Company Registration No. 11645264 (England and Wales)
Shergar Limited
Unaudited accounts
for the year ended 31 October 2024
Shergar Limited
Unaudited accounts
Contents
Shergar Limited
Company Information
for the year ended 31 October 2024
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
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
Shergar Limited
Statement of financial position
as at 31 October 2024
Tangible assets
10,913
13,037
Investment property
693,600
693,600
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
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
Shergar Limited
Notes to the Accounts
for the year ended 31 October 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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
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
At 31 October 2024
5,463
4,835
615
10,913
At 31 October 2023
6,597
5,644
796
13,037
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
Other creditors
439,676
438,718
Loans from directors
266,895
266,895
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).