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SHEEPSCAR HOUSE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






SHEEPSCAR HOUSE LIMITED (REGISTERED NUMBER: 00516465)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHEEPSCAR HOUSE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: D Little





SECRETARY: Miss R Little





REGISTERED OFFICE: Fairfax house
6A Mill Field Road
Cottingley Business Park
Cottingley
West Yorkshire
BD16 1PY





REGISTERED NUMBER: 00516465 (England and Wales)





ACCOUNTANTS: Wilkinson and Partners
Chartered Accountants
Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY

SHEEPSCAR HOUSE LIMITED (REGISTERED NUMBER: 00516465)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 101,317 101,317

CURRENT ASSETS
Debtors 6 356 516,006
Cash at bank 22,076 11,735
22,432 527,741
CREDITORS
Amounts falling due within one year 7 13,385 522,411
NET CURRENT ASSETS 9,047 5,330
TOTAL ASSETS LESS CURRENT LIABILITIES 110,364 106,647

CAPITAL AND RESERVES
Called up share capital 8 2,000 2,000
Fair value reserve 9 17,658 17,658
Retained earnings 90,706 86,989
SHAREHOLDERS' FUNDS 110,364 106,647

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SHEEPSCAR HOUSE LIMITED (REGISTERED NUMBER: 00516465)

BALANCE SHEET - continued
29 FEBRUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 September 2024 and were signed by:





D Little - Director


SHEEPSCAR HOUSE LIMITED (REGISTERED NUMBER: 00516465)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Sheepscar House 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.

In accordance with Section 444 of the Companies Act 2006, the Directors Report has not been delivered.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

4. EMPLOYEES AND DIRECTORS

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

SHEEPSCAR HOUSE LIMITED (REGISTERED NUMBER: 00516465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


5. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 March 2023
and 29 February 2024 101,317
NET BOOK VALUE
At 29 February 2024 101,317
At 28 February 2023 101,317

Included in cost of land and buildings is freehold land of £ 101,137 (2023 - £ 101,137 ) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 356 3,777
Other debtors - 512,229
356 516,006

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 1 1
Tax 11,041 8,673
Directors' current accounts 81 511,583
Accrued expenses 2,262 2,154
13,385 522,411

The loan from the director is interest free and repayable on demand.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
2,000 Ordinary 1 2,000 2,000

SHEEPSCAR HOUSE LIMITED (REGISTERED NUMBER: 00516465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


9. RESERVES
Fair
value
reserve
£   
At 1 March 2023
and 29 February 2024 17,658

10. ULTIMATE CONTROLLING PARTY

The Director has ultimate controlling influence as he owns more than 50% of the issued share capital.