Company Registration No. 05813221 (England and Wales)
Cheswick Inns Limited
Unaudited accounts
for the year ended 30 May 2023
Cheswick Inns Limited
Unaudited accounts
Contents
Cheswick Inns Limited
Company Information
for the year ended 30 May 2023
Company Number
05813221 (England and Wales)
Registered Office
Unit 7&8 The Chandlery
Quayside
Berwick Upon Tweed
TD15 1HE
Cheswick Inns Limited
Statement of financial position
as at 30 May 2023
Intangible assets
5,400
4,814
Tangible assets
13,798
18,881
Cash at bank and in hand
20,220
1,731
Creditors: amounts falling due within one year
(189,049)
(166,703)
Net current liabilities
(149,386)
(147,605)
Total assets less current liabilities
(130,188)
(123,910)
Creditors: amounts falling due after more than one year
(25,171)
(29,068)
Net liabilities
(155,359)
(152,978)
Called up share capital
100
100
Profit and loss account
(155,459)
(153,078)
Shareholders' funds
(155,359)
(152,978)
For the year ending 30 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 February 2024 and were signed on its behalf by
Keith F Steven
Director
Company Registration No. 05813221
Cheswick Inns Limited
Notes to the Accounts
for the year ended 30 May 2023
Cheswick Inns Limited is a private company, limited by shares, registered in England and Wales, registration number 05813221. The registered office is Unit 7&8 The Chandlery, Quayside, Berwick Upon Tweed, TD15 1HE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention and on a going concern basis as the directors are confident that the company will be able to meet it's liabilities as they fall due.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Other
Total
At 31 May 2022
13,182
1,476
14,658
At 30 May 2023
13,182
3,809
16,991
At 31 May 2022
9,819
25
9,844
Charge for the year
1,120
627
1,747
At 30 May 2023
10,939
652
11,591
At 30 May 2023
2,243
3,157
5,400
At 30 May 2022
3,363
1,451
4,814
Cheswick Inns Limited
Notes to the Accounts
for the year ended 30 May 2023
5
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Accrued income and prepayments
3,906
5,063
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
43,503
15,244
Trade creditors
49,546
46,911
Amounts owed to group undertakings and other participating interests
35,321
30,040
Taxes and social security
6,293
5,714
Other creditors
20,192
17,683
Deferred income
3,758
16,358
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 20 (2022: 21).