The Shared Ownership Shop Limited - Accounts to registrar (filleted) - small 23.1.2

The Shared Ownership Shop Limited - Accounts to registrar (filleted) - small 23.1.2

THE SHARED OWNERSHIP SHOP LIMITED - Company Information

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REGISTERED NUMBER: 09403200 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

The Shared Ownership Shop Limited
The Shared Ownership Shop Limited (Registered number: 09403200)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Shared Ownership Shop Limited

Company Information
for the Year Ended 31 March 2023







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
Page 1
The Shared Ownership Shop Limited (Registered number: 09403200)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
CURRENT ASSETS
Debtors 4 28,129 26,769
Cash at bank 167,096 127,973
195,225 154,742
CREDITORS
Amounts falling due within one
year
5
23,621
19,255
NET CURRENT ASSETS 171,604 135,487
TOTAL ASSETS LESS CURRENT
LIABILITIES
171,604
135,487

CAPITAL AND RESERVES
Called up share capital 130 130
Retained earnings 171,474 135,357
SHAREHOLDERS' FUNDS 171,604 135,487

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 24 May 2023 and were signed on its behalf by:




J Kiely - Director



J M C Robinson - Director


The notes form part of these financial statements

Page 2
The Shared Ownership Shop Limited (Registered number: 09403200)

Notes to the Financial Statements
for the Year Ended 31 March 2023

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 2 (2022 - 3 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 24,870 17,453
Other debtors 3,259 9,316
28,129 26,769

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 23,621 19,255

Page 3