Caseware UK (AP4) 2021.0.152 2021.0.152 2022-04-302022-04-30242021-05-01falseNo description of principal activity20truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04329685 2021-05-01 2022-04-30 04329685 2020-05-01 2021-04-30 04329685 2022-04-30 04329685 2021-04-30 04329685 2020-05-01 04329685 c:Director1 2021-05-01 2022-04-30 04329685 d:Buildings 2021-05-01 2022-04-30 04329685 d:Buildings 2022-04-30 04329685 d:Buildings 2021-04-30 04329685 d:Buildings d:OwnedOrFreeholdAssets 2021-05-01 2022-04-30 04329685 d:MotorVehicles 2021-05-01 2022-04-30 04329685 d:MotorVehicles 2022-04-30 04329685 d:MotorVehicles 2021-04-30 04329685 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-05-01 2022-04-30 04329685 d:FurnitureFittings 2021-05-01 2022-04-30 04329685 d:FurnitureFittings 2022-04-30 04329685 d:FurnitureFittings 2021-04-30 04329685 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-05-01 2022-04-30 04329685 d:ComputerEquipment 2021-05-01 2022-04-30 04329685 d:OwnedOrFreeholdAssets 2021-05-01 2022-04-30 04329685 d:Goodwill 2021-05-01 2022-04-30 04329685 d:Goodwill 2022-04-30 04329685 d:Goodwill 2021-04-30 04329685 d:CurrentFinancialInstruments 2022-04-30 04329685 d:CurrentFinancialInstruments 2021-04-30 04329685 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 04329685 d:CurrentFinancialInstruments d:WithinOneYear 2021-04-30 04329685 d:Non-currentFinancialInstruments d:AfterOneYear 2022-04-30 04329685 d:Non-currentFinancialInstruments d:AfterOneYear 2021-04-30 04329685 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-04-30 04329685 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-04-30 04329685 d:ShareCapital 2022-04-30 04329685 d:ShareCapital 2021-04-30 04329685 d:ShareCapital 2020-05-01 04329685 d:SharePremium 2022-04-30 04329685 d:SharePremium 2021-04-30 04329685 d:SharePremium 2020-05-01 04329685 d:CapitalRedemptionReserve 2022-04-30 04329685 d:CapitalRedemptionReserve 2021-04-30 04329685 d:CapitalRedemptionReserve 2020-05-01 04329685 d:RetainedEarningsAccumulatedLosses 2021-05-01 2022-04-30 04329685 d:RetainedEarningsAccumulatedLosses 2022-04-30 04329685 d:RetainedEarningsAccumulatedLosses 2020-05-01 2021-04-30 04329685 d:RetainedEarningsAccumulatedLosses 2021-04-30 04329685 d:RetainedEarningsAccumulatedLosses 2020-05-01 04329685 d:AcceleratedTaxDepreciationDeferredTax 2022-04-30 04329685 d:AcceleratedTaxDepreciationDeferredTax 2021-04-30 04329685 c:FRS102 2021-05-01 2022-04-30 04329685 c:AuditExempt-NoAccountantsReport 2021-05-01 2022-04-30 04329685 c:FullAccounts 2021-05-01 2022-04-30 04329685 c:PrivateLimitedCompanyLtd 2021-05-01 2022-04-30 04329685 2 2021-05-01 2022-04-30 04329685 d:Goodwill d:OwnedIntangibleAssets 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure
Registered number: 04329685









CHALK HILL INNS LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2022

 
CHALK HILL INNS LIMITED
REGISTERED NUMBER: 04329685

BALANCE SHEET
AS AT 30 APRIL 2022

2022
2021
Note
£
£

Fixed assets
  

Intangible assets
 4 
125,000
137,500

Tangible assets
 5 
274,660
272,246

  
399,660
409,746

Current assets
  

Stocks
  
11,310
11,668

Debtors: amounts falling due within one year
 6 
6,365
10,373

Cash at bank and in hand
  
92,181
114,580

  
109,856
136,621

Creditors: amounts falling due within one year
 7 
(130,885)
(178,756)

Net current liabilities
  
 
 
(21,029)
 
 
(42,135)

Total assets less current liabilities
  
378,631
367,611

Creditors: amounts falling due after more than one year
  
(48,635)
(59,604)

Provisions for liabilities
  

Deferred tax
 9 
(16,865)
(11,838)

  
 
 
(16,865)
 
 
(11,838)

Net assets
  
313,131
296,169


Capital and reserves
  

Called up share capital 
  
7,500
7,500

Share premium account
  
7,500
7,500

Capital redemption reserve
  
2,500
2,500

Profit and loss account
  
295,631
278,669

  
313,131
296,169


Page 1

 
CHALK HILL INNS LIMITED
REGISTERED NUMBER: 04329685

BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 September 2022.




