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REGISTERED NUMBER: 04045377 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Sheridan Myers Limited

Sheridan Myers Limited (Registered number: 04045377)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


Sheridan Myers Limited (Registered number: 04045377)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 100 100

CURRENT ASSETS
Debtors 5 1,204,455 1,176,034

CREDITORS
Amounts falling due within one year 6 6,720 5,308
NET CURRENT ASSETS 1,197,735 1,170,726
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,197,835

1,170,826

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 1,197,833 1,170,824
SHAREHOLDERS' FUNDS 1,197,835 1,170,826

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 December 2024 and were signed on its behalf by:





N D Crowley - Director


Sheridan Myers Limited (Registered number: 04045377)

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

1. STATUTORY INFORMATION

Sheridan Myers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04045377

Registered office: Birch House
Birch Lane Business Park
Aldridge
Walsall
West Midlands
WS9 0NF

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 UK and Republic of Ireland" and the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to give a true and fair view.

The financial statements have been prepared under the historical cost convention.

Taxation
Current tax, including UK corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit and loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

The following assets and liabilities are classified as basic financial instruments - other debtors, other creditors and amounts owed by participating interests. These are measured at the amortised cost equivalent to the undiscounted amount of cash or other consideration expected to be paid or received.

Investments
Investments in other participating interests are measured at cost less impairment.

Sheridan Myers Limited (Registered number: 04045377)

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

2. ACCOUNTING POLICIES - continued

Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit and loss as described below.

Non financial assets
An asset is impaired when there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Financial assets
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had the impairment loss not been recognised.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST
At 1 August 2023
and 31 July 2024 100
NET BOOK VALUE
At 31 July 2024 100
At 31 July 2023 100

The interest in other participating interests is the cost of investment within Sheridan Myers Management Services LLP.

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Amounts owed by participating interests 7,210 5,752
Other debtors 2 2
7,212 5,754

Sheridan Myers Limited (Registered number: 04045377)

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

5. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Amounts owed by participating interests 1,197,243 1,170,280

Aggregate amounts 1,204,455 1,176,034

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 6,360 4,948
Other creditors 360 360
6,720 5,308

7. CALLED UP SHARE CAPITAL

2024 2023
£ £
Allotted, issued and fully paid 2 2