L & B SHARPE PROPERTIES LTD


Director	SHARPE, Bruce Craig


Registered Address	79 Higher Bore Street
	Bodmin
	PL31 1JT


Registered Number	15308435 (England and Wales)

Balance Sheet as at
30 November 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		66,947		71,050
			66,947		71,050
Current assets
Debtors	4	43,170		27,500
Cash at bank and on hand		7,773		11,564
		50,943		39,064
Creditors amounts falling due within one year	5	(73,173)		(109,877)
Net current assets (liabilities)			(22,230)		(70,813)
Total assets less current liabilities			44,717		237
Net assets			44,717		237
Capital and reserves
Called up share capital			2		2
Profit and loss account			44,715		235
Shareholders' funds			44,717		237

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 5 May 2026, and are signed on its behalf by:

SHARPE, Bruce Craig
Director
Registered Company No. 15308435

L & B SHARPE PROPERTIES LTD

Notes to the Financial Statements
for the year ended 30 November 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 December 24	73,988
	At 30 November 25	73,988
	Depreciation and impairment
	At 01 December 24	2,938
	Charge for year	4,184
	Revaluation surplus	(81)
	At 30 November 25	7,041
	Net book value
	At 30 November 25	66,947
	At 30 November 24	71,050

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	42,726	27,500
Prepayments and accrued income	444	-
Total	43,170	27,500

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	812	12,893
Taxation and social security	12,948	7,891
Other creditors	56,691	87,593
Accrued liabilities and deferred income	2,722	1,500
Total	73,173	109,877