Silverfin false 31/03/2023 01/04/2022 31/03/2023 Mr G G Cornish 08/12/2012 01 October 2023 The principal activity of the Company during the financial year was the manufacture and supply of pasties and other food. 07984950 2023-03-31 07984950 bus:Director1 2023-03-31 07984950 2022-03-31 07984950 core:CurrentFinancialInstruments 2023-03-31 07984950 core:CurrentFinancialInstruments 2022-03-31 07984950 core:ShareCapital 2023-03-31 07984950 core:ShareCapital 2022-03-31 07984950 core:RetainedEarningsAccumulatedLosses 2023-03-31 07984950 core:RetainedEarningsAccumulatedLosses 2022-03-31 07984950 core:PlantMachinery 2022-03-31 07984950 core:ComputerEquipment 2022-03-31 07984950 core:PlantMachinery 2023-03-31 07984950 core:ComputerEquipment 2023-03-31 07984950 bus:OrdinaryShareClass1 2023-03-31 07984950 2022-04-01 2023-03-31 07984950 bus:FullAccounts 2022-04-01 2023-03-31 07984950 bus:SmallEntities 2022-04-01 2023-03-31 07984950 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07984950 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07984950 bus:Director1 2022-04-01 2023-03-31 07984950 core:PlantMachinery 2022-04-01 2023-03-31 07984950 core:ComputerEquipment 2022-04-01 2023-03-31 07984950 2021-04-01 2022-03-31 07984950 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 07984950 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07984950 (England and Wales)

THE CORNISH CORNISH PASTY COMPANY LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

THE CORNISH CORNISH PASTY COMPANY LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

THE CORNISH CORNISH PASTY COMPANY LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2023
THE CORNISH CORNISH PASTY COMPANY LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
DIRECTOR Mr G G Cornish
REGISTERED OFFICE Lowin House
Tregolls Road
Truro
TR1 2NA
United Kingdom
BUSINESS ADDRESS The Old Vicarage
Laneast
Launceston
Cornwall
PL15 8PN
United Kingdom
COMPANY NUMBER 07984950 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
THE CORNISH CORNISH PASTY COMPANY LIMITED

BALANCE SHEET

As at 31 March 2023
THE CORNISH CORNISH PASTY COMPANY LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 352 543
352 543
Current assets
Debtors 4 11,426 10,963
Cash at bank and in hand 121,242 86,481
132,668 97,444
Creditors: amounts falling due within one year 5 ( 11,333) ( 11,983)
Net current assets 121,335 85,461
Total assets less current liabilities 121,687 86,004
Net assets 121,687 86,004
Capital and reserves
Called-up share capital 6 1 1
Profit and loss account 121,686 86,003
Total shareholder's funds 121,687 86,004

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of The Cornish Cornish Pasty Company Limited (registered number: 07984950) were approved and authorised for issue by the Director on 01 October 2023. They were signed on its behalf by:

Mr G G Cornish
Director
THE CORNISH CORNISH PASTY COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
THE CORNISH CORNISH PASTY COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Cornish Cornish Pasty Company Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom. The principal place of business is The Old Vicarage, Laneast, Launceston, Cornwall, PL15 8PN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery 33 % reducing balance
Computer equipment 33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Recognition and measurement

The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery Computer equipment Total
£ £ £
Cost
At 01 April 2022 358 1,549 1,907
At 31 March 2023 358 1,549 1,907
Accumulated depreciation
At 01 April 2022 197 1,167 1,364
Charge for the financial year 53 138 191
At 31 March 2023 250 1,305 1,555
Net book value
At 31 March 2023 108 244 352
At 31 March 2022 161 382 543

4. Debtors

2023 2022
£ £
Trade debtors 11,020 10,410
Other debtors 406 553
11,426 10,963

5. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security 8,195 6,953
Other creditors 3,138 5,030
11,333 11,983

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1