Sherchan & Daughters Ltd - Filleted accounts

Registered number

11224483

Sherchan & Daughters Ltd

Filleted Accounts

31 March 2025

Sherchan & Daughters Ltd
Registered number:		11224483
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		15,486			30,970
Tangible assets	4		375,101			376,192
			390,587			407,162

Current assets
Stocks		27,800			9,285
Debtors	5	23,305			8,000
Cash at bank and in hand		21,782			62,602
		72,887			79,887

Creditors: amounts falling due within one year	6	(89,502)			(95,872)

Net current liabilities			(16,615)			(15,985)

Total assets less current liabilities			373,972			391,177

Creditors: amounts falling due after more than one year	7		(170,665)			(189,175)

Provisions for liabilities			(13,302)			(13,302)


Net assets			190,005			188,700

Capital and reserves
Called up share capital			100			100
Profit and loss account			189,905			188,600

Shareholder's funds			190,005			188,700

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




K Sherchan
Director
Approved by the board on 16 December 2025

Sherchan & Daughters Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			27		19


3	Intangible fixed assets					£
	Lease:

	Cost
	At 1 April 2024					108,390
	At 31 March 2025					108,390

	Amortisation
	At 1 April 2024					77,420
	Provided during the year					15,484
	At 31 March 2025					92,904

	Net book value
	At 31 March 2025					15,486
	At 31 March 2024					30,970

	Lease is being written off in equal annual instalments over its estimated economic life of 7 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2024	375,000		5,453		380,453
	At 31 March 2025	375,000		5,453		380,453

	Depreciation
	At 1 April 2024	-		4,261		4,261
	Charge for the year	-		1,091		1,091
	At 31 March 2025	-		5,352		5,352

	Net book value
	At 31 March 2025	375,000		101		375,101
	At 31 March 2024	375,000		1,192		376,192


5	Debtors			2025		2024
£					£

	Other debtors			23,305		8,000


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			20,079		18,737
	Trade creditors			50,672		49,625
	Taxation and social security costs			35,696		23,783
	Other creditors			(16,945)		3,727
				89,502		95,872


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			170,665		189,175


8	Controlling party

	The ultimate controlling party is Mr K Sherchan by virtue of his ownership of 100% share capital.


9	Other information

	Sherchan & Daughters Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	2 Gambier Parry Gardens
	Gloucester
	England
	GL2 9RD