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REGISTERED NUMBER: 02900242 (England and Wales)















Financial Statements for the Year Ended 31 August 2024

for

Sherwood Park Limited

Sherwood Park Limited (Registered number: 02900242)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sherwood Park Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: C D Morris





SECRETARY: P Christmas





REGISTERED OFFICE: 164, Field End Road
Eastcote
Middlesex
HA5 1RH





REGISTERED NUMBER: 02900242 (England and Wales)

Sherwood Park Limited (Registered number: 02900242)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £   
CURRENT ASSETS
Debtors 5 12,160 42,999
Cash at bank 2,329 2,360
14,489 45,359
CREDITORS
Amounts falling due within one year 6 129,832 142,008
NET CURRENT LIABILITIES (115,343 ) (96,649 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(115,343

)

(96,649

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (115,443 ) (96,749 )
SHAREHOLDERS' FUNDS (115,343 ) (96,649 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 10 January 2025 and were signed by:





C D Morris - Director


Sherwood Park Limited (Registered number: 02900242)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Sherwood Park Limited is a private company, limited by shares , registered in England and Wales. 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.

In drawing up the accounts the director was aware of the fact that the company had net current liabilities of £115,343 (2023: £96,649) and that its total liabilities exceed its total assets by £115,343 (2023: £96,649). Accordingly, the company is dependent on support from its creditors, the bank, loans and the director. The company has continued to meet its liabilities. On this basis, the director believes that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the company were unable to continue as a going concern.

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.
Freehold property - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

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 NIL (2023 - NIL).

Sherwood Park Limited (Registered number: 02900242)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 September 2023
and 31 August 2024 228,741 93,155 5,595 50,321 377,812
DEPRECIATION
At 1 September 2023
and 31 August 2024 228,741 93,155 5,595 50,321 377,812
NET BOOK VALUE
At 31 August 2024 - - - - -
At 31 August 2023 - - - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Prepayments and accrued income 12,160 42,999

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other creditors 16,532 28,853
Directors' current accounts 112,305 112,305
Accruals and deferred income 995 850
129,832 142,008

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr C D Morris, the director of the company.