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Company Registration No. 11740374 (England and Wales)
SHA HOMES LTD Unaudited accounts for the year ended 31 December 2023
SHA HOMES LTD Unaudited accounts Contents
Page
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SHA HOMES LTD Company Information for the year ended 31 December 2023
Director
SHAFI SHAIK
Company Number
11740374 (England and Wales)
Registered Office
20-22 WENLOCK ROAD LONDON N1 7GU ENGLAND
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SHA HOMES LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
905,000 
905,000 
Current assets
Debtors
4,724 
- 
Cash at bank and in hand
41,653 
2,821 
46,377 
2,821 
Creditors: amounts falling due within one year
(42,681)
(42,427)
Net current assets/(liabilities)
3,696 
(39,606)
Total assets less current liabilities
908,696 
865,394 
Creditors: amounts falling due after more than one year
(940,336)
(936,104)
Net liabilities
(31,640)
(70,710)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(31,641)
(70,711)
Shareholders' funds
(31,640)
(70,710)
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 director acknowledges his 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 and authorised for issue on 7 September 2024 and were signed on its behalf by
SHAFI SHAIK Director Company Registration No. 11740374
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SHA HOMES LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
SHA HOMES LTD is a private company, limited by shares, registered in England and Wales, registration number 11740374. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, ENGLAND.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 January 2023
905,000 
At 31 December 2023
905,000 
Depreciation
At 31 December 2023
- 
Net book value
At 31 December 2023
905,000 
At 31 December 2022
905,000 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
4,724 
- 
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SHA HOMES LTD Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
42,166 
42,427 
Taxes and social security
515 
- 
42,681 
42,427 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
691,723 
691,723 
Loans from directors
248,613 
244,381 
940,336 
936,104 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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