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REGISTERED NUMBER: 10774741 (England and Wales)




















Financial Statements

for the Year Ended 31 May 2024

for

SHARMELLA D LTD

SHARMELLA D LTD (REGISTERED NUMBER: 10774741)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHARMELLA D LTD

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Miss K Y Fung





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 10774741 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

SHARMELLA D LTD (REGISTERED NUMBER: 10774741)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 272 423
Investment property 6 559,315 679,315
559,587 679,738

CURRENT ASSETS
Debtors 7 4,657 6,865
Cash at bank 5,549 11,702
10,206 18,567
CREDITORS
Amounts falling due within one year 8 (381,588 ) (452,374 )
NET CURRENT LIABILITIES (371,382 ) (433,807 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

188,205

245,931

CREDITORS
Amounts falling due after more than one
year

9

(338,465

)

(426,347

)
NET LIABILITIES (150,260 ) (180,416 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings (150,360 ) (180,516 )
SHAREHOLDERS' FUNDS (150,260 ) (180,416 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

SHARMELLA D LTD (REGISTERED NUMBER: 10774741)

Balance Sheet - continued
31 May 2024


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 31 July 2024 and were signed by:





Miss K Y Fung - Director


SHARMELLA D LTD (REGISTERED NUMBER: 10774741)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Sharmella D 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 as modified by the revaluation of certain assets.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Know How are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

SHARMELLA D LTD (REGISTERED NUMBER: 10774741)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 15,222
AMORTISATION
At 1 June 2023
and 31 May 2024 15,222
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 June 2023 23,340
Disposals (6,990 )
At 31 May 2024 16,350
DEPRECIATION
At 1 June 2023 22,917
Charge for year 151
Eliminated on disposal (6,990 )
At 31 May 2024 16,078
NET BOOK VALUE
At 31 May 2024 272
At 31 May 2023 423

SHARMELLA D LTD (REGISTERED NUMBER: 10774741)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 679,315
Disposals (120,000 )
At 31 May 2024 559,315
NET BOOK VALUE
At 31 May 2024 559,315
At 31 May 2023 679,315

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2019 (16,577 )
Valuation in 2022 (6,845 )
Cost 582,737
559,315

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors - 638
Other debtors 4,657 6,227
4,657 6,865

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 3,497 1,600
Other creditors 378,091 450,774
381,588 452,374

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 338,465 426,347

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 338,465 426,347

SHARMELLA D LTD (REGISTERED NUMBER: 10774741)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Shawbrook Bank 338,465 426,347

The first mortgage provided by Shawbrook Bank Ltd is secured against the freehold interest in the land and property known as 7A Kelvin Street, 36E Imperial Drive and 8 Heathcroft Rise by way of a fixed and floating charge.

The second mortgage provided by Shawbrook Bank Ltd is secured against the freehold interest in the land and property known as 3 Henley Road by way of fixed charge and contains negative pledge.

The third mortgage provided by Shawbrook Bank Ltd is secured against the freehold interest in the land and property known as 142A Stevenson St, 52 Kelvin Gardens by way of a fixed and floating charge.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary 1 100 100

12. GOING CONCERN

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.