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REGISTERED NUMBER: 08159024 (England and Wales)















Sleaford Corn Exchange Limited

Unaudited Financial Statements for the Year Ended 30 April 2024






Sleaford Corn Exchange Limited (Registered number: 08159024)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Sleaford Corn Exchange Limited

Company Information
for the Year Ended 30 April 2024







Directors: R B Hodgson MBA, MIMgmt.
Mrs H E Hodgson BA (Hons)





Registered office: 28 Carre Street
Sleaford
Lincolnshire
NG34 7TR





Registered number: 08159024 (England and Wales)





Accountants: Rupert King & Company Limited
Stanton House
31 Westgate
Grantham
Lincolnshire
NG31 6LX

Sleaford Corn Exchange Limited (Registered number: 08159024)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Investment property 4 94,000 74,550

Current assets
Work in progress - 19,450
Cash in hand 475 1,016
475 20,466
Creditors
Amounts falling due within one year 5 507 887
Net current (liabilities)/assets (32 ) 19,579
Total assets less current liabilities 93,968 94,129

Creditors
Amounts falling due after more than one
year

6

97,507

93,566
Net (liabilities)/assets (3,539 ) 563

Capital and reserves
Called up share capital 100 100
Revaluation reserve 7 2,000 2,000
Retained earnings 7 (5,639 ) (1,537 )
Shareholders' funds (3,539 ) 563

Sleaford Corn Exchange Limited (Registered number: 08159024)

Balance Sheet - continued
30 April 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by:





R B Hodgson MBA, MIMgmt. - Director


Sleaford Corn Exchange Limited (Registered number: 08159024)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. Statutory information

Sleaford Corn Exchange 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress to their present location and condition.

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.

Sleaford Corn Exchange Limited (Registered number: 08159024)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. Employees and directors

The average number of employees during the year was NIL (2023 - NIL).

4. Investment property
Total
£   
Fair value
At 1 May 2023 74,550
Transfer to ownership 19,450
At 30 April 2024 94,000
Net book value
At 30 April 2024 94,000
At 30 April 2023 74,550

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2018 2,000
Cost 92,000
94,000

5. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 507 573
Social security and other taxes - 150
VAT - 164
507 887

6. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Amounts owed to participating interests 37,507 33,566
Amounts owed to associates 60,000 60,000
97,507 93,566

Sleaford Corn Exchange Limited (Registered number: 08159024)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. Reserves
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 May 2023 (1,537 ) 2,000 463
Deficit for the year (4,102 ) (4,102 )
At 30 April 2024 (5,639 ) 2,000 (3,639 )