Company registration number: 11512620
Unaudited financial statements
for the year ended 31 January 2025
for
Sherlock Residence Ltd
Pages for filing with the Registrar
Company registration number: 11512620
Sherlock Residence Ltd
Balance sheet
as at 31 January 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 963,938 967,237
963,938 967,237
Current assets
Cash at bank and in hand 215 1,266
215 1,266
Creditors: amounts falling due within one
year 		(886,215) (896,731)
Net current liabilities (886,000) (895,465)
Total assets less current liabilities 77,938 71,772
Creditors: Amounts falling due after more
than one year 		(7,762) (13,333)
NET ASSETS 70,176 58,439
Capital and reserves
Called up share capital 100 100
Profit and loss account 70,076 58,339
TOTAL EQUITY 70,176 58,439
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 January 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 11512620
Sherlock Residence Ltd
Balance sheet - continued
as at 31 January 2025
The 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 6 October 2025 and signed on its behalf by:
Mr H Sherlock, Director
6 October 2025
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Sherlock Residence Ltd
Notes to the financial statements
for the year ended 31 January 2025
1 Company information
Sherlock Residence Ltd is a private company registered in England and Wales. Its registered number is 11512620. The company is limited by shares. Its registered office is 2 Clink Farm Court, Frome, Somerset, BA11 2EW.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - 0% straight line
Plant and machinery etc.:
Improvements to property - 0% straight line
Fixtures & fittings - 20% straight line
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
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Sherlock Residence Ltd
Notes to the financial statements - continued
for the year ended 31 January 2025
3 Average number of employees
During the year the average number of employees was 5 (2024 - 5).
4 Tangible fixed assets
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Cost
At 1 February 2024 922,135 104,698 1,026,833
At 31 January 2025 922,135 104,698 1,026,833
Depreciation
At 1 February 2024 - 59,596 59,596
Charge for year - 3,299 3,299
At 31 January 2025 - 62,895 62,895
Net book value
At 31 January 2025 922,135 41,803 963,938
At 31 January 2024 922,135 45,102 967,237
5 Related party transactions
Within Other Creditors at the balance sheet date is an amount of £846,684 (2024 £792,611) owed to Directors H V and Mrs F E Sherlock
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