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REGISTERED NUMBER: 05918589















Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Christopher Ellis and Son Limited

Christopher Ellis and Son Limited (Registered number: 05918589)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Christopher Ellis and Son Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: A P F Stephens
Mrs E M Stephens
C G Stephens
C L Stephens





SECRETARY: A P F Stephens





REGISTERED OFFICE: Prospect Villa
Greenbank Road
Devoran
TRURO
Cornwall
TR3 6PH





REGISTERED NUMBER: 05918589





ACCOUNTANTS: Colin Truscott Accountancy Limited
9 Heron Close
Tresillian
Cornwall
TR2 4BH

Christopher Ellis and Son Limited (Registered number: 05918589)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 150,000 150,000

CURRENT ASSETS
Cash at bank 1,065 580

CREDITORS
Amounts falling due within one year 6 365 355
NET CURRENT ASSETS 700 225
TOTAL ASSETS LESS CURRENT
LIABILITIES

150,700

150,225

CREDITORS
Amounts falling due after more than
one year

7

(113,038

)

(111,938

)

PROVISIONS FOR LIABILITIES (10,465 ) (10,465 )
NET ASSETS 27,197 27,822

CAPITAL AND RESERVES
Called up share capital 4 4
Fair value reserve 8 55,229 55,229
Retained earnings (28,036 ) (27,411 )
27,197 27,822

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

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

Christopher Ellis and Son Limited (Registered number: 05918589)

Balance Sheet - continued
31 August 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by:





A P F Stephens - Director


Christopher Ellis and Son Limited (Registered number: 05918589)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Christopher Ellis and Son Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

Financing
The company is financed by loans from its directors. The directors have indicated their intention to continue to provide financial support to the company and they do not intend to demand repayment of their loans for at least twelve months.

Christopher Ellis and Son Limited (Registered number: 05918589)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

3. ACCOUNTING POLICIES - continued

Government grants
A capital grant was received in respect of the restoration of the company's investment property. The amount of the grant has been deducted from the capital cost of the property in the financial statements, which is a departure from the requirements of Companies Act 2006. The directors consider this treatment gives a true and fair view of the assets and liabilities of the company as it is the directors' intention that the company will retain the property for the foreseeable future. On this basis, the conditions under which the grant becomes repayable are considered unlikely to arise.

4. EMPLOYEES AND DIRECTORS

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 150,000
NET BOOK VALUE
At 31 August 2023 150,000
At 31 August 2022 150,000

The historical cost of the investment property relating to the renovation and refurbishment of the original offices of the Christopher Ellis Brewery was £278,307 against which grants of £194,000 were received from the Hayle Townscape Scheme. This results in a net historical cost of £84,307 in accordance with the company's accounting policy on Government Grants.

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2010 115,693
Valuation in 2022 (50,000 )
Cost 84,307
150,000

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 84,307 84,307

The investment property was valued on an open market basis on 31 August 2022 by the directors .

Christopher Ellis and Son Limited (Registered number: 05918589)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Accrued expenses 365 355

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Directors' loan accounts 113,038 111,938

8. RESERVES
Fair
value
reserve
£   
At 1 September 2022
and 31 August 2023 55,229