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REGISTERED NUMBER: 09203508 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

CHERRY PICKED PROPERTIES LIMITED

CHERRY PICKED PROPERTIES LIMITED (REGISTERED NUMBER: 09203508)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHERRY PICKED PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 31st March 2023







DIRECTORS: Mr D J Sawyer
Mrs L F Sawyer





REGISTERED OFFICE: 216 Outwood Road
Heald Green
Cheadle
Cheshire
SK8 3JL





REGISTERED NUMBER: 09203508 (England and Wales)





ACCOUNTANTS: KJG
100 Barbirolli Square
Manchester
M2 3BD

CHERRY PICKED PROPERTIES LIMITED (REGISTERED NUMBER: 09203508)

BALANCE SHEET
31st March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 47,978 9,350
Tangible assets 5 54 808
48,032 10,158

CURRENT ASSETS
Debtors 6 113,384 419,530
Cash at bank and in hand 678,465 687,168
791,849 1,106,698
CREDITORS
Amounts falling due within one year 7 (130,175 ) (585,330 )
NET CURRENT ASSETS 661,674 521,368
TOTAL ASSETS LESS CURRENT LIABILITIES 709,706 531,526

CREDITORS
Amounts falling due after more than one year 8 (35,626 ) (40,828 )

PROVISIONS FOR LIABILITIES (14 ) (154 )
NET ASSETS 674,066 490,544

CHERRY PICKED PROPERTIES LIMITED (REGISTERED NUMBER: 09203508)

BALANCE SHEET - continued
31st March 2023

2023 2022
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 673,966 490,444
SHAREHOLDERS' FUNDS 674,066 490,544

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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

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 8th February 2024 and were signed on its behalf by:




Mr D J Sawyer - Director



Mrs L F Sawyer - Director


CHERRY PICKED PROPERTIES LIMITED (REGISTERED NUMBER: 09203508)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2023


1. STATUTORY INFORMATION

Cherry Picked Properties Limited is a private company limited by share capital, incorporated in England and Wales, registration number 09203508. The address of the registered office is 216 Outwood Road, Heald Green, Cheadle, Cheshire, SK8 3JL. The principal place of business is 216 Outwood Road, Heald Green, Cheadle, Cheshire, SK8 3JL.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts recognised by the company in respect of services supplied, exclusive of Value Added Tax and trade discounts. Turnover principally consists of management of real estate on a fee or contract basis.

Intangible assets
Client List, being the amount paid in connection with the acquisition of a business, is being amortised at 6.5% straight line per annum.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on tangible fixed assets is charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Office equipment 20% Straight Line
Computer equipment: 33% Straight Line

At each balance sheet date, the Company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Taxation
Taxation for the year 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.


CHERRY PICKED PROPERTIES LIMITED (REGISTERED NUMBER: 09203508)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2023


2. ACCOUNTING POLICIES - continued
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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

CHERRY PICKED PROPERTIES LIMITED (REGISTERED NUMBER: 09203508)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2023


4. INTANGIBLE FIXED ASSETS
Client
list
£   
COST
At 1st April 2022 10,000
Additions 42,009
At 31st March 2023 52,009
AMORTISATION
At 1st April 2022 650
Amortisation for year 3,381
At 31st March 2023 4,031
NET BOOK VALUE
At 31st March 2023 47,978
At 31st March 2022 9,350

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st April 2022
and 31st March 2023 835 4,562 5,397
DEPRECIATION
At 1st April 2022 618 3,971 4,589
Charge for year 167 587 754
At 31st March 2023 785 4,558 5,343
NET BOOK VALUE
At 31st March 2023 50 4 54
At 31st March 2022 217 591 808

CHERRY PICKED PROPERTIES LIMITED (REGISTERED NUMBER: 09203508)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 15,703 29,981
Other debtors 97,681 389,549
113,384 419,530

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,202 5,074
Trade creditors - 1
Tax 45,885 65,264
Social security and other taxes 6,098 7,630
VAT 24,898 18,422
Other creditors 736 395,540
Directors' current accounts 27,431 82,044
Accrued expenses 19,925 11,355
130,175 585,330

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 5,334 5,202
Bank loans - 2-5 years 30,292 35,626
35,626 40,828

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
NIL - -
50 Ordinary "A" £1.00 50 50
50 Ordinary "B" £1.00 50 50
100 100

CHERRY PICKED PROPERTIES LIMITED (REGISTERED NUMBER: 09203508)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2023


10. RELATED PARTY DISCLOSURES

During the year, the directors have provided interest free finance to the company, which is repayable on demand. At the reporting date the company owed the directors £27,431 (2022: £82,044).

Included in other debtors is an amount of £75,000 (2022: £75,988) due from a company under common control. The amount is interest free and due on demand.

The company incurred management fees totalling £10,000 (2022: £Nil) from a company under common control. The amount is included in accruals at the reporting date.