Shedfield House Limited - Accounts to registrar (filleted) - small 18.1

Shedfield House Limited - Accounts to registrar (filleted) - small 18.1


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REGISTERED NUMBER: 04731959 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

FOR

SHEDFIELD HOUSE LIMITED

SHEDFIELD HOUSE LIMITED (REGISTERED NUMBER: 04731959)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SHEDFIELD HOUSE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2018







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 2018

30.4.18 30.4.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 48,611 48,611

CURRENT ASSETS
Cash at bank 356 434

CREDITORS
Amounts falling due within one year 4 50,594 50,216
NET CURRENT LIABILITIES (50,238 ) (49,782 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,627

)

(1,171

)

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings (1,633 ) (1,177 )
SHAREHOLDERS' FUNDS (1,627 ) (1,171 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 15 August 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 2018


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 2017
and 30 April 2018 48,611
NET BOOK VALUE
At 30 April 2018 48,611
At 30 April 2017 48,611

SHEDFIELD HOUSE LIMITED (REGISTERED NUMBER: 04731959)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2018


4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.18 30.4.17
£    £   
Other creditors 50,594 50,216

Creditors due in less than one year consist of loans from directors and shareholders (£23,339) and from a family member
(£26,877). These loans will not be repaid until such a time as funds become available.