Registered number
12180224
Sherbourne Associates (Europe) Limited
Filleted Accounts
31 August 2023
Sherbourne Associates (Europe) Limited
Registered number: 12180224
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 319 568
Current assets
Debtors 4 5,882 5,882
Cash at bank and in hand 4,756 7,185
10,638 13,067
Creditors: amounts falling due within one year 5 (15,790) (22,948)
Net current liabilities (5,152) (9,881)
Total assets less current liabilities (4,833) (9,313)
Provisions for liabilities (60) -
Net liabilities (4,893) (9,313)
Capital and reserves
Called up share capital 110 110
Profit and loss account (5,003) (9,423)
Shareholders' funds (4,893) (9,313)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Groves
Director
Approved by the board on 29 August 2024
Sherbourne Associates (Europe) Limited
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 18
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2022 749
At 31 August 2023 749
Depreciation
At 1 September 2022 181
Charge for the year 249
At 31 August 2023 430
Net book value
At 31 August 2023 319
At 31 August 2022 568
4 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 5,882 5,882
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 1,326 12,271
Other creditors 14,464 10,677
15,790 22,948
6 Other information
Sherbourne Associates (Europe) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Building 18,Gateway 1000
Whittle Way, Arlington Business Park
Stevenage
Hertfordshire
SG1 2FP
Sherbourne Associates (Europe) Limited 12180224 false 2022-09-01 2023-08-31 2023-08-31 VT Final Accounts April 2024 N Groves No description of principal activity 12180224 2021-09-01 2022-08-31 12180224 core:WithinOneYear 2022-08-31 12180224 core:ShareCapital 2022-08-31 12180224 core:RetainedEarningsAccumulatedLosses 2022-08-31 12180224 2022-09-01 2023-08-31 12180224 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 12180224 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 12180224 bus:Director40 2022-09-01 2023-08-31 12180224 2 2022-09-01 2023-08-31 12180224 core:PlantMachinery 2022-09-01 2023-08-31 12180224 countries:England 2022-09-01 2023-08-31 12180224 bus:FRS102 2022-09-01 2023-08-31 12180224 bus:FilletedAccounts 2022-09-01 2023-08-31 12180224 2023-08-31 12180224 core:WithinOneYear 2023-08-31 12180224 core:ShareCapital 2023-08-31 12180224 core:RetainedEarningsAccumulatedLosses 2023-08-31 12180224 core:PlantMachinery 2023-08-31 12180224 2022-08-31 12180224 core:PlantMachinery 2022-08-31 iso4217:GBP xbrli:pure