Sherburn Minerals Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01039631 (England and Wales)

Financial Statements

for the Year Ended 31 December 2021

for

Sherburn Minerals Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J W Atherton-Ham

Ms S Bolton

SECRETARY:

Ms S Bolton

REGISTERED OFFICE:

Pinnacle House, Breedon Quarry

Breedon On The Hill

Derby

DE73 8AP

REGISTERED NUMBER:

01039631 (England and Wales)

AUDITORS:

Clayton & Brewill

Statutory Auditors and

Chartered Accountants

Cawley House

149-155 Canal Street

Nottingham

Nottinghamshire

NG1 7HR

FIXED ASSETS

Investments

4

-

1,202,967

CURRENT ASSETS

Debtors

5

2

5,854,254

NET CURRENT ASSETS

2

5,854,254

TOTAL ASSETS LESS CURRENT LIABILITIES

2

7,057,221

CREDITORS

Amounts falling due after more than one year

6

-

3,571,306

NET ASSETS

2

3,485,915

CAPITAL AND RESERVES

Called up share capital

2

467,000

Revaluation reserve

7

-

1,201,717

Retained earnings

-

1,817,198

SHAREHOLDERS' FUNDS

2

3,485,915

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 28 September 2022 and were signed on its behalf by:

J W Atherton-Ham - Director

1.	STATUTORY INFORMATION

Sherburn Minerals 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 NIL (2020 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2021

1,202,967

Impairments

(1,202,967

)

At 31 December 2021

-

NET BOOK VALUE

At 31 December 2021

-

At 31 December 2020

1,202,967

5.

DEBTORS

2021

2020

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

2

3,334,942

Amounts falling due after more than one year:

Amounts owed by group undertakings

-

2,519,312

Aggregate amounts

2

5,854,254

An amount owed from group undertakings has been written off during the 2021 period resulting in other operating income.

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Amounts owed to group undertakings

-

3,571,306

The full amount owed to group undertakings has been written off during the 2021 period resulting in other operating income.

7.

RESERVES

Revaluation

reserve

£

At 1 January 2021

1,201,717

Realisation of revaluation

(1,201,717

)

At 31 December 2021

-

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Neil South FCA (Senior Statutory Auditor)

for and on behalf of Clayton & Brewill

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Breedon Group plc, a company registered in Jersey. Copies of the consolidated financial statements for Breedon Group plc can be obtained from the Company Secretary, Breedon Group plc, 28 Esplanade, St. Helier, Jersey, JE2 3QA.

10.	TRANSITION TO FRS102 (SECTION 1A)

There have been no effects of transition as a result of the change in accounting standard from FRS105 to FRS102 (Section 1A). There have been no changes in accounting policies, and both the income statement and the balance sheet and its equity are unchanged at both the date of transition (01/01/2021) and the end of the comparative (31/12/2020).