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Registered number: 12244381
SH GLOUCESTER QUAYS LIMITED
Unaudited Financial Statements
For The Year Ended 24 March 2024
Virgate Accounts Ltd
1st Floor Olympus House
Quedgeley
Gloucester
GL2 4NF
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12244381
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 11,286 11,286
Tangible Assets 5 23,059 28,556
34,345 39,842
CURRENT ASSETS
Stocks 6 8,950 10,868
Debtors 7 315,285 192,073
Cash at bank and in hand 18,412 1,856
342,647 204,797
Creditors: Amounts Falling Due Within One Year 8 (715,829 ) (312,394 )
NET CURRENT ASSETS (LIABILITIES) (373,182 ) (107,597 )
TOTAL ASSETS LESS CURRENT LIABILITIES (338,837 ) (67,755 )
Creditors: Amounts Falling Due After More Than One Year 9 (32,788 ) (38,449 )
NET LIABILITIES (371,625 ) (106,204 )
CAPITAL AND RESERVES
Called up share capital 10 10 10
Profit and Loss Account (371,635 ) (106,214 )
SHAREHOLDERS' FUNDS (371,625) (106,204)
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Page 2
For the year ending 24 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Sumit Chadha
Director
21/03/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
SH GLOUCESTER QUAYS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 12244381 . The registered office is 1st Floor Olympus House, Quedgeley, Gloucester, GL2 4NF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10 years straight line
Plant & Machinery 3 years straight line
Fixtures & Fittings 3 years straight line
Computer Equipment 5 years straight line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 26 (2023: 27)
26 27
4. Intangible Assets
Goodwill
£
Cost
As at 27 March 2023 11,286
As at 24 March 2024 11,286
Net Book Value
As at 24 March 2024 11,286
As at 27 March 2023 11,286
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 27 March 2023 20,998 8,693 15,744 4,523 49,958
Additions - 736 3,571 - 4,307
As at 24 March 2024 20,998 9,429 19,315 4,523 54,265
Depreciation
As at 27 March 2023 6,708 5,781 6,620 2,293 21,402
Provided during the period 2,278 1,206 5,416 904 9,804
As at 24 March 2024 8,986 6,987 12,036 3,197 31,206
Net Book Value
As at 24 March 2024 12,012 2,442 7,279 1,326 23,059
As at 27 March 2023 14,290 2,912 9,124 2,230 28,556
6. Stocks
2024 2023
£ £
Stock 8,950 10,868
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,836 2,686
Prepayments and accrued income 3,206 33,202
Other debtors 3,620 20,674
Amounts owed by group undertakings 299,623 135,511
315,285 192,073
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 221,827 123,993
Bank loans and overdrafts 5,697 5,697
Other taxes and social security 20,610 25,439
VAT 74,169 67,115
Other creditors 13,854 14,893
Accruals and deferred income 91,704 55,085
Amounts owed to group undertakings 287,968 20,172
715,829 312,394
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 32,788 38,449
32,788 38,449
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
11. Related Party Transactions
Historic Management fees chargeable by SH4 were invoiced in the 2024/25 reporting period.  These accounts include a provision of £288,000 for chargeable fees for the period 2021 to 2024.
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