1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,079 1,079 270 270 809 xbrli:pure xbrli:shares iso4217:GBP 14751598 2023-04-01 2024-03-31 14751598 2024-03-31 14751598 2023-03-31 14751598 core:PlantMachinery 2023-04-01 2024-03-31 14751598 bus:Director1 2023-04-01 2024-03-31 14751598 bus:Director3 2023-04-01 2024-03-31 14751598 core:PlantMachinery 2024-03-31 14751598 core:WithinOneYear 2024-03-31 14751598 core:ShareCapital 2024-03-31 14751598 core:RetainedEarningsAccumulatedLosses 2024-03-31 14751598 bus:SmallEntities 2023-04-01 2024-03-31 14751598 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 14751598 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 14751598 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 14751598 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 14751598
Sherbrook Land Limited
Filleted Unaudited Financial Statements
31 March 2024
Sherbrook Land Limited
Statement of Financial Position
31 March 2024
2024
Note
£
Fixed assets
Tangible assets
5
809
Current assets
Debtors
6
67,001
Cash at bank and in hand
14,243
--------
81,244
Creditors: amounts falling due within one year
7
81,320
--------
Net current liabilities
76
----
Total assets less current liabilities
733
----
Capital and reserves
Called up share capital
96
Profit and loss account
637
----
Shareholders funds
733
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 26 September 2024 , and are signed on behalf of the board by:
Mr C Danks
Mr M Blake
Director
Director
Company registration number: 14751598
Sherbrook Land Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 61 Macrae Road, Pill, Bristol, BS20 0DD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 .
5. Tangible assets
Plant and machinery
£
Cost
At 1 April 2023
Additions
1,079
-------
At 31 March 2024
1,079
-------
Depreciation
At 1 April 2023
Charge for the year
270
-------
At 31 March 2024
270
-------
Carrying amount
At 31 March 2024
809
-------
6. Debtors
2024
£
Other debtors
67,001
--------
7. Creditors: amounts falling due within one year
2024
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
80,000
Other creditors
1,320
--------
81,320
--------