Company Registration No. 13944982 (England and Wales)
SHAMFAM HOME LIMITED
Unaudited accounts
for the year ended 28 February 2025
SHAMFAM HOME LIMITED
Unaudited accounts
Contents
SHAMFAM HOME LIMITED
Company Information
for the year ended 28 February 2025
Directors
Nidhi Sharma
Puneet Sharma
Company Number
13944982 (England and Wales)
Registered Office
Suite 62
95 Mortimer Street
London
London
W1W 7GB
England
Accountants
360 Accounts & Bookkeeping Ltd
1 Epsom Road
Guildford
GU1 3 JT
SHAMFAM HOME LIMITED
Statement of financial position
as at 28 February 2025
Tangible assets
884,482
433,783
Cash at bank and in hand
6,203
16,592
Creditors: amounts falling due within one year
(1,200)
(763)
Net current assets
90,765
191,505
Total assets less current liabilities
975,247
625,288
Creditors: amounts falling due after more than one year
(1,004,043)
(628,676)
Net liabilities
(28,796)
(3,388)
Called up share capital
1,000
1,000
Profit and loss account
(29,796)
(4,388)
Shareholders' funds
(28,796)
(3,388)
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2202 and were signed on its behalf by
Puneet Sharma
Director
Company Registration No. 13944982
SHAMFAM HOME LIMITED
Notes to the Accounts
for the year ended 28 February 2025
SHAMFAM HOME LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13944982. The registered office is Suite 62, 95 Mortimer Street, London, London, W1W 7GB, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Freehold buildings Not depreciated
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Tangible fixed assets
Land & buildings
At 28 February 2025
884,482
At 28 February 2025
884,482
At 29 February 2024
433,783
SHAMFAM HOME LIMITED
Notes to the Accounts
for the year ended 28 February 2025
Amounts falling due within one year
Accrued income and prepayments
1,131
-
Amounts falling due after more than one year
Other debtors
84,331
175,376
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Creditors: amounts falling due within one year
2025
2024
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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Creditors: amounts falling due after more than one year
2025
2024
Bank loans
574,025
266,989
Loans from directors
430,018
361,687
Shareholders’ Loan Position
As of 28/02/2025, the company owes its shareholders a total of £430,017.88, broken down as follows:
Nidhi Sharma: £46,503
Puneet Sharma: £358,464.88
Ananya Sharma: £25,050
These amounts represent loans made by the shareholders to the company. They are recorded as liabilities in the company’s accounts and are repayable to the shareholders.
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Average number of employees
During the year the average number of employees was 0 (2024: 0).
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Reconciliations on adoption of FRS 102