IRIS Accounts Production v25.2.0.378 13835316 Board of Directors 1.2.24 31.1.25 31.1.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 13835316 2024-01-31 13835316 2025-01-31 13835316 2024-02-01 2025-01-31 13835316 2023-01-31 13835316 2023-02-01 2024-01-31 13835316 2024-01-31 13835316 ns15:EnglandWales 2024-02-01 2025-01-31 13835316 ns14:PoundSterling 2024-02-01 2025-01-31 13835316 ns10:Director1 2024-02-01 2025-01-31 13835316 ns10:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 13835316 ns10:SmallEntities 2024-02-01 2025-01-31 13835316 ns10:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 13835316 ns10:SmallCompaniesRegimeForDirectorsReport 2024-02-01 2025-01-31 13835316 ns10:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 13835316 ns10:FullAccounts 2024-02-01 2025-01-31 13835316 ns10:Director2 2024-02-01 2025-01-31 13835316 ns10:RegisteredOffice 2024-02-01 2025-01-31 13835316 ns5:CurrentFinancialInstruments 2025-01-31 13835316 ns5:CurrentFinancialInstruments 2024-01-31 13835316 ns5:ShareCapital 2025-01-31 13835316 ns5:ShareCapital 2024-01-31 13835316 ns5:RetainedEarningsAccumulatedLosses 2025-01-31 13835316 ns5:RetainedEarningsAccumulatedLosses 2024-01-31 13835316 ns5:PlantMachinery 2024-02-01 2025-01-31 13835316 ns5:PlantMachinery 2025-01-31 13835316 ns5:CurrentFinancialInstruments ns5:WithinOneYear 2025-01-31 13835316 ns5:CurrentFinancialInstruments ns5:WithinOneYear 2024-01-31

REGISTERED NUMBER: 13835316 (England and Wales)

| Sharmar Developments Ltd |

| Unaudited Financial Statements |

| for the Year Ended 31 January 2025 |

| Sharmar Developments Ltd (Registered number: 13835316) |

Contents of the Financial Statements

for the Year Ended 31 January 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Sharmar Developments Ltd |

Company Information

for the Year Ended 31 January 2025

| DIRECTORS: | Mr Chrsitopher Robert Strang

| Mr Mark Alan Tuson

| REGISTERED OFFICE: | Station House

| Station Road

| Whalley

| Clitheroe

| Lancashire

| BB7 9RT

| REGISTERED NUMBER: | 13835316 (England and Wales)

| Sharmar Developments Ltd (Registered number: 13835316) |

Balance Sheet

31 January 2025

| 2025 |  | 2024

| Notes | £ | £ |

Fixed assets

Tangible assets | 4 | 2,133 |  | - |  |

Current assets

Stocks | 5 | 262,365 |  | 262,365 |  |

Debtors | 6 | 1,242 |  | 12 |  |

Cash at bank | 3,334 |  | 266 |  |

266,941 |  | 262,643 |  |

Creditors

Amounts falling due within one year | 7 | (292,850 | ) | (274,753 | ) |

Net current liabilities | (25,909 | ) | (12,110 | ) |

Total assets less current liabilities | (23,776 | ) | (12,110 | ) |

Capital and reserves

Called up share capital | 100 |  | 100 |  |

Retained earnings | (23,876 | ) | (12,210 | ) |

(23,776 | ) | (12,110 | ) |

| Sharmar Developments Ltd (Registered number: 13835316) |

Balance Sheet - continued

31 January 2025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 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 and Statement of Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2025 and were signed on its behalf by:

Mr Mark Alan Tuson - Director

| Sharmar Developments Ltd (Registered number: 13835316) |

Notes to the Financial Statements

for the Year Ended 31 January 2025

1. | GENERAL INFORMATION

| The company is a private company limited by share capital, incorporated in England & Wales.

| The address of its registered office is:

| Station House

| Station Road

| Whalley

| Lancashire

| BB7 9RT

| England

2. | ACCOUNTING POLICIES

| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND KEY ACCOUNTING ESTIMATES

| The principal accounting policies applied in the preparation of these financial statements are set out below.These policies have been consistently applied to all the years presented, unless otherwise stated.

| STATEMENT OF COMPLIANCE

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

| BASIS OF PREPARATION

| These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

| GOING CONCERN

| The financial statements have been prepared on a going concern basis.

| REVENUE RECOGNITION

| Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities.Turnover is shown net of sales/value added tax,returns,rebates and discounts.

| The company recognises revenue when:

| The amount of revenue can be reliably measured;

| it is probable that future economic benefits will flow to the entity;

| and specific criteria have been met for each of the company's activities.

| CASH AND CASH EQUIVALENTS

| Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

| Sharmar Developments Ltd (Registered number: 13835316) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

2. | ACCOUNTING POLICIES - continued

| TANGIBLE FIXED ASSETS

| Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

| The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

| DEPRECIATION

| Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

| Asset class |  | Depreciation method and rate |  |

| Plant and machinery |  | 25% Reducing balance |  |

| TRADE DEBTORS

| Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

| Trade debtors are recognised initially at the transaction price.They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

| STOCKS

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

| The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

| TRADE CREDITORS

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

| Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

| Sharmar Developments Ltd (Registered number: 13835316) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

2. | ACCOUNTING POLICIES - continued

| SHARE CAPITAL

| Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

| DEFINED CONTRIBUTION PENSION OBLIGATION

| A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

| Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

£ |

| COST

| Additions | 2,844 |  |

| At 31 January 2025 | 2,844 |  |

| DEPRECIATION

| Charge for year | 711 |  |

| At 31 January 2025 | 711 |  |

| NET BOOK VALUE

| At 31 January 2025 | 2,133 |  |

5. | STOCKS

2025 | 2024 |

£ | £ |

| Work-in-progress | 262,365 |  | 262,365 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| VAT | 955 |  | 12 |  |

| Prepayments | 287 |  | - |  |

1,242 |  | 12 |  |

| Sharmar Developments Ltd (Registered number: 13835316) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Amounts owed to participating interests | 266,259 |  | 246,259 |  |

| PAYE and NIC creditor | - |  | 6 |  |

| Directors' current accounts | 25,470 |  | 27,267 |  |

| Accrued expenses | 1,121 |  | 1,221 |  |

292,850 |  | 274,753 |  |