REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 June 2022 to 31 December 2022 |
for |
Cherryton Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 June 2022 to 31 December 2022 |
for |
Cherryton Ltd |
Cherryton Ltd (Registered number: 13396538) |
Contents of the Financial Statements |
for the period 1 June 2022 to 31 December 2022 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Cherryton Ltd |
Company Information |
for the period 1 June 2022 to 31 December 2022 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
Unit 2 Foley Works |
Foley Industrial Estate |
Hereford |
Herefordshire |
HR1 2SF |
Cherryton Ltd (Registered number: 13396538) |
Abridged Balance Sheet |
31 December 2022 |
2022 | 2022 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Cherryton Ltd (Registered number: 13396538) |
Abridged Balance Sheet - continued |
31 December 2022 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Cherryton Ltd (Registered number: 13396538) |
Notes to the Financial Statements |
for the period 1 June 2022 to 31 December 2022 |
1. | STATUTORY INFORMATION |
Cherryton Ltd is a |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Freehold property | - |
Financial instruments |
Financial instruments are classified and accounted for according to the substance of the contractual arrangement. They are classified as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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. |
Group accounts |
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group financial statements. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
Cherryton Ltd (Registered number: 13396538) |
Notes to the Financial Statements - continued |
for the period 1 June 2022 to 31 December 2022 |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
Cost |
At 1 June 2022 |
Additions |
At 31 December 2022 |
Net book value |
At 31 December 2022 |
At 31 May 2022 |
6. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
Cost |
At 1 June 2022 | 70 |
Additions | 121,380 |
At 31 December 2022 | 121,450 |
Net book value |
At 31 December 2022 | 121,450 |
At 31 May 2022 | 70 |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
2022 | 2022 |
£ | £ |
Bank loans |
Cherryton Ltd has a loan facility with Lloyds Bank PLC over the next 3 years for the purposes of property development. Lloyds Bank PLC has a mortgage debenture incorporating a fixed and floating charge over the freehold property held in the company. They also hold an omnibus guarantee and set off agreement with Cherryton Ltd. |
Cherryton Ltd (Registered number: 13396538) |
Notes to the Financial Statements - continued |
for the period 1 June 2022 to 31 December 2022 |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2022 |
value: | £ | £ |
Ordinary A | £1 | 36 | 36 |
Ordinary B | £1 | 34 | 34 |
70 | 70 |