Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.12023-02-01Other letting and operating of own or leased real estatefalse1truefalsetrue 07684565 2023-02-01 2024-01-31 07684565 2022-02-01 2023-01-31 07684565 2024-01-31 07684565 2023-01-31 07684565 c:Director1 2023-02-01 2024-01-31 07684565 d:CurrentFinancialInstruments 2024-01-31 07684565 d:CurrentFinancialInstruments 2023-01-31 07684565 d:Non-currentFinancialInstruments 2024-01-31 07684565 d:Non-currentFinancialInstruments 2023-01-31 07684565 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 07684565 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 07684565 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 07684565 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 07684565 d:ShareCapital 2024-01-31 07684565 d:ShareCapital 2023-01-31 07684565 d:RetainedEarningsAccumulatedLosses 2024-01-31 07684565 d:RetainedEarningsAccumulatedLosses 2023-01-31 07684565 c:FRS102 2023-02-01 2024-01-31 07684565 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07684565 c:FullAccounts 2023-02-01 2024-01-31 07684565 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07684565 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 07684565










SHIP SHOP REGENERATION LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
SHIP SHOP REGENERATION LIMITED
REGISTERED NUMBER: 07684565

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
494,557
458,231

Debtors: amounts falling due within one year
 4 
888
910

Cash at bank and in hand
  
412
2,323

  
495,857
461,464

Creditors: amounts falling due within one year
 5 
(201,773)
(159,630)

Net current assets
  
 
 
294,084
 
 
301,834

Creditors: amounts falling due after more than one year
 6 
(402,680)
(402,680)

  

Net liabilities
  
(108,596)
(100,846)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(108,696)
(100,946)

  
(108,596)
(100,846)


Page 1

 
SHIP SHOP REGENERATION LIMITED
REGISTERED NUMBER: 07684565
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 October 2024.





J E Nuttall
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
SHIP SHOP REGENERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Ship Shop Regeneration Limited is a private company limited by shares, incorporated in England and Wales (registered number: 07684565). Its registered office is 443 Handsworth Road, Handsworth, Sheffield, England, S13 9DD. The principal activities of the Company throughout the year continued to be that of property development and rental.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

At 31 January 2024 the Company's liabilities exceeded its assets by £108,596 (2023: £100,846). The ability of the company to meet its liabilities as they fall due is dependent on the future profitability and cash generation of the company. The directors are confident that the company will be able to pay its debts as they fall due and accordingly these accounts are prepared on a going concern basis.

 
2.3

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 3

 
SHIP SHOP REGENERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.4

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.5

Taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
SHIP SHOP REGENERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Debtors

2024
2023
£
£


Prepayments and accrued income
888
910



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
6,682
394

Amounts owed to group undertakings
166,555
130,932

Other taxation and social security
1,250
1,506

Other creditors
716
433

Accruals and deferred income
26,570
26,365

201,773
159,630



6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
402,680
402,680


Secured loans
Security has been given on the loan included in creditors due after more than one year. 

 
Page 5