Sharlketh Limited Accounts






Sharlketh Limited

	Company No. 01104211
		Information for Filing with The Registrar
		31 January 2026

The Directors present their report and the accounts for the year ended 31 January 2026.

Principal activities
The principal activity of the company during the year under review was Retail shop and restaurant.




Directors

The Directors who served at any time during the year were as follows:

Trudi Deakin
David Fletcher
Aaron Toner







































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

Trudi Deakin
Director
27 October 2026

at	31 January 2026
Company No.		01104211	Notes	2026	2025
				£	£
Fixed assets

	Tangible assets		5	823,669	826,183


				823,669	826,183
Current assets
	Stocks		6	17,407	26,886
	Debtors		7	6,659	7,033

	Cash at bank and in hand			36,898	1,451
				60,964	35,370
Creditors: Amount falling due within one year			8	(336,849)	(195,336)
Net current liabilities				(275,885)	(159,966)
Total assets less current liabilities				547,784	666,217
Creditors: Amounts falling due after more than one year			9	(55,688)	(13,226)
Provisions for liabilities
	Deferred taxation		10	(50,617)	(91,216)

Net assets				441,479	561,775

Capital and reserves
	Called up share capital			8	8

	Revaluation reserve		12	609,257	672,332

	Profit and loss account		12	(167,786)	(110,565)

Total equity				441,479	561,775



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 January 2026 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 20 October 2026 and signed on its behalf by:
Trudi Deakin
Director
27 October 2026

for the year ended 31 January 2026

General information

Sharlketh Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 01104211

Its registered office is:

Its trading address is:

Bridge Mill

St George's Square

Hebden Bridge

West Yorkshire

HX7 8ET

The accounts have been prepared in accordance and comply with FRS 102 and Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Going concern

These financial statements have been prepared on a Going Concern basis, and the management have carried out an assessment confirming the company's ability to continue trading for the coming 12 months. A proportion of the trade will cease and be replaced by additional rental during the next accounting period.

Accounting policies

Revenue recognition

The company typically satisfies its performance obligations with customers upon delivery of goods, or upon completion of services. Credit terms are not generally offered to customers. The company provides retail food and beverages, and gifts from its shop. It also rents out numerous units to local small businesses.

Intangible fixed assets

Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Freehold buildings

2-5% Straight Line

Plant and machinery

15% Reducing

Furniture, fittings and equipment

33.33% Straight Line

Leased assets

Present lease commitments are £240 per annum for rental of a card payment machine, and as the amount is immaterial the commitment is expensed and not recognised in the balance sheet.

Research and development costs

Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at rate of 33.33% straight line.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.

Investments

Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Employee benefits

Defined contribution pensions

The company operates a Workplace pension scheme.

Other employee benefits

One of the directors benefits from private medical insurance

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2026	2025
			Number	Number
		The average monthly number of employees (including directors) during the year was:	23	23

4	Taxation
		(a) Tax on profit on ordinary activities	2026	2025
		The tax charge is made up as follows:	£	£
		UK corporation tax




		Origination and reversal of timing differences	(40,599)	(8,968)

		Total deferred tax	(40,599)	(8,968)

		Tax on profit on ordinary activities	(40,599)	(8,968)

		(b) Factors affecting the total tax charge for the period
		The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The differences are reconciled below:
		Lower	2026	2025
		-375	£	£
		Profit on ordinary activities before tax	(160,895)	(60,249)

		Standard rate of corporation tax in the United Kingdom	25%	25%

		Profit on ordinary activities multiplied by standard rate of corporation tax in the United Kingdom	(40,224)	(15,062)
		Expenses not deductible for tax purposes	(50,992)	(94,090)

		Utilisation of tax losses	(48,435)	(15,949)
		Other short term timing differences	5,577	22,658
		Capital Gains	93,475	93,475
		Tax on profit on ordinary activities	(40,599)	(8,968)

5	Tangible fixed assets
			Land and buildings	Plant and machinery	Total
			£	£	£
		Cost or revaluation
		At 1 February 2025	927,500	126,597	1,054,097
		Additions	-	25,265	25,265



		At 31 January 2026	927,500	151,862	1,079,362
		Depreciation
		At 1 February 2025	111,550	116,364	227,914
		Charge for the year	24,636	3,143	27,779



		At 31 January 2026	136,186	119,507	255,693
		Net book values
		At 31 January 2026	791,314	32,355	823,669
		At 31 January 2025	815,950	10,233	826,183

		Freehold land and buildings
			2026		2025
			£		£
		Historical cost	660,828		660,828
		Cumulative depreciation based upon historical cost	266,672		266,672
			927,500		927,500

		The property was last revalued in the year ended January 2022

6	Stocks
			2026	2025
			£	£


		Finished goods	17,407	26,886
			17,407	26,886

7	Debtors
			2026	2025
			£	£
		Trade debtors	(1,001)	(300)

		Corporation tax recoverable	521	521




		Prepayments and accrued income	7,139	6,812
			6,659	7,033

8	Creditors:
		amounts falling due within one year
			2026	2025
			£	£

		Bank loans and overdrafts	2,835	8,529


		Trade creditors	85,487	83,232

		Taxes and social security	9,655	25,346
		Loans from directors	229,606	64,820
		Other creditors	838	4,653
		Accruals and deferred income	8,428	8,756
			336,849	195,336

		Bank loans are secured by a fixed and floating charge over the company's assets


		Bank loans are secured by a fixed and floating charge over the company's assets

9	Creditors:
		amounts falling due after more than one year
			2026	2025
			£	£

		Bank loans and overdrafts	10,784	13,226
		Other loans	18,654	-



		Other creditors	26,250	-

			55,688	13,226

10	Deferred taxation
			Accelerated Capital Allowances, Losses and Other Timing Differences	Total
			£	£
		At 1 February 2025	91,216	91,216
		Charge to the profit and loss account for the period	(40,599)	(40,599)

		At 31 January 2026	50,617	50,617


			2026	2025
			£	£
		Accelerated capital allowances	5,577	22,387
		Tax losses	(48,435)	(24,646)
		Revaluation of land and buildings	93,475	93,475

			50,617	91,216

Share Capital

Ordinary Shares of £1 each

12	Reserves
			Revaluation Reserve	Total other reserves
			£	£
		At 1 February 2024	705,755	705,755
		Movement on revaluation reserve	(33,423)	(33,423)


		At 31 January 2025 and 1 February 2025	672,332	672,332
		Movement on revaluation reserve	(63,075)	(63,075)


		At 31 January 2026	609,257	609,257

		Revaluation reserve - reflects the revaluation of property other than investment properties.


		Profit and loss account - includes all current and prior period retained profits and losses.

13	Guarantees and commitments
			2026	2025
			£	£




		Pension commitments, included in above total	4,316	4,638

		Financial guarantee contracts







		The company property secures finance for an unrelated commercial property development which is relieved via an informal agreement