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REGISTERED NUMBER: SC537421 (Scotland)















Financial Statements for the Year Ended 30 June 2024

for

Sharon Pearson Ltd.

Sharon Pearson Ltd. (Registered number: SC537421)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sharon Pearson Ltd.

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Ms M Pearson





REGISTERED OFFICE: c/o Rennie Smith & Co
64 Murray Place
Stirling
FK8 2BX





REGISTERED NUMBER: SC537421 (Scotland)





ACCOUNTANTS: Rennie Smith & Co
Chartered Accountants
64 Murray Place
Stirling
FK8 2BX

Sharon Pearson Ltd. (Registered number: SC537421)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,232,102 741,271

CURRENT ASSETS
Debtors 5 906 258
Cash at bank 11,126 776
12,032 1,034
CREDITORS
Amounts falling due within one year 6 1,347,622 825,954
NET CURRENT LIABILITIES (1,335,590 ) (824,920 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(103,488

)

(83,649

)

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings (103,538 ) (83,699 )
SHAREHOLDERS' FUNDS (103,488 ) (83,649 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 16 September 2024 and were signed by:





Ms M Pearson - Director


Sharon Pearson Ltd. (Registered number: SC537421)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Sharon Pearson Ltd. is a private company, limited by shares , registered in Scotland. 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.

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.
Plant and machinery etc - 33% on reducing balance, 20% on reducing balance and 10% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

Sharon Pearson Ltd. (Registered number: SC537421)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and Computer
property property machinery equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 671,219 105,126 8,972 744 786,061
Additions 454,456 46,718 2,555 - 503,729
At 30 June 2024 1,125,675 151,844 11,527 744 1,289,790
DEPRECIATION
At 1 July 2023 - 42,077 2,040 673 44,790
Charge for year - 10,976 1,898 24 12,898
At 30 June 2024 - 53,053 3,938 697 57,688
NET BOOK VALUE
At 30 June 2024 1,125,675 98,791 7,589 47 1,232,102
At 30 June 2023 671,219 63,049 6,932 71 741,271

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 906 258

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 1,347,622 825,954

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms M Pearson.

8. GOING CONCERN

At 30th June 2024 the company's current liabilities exceeded its assets by £1,335,590. In addition, total liabilities exceeded total assets by £103,488 as at 30th June 2024. The company is therefore dependent on the continued support of the director. The director considers it reasonable for the company to rely on this support and is not aware of any reason why that support should be withdrawn.