The Sharpham Trust Trading Company Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07877557

The Sharpham Trust Trading Company Limited

Filleted Unaudited Financial Statements

31 March 2025

The Sharpham Trust Trading Company Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	4	163,529	176,082

Current assets

Debtors	5	116,036	102,477
Cash at bank and in hand		23,945	31,333
		---------	---------
		139,981	133,810

Creditors: amounts falling due within one year	6	4,753	4,945
		---------	---------
Net current assets		135,228	128,865
		---------	---------
Total assets less current liabilities		298,757	304,947
		---------	---------
Net assets		298,757	304,947
		---------	---------

Capital and reserves

Called up share capital	7	280,000	280,000
Profit and loss account		18,757	24,947
		---------	---------
Shareholder funds		298,757	304,947
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

The Sharpham Trust Trading Company Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 13 November 2025 , and are signed on behalf of the board by:

Mr W J Lana

Director

Company registration number: 07877557

The Sharpham Trust Trading Company Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sharpham House, Ashprington, Totnes, Devon, TQ9 7UT.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	over 50 years straight line
Plant & machinery	-	over 20 years straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debtors and creditors with no stated interest rate and receivable or payable within one year are basic financial instruments and are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. Tangible assets

	Land and buildings	Plant and machinery	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	108,546	207,597	316,143
	---------	---------	---------
Depreciation
At 1 April 2024	26,052	114,009	140,061
Charge for the year	2,171	10,382	12,553
	---------	---------	---------
At 31 March 2025	28,223	124,391	152,614
	---------	---------	---------
Carrying amount
At 31 March 2025	80,323	83,206	163,529
	---------	---------	---------
At 31 March 2024	82,494	93,588	176,082
	---------	---------	---------

5. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	89,145	60,955
Other debtors	26,891	41,522
	---------	---------
	116,036	102,477
	---------	---------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	4,753	4,945
	-------	-------

7. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	280,000	280,000	280,000	280,000
	---------	---------	---------	---------

8. Related party transactions

The company, is a 100% subsidiary of The Sharpham Trust (a charitable company). The Sharpham Trust has a loan account with the company. This loan is interest free and there are no fixed terms of repayment. During the year the company has made Gift Aid payments to The Sharpham Trust totalling £26,182 (2024: £24,372). As at 31 March 2025 the company was due from The Sharpham Trust the sum of £89,145 (2024: £60,955) which amount is included in debtors in these financial statements.

9. Controlling party

The immediate and controlling party is The Sharpham Trust, a charitable company registered in England and Wales.