale Ltd (Registered number: 04449683)
Trading as Bengal Brasserie






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sharndale Ltd
Trading as Bengal Brasserie

Company Information
for the Year Ended 31 July 2023







DIRECTORS: M N Ahmed
O Rahman





REGISTERED OFFICE: Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY





REGISTERED NUMBER: 04449683 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Sharndale Ltd (Registered number: 04449683)
Trading as Bengal Brasserie

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 24,760 29,204
24,760 29,204

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 6 829 817
Cash at bank and in hand 1,332 2,534
3,661 4,851
CREDITORS
Amounts falling due within one year 7 35,086 32,834
NET CURRENT LIABILITIES (31,425 ) (27,983 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,665

)

1,221

CREDITORS
Amounts falling due after more than one year 8 31,666 36,666
NET LIABILITIES (38,331 ) (35,445 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (38,431 ) (35,545 )
(38,331 ) (35,445 )

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 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.

Sharndale Ltd (Registered number: 04449683)
Trading as Bengal Brasserie

Balance Sheet - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by:





M N Ahmed - Director


Sharndale Ltd (Registered number: 04449683)
Trading as Bengal Brasserie

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

1. STATUTORY INFORMATION

Sharndale Ltd 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.

The accounts are being prepared on a going concern basis due to the ongoing support of the directors and shareholders.

Turnover
Turnover is represents by the net invoiced food and beverage served during the normal course of business for a licenced restaurant. Turnover is recognised upon the provision of the service/ food where the obligation to pay has crystallized.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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.

Financial instruments
Basic financial instruments are recognised at amortised cost.

Taxation
Taxation for the year 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 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.


Sharndale Ltd (Registered number: 04449683)
Trading as Bengal Brasserie

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

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 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 23,235
AMORTISATION
At 1 August 2022
and 31 July 2023 23,235
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

Sharndale Ltd (Registered number: 04449683)
Trading as Bengal Brasserie

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2022
and 31 July 2023 21,300 103,615 8,945 133,860
DEPRECIATION
At 1 August 2022 8,168 89,371 7,117 104,656
Charge for year 426 3,561 457 4,444
At 31 July 2023 8,594 92,932 7,574 109,100
NET BOOK VALUE
At 31 July 2023 12,706 10,683 1,371 24,760
At 31 July 2022 13,132 14,244 1,828 29,204

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 829 817

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 7,287 7,945
Taxation and social security 6,068 5,598
Other creditors 16,731 14,291
35,086 32,834

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 31,666 36,666

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,666 16,666

Sharndale Ltd (Registered number: 04449683)
Trading as Bengal Brasserie

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

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.7.23 31.7.22
£    £   
Within one year 12,500 12,500

10. SECURED DEBTS

HSBC Bank Plc hold fixed and floating charge over all the property or undertaking of the company.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
M N Ahmed
Balance outstanding at start of year - 8,570
Amounts advanced - 14,905
Amounts repaid - (23,475 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Directors loan account is repayable on demand. Interest is being charged at the official rate.