Company Registration No. 12537110 (England and Wales)
SHERWOOD VALE HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2021
PAGES FOR FILING WITH REGISTRAR
SHERWOOD VALE HOLDINGS LIMITED
COMPANY INFORMATION
Director
Mr J P J Harte
(Appointed 27 March 2020)
Company number
12537110
Registered office
24 Bass Close
Linby
Nottingham
Nottinghamshire
NG15 8JW
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Tide
86-90 Paul Street
Shoreditch
London
EC2A 4NE
SHERWOOD VALE HOLDINGS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
SHERWOOD VALE HOLDINGS LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SHERWOOD VALE HOLDINGS LIMITED FOR THE PERIOD ENDED 31 MARCH 2021
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sherwood Vale Holdings Limited for the period ended 31 March 2021 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance
.
This report is made solely to the Board of Directors of Sherwood Vale Holdings Limited, as a body, in accordance with
our
terms
of
engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sherwood Vale Holdings Limited
and state those matters that we have agreed to state to the Board of Directors of Sherwood Vale Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sherwood Vale Holdings Limited and its Board of Directors as a body, for
our work or for this report.
It is your duty to ensure that Sherwood Vale Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets,
liabilities, financial position and profit of Sherwood Vale Holdings Limited. You consider that Sherwood Vale Holdings Limited is exempt from the statutory audit
requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Sherwood Vale Holdings Limited. For this reason, we have not verified the accuracy or completeness of the
accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ormerod Rutter Limited
25 June 2021
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
SHERWOOD VALE HOLDINGS LIMITED
BALANCE SHEET
AS AT 31 MARCH 2021
31 March 2021
- 2 -
2021
Notes
£
£
Fixed assets
Investments
3
150
Current assets
Debtors
4
41,561
Cash at bank and in hand
102
41,663
Creditors: amounts falling due within one year
5
(27,262)
Net current assets
14,401
Total assets less current liabilities
14,551
Capital and reserves
Called up share capital
6
100
Profit and loss reserves
14,451
Total equity
14,551
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial period ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 25 June 2021.
Mr J P J Harte
Director
Company Registration No. 12537110
SHERWOOD VALE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2021
- 3 -
1
Accounting policies
Company information
Sherwood Vale Holdings Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
24 Bass Close, Linby, Nottingham, Nottinghamshire, NG15 8JW.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
The investments are assessed for impairment at each reporting date
and
any
impairment
losses or reversals of impairment losses are recognised immediately in profit or loss.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was 1
.
3
Fixed asset investments
2021
£
Investments
150
SHERWOOD VALE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2021
3
Fixed asset investments
(Continued)
- 4 -
Movements in fixed asset investments
Shares in group undertakings and participating interests
£
Cost or valuation
At 27 March 2020
-
Additions
150
At 31 March 2021
150
Carrying amount
At 31 March 2021
150
4
Debtors
2021
Amounts falling due within one year:
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
41,561
5
Creditors: amounts falling due within one year
2021
£
Trade creditors
68
Other creditors
26,714
Accruals and deferred income
480
27,262
6
Called up share capital
2021
£
Ordinary share capital
Issued and fully paid
100 Ordinary A of £1 each
100
100
100 Ordinary A shares of £1 were allotted and fully paid for cash at par during the period.
SHERWOOD VALE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2021
- 5 -
7
Ultimate controlling party
The ultimate controlling party is Mr J P J Harte.
8
Comparatives
This is the company's first period of trade, therefore there are no comparatives.