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Logo On Report
Registered Number: 03196769
England and Wales

 

 

 

SHERATON LAW LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 December 2023

End date: 30 November 2024
  2024   2023
    £ £   £ £
Current assets 85,913      67,349   
Creditors: amount falling due within one year (1,080)     (16,353)  
Net current assets   84,833      50,996 
Total assets less current liabilities   84,833      50,996 
Creditors: amount falling due after more than one year   (189,327)     (55,551)
Net assets   (104,494)     (4,555)
 

         
Capital and reserves   (104,494)     (4,555)
 
NOTES TO THE ACCOUNTS

General Information
Sheraton Law Limited is a private company, limited by shares, registered in England and Wales, registration number 03196769, registration address 6 Clapham High Street, London, SW4 7UT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Group accounts
The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has, therefore, taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).

3.

Related parties

During the year the company entered into the following transactions with related parties:
Amount due from/to related party Provision for doubtful debt from the related party
2024
£
 2023
£
 2024
£
 2023
£
Orlando Reid (Holdings) Limited85,000 65,000 
Orlando Reid Limited (189,327)(55,551)

At the year end, a balance of £85,000 was owed by Orlando Reid (Holdings) Limited. The above balance is interest free with no fixed date for repayment.
At the year end, a balance of £189326.65 was owed to Orlando Reid Limited. The above balance is interest free with no fixed date for repayment.

For the year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

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.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 18 June 2025 and were signed on its behalf by:


--------------------------------
Baljit Arora
Director
1