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REGISTERED NUMBER: 07787300 (England and Wales)















Sheraton & Sons Property Services Ltd

Unaudited Financial Statements

for the Year Ended 31st July 2024






Sheraton & Sons Property Services Ltd (Registered number: 07787300)






Contents of the Financial Statements
for the year ended 31st July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 6


Sheraton & Sons Property Services Ltd

Company Information
for the year ended 31st July 2024







DIRECTOR: F P Sheraton





REGISTERED OFFICE: Amberstones
School Lane
Hannington
Northamptonshire
NN6 9ST





REGISTERED NUMBER: 07787300 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

Sheraton & Sons Property Services Ltd (Registered number: 07787300)

Balance Sheet
31st July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 363,265 280,468

CURRENT ASSETS
Debtors 6 486,762 319,186
Cash at bank 45,054 88,037
531,816 407,223
CREDITORS
Amounts falling due within one year 7 334,778 136,873
NET CURRENT ASSETS 197,038 270,350
TOTAL ASSETS LESS CURRENT
LIABILITIES

560,303

550,818

CREDITORS
Amounts falling due after more than one
year

8

(7,070

)

(84,955

)

PROVISIONS FOR LIABILITIES 10 (67,700 ) (53,400 )
NET ASSETS 485,533 412,463

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 485,433 412,363
SHAREHOLDERS' FUNDS 485,533 412,463

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16th April 2025 and were signed by:





F P Sheraton - Director


Sheraton & Sons Property Services Ltd (Registered number: 07787300)

Notes to the Financial Statements
for the year ended 31st July 2024

1. STATUTORY INFORMATION

Sheraton & Sons Property Services Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company in the year under review was that of the provision of property maintenance services.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

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

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistency applied to all years presented unless otherwise stated.

Turnover
Turnover 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 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.

Sheraton & Sons Property Services Ltd (Registered number: 07787300)

Notes to the Financial Statements - continued
for the year ended 31st July 2024

3. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st August 2023 171,548 1,614 357,712 4,830 535,704
Additions 114,003 1,374 86,500 - 201,877
At 31st July 2024 285,551 2,988 444,212 4,830 737,581
DEPRECIATION
At 1st August 2023 83,434 882 167,222 3,698 255,236
Charge for year 50,658 520 67,531 371 119,080
At 31st July 2024 134,092 1,402 234,753 4,069 374,316
NET BOOK VALUE
At 31st July 2024 151,459 1,586 209,459 761 363,265
At 31st July 2023 88,114 732 190,490 1,132 280,468

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st August 2023 28,250 134,241 162,491
Additions 67,450 86,500 153,950
At 31st July 2024 95,700 220,741 316,441
DEPRECIATION
At 1st August 2023 18,638 44,701 63,339
Charge for year 19,264 42,299 61,563
At 31st July 2024 37,902 87,000 124,902
NET BOOK VALUE
At 31st July 2024 57,798 133,741 191,539
At 31st July 2023 9,612 89,540 99,152

Sheraton & Sons Property Services Ltd (Registered number: 07787300)

Notes to the Financial Statements - continued
for the year ended 31st July 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 253,472 248,999
Amounts owed by participating interests 40,640 10,240
Other debtors 192,650 59,947
486,762 319,186

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 5,440 5,188
Hire purchase contracts 189,514 38,628
Trade creditors 44,754 51,040
Taxation and social security 26,077 23,538
Other creditors 68,993 18,479
334,778 136,873

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 7,070 12,510
Hire purchase contracts - 72,445
7,070 84,955

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,440 5,188

Amounts falling due between one and two years:
Bank loans - 1-2 years 7,070 5,440

Amounts falling due between two and five years:
Bank loans - 2-5 years - 7,070

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 67,700 53,400

Deferred
tax
£   
Balance at 1st August 2023 53,400
Provided during year 14,300
Balance at 31st July 2024 67,700

Sheraton & Sons Property Services Ltd (Registered number: 07787300)

Notes to the Financial Statements - continued
for the year ended 31st July 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st July 2024 or 31st July 2023.

13. CAPITAL COMMITMENTS

There were no capital commitments as at 31st July 2024 or 31st July 2023.