Registered number
03290317
Sharpenhoe Consulting Ltd
Filleted Accounts
31 March 2025
Sharpenhoe Consulting Ltd
Registered number: 03290317
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 1,317,274 1,317,274
Investments 4 416,221 490,306
1,733,495 1,807,580
Current assets
Cash at bank and in hand 2,545 16,711
Creditors: amounts falling due within one year 6 (81,007) (86,776)
Net current liabilities (78,462) (70,065)
Total assets less current liabilities 1,655,033 1,737,515
Creditors: amounts falling due after more than one year 7 (340,826) (538,826)
Net assets 1,314,207 1,198,689
Capital and reserves
Called up share capital 220 220
Profit and loss account 1,313,987 1,198,469
Shareholders' funds 1,314,207 1,198,689
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Gianjit Mahil
Director
Approved by the board on 20 May 2025
Sharpenhoe Consulting Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Nil
Plant and machinery 20% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2024 1,317,274
At 31 March 2025 1,317,274
Depreciation
At 31 March 2025 -
Net book value
At 31 March 2025 1,317,274
At 31 March 2024 1,317,274
4 Investments
Other
investments
£
Cost
At 1 April 2024 490,306
Additions 13,000
Revaluation 109,915
Disposals (197,000)
At 31 March 2025 416,221
5 Investments held as current assets 2025 2024
£ £
Fair value
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments 109,915 122,271
6 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 1,627 3,658
Directors loan account 79,070 82,864
Tenant deposits 125 125
Accruals 185 129
81,007 86,776
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 134,970 134,970
Directors loan account 205,856 205,856
Intercompany loan account - Sharpenhoe Change Managers Ltd - 198,000
340,826 538,826
8 Controlling party
The ultimate controlling party is Gian Mahil, who owns 57% of the company's shareholdings.
9 Other information
Sharpenhoe Consulting Ltd is a private company limited by shares and incorporated in England. Its registered office is:
28 Lovett Green
Sharpenhoe
Harlington
Beds
MK45 4SP
The company has two outstanding charges with Paragon Bank, against the property 1 Serra House, which holds a value of £393,157 within the fixed assets.
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