REGISTERED NUMBER: 11252761 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

SHERRIFF'S GATE DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Harrison

REGISTERED OFFICE:

The Porthouse

75 Lowesmoor Wharf

Worcester

Worcestershire

WR1 2RS

REGISTERED NUMBER:

11252761 (England and Wales)

CURRENT ASSETS

Debtors

4

163,148

305,842

Cash at bank

-

15

163,148

305,857

CREDITORS

Amounts falling due within one year

5

259,851

396,455

NET CURRENT LIABILITIES

(96,703

)

(90,598

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(96,703

)

(90,598

)

CREDITORS

Amounts falling due after more than one year

6

12,241

12,241

NET LIABILITIES

(108,944

)

(102,839

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(109,044

)

(102,939

)

(108,944

)

(102,839

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 26th November 2025 and were signed by:

S Harrison - Director

1.	STATUTORY INFORMATION

Sherriff'S Gate Developments 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.

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 (2024 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Amounts owed by group undertakings

50,056

36,775

Other debtors

113,092

263,540

VAT

-

5,527

163,148

305,842

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

(589

)

10,000

Trade creditors

4,000

139,915

Amounts owed to group undertakings

215,290

205,390

Directors' loan accounts

38,900

38,900

Accrued expenses

2,250

2,250

259,851

396,455

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans - 2-5 years

12,241

12,241

7.	RELATED PARTY DISCLOSURES

In the year to 31 March 2024, the company owed £38,900 (2023: £38,900) to the Director, Mr S Harrison. This balance is unsecured, interest free and repayable on demand.

In the year to 31 March 2024, the company was owed £5,000 (2023: £3,000) by Harrison Worcester LLP, £20,825 (2023: £53,775) by Sherriff's Gate Limited, £5,500 (2023: £3,050) by Lowesmoor Regeneration Limited and £5,350 (2023: £2,500) by Norton parkway Business Park Limited. All of the above are connected companies owned by the Harrison family, with the advances being unsecured, interest-free and repayable on demand.

In the year to 31 March 2024, the company owed £5,100 (2023: £7,000) to Marsten Developments Worcester Limited, £8,400 (2023: £8,400) to Norton Parkway Developments Limited, £11,730 (2023: £8,330) to Lowesmoor Wharf Developments Limited, £nil (2023 £28,550) to Sherriff's Gate Developments (Phase 1) Limited, and £180,160 (2023: £186,160) to Elgar Properties Worcs. Limited. All of the above are connected companies owned by the Harrison familty, with the advances being unsecured, interest-free and repayable on demand.