Sheridan House (Cambridge) Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 05929057 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

SHERIDAN HOUSE (CAMBRIDGE) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

6

DIRECTORS:

Ms E A Parkin

R G Cantrill

S Hagard

A Levy

M W Waller

SECRETARY:

R G Cantrill

REGISTERED OFFICE:

15 Ronald Rolph Court

Wadloes Road

Cambridge

Cambridgeshire

CB5 8PX

REGISTERED NUMBER:

05929057 (England and Wales)

ACCOUNTANTS:

Notts Limited

Chartered Accountants

Plaza 668

Hitchin Road

Luton

Bedfordshire

LU2 7XH

FIXED ASSETS

Tangible assets

4

1,188

1,485

Investments

5

109,532

129,477

110,720

130,962

CURRENT ASSETS

Stocks

1,000

1,000

Debtors

6

6,555

8,076

Cash at bank

162,793

178,316

170,348

187,392

CREDITORS

Amounts falling due within one year

7

388,526

395,310

NET CURRENT LIABILITIES

(218,178

)

(207,918

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(107,458

)

(76,956

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(107,459

)

(76,957

)

SHAREHOLDERS' FUNDS

(107,458

)

(76,956

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 12 December 2023 and were signed on its behalf by:

M W Waller - Director

1.	STATUTORY INFORMATION

Sheridan House (Cambridge) Ltd 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 as modified by the revaluation of certain assets.

Tangible fixed assets

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

Plant and machinery etc

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Fixed asset investments

Fixed asset investments are valued at their market value at the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2022

and 31 December 2022

6,937

DEPRECIATION

At 1 January 2022

5,452

Charge for year

297

At 31 December 2022

5,749

NET BOOK VALUE

At 31 December 2022

1,188

At 31 December 2021

1,485

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2022

129,477

Additions

928

Revaluations

(20,873

)

At 31 December 2022

109,532

NET BOOK VALUE

At 31 December 2022

109,532

At 31 December 2021

129,477

Fixed asset investments with an original cost of £139,000 on which there have been revaluation losses in earlier years have been revalued in the current year by a loss of £20,873 (2021 - profit of £11,153) to £109,532 (2021 - £129,477).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

2,355

3,876

Other debtors

4,200

4,200

6,555

8,076

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

2,140

1,334

Taxation and social security

(281

)

(281

)

Other creditors

386,667

394,257

388,526

395,310

8.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party of the company.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2022 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Notts Limited

Chartered Accountants

Plaza 668

Hitchin Road

Luton

Bedfordshire

LU2 7XH

12 December 2023