REGISTERED NUMBER: 04952466 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th November 2024

for

SHARDE INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Patel

Mrs R Patel

SECRETARY:

Mrs R Patel

REGISTERED OFFICE:

2 Burton House

Repton Place

White Lion Road

Amersham

Buckinghamshire

HP7 9LP

REGISTERED NUMBER:

04952466 (England and Wales)

ACCOUNTANTS:

Jacquards

2 Burton House

Repton Place

White Lion Road

Amersham

Buckinghamshire

HP7 9LP

FIXED ASSETS

Investment property

4

3,236,755

3,236,755

CURRENT ASSETS

Debtors

5

13,492

13,492

Cash at bank

157,786

157,786

171,278

171,278

CREDITORS

Amounts falling due within one year

6

590,710

590,710

NET CURRENT LIABILITIES

(419,432

)

(419,432

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,817,323

2,817,323

CREDITORS

Amounts falling due after more than one year

7

(2,003,685

)

(2,003,685

)

PROVISIONS FOR LIABILITIES

(132,628

)

(132,628

)

NET ASSETS

681,010

681,010

CAPITAL AND RESERVES

Called up share capital

9

400

400

Fair value reserve

10

647,541

647,541

Retained earnings

33,069

33,069

SHAREHOLDERS' FUNDS

681,010

681,010

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th November 2025 and were signed on its behalf by:

J Patel - Director

Mrs R Patel - Director

1.	STATUTORY INFORMATION

Sharde Investments Limited 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rent and other income receivable on investment properties, excluding value added tax, and gross proceeds receivable on sale of properties held for development. The profit or loss on sale of properties held for investment is shown under other operating income.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 NIL (2023 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st December 2023

and 30th November 2024

3,236,755

NET BOOK VALUE

At 30th November 2024

3,236,755

At 30th November 2023

3,236,755

Fair value at 30th November 2024 is represented by:

£

Valuation in 2013

437,669

Valuation in 2014

217,500

Valuation in 2017

125,000

Cost

2,456,586

3,236,755

If investment property had not been revalued they would have been included at the following historical cost:

2024

2023

£

£

Cost

2,456,586

2,456,586

Investment property was valued on an open market basis on 30th November 2017 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

7,960

7,960

Other debtors

5,532

5,532

13,492

13,492

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

106,160

106,160

Taxation and social security

838

838

Other creditors

483,712

483,712

590,710

590,710

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

2,003,685

2,003,685

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

2,003,685

2,003,685

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

2,003,685

2,003,685

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1.00

100

100

100

A Ordinary

£1.00

100

100

100

B Ordinary

£1.00

100

100

100

C Ordinary

£1.00

100

100

400

400

10.

RESERVES

Fair

value

reserve

£

At 1st December 2023

and 30th November 2024

647,541

11.	ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party are J Patel and Mrs R Patel, who are both directors and each hold 50% of the issued voting share capital of the company.