D Blake
Director

The notes on pages 4 to 10 form part of these financial statements.

Page 2

 
CHALK HILL INNS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2022


Called up share capital
Share premium account
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£
£


At 1 May 2020
7,500
7,500
2,500
316,513
334,013


Comprehensive income for the year

Profit for the year
-
-
-
38,156
38,156

Dividends: Equity capital
-
-
-
(76,000)
(76,000)



At 1 May 2021
7,500
7,500
2,500
278,669
296,169


Comprehensive income for the year

Profit for the year
-
-
-
106,962
106,962

Dividends: Equity capital
-
-
-
(90,000)
(90,000)


At 30 April 2022
7,500
7,500
2,500
295,631
313,131


Page 3

 
CHALK HILL INNS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

1.


General information

Chalk Hill Inns Limited is a private company limited by shares, incorporated in England and Wales, with a company registration number of 04329685. The address of the registered office is Anglia House, 6 Central Avenue, St Andrews Business Park, Thorpe St Andrew, Norwich, Norfolk, NR7 0HR

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and discounts.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and Loss Account in the same period as the related expenditure.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
CHALK HILL INNS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Profit and Loss Account over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
CHALK HILL INNS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Freehold property
-
per annum on a straight line basis
Motor vehicles
-
per annum on the reducing balance basis
Fixtures, fittings and equipment
-
per annum on the reducing balance basis
IT equipment
-
straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

Page 6

 
CHALK HILL INNS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

2.Accounting policies (continued)

 
2.16

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.17

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 24 (2021 - 20).


4.


Intangible assets




Goodwill

£



Cost


At 1 May 2021
500,000



At 30 April 2022

500,000



Amortisation


At 1 May 2021
362,500


Charge for the year on owned assets
12,500



At 30 April 2022

375,000



Net book value



At 30 April 2022
125,000



At 30 April 2021
137,500



Page 7

 
CHALK HILL INNS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

5.


Tangible fixed assets





Freehold property
Motor vehicles
Fixtures, fittings and IT equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2021
262,000
29,828
165,149
456,977


Additions
-
-
16,280
16,280



At 30 April 2022

262,000
29,828
181,429
473,257



Depreciation


At 1 May 2021
52,060
27,419
105,252
184,731


Charge for the year on owned assets
2,740
601
10,525
13,866



At 30 April 2022

54,800
28,020
115,777
198,597



Net book value



At 30 April 2022
207,200
1,808
65,652
274,660



At 30 April 2021
209,940
2,409
59,897
272,246




The net book value of land and buildings may be further analysed as follows:


2022
2021
£
£

Freehold
207,200
209,940



6.


Debtors

2022
2021
£
£


Other debtors
-
10,373

Prepayments
6,365
-

6,365
10,373


Page 8

 
CHALK HILL INNS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loans
15,600
15,396

Trade creditors
22,616
21,492

Corporation tax
27,503
28,264

Other taxation and social security
40,444
59,710

Other creditors
7,642
45,355

Accruals
17,080
8,539

130,885
178,756



8.


Loans


Analysis of the maturity of loans is given below:


2022
2021
£
£

Amounts falling due within one year

Bank loans
15,600
15,396


Amounts falling due 2-5 years

Bank loans
48,635
59,604


64,235
75,000



9.


Deferred taxation




2022


£






At beginning of year
11,838


Charged to profit or loss
5,027



At end of year
16,865

The provision for deferred taxation is made up as follows:

2022
2021
£
£


Accelerated capital allowances
16,865
11,838

Page 9

 
CHALK HILL INNS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

10.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £7,938 (2021 - £5,465). Contributions of £738 (2021 - £705) were payable to the fund at the balance sheet date.


Page 10