Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-315false2024-04-01falseProperty rental5truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00353188 2024-04-01 2025-03-31 00353188 2023-04-01 2024-03-31 00353188 2025-03-31 00353188 2024-03-31 00353188 c:Director1 2024-04-01 2025-03-31 00353188 c:Director2 2024-04-01 2025-03-31 00353188 d:PlantMachinery 2024-04-01 2025-03-31 00353188 d:PlantMachinery 2025-03-31 00353188 d:PlantMachinery 2024-03-31 00353188 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 00353188 d:FreeholdInvestmentProperty 2024-04-01 2025-03-31 00353188 d:FreeholdInvestmentProperty 2025-03-31 00353188 d:FreeholdInvestmentProperty 2024-03-31 00353188 d:CurrentFinancialInstruments 2025-03-31 00353188 d:CurrentFinancialInstruments 2024-03-31 00353188 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 00353188 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 00353188 d:ShareCapital 2025-03-31 00353188 d:ShareCapital 2024-03-31 00353188 d:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 00353188 d:RetainedEarningsAccumulatedLosses 2025-03-31 00353188 d:RetainedEarningsAccumulatedLosses 2024-03-31 00353188 c:FRS102 2024-04-01 2025-03-31 00353188 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 00353188 c:FullAccounts 2024-04-01 2025-03-31 00353188 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 00353188 4 2024-04-01 2025-03-31 00353188 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 00353188










SHEAF MOTORS OF COAL ASTON LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

 
SHEAF MOTORS OF COAL ASTON LIMITED
REGISTERED NUMBER: 00353188

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,430
2,762

Investment property
 5 
3,146,309
2,452,428

  
3,148,739
2,455,190

Current assets
  

Debtors: amounts falling due within one year
 6 
62,053
58,055

Cash at bank and in hand
  
95,842
153,767

  
157,895
211,822

Creditors: amounts falling due within one year
 7 
(588,865)
(237,062)

Net current liabilities
  
 
 
(430,970)
 
 
(25,240)

Total assets less current liabilities
  
2,717,769
2,429,950

Provisions for liabilities
  

Deferred tax
  
(175,976)
(176,059)

Net assets
  
2,541,793
2,253,891


Capital and reserves
  

Called up share capital 
  
800
800

Profit and loss account
 8 
2,540,993
2,253,091

  
2,541,793
2,253,891


Page 1

 
SHEAF MOTORS OF COAL ASTON LIMITED
REGISTERED NUMBER: 00353188
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 July 2025.


C Talbot
J Procter
Director
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
SHEAF MOTORS OF COAL ASTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Sheaf Motors of Coal Aston Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 00353188). Its registered office is Ashmount Smalldale, Bradwell, Hope Valley, S33 9JQ. The principal activity of the Company throughout the year continued to be that of property rental.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The Company's functional and presentation currency is pounds sterling.
The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
SHEAF MOTORS OF COAL ASTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

The depreciation rates used are:

Plant and machinery
-
10/25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings. 

 
2.4

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Income and Retained Earnings.

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


Page 4

 
SHEAF MOTORS OF COAL ASTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.6

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight-line basis over the lease term.

 
2.7

Pensions

Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds. 

 
2.8

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

 
2.9

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2024 - 5).

Page 5

 
SHEAF MOTORS OF COAL ASTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 April 2024
6,349



At 31 March 2025

6,349



Depreciation


At 1 April 2024
3,587


Charge for the year on owned assets
332



At 31 March 2025

3,919



Net book value



At 31 March 2025
2,430



At 31 March 2024
2,762

Page 6

 
SHEAF MOTORS OF COAL ASTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2024
2,452,428


Additions at cost
693,881



At 31 March 2025
3,146,309


Comprising


Cost
2,138,433



Revaluation - 2015 
566,176

Reintroduction - 2018 
340,000

Revaluation - 2021 
101,700

At 31 March 2025
3,146,309

The 2025 valuations were made by the directors, on an open market value for existing use basis.







6.


Debtors

2025
2024
£
£


Trade debtors
44,223
48,886

Other debtors
12,376
2,886

Prepayments
5,454
6,283

62,053
58,055


Page 7

 
SHEAF MOTORS OF COAL ASTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
2,389
1,366

Amounts owed to group undertakings
445,835
104,264

Corporation tax
47,870
37,639

Other taxation and social security
10,931
12,676

Other creditors
19,047
15,071

Accruals and deferred income
62,793
66,046

588,865
237,062


Page 8

 
SHEAF MOTORS OF COAL ASTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

8.


Reserves

Profit and loss account

Included within the profit and loss account reserves are non-distributable reserves arising from changes in the fair value of investment property of £889,416 (2024: £770,008).


9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £27,000 (2024 - £NIL). Contributions totalling £NIL (2024 - £NIL) were payable to the fund at the Balance Sheet date. 

 
Page 9