Shedfield House Limited - Accounts to registrar (filleted) - small 17.3

Shedfield House Limited - Accounts to registrar (filleted) - small 17.3


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REGISTERED NUMBER: 04731959 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

FOR

SHEDFIELD HOUSE LIMITED

SHEDFIELD HOUSE LIMITED (REGISTERED NUMBER: 04731959)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SHEDFIELD HOUSE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2017







DIRECTORS: M Phillimore
P Phillimore





SECRETARY: M Phillimore





REGISTERED OFFICE: Clock Offices
High Street
Bishops Waltham
Southampton
Hampshire
SO32 1AA





REGISTERED NUMBER: 04731959 (England and Wales)





ACCOUNTANTS: S C Miller Ltd
Chartered Accountants and Registered Auditors
Clock Offices
High Street
Bishops Waltham
Southampton
Hampshire
SO32 1AA

SHEDFIELD HOUSE LIMITED (REGISTERED NUMBER: 04731959)

BALANCE SHEET
30 APRIL 2017

30.4.17 30.4.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 48,611 48,611

CURRENT ASSETS
Debtors 4 - 80
Cash at bank 434 437
434 517
CREDITORS
Amounts falling due within one year 5 50,216 49,770
NET CURRENT LIABILITIES (49,782 ) (49,253 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,171

)

(642

)

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings (1,177 ) (648 )
SHAREHOLDERS' FUNDS (1,171 ) (642 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 2 January 2018 and were signed on its behalf by:





M Phillimore - Director


SHEDFIELD HOUSE LIMITED (REGISTERED NUMBER: 04731959)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2017


1. STATUTORY INFORMATION

Shedfield House 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company has been wholly financed by loans from the directors and shareholders. These loans are not
expected to be repaid until such a time as funds become available. The directors therefore consider that whilst
the company has not generated any rental income to date, it is still viable as a going concern.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property

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. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 May 2016
and 30 April 2017 48,611
NET BOOK VALUE
At 30 April 2017 48,611
At 30 April 2016 48,611

SHEDFIELD HOUSE LIMITED (REGISTERED NUMBER: 04731959)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2017


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.17 30.4.16
£    £   
Other debtors - 80

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.17 30.4.16
£    £   
Other creditors 50,216 49,770

Creditors due in less than one year consist of loans from directors and shareholders (£22,962) and from a family
member (£26,877). These loans will not be repaid until such a time as funds become available.