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REGISTERED NUMBER: 00670186 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Sheralee Holdings Limited

Sheralee Holdings Limited (Registered number: 00670186)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sheralee Holdings Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr P Bentwood
Mrs P A Bentwood
Mr M B Bentwood





SECRETARY: Mrs P A Bentwood





REGISTERED OFFICE: Apartment 2
Rowchester
12 Broad Lane
Hale
Cheshire
WA15 0DD





REGISTERED NUMBER: 00670186 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

Sheralee Holdings Limited (Registered number: 00670186)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 232

CURRENT ASSETS
Stocks 5 529,347 428,628
Debtors 6 5,623 93,126
Cash at bank 295,777 419,584
830,747 941,338
CREDITORS
Amounts falling due within one year 7 95,309 177,798
NET CURRENT ASSETS 735,438 763,540
TOTAL ASSETS LESS CURRENT
LIABILITIES

735,438

763,772

CREDITORS
Amounts falling due after more than one year 8 - 5,000
NET ASSETS 735,438 758,772

CAPITAL AND RESERVES
Called up share capital 18,500 13,500
Retained earnings 716,938 745,272
SHAREHOLDERS' FUNDS 735,438 758,772

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.

Sheralee Holdings Limited (Registered number: 00670186)

Balance Sheet - continued
30 April 2024


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 Statement of Income and Retained Earnings 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:





Mr P Bentwood - Director


Sheralee Holdings Limited (Registered number: 00670186)

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

1. STATUTORY INFORMATION

Sheralee Holdings 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.

Turnover
Turnover represents proceeds from the sale of investments.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and market value at the year end.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Dividend income
Dividend income is recognised when the right to receive payment is established.

Going concern
The company's financial statements for the year ended 30 April 2024 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Sheralee Holdings Limited (Registered number: 00670186)

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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2023
and 30 April 2024 1,708
DEPRECIATION
At 1 May 2023 1,476
Charge for year 232
At 30 April 2024 1,708
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 232

5. STOCKS
2024 2023
£    £   
Investments 529,347 428,628

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 5,623 93,126

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 95,309 177,798

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors - 5,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Preference shares - 5,000

Sheralee Holdings Limited (Registered number: 00670186)

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

9. RELATED PARTY DISCLOSURES

Included within other creditors is the directors' current balance of £93,150 (2023: £175,639). There are no fixed repayment terms and no interest is chargeable to the company in respect of this balance.