REGISTERED NUMBER: 07883546 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Sherman Lock 1862 LTD

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

G Alpago

Ms M Alpago

C Alpago

A Alpago

Ms E Bianchi

REGISTERED OFFICE:

Suite 3

Sigma Business Centre

7 Havelock Place

Harrow

Middlesex

HA1 1LJ

REGISTERED NUMBER:

07883546 (England and Wales)

ACCOUNTANTS:

Gladstone Accountancy Services Ltd

Suite 3

Sigma Business Centre

7 Havelock Place

Harrow

Middlesex

HA1 1LJ

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

DIRECTORS

G Alpago has held office during the whole of the period from 1 January 2024 to the date of this report.

Other changes in directors holding office are as follows:

Ms M Alpago - appointed 26 June 2024

C Alpago - appointed 26 June 2024

A Alpago - appointed 26 June 2024

Ms E Bianchi - appointed 26 June 2024

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

C Alpago - Director

25 September 2025

TURNOVER

-

-

Administrative expenses

11,507

43,370

(11,507

)

(43,370

)

Other operating income

22,303

30,314

OPERATING PROFIT/(LOSS)

10,796

(13,056

)

Loan to Related party written

off

4

(532,151

)

-

Profit on sale of Fixed Assets Investment

4

-

3,860

(521,355

)

(9,196

)

Interest receivable and similar income

873

25,526

(LOSS)/PROFIT BEFORE TAXATION

(520,482

)

16,330

Tax on (loss)/profit

2,917

2,933

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(523,399

)

13,397

FIXED ASSETS

Tangible assets

5

915,000

915,000

CURRENT ASSETS

Debtors

6

5,489

535,203

Cash at bank

764

129,760

6,253

664,963

CREDITORS

Amounts falling due within one year

7

25,034

160,345

NET CURRENT (LIABILITIES)/ASSETS

(18,781

)

504,618

TOTAL ASSETS LESS CURRENT LIABILITIES

896,219

1,419,618

CAPITAL AND RESERVES

Called up share capital

600

600

Retained earnings

895,619

1,419,018

SHAREHOLDERS' FUNDS

896,219

1,419,618

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

C Alpago - Director

1.	STATUTORY INFORMATION

Sherman Lock 1862 LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Land and buildings - Not depreciated

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 1 ) .

4.	EXCEPTIONAL ITEMS

31.12.24

31.12.23

£

£

Loan to Related party written

off

(532,151

)

-

Profit on sale of Fixed Assets Investment

-

3,860

(532,151

)

3,860

5.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 January 2024

and 31 December 2024

915,000

NET BOOK VALUE

At 31 December 2024

915,000

At 31 December 2023

915,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

5,489

3,925

Amounts due from related parti es

-

531,278

5,489

535,203

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other loans

21,912

159,261

Tax

2,917

967

Social security and other taxes

80

117

Other creditors

125

-

25,034

160,345

8.	RELATED PARTY TRANSACTIONS

During the year the company charged interest of £873 (2023 - £25,526) for loan given to a company controlled by related parties.

The following amounts are outstanding at the reporting end date.

AMOUNTS DUE FROM RELATED PARTIES

2024 2023

Other related parties £ - £531,278

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