1 April 2024 v2025.57.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP119170682024-04-012025-03-31119170682025-03-31119170682024-03-3111917068core:WithinOneYear2025-03-3111917068core:WithinOneYear2024-03-3111917068core:ShareCapital2025-03-3111917068core:ShareCapital2024-03-3111917068core:RetainedEarningsAccumulatedLosses2025-03-3111917068core:RetainedEarningsAccumulatedLosses2024-03-3111917068bus:Director12024-04-012025-03-3111917068bus:RegisteredOffice2024-04-012025-03-31119170682023-04-012024-03-311191706812024-04-012025-03-3111917068countries:EnglandWales2024-04-012025-03-3111917068bus:AuditExemptWithAccountantsReport2024-04-012025-03-3111917068bus:PrivateLimitedCompanyLtd2024-04-012025-03-3111917068bus:SmallEntities2024-04-012025-03-3111917068bus:FullAccounts2024-04-012025-03-31
Company registration number:
11917068
SHARP HOUSE TV LTD
Unaudited Filleted Financial Statements for the year ended
31 March 2025
SHARP HOUSE TV LTD
Report of the Accountant to the directors of SHARP HOUSE TV LTD
Year ended
31 March 2025
These financial statements have been prepared in accordance with my terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended
31 March 2025
.
I have prepared these financial statements based on the accounting records, information and explanations provided by you. I do not express any opinion on the financial statements.
On the statement of financial position you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give a "true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
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3 Pool View, Puseydale Farm Estate
Main Road
Shavington, Crewe
Cheshire
CW2 5DY
United Kingdom
Date:
1 September 2025
SHARP HOUSE TV LTD
Statement of Financial Position
31 March 2025
20252024
Note££
Current assets    
Debtors 5
154,682
 
80,121
 
Cash at bank and in hand
29,637
 
17,622
 
184,319
 
97,743
 
Creditors: amounts falling due within one year 6
(599,271
)
(501,542
)
Net current liabilities
(414,952
)
(403,799
)
Total assets less current liabilities (414,952 ) (403,799 )
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
(414,953
)
(403,800
)
Shareholders deficit
(414,952
)
(403,799
)
For the year ending
31 March 2025
, 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 financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
1 September 2025
, and are signed on behalf of the board by:
I Sharp
Director
Company registration number:
11917068
SHARP HOUSE TV LTD
Notes to the Financial Statements
Year ended
31 March 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
124 City Road
,
London
,
EC1V 2NX
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Going concern

The financial statements have been prepared on a going concern basis notwithstanding the fact that the company has a deficiency on total equity at the end of the year. The directors consider this basis to be appropriate as the company has sufficient facilities available from its shareholders to fund its working capital requirements for a period of at least twelve months from the date these financial statements were approved.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Foreign currency translation

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non- monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2024:
2.00
).

5 Debtors

20252024
££
Other debtors
154,682
 
80,121
 

6 Creditors: amounts falling due within one year

20252024
££
Trade creditors
2,850
 
3,630
 
Amounts owed to group undertakings and undertakings in which the company has a participating interest
3,457
 
29,288
 
Other creditors
592,964
 
468,624
 
599,271
 
501,542