Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31132022-04-01falseNo description of principal activity12truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07165997 2022-04-01 2023-03-31 07165997 2021-04-01 2022-03-31 07165997 2023-03-31 07165997 2022-03-31 07165997 c:Director1 2022-04-01 2023-03-31 07165997 d:Buildings d:ShortLeaseholdAssets 2022-04-01 2023-03-31 07165997 d:Buildings d:ShortLeaseholdAssets 2023-03-31 07165997 d:Buildings d:ShortLeaseholdAssets 2022-03-31 07165997 d:PlantMachinery 2022-04-01 2023-03-31 07165997 d:PlantMachinery 2023-03-31 07165997 d:PlantMachinery 2022-03-31 07165997 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07165997 d:MotorVehicles 2022-04-01 2023-03-31 07165997 d:MotorVehicles 2023-03-31 07165997 d:MotorVehicles 2022-03-31 07165997 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07165997 d:FurnitureFittings 2022-04-01 2023-03-31 07165997 d:FurnitureFittings 2023-03-31 07165997 d:FurnitureFittings 2022-03-31 07165997 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07165997 d:OfficeEquipment 2022-04-01 2023-03-31 07165997 d:OfficeEquipment 2023-03-31 07165997 d:OfficeEquipment 2022-03-31 07165997 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07165997 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07165997 d:Goodwill 2023-03-31 07165997 d:Goodwill 2022-03-31 07165997 d:FreeholdInvestmentProperty 2022-04-01 2023-03-31 07165997 d:FreeholdInvestmentProperty 2023-03-31 07165997 d:FreeholdInvestmentProperty 2022-03-31 07165997 d:CurrentFinancialInstruments 2023-03-31 07165997 d:CurrentFinancialInstruments 2022-03-31 07165997 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07165997 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 07165997 d:ShareCapital 2023-03-31 07165997 d:ShareCapital 2022-03-31 07165997 d:RetainedEarningsAccumulatedLosses 2023-03-31 07165997 d:RetainedEarningsAccumulatedLosses 2022-03-31 07165997 c:OrdinaryShareClass1 2022-04-01 2023-03-31 07165997 c:OrdinaryShareClass1 2023-03-31 07165997 c:OrdinaryShareClass1 2022-03-31 07165997 c:OrdinaryShareClass2 2022-04-01 2023-03-31 07165997 c:OrdinaryShareClass2 2023-03-31 07165997 c:OrdinaryShareClass2 2022-03-31 07165997 c:OrdinaryShareClass3 2022-04-01 2023-03-31 07165997 c:OrdinaryShareClass3 2023-03-31 07165997 c:OrdinaryShareClass3 2022-03-31 07165997 c:FRS102 2022-04-01 2023-03-31 07165997 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 07165997 c:FullAccounts 2022-04-01 2023-03-31 07165997 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07165997 2 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07165997









COOKING MARVELLOUS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
COOKING MARVELLOUS LIMITED
REGISTERED NUMBER: 07165997

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
15,738
36,170

Investment property
 6 
1,214,250
530,000

  
1,229,988
566,170

Current assets
  

Stocks
  
41,441
41,311

Debtors: amounts falling due within one year
 7 
127,617
186,138

Cash at bank and in hand
 8 
140,839
575,587

  
309,897
803,036

Creditors: amounts falling due within one year
 9 
(389,267)
(165,488)

Net current (liabilities)/assets
  
 
 
(79,370)
 
 
637,548

Total assets less current liabilities
  
1,150,618
1,203,718

  

Net assets
  
1,150,618
1,203,718


Capital and reserves
  

Called up share capital 
 10 
110
110

Profit and loss account
  
1,150,508
1,203,608

  
1,150,618
1,203,718


Page 1

 
COOKING MARVELLOUS LIMITED
REGISTERED NUMBER: 07165997
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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 by: 




J M Woulfe
Director

Date: 1 November 2023

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
COOKING MARVELLOUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Cooking Marvellous Limited, 07165997, is a private limited company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at 11 Chertsey Business Park, Hanworth Lane, Chertsey, Surrey, KT16 9GJ.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
COOKING MARVELLOUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

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

 
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

 
COOKING MARVELLOUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

Taxation

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.

 
2.9

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
20%
Straight line
Plant and machinery
-
20%
Straight line
Motor vehicles
-
25%
Straight line
Fixtures and fittings
-
20%
Straight line
Office equipment
-
20%
Straight line

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

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 5

 
COOKING MARVELLOUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.12

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 on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

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.

 
2.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.14

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.15

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.

Page 6

 
COOKING MARVELLOUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

 
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 13 (2022 - 12).

Page 7

 
COOKING MARVELLOUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2022
82,000



At 31 March 2023

82,000



Amortisation


At 1 April 2022
82,000



At 31 March 2023

82,000



Net book value



At 31 March 2023
-



At 31 March 2022
-



Page 8

 
COOKING MARVELLOUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 April 2022
54,980
220
32,751
15,013
37,366
140,330


Additions
-
-
-
-
3,978
3,978


Disposals
-
-
(32,751)
-
-
(32,751)



At 31 March 2023

54,980
220
-
15,013
41,344
111,557



Depreciation


At 1 April 2022
43,761
26
14,331
14,306
31,735
104,159


Charge for the year on owned assets
2,927
44
-
510
2,510
5,991


Disposals
-
-
(14,331)
-
-
(14,331)



At 31 March 2023

46,688
70
-
14,816
34,245
95,819



Net book value



At 31 March 2023
8,292
150
-
197
7,099
15,738



At 31 March 2022
11,219
194
18,419
707
5,631
36,170


6.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
530,000


Additions at cost
684,250



At 31 March 2023
1,214,250

The 2023 valuations were made by director's, on an open market value for existing use basis.






Page 9

 
COOKING MARVELLOUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Debtors

2023
2022
£
£


Other debtors
115,553
176,678

Prepayments and accrued income
12,064
9,460

127,617
186,138



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
140,839
575,587

Less: bank overdrafts
(51,245)
(37,212)

89,594
538,375



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
51,245
37,212

Trade creditors
111,066
85,504

Other taxation and social security
76,580
24,290

Other creditors
148,601
16,862

Accruals and deferred income
1,775
1,620

389,267
165,488



10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



50 (2022 - 50) Ordinary A shares of £1.00 each
50
50
50 (2022 - 50) Ordinary B shares of £1.00 each
50
50
10 (2022 - 10) Ordinary C shares of £1.00 each
10
10

110

110


Page 10

 
COOKING MARVELLOUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

11.


Pension commitments

The Company operates a defined contributions scheme. The assets of the scheme are held seperately from those of a company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £3,208 (2022: £2,989).

 
Page 11