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REGISTERED NUMBER: 14937358 (England and Wales)













Unaudited Financial Statements

for the Period 15 June 2023 to 30 June 2024

for

Sheepfolds Leisure Limited

Sheepfolds Leisure Limited (Registered number: 14937358)






Contents of the Financial Statements
for the Period 15 June 2023 to 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sheepfolds Leisure Limited

Company Information
for the Period 15 June 2023 to 30 June 2024







DIRECTOR: R G Marsden





REGISTERED OFFICE: Former North Eastern Railway Stables
Easington Street
Sunderland
Tyne and Wear
SR5 1BA





REGISTERED NUMBER: 14937358 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Kepier House
Belmont Business Park
Durham
DH1 1TW

Sheepfolds Leisure Limited (Registered number: 14937358)

Balance Sheet
30 June 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 577,993

CURRENT ASSETS
Stocks 9,493
Debtors 5 33,494
Cash at bank 19,385
62,372
CREDITORS
Amounts falling due within one year 6 370,389
NET CURRENT LIABILITIES (308,017 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

269,976

CREDITORS
Amounts falling due after more than one
year

7

327,125
NET LIABILITIES (57,149 )

CAPITAL AND RESERVES
Called up share capital 9 100
Retained earnings (57,249 )
SHAREHOLDERS' FUNDS (57,149 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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.

Sheepfolds Leisure Limited (Registered number: 14937358)

Balance Sheet - continued
30 June 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 December 2024 and were signed by:





R G Marsden - Director


Sheepfolds Leisure Limited (Registered number: 14937358)

Notes to the Financial Statements
for the Period 15 June 2023 to 30 June 2024

1. STATUTORY INFORMATION

Sheepfolds Leisure 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.

There were no material departures from the standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have also been consistently applied within the same accounts.

Going concern
The directors assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date the financial statements are approved.

The financial statements are prepared on the going concern basis which assumes that the company will continue to trade. If the company is unable to continue to trade, adjustments would be required to reduce the value of assets to their recoverable amounts, to provide for any further liabilities that might arise and to analyse long term liabilities as current liabilities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - not provided

Tangible assets are measured at cost less accumulated depreciation and impairment.

The assets were not brought into use in the period therefore no depreciation has been charged.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Sheepfolds Leisure Limited (Registered number: 14937358)

Notes to the Financial Statements - continued
for the Period 15 June 2023 to 30 June 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. TANGIBLE FIXED ASSETS
Short
leasehold
£   
COST
Additions 577,993
At 30 June 2024 577,993
NET BOOK VALUE
At 30 June 2024 577,993

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 30,618
Prepayments and accrued income 2,876
33,494

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Finance leases 121,675
Trade creditors 55,654
Taxation and social security 1,835
Other creditors 188,725
Accruals and deferred income 2,500
370,389

Sheepfolds Leisure Limited (Registered number: 14937358)

Notes to the Financial Statements - continued
for the Period 15 June 2023 to 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Finance leases 327,125

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Finance leases 448,800

Finance lease contracts are secured on the assets to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100