SHIBUMI PARTNERS LIMITED - Accounts to registrar (filleted)

REGISTERED NUMBER: 10534146 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2020

for

SHIBUMI PARTNERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

John Lewis

Mrs J Lewis

REGISTERED OFFICE:

Southfield House

Froyle Road

Shalden

Alton

Hampshire

GU34 4DA

REGISTERED NUMBER:

10534146 (England and Wales)

ACCOUNTANTS:

B20 Limited

Chartered Certified Accountants

Charwell House

Wilsom Road

Alton

Hampshire

GU34 2PP

FIXED ASSETS

Tangible assets

4

154,545

147,014

CURRENT ASSETS

Debtors

5

34,109

374

Cash at bank

90,926

98,841

125,035

99,215

CREDITORS

Amounts falling due within one year

6

(40,202

)

(18,378

)

NET CURRENT ASSETS

84,833

80,837

TOTAL ASSETS LESS CURRENT
LIABILITIES

239,378

227,851

CREDITORS

Amounts falling due after more than one year

7

(45,000

)

-

NET ASSETS

194,378

227,851

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

193,378

226,851

SHAREHOLDERS' FUNDS

194,378

227,851

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 29 September 2021 and were signed on its behalf by:

John Lewis - Director

1.	STATUTORY INFORMATION

SHIBUMI PARTNERS 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.

Tangible fixed assets

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

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.

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 3 (2019 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2020

107,980

52,046

160,026

Additions

-

23,052

At 31 December 2020

107,980

75,098

183,078

DEPRECIATION

At 1 January 2020

-

13,012

Charge for year

-

15,521

At 31 December 2020

-

28,533

NET BOOK VALUE

At 31 December 2020

107,980

46,565

154,545

At 31 December 2019

107,980

39,034

147,014

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

Trade debtors

1,126

-

Other debtors

32,983

374

34,109

374

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

Trade creditors

4,960

-

Taxation and social security

28,126

16,719

Other creditors

7,116

1,659

40,202

18,378

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.20

31.12.19

£

Bank loans

45,000

-

SHIBUMI PARTNERS LIMITED - Accounts to registrar (filleted) - small 18.2

SHIBUMI PARTNERS LIMITED - Accounts to registrar (filleted) - small 18.2