The Shared Ownership Shop Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09403200 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

The Shared Ownership Shop Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Kiely

J M C Robinson

REGISTERED OFFICE:

c/o R A & D A Thompson

30 High Street

Leighton Buzzard

Bedfordshire

LU7 1EA

REGISTERED NUMBER:

09403200 (England and Wales)

ACCOUNTANTS:

R A & D A Thompson

30 High Street

Leighton Buzzard

Bedfordshire

LU7 1EA

CURRENT ASSETS

Debtors

4

45,143

37,301

Cash at bank

81,769

109,751

126,912

147,052

CREDITORS

Amounts falling due within one year

5

16,136

20,572

NET CURRENT ASSETS

110,776

126,480

TOTAL ASSETS LESS CURRENT LIABILITIES

110,776

126,480

CAPITAL AND RESERVES

Called up share capital

130

130

Retained earnings

110,646

126,350

SHAREHOLDERS' FUNDS

110,776

126,480

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 May 2021 and were signed on its behalf by:

J Kiely - Director

J M C Robinson - Director

1.	STATUTORY INFORMATION

The Shared Ownership Shop 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2020 - 5 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

36,498

15,251

Other debtors

8,645

22,050

45,143

37,301

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors

-

2,546

Taxation and social security

15,136

17,626

Other creditors

1,000

400

16,136

20,572