Sheard_of_Uttoxeter_Limited_31_Mar_2026_companies_house_set_of

Company registration number:

00973487

Sheard Of Uttoxeter Limited

Unaudited Filleted Financial Statements for the year ended

31 March 2026

Sheard Of Uttoxeter Limited

Report to the board of directors on the preparation of the unaudited statutory financial statements of Sheard Of Uttoxeter Limited

Year ended

31 March 2026

As described on the statement of financial position, the Board of Directors of

Sheard Of Uttoxeter Limited

are responsible for the preparation of the

financial statements

for the year ended

31 March 2026

, which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes.

You consider that the company is exempt from an audit under the Companies Act 2006.

In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.

Sutton & Co Accountants Ltd

25 Park Street

Macclesfield

Cheshire

SK11 6SS

United Kingdom

Sheard Of Uttoxeter Limited

Statement of Financial Position

31 March 2026

		2026		2025
	Note	£		£
Fixed assets
Tangible assets	5	693,000		693,000
Current assets
Debtors	6	16,164		20,721
Cash at bank and in hand		1,033,905		1,056,927
		1,050,069		1,077,648
Creditors: amounts falling due within one year	7	(42,801	)	(44,290	)
Net current assets		1,007,268		1,033,358
Total assets less current liabilities		1,700,268		1,726,358
Provisions for liabilities		(55,091	)	(55,091	)
Net assets		1,645,177		1,671,267
Capital and reserves
Called up share capital		1,000		1,000
Revaluation reserve		599,291		599,291
Profit and loss account		1,044,886		1,070,976
Shareholders funds		1,645,177		1,671,267

For the year ending

31 March 2026

, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have 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.

These

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.

These

financial statements

were approved by the board of directors and authorised for issue on

28 May 2026

, and are signed on behalf of the board by:

Maureen Margaret Sheard

Director

Company registration number:

00973487

Sheard Of Uttoxeter Limited

Notes to the Financial Statements

Year ended

31 March 2026

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

24 Hawthorn Close

,

Doveridge

,

Ashbourne

,

Derbyshire

,

DE6 5ND

, .

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for rental income.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets carried at a revalued amount are recorded at their fair value at the date of revaluation.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves.

Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

4 Average number of employees

The average number of persons employed by the company during the year was

1

(2025:

1

).

5 Tangible assets

	Land and buildings
	£
Cost
At 1 April 2025 and 31 March 2026	693,000
Depreciation
At 1 April 2025 and 31 March 2026	-
Carrying amount
At 31 March 2026	693,000
At 31 March 2025	693,000

Tangible assets held at valuation

In respect of tangible assets held at valuation, the comparable amounts that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Land and buildings		Land and buildings
	2026		2025
	£		£
Aggregate historical cost	45,971		45,971
Aggregate depreciation	(7,353	)	(7,353	)
Carrying amount	38,618		38,618

Investment property

Included in land and buildings are the following amounts in relation to investment properties:

	2026
	£
Carrying value at 1 April 2025 and 31 March 2026	693,000

The investment property was valued at 31st March 2023 by the then sole director, who was of the opinion that it represented a reasonable approximation of an open market existing use valuation.

Subsequently on the 13th September 2023 the property was independently valued by Mr P Jeffries MRICS of butters john bee at £693,000 on the basis of its Market Value with Vacant Possession.

6 Debtors

	2026		2025
	£		£
Other debtors	16,164		20,721

7 Creditors: amounts falling due within one year

	2026	2025
	£	£
Taxation and social security	21,896	23,456
Other creditors	20,905	20,834
	42,801	44,290