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Company Registration No. 11645264 (England and Wales)
Shergar Limited Unaudited accounts for the year ended 31 October 2024
Shergar Limited Unaudited accounts Contents
Page
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Shergar Limited Company Information for the year ended 31 October 2024
Director
Aashish Raj Beri
Company Number
11645264 (England and Wales)
Registered Office
17 GAINSBORO GARDENS GREENFORD MIDDLESEX UB6 0JG UNITED KINGDOM
Accountants
Pearsons Accountants 24 Alicia Avenue Kenton Middlesex HA3 8HR
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Shergar Limited Accountants' report
Accountants' report to the director of Shergar Limited on the preparation of the unaudited statutory accounts for the year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Shergar Limited for the year ended 31 October 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Shergar Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Shergar Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shergar Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Shergar Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Shergar Limited. You consider that Shergar Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Shergar Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Pearsons Accountants 24 Alicia Avenue Kenton Middlesex HA3 8HR 15 July 2025
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Shergar Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,913 
13,037 
Investment property
693,600 
693,600 
704,513 
706,637 
Current assets
Cash at bank and in hand
10,284 
14,098 
Net current assets
10,284 
14,098 
Total assets less current liabilities
714,797 
720,735 
Creditors: amounts falling due after more than one year
(719,051)
(718,679)
Net (liabilities)/assets
(4,254)
2,056 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(5,254)
1,056 
Shareholders' funds
(4,254)
2,056 
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 July 2025 and were signed on its behalf by
Aashish Raj Beri Director Company Registration No. 11645264
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Shergar Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Shergar Limited is a private company, limited by shares, registered in England and Wales, registration number 11645264. The registered office is 17 GAINSBORO GARDENS, GREENFORD, MIDDLESEX, UB6 0JG, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
10% Reducing Balance
Fixtures & fittings
10% Reducing Balance
Computer equipment
10% Reducing Balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Shergar Limited Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2023
10,400 
8,760 
1,240 
20,400 
At 31 October 2024
10,400 
8,760 
1,240 
20,400 
Depreciation
At 1 November 2023
3,803 
3,116 
444 
7,363 
Charge for the year
1,134 
809 
181 
2,124 
At 31 October 2024
4,937 
3,925 
625 
9,487 
Net book value
At 31 October 2024
5,463 
4,835 
615 
10,913 
At 31 October 2023
6,597 
5,644 
796 
13,037 
5
Investment property
2024 
£ 
Fair value at 1 November 2023
693,600 
At 31 October 2024
693,600 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,480 
13,066 
Other creditors
439,676 
438,718 
Loans from directors
266,895 
266,895 
719,051 
718,679 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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