REGISTERED NUMBER: 00354771 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Sharpe Brothers & Co. Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W M Whitaker

J. Pelling

R A Pelling

REGISTERED OFFICE:

90 Common Road

Church Gresley

Swadlincote

Derbyshire

DE11 9NW

REGISTERED NUMBER:

00354771 (England and Wales)

ACCOUNTANTS:

Bourne & Co.

Chartered Accountants

47a Queen Street

Derby

Derbyshire

DE1 3DE

FIXED ASSETS

Tangible assets

4

14,181

15,290

Investment property

5

4,072,750

4,037,750

4,086,931

4,053,040

CURRENT ASSETS

Debtors

6

35,487

30,794

Cash at bank

947,761

779,808

983,248

810,602

CREDITORS

Amounts falling due within one year

7

162,702

151,329

NET CURRENT ASSETS

820,546

659,273

TOTAL ASSETS LESS CURRENT LIABILITIES

4,907,477

4,712,313

PROVISIONS FOR LIABILITIES

247,072

238,394

NET ASSETS

4,660,405

4,473,919

CAPITAL AND RESERVES

Called up share capital

8

20,000

20,000

Share premium

245,000

245,000

Fair Value Reserve

9

1,542,190

1,515,940

Retained earnings

2,853,215

2,692,979

SHAREHOLDERS' FUNDS

4,660,405

4,473,919

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 1 June 2026 and were signed on its behalf by:

W M Whitaker - Director

J. Pelling - Director

R A Pelling - Director

1.	STATUTORY INFORMATION

Sharpe Brothers & 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.

Turnover

Turnover represents net rents receivable, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

25% 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.

Financial liabilities

Short term creditors are measured at transaction price. Other financial liabilities are measured initially at fair value, net of transaction cost and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Financial assets

Short term debtors are measured at transaction price, less any impairment. Other financial assets are measured initially at fair value, net of transactions cost and are subsequently measured at amortised cost using the effective interest method, less any impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

161,337

DEPRECIATION

At 1 January 2025

146,047

Charge for year

1,109

At 31 December 2025

147,156

NET BOOK VALUE

At 31 December 2025

14,181

At 31 December 2024

15,290

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

4,037,750

Revaluations

35,000

At 31 December 2025

4,072,750

NET BOOK VALUE

At 31 December 2025

4,072,750

At 31 December 2024

4,037,750

Fair value at 31 December 2025 is represented by:

£

Valuation in 2020

1,519,332

Valuation in 2022

69,920

Valuation in 2023

70,289

Valuation in 2025

35,000

Cost

2,378,209

4,072,750

The investment property is, in the directors’ view, stated at its fair value as at 31 December 2025.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

21,283

28,493

Other debtors

14,204

2,301

35,487

30,794

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

86,300

6,660

Taxation and social security

61,041

101,224

Other creditors

15,361

43,445

162,702

151,329

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

20,000

Ordinary

£1

20,000

20,000

9.

RESERVES

Fair

Value

Reserve

£

At 1 January 2025

1,515,940

Movement in reserve

26,250

At 31 December 2025

1,542,190