SHARAZ HOMES LTD

SHARAZ HOMES LTD

SHARAZ HOMES LTD - Company Information

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SHARAZ HOMES LTD

Company Registration Number:
04450155 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2017

Period of accounts

Start date: 01 June 2016

End date: 31 May 2017

SHARAZ HOMES LTD

Contents of the Financial Statements

for the Period Ended 31 May 2017

Balance sheet
Notes

SHARAZ HOMES LTD

Balance sheet

As at 31 May 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 3 1,220,298 1,220,001
Total fixed assets: 1,220,298 1,220,001
Current assets
Stocks: 1,022,228 443,104
Debtors: 4 59,378 13,412
Cash at bank and in hand: 75,248 547,043
Total current assets: 1,156,854 1,003,559
Creditors: amounts falling due within one year: 5 (254,180) (187,622)
Net current assets (liabilities): 902,674 815,937
Total assets less current liabilities: 2,122,972 2,035,938
Creditors: amounts falling due after more than one year: 6 (944,616) (766,214)
Provision for liabilities: (88,700) (88,700)
Total net assets (liabilities): 1,089,656 1,181,024
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:7378,143378,143
Profit and loss account: 711,413 802,781
Shareholders funds: 1,089,656 1,181,024

The notes form part of these financial statements

SHARAZ HOMES LTD

Balance sheet statements

For the year ending 31 May 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 22 February 2018
and signed on behalf of the board by:

Name: Sabir Hussain
Status: Director

The notes form part of these financial statements

SHARAZ HOMES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SHARAZ HOMES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2017

2. Employees

2017 2016
Average number of employees during the period 4 5

SHARAZ HOMES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2017

3. Tangible Assets

Total
Cost £
At 01 June 2016 1,228,090
Additions 375
At 31 May 2017 1,228,465
Depreciation
At 01 June 2016 8,089
Charge for year 78
At 31 May 2017 8,167
Net book value
At 31 May 2017 1,220,298
At 31 May 2016 1,220,001

SHARAZ HOMES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2017

4. Debtors

2017 2016
££
Debtors due after more than one year: 59,378 13,412

SHARAZ HOMES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2017

5. Creditors: amounts falling due within one year note

254,180

SHARAZ HOMES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2017

6. Creditors: amounts falling due after more than one year note

£944,616

SHARAZ HOMES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2017

7. Revaluation reserve

2017
£
Balance at 01 June 2016 378,143
Surplus or deficit after revaluation 0
Balance at 31 May 2017 378,143

SHARAZ HOMES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2017

8. Loans to directors

Name of director receiving advance or credit: Sabir Hussain
Description of the loan: Loan from director
£
Balance at 01 June 2016 179,849
Advances or credits made: 90,946
Balance at 31 May 2017 270,795