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REGISTERED NUMBER: 09098648 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

CHAPMANS OF RYE LIMITED

CHAPMANS OF RYE LIMITED (REGISTERED NUMBER: 09098648)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHAPMANS OF RYE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: K R Chapman
D Theze





REGISTERED OFFICE: Units 5 & 6
Hornet Business Estate
Quarry Hill Road, Borough Green
Sevenoaks
Kent
TN15 8QW





BUSINESS ADDRESS: Rye Fish Market
Simmons Quay
Rock Chanel
Rye
East Sussex
TN31 7HJ





REGISTERED NUMBER: 09098648 (England and Wales)





ACCOUNTANTS: Cassidys Chartered Accountants
South Stour Offices
Roman Road
Mersham
Ashford
Kent
TN25 7HS

CHAPMANS OF RYE LIMITED (REGISTERED NUMBER: 09098648)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 99,555 50,868

CURRENT ASSETS
Stocks 7,950 4,750
Debtors 5 92,759 135,027
Cash at bank and in hand 44,592 23,946
145,301 163,723
CREDITORS
Amounts falling due within one year 6 124,421 248,975
NET CURRENT ASSETS/(LIABILITIES) 20,880 (85,252 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

120,435

(34,384

)

CREDITORS
Amounts falling due after more than one year 7 (16,667 ) (26,667 )

PROVISIONS FOR LIABILITIES 8 (14,323 ) (7,556 )
NET ASSETS/(LIABILITIES) 89,445 (68,607 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 89,345 (68,707 )
SHAREHOLDERS' FUNDS 89,445 (68,607 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

CHAPMANS OF RYE LIMITED (REGISTERED NUMBER: 09098648)

BALANCE SHEET - continued
31 OCTOBER 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2024 and were signed on its behalf by:




K R Chapman - Director



D Theze - Director


CHAPMANS OF RYE LIMITED (REGISTERED NUMBER: 09098648)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Chapmans Of Rye Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

CHAPMANS OF RYE LIMITED (REGISTERED NUMBER: 09098648)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 1,544 117,357 118,901
Additions 18,000 55,906 73,906
At 31 October 2023 19,544 173,263 192,807
DEPRECIATION
At 1 November 2022 772 67,261 68,033
Charge for year 3,703 21,516 25,219
At 31 October 2023 4,475 88,777 93,252
NET BOOK VALUE
At 31 October 2023 15,069 84,486 99,555
At 31 October 2022 772 50,096 50,868

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 67,629 111,382
Other debtors 25,130 23,645
92,759 135,027

CHAPMANS OF RYE LIMITED (REGISTERED NUMBER: 09098648)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 12,052 -
Trade creditors 25,072 68,058
Amounts owed to group undertakings 4,821 100,986
Taxation and social security 43,069 7,376
Other creditors 29,407 62,555
124,421 248,975

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 16,667 26,667

8. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax 14,323 7,556

Deferred
tax
£   
Balance at 1 November 2022 7,556
Provided during year 6,767
Balance at 31 October 2023 14,323

9. RELATED PARTY DISCLOSURES

Mr K Chapman - Director

At the balance sheet date Chapmans of Rye Ltd owed Mr Chapman £11,820 (2022 - £52,000).

10. ULTIMATE CONTROLLING PARTY

The controlling party is Chapmans of Sevenoaks Limited.

The ultimate controlling party is D Theze.