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REGISTERED NUMBER: 08683167 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

SHERUB PROPERTY MANAGEMENT LIMITED

SHERUB PROPERTY MANAGEMENT LIMITED (Registered number: 08683167)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SHERUB PROPERTY MANAGEMENT LIMITED

Company Information
for the Year Ended 31 October 2024







DIRECTOR: A Modare





REGISTERED OFFICE: 33 Church Road
Worcester Park
Surrey
KT4 7RJ





REGISTERED NUMBER: 08683167 (England and Wales)





ACCOUNTANTS: Preston Accountants Limited.
Chartered Certified Accountants
1 Carlton Parade
Preston Road
Wembley
Middlesex
HA9 8NE

SHERUB PROPERTY MANAGEMENT LIMITED (Registered number: 08683167)

Statement of Financial Position
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,290 3,052
Investment property 5 371,982 417,982
374,272 421,034

CURRENT ASSETS
Debtors 6 60,716 5,143
Cash at bank 29,968 1,212
90,684 6,355
CREDITORS
Amounts falling due within one year 7 22,350 10,544
NET CURRENT ASSETS/(LIABILITIES) 68,334 (4,189 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

442,606

416,845

CREDITORS
Amounts falling due after more than one year 8 2,750 42,878
NET ASSETS 439,856 373,967

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 439,854 373,965
SHAREHOLDERS' FUNDS 439,856 373,967

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

SHERUB PROPERTY MANAGEMENT LIMITED (Registered number: 08683167)

Statement of Financial Position - continued
31 October 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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 February 2025 and were signed by:





A Modare - Director


SHERUB PROPERTY MANAGEMENT LIMITED (Registered number: 08683167)

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

1. STATUTORY INFORMATION

SHERUB PROPERTY MANAGEMENT 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
Revenue 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.
Plant and machinery etc - 25% on reducing balance

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.

The fair value of the investment properties as at 31 October 2024 is £371,982 at a valuation carried out by the director.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 1 (2023 - 1 ) .

SHERUB PROPERTY MANAGEMENT LIMITED (Registered number: 08683167)

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 November 2023
and 31 October 2024 8,860
DEPRECIATION
At 1 November 2023 5,808
Charge for year 762
At 31 October 2024 6,570
NET BOOK VALUE
At 31 October 2024 2,290
At 31 October 2023 3,052

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 417,982
Disposals (46,000 )
At 31 October 2024 371,982
NET BOOK VALUE
At 31 October 2024 371,982
At 31 October 2023 417,982

6. DEBTORS
31.10.24 31.10.23
£    £   
Amounts falling due within one year:
Other debtors 3,295 5,143

Amounts falling due after more than one year:
Other debtors 57,421 -

Aggregate amounts 60,716 5,143

SHERUB PROPERTY MANAGEMENT LIMITED (Registered number: 08683167)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Taxation and social security 17,252 5,446
Other creditors 5,098 5,098
22,350 10,544

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Other creditors 2,750 42,878

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
2 Ordinary Shares 1 2 2