REGISTERED NUMBER: 00640396 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Michael Sharp & Co Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Sharp

Miss E Sharp

REGISTERED OFFICE:

Stanton Court

Casthorpe Road

Denton

Grantham

Lincolnshire

NG32 1JT

REGISTERED NUMBER:

00640396 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,040

1,623

Investment property

5

1,090,000

800,000

1,091,040

801,623

CURRENT ASSETS

Debtors

6

2,815

1,520

Cash at bank

33,812

36,831

36,627

38,351

CREDITORS

Amounts falling due within one year

7

34,191

38,386

NET CURRENT ASSETS/(LIABILITIES)

2,436

(35

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,093,476

801,588

PROVISIONS FOR LIABILITIES

72,500

62

NET ASSETS

1,020,976

801,526

CAPITAL AND RESERVES

Called up share capital

5,040

5,040

Revaluation reserve

686,316

686,316

Retained earnings

329,620

110,170

1,020,976

801,526

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 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 27 May 2026 and were signed on its behalf by:

Miss E Sharp - Director

1.	STATUTORY INFORMATION

Michael Sharp & Co 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 November 2024

and 31 October 2025

7,682

3,940

11,622

DEPRECIATION

At 1 November 2024

6,249

3,750

9,999

Charge for year

393

190

583

At 31 October 2025

6,642

3,940

10,582

NET BOOK VALUE

At 31 October 2025

1,040

-

1,040

At 31 October 2024

1,433

190

1,623

5.	INVESTMENT PROPERTY

The directors engaged firms of chartered surveyors to revalue the investment properties at 31 October 2025 and the directors believe that the revalued amounts represent the fair value at the balance sheet date.

Cost or valuation at 31 October 2025 is represented by:

£

Valuation in 2010

703,119

Valuation in 2012

(125,000

)

Valuation in 2025

290,000

Cost

221,881

1,090,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

521

-

Other debtors

2,294

1,520

2,815

1,520

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Taxation and social security

4,388

5,344

Other creditors

29,803

33,042

34,191

38,386