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Company Registration No. 10975583 (England and Wales)
Sharp Investment Properties Limited Unaudited accounts for the year ended 31 December 2023
Sharp Investment Properties Limited Unaudited accounts Contents
Page
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Sharp Investment Properties Limited Company Information for the year ended 31 December 2023
Directors
Henna Patel Prasam Patel
Company Number
10975583 (England and Wales)
Registered Office
103 Laithwood Road London SW12 9QH UNITED KINGDOM
Accountants
Abacus Accounting Solutions Ltd 5 Pasture Close North Wembley Middlesex HA0 3JE
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Sharp Investment Properties Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
946,527 
946,527 
Current assets
Debtors
276,124 
711,867 
Cash at bank and in hand
50,515 
32,330 
326,639 
744,197 
Creditors: amounts falling due within one year
(1,205,449)
(1,651,969)
Net current liabilities
(878,810)
(907,772)
Net assets
67,717 
38,755 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
67,517 
38,555 
Shareholders' funds
67,717 
38,755 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2024 and were signed on its behalf by
Prasam Patel Director Company Registration No. 10975583
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Sharp Investment Properties Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Sharp Investment Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 10975583. The registered office is 103 Laithwood Road, London, SW12 9QH, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2023 
£ 
Fair value at 1 January 2023
946,527 
At 31 December 2023
946,527 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,257 
- 
Other debtors
271,867 
711,867 
276,124 
711,867 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
7,481 
4,361 
Other creditors
1,197,268 
1,645,458 
Accruals
700 
2,150 
1,205,449 
1,651,969 
Paragon Bank Plc and Charter Court Financial Services Limited have a fixed charge over the investment properties and contains a negative pledge,.
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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