Sheerwater Churches Limited - Filleted accounts

Sheerwater Churches Limited
(Limited by Guarantee)
Registered number:		01181532
Balance Sheet
as at 31 December 2024

Notes			2024		2023
£				£
Fixed assets
Tangible assets	3		1,131,232		1,141,249


Net current assets			-		-

Net assets			1,131,232		1,141,249

Capital and reserves
Reserves	4		316,901		317,068
Profit and loss account			814,331		824,181

Reserves			1,131,232		1,141,249

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




R. R.Oliff
Director
Approved by the board on 9 September 2025

Sheerwater Churches Limited
(Limited by Guarantee)
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Tangible fixed assets
	Tangible fixed assets are measured at cost or valuation less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% reducing balance
	Freehold Buildings	1% on cost


2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			-		-


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 January 2024	1,200,001		21,717		1,221,718
	At 31 December 2024	1,200,001		21,717		1,221,718

	Depreciation
	At 1 January 2024	59,100		21,369		80,469
	Charge for the year	9,850		167		10,017
	At 31 December 2024	68,950		21,536		90,486

	Net book value
	At 31 December 2024	1,131,051		181		1,131,232
	At 31 December 2023	1,140,901		348		1,141,249


	Freehold land and buildings:			2024		2023
£					£
	Historical cost			318,763		318,763
	Cumulative depreciation based on historical cost			16,709		14,402
				302,054		304,361

	St Michaels Church and 288 Albert Drive were revalued at fair value at 31 December 2017 by Gibson Associates, Chartered Surveyors.

4	Other Reserves			2024		2023

	Restricted Fund			£	£

	At 1 January 2024			317,068		317,148
	Transfers			(167)		(80)
	At 31 December 2024			316,901		317,068

	The Restricted Fund is to meet the cost of purchasing and improving properties and other fixed assets.

5	Profit and loss account			2024		2023
£					£

	At 1 January 2024			824,181		834,031
	(Deficit)/surplus for the year			(10,017)		(9,930)
	Transfer reserves			167		80
	At 31 December 2024			814,331		824,181




6	Other information

	Sheerwater Churches Limited is a company limited by guarantee and incorporated in England. Its registered office is:
	St Michaels Shared Church
	Dartmouth Avenue
	Woking
	Surrey
	GU21 5PJ