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REGISTERED NUMBER: 00354771 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Sharpe Brothers & Co. Limited

Sharpe Brothers & Co. Limited (Registered number: 00354771)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sharpe Brothers & Co. Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J. V. Whitaker
Mrs. M. E. Isaacs
W M Whitaker





SECRETARY: Mr. J. V. Whitaker





REGISTERED OFFICE: 90 Common Road
Church Gresley
Swadlincote
Derbyshire
DE11 9NW





REGISTERED NUMBER: 00354771 (England and Wales)





ACCOUNTANTS: Bourne & Co.
Chartered Accountants
47a Queen Street
Derby
Derbyshire
DE1 3DE

Sharpe Brothers & Co. Limited (Registered number: 00354771)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 335,007 77,876
Investment property 5 3,668,200 3,597,911
4,003,207 3,675,787

CURRENT ASSETS
Debtors 6 46,883 32,467
Cash at bank 635,442 707,838
682,325 740,305
CREDITORS
Amounts falling due within one year 7 174,845 94,516
NET CURRENT ASSETS 507,480 645,789
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,510,687

4,321,576

PROVISIONS FOR LIABILITIES 146,111 95,458
NET ASSETS 4,364,576 4,226,118

CAPITAL AND RESERVES
Called up share capital 8 20,000 20,000
Share premium 245,000 245,000
Fair Value Reserve 9 1,515,940 1,493,470
Retained earnings 2,583,636 2,467,648
SHAREHOLDERS' FUNDS 4,364,576 4,226,118

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Sharpe Brothers & Co. Limited (Registered number: 00354771)

Balance Sheet - continued
31 December 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 30 May 2024 and were signed on its behalf by:




J. V. Whitaker - Director



W M Whitaker - Director


Sharpe Brothers & Co. Limited (Registered number: 00354771)

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

1. STATUTORY INFORMATION

Sharpe Brothers & Co. 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net rents receivable, excluding value added tax.

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 etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is 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.

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.

Financial liabilities
Short term creditors are measured at transaction price. Other financial liabilities are measured initially at fair value, net of transaction cost and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Financial assets
Short term debtors are measured at transaction price, less any impairment. Other financial assets are measured initially at fair value, net of transactions cost and are subsequently measured at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Sharpe Brothers & Co. Limited (Registered number: 00354771)

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

4. TANGIBLE FIXED ASSETS
Plant and
Work in machinery
Progress etc Totals
£    £    £   
COST
At 1 January 2023 71,744 148,987 220,731
Additions 266,082 12,350 278,432
Disposals (19,510 ) - (19,510 )
At 31 December 2023 318,316 161,337 479,653
DEPRECIATION
At 1 January 2023 - 142,855 142,855
Charge for year - 1,791 1,791
At 31 December 2023 - 144,646 144,646
NET BOOK VALUE
At 31 December 2023 318,316 16,691 335,007
At 31 December 2022 71,744 6,132 77,876

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 3,597,911
Revaluations 70,289
At 31 December 2023 3,668,200
NET BOOK VALUE
At 31 December 2023 3,668,200
At 31 December 2022 3,597,911

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2020 1,519,332
Valuation in 2022 69,920
Valuation in 2023 70,289
Cost 2,008,659
3,668,200

Investment property was valued on a fair value basis on 31 December 2023 by the Company directors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 31,582 30,431
Other debtors 15,301 2,036
46,883 32,467

Sharpe Brothers & Co. Limited (Registered number: 00354771)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 96,520 37,020
Taxation and social security 70,758 50,035
Other creditors 7,567 7,461
174,845 94,516

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
20,000 Ordinary £1 20,000 20,000

9. RESERVES
Fair
Value
Reserve
£   
At 1 January 2023 1,493,470
Movement in reserve 22,470

At 31 December 2023 1,515,940