Butcher and Charles Cumberland Road E13 Limited 09877240 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of land development. Digita Accounts Production Advanced 6.30.9574.0 true true 09877240 2023-01-01 2023-12-31 09877240 2023-12-31 09877240 core:RetainedEarningsAccumulatedLosses 2023-12-31 09877240 core:ShareCapital 2023-12-31 09877240 core:CurrentFinancialInstruments 2023-12-31 09877240 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 09877240 bus:SmallEntities 2023-01-01 2023-12-31 09877240 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09877240 bus:FullAccounts 2023-01-01 2023-12-31 09877240 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09877240 bus:RegisteredOffice 2023-01-01 2023-12-31 09877240 bus:Director1 2023-01-01 2023-12-31 09877240 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09877240 countries:England 2023-01-01 2023-12-31 09877240 2022-01-01 2022-12-31 09877240 2022-12-31 09877240 core:RetainedEarningsAccumulatedLosses 2022-12-31 09877240 core:ShareCapital 2022-12-31 09877240 core:CurrentFinancialInstruments 2022-12-31 09877240 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 09877240

Butcher and Charles Cumberland Road E13 Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Butcher and Charles Cumberland Road E13 Limited
(Registration number: 09877240)

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Butcher and Charles Cumberland Road E13 Limited
(Registration number: 09877240)

Company Information

Director

Mr K H Tucker

Registered office

28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

Accountants

Thompson Jenner LLP
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

 

Butcher and Charles Cumberland Road E13 Limited
(Registration number: 09877240)

Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Stocks

4

700,000

823,496

Debtors

5

151

30,121

Cash at bank and in hand

 

13,769

11,367

 

713,920

864,984

Creditors: Amounts falling due within one year

6

(835,868)

(875,253)

Net liabilities

 

(121,948)

(10,269)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(122,048)

(10,369)

Total equity

 

(121,948)

(10,269)

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 21 February 2024
 

.........................................
Mr K H Tucker
Director

 

Butcher and Charles Cumberland Road E13 Limited
(Registration number: 09877240)

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company has net liabilities but included within creditors are amounts owed to the director. The director will continue to support the company for the foreseeable future and as such, the financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Butcher and Charles Cumberland Road E13 Limited
(Registration number: 09877240)

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Butcher and Charles Cumberland Road E13 Limited
(Registration number: 09877240)

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Stocks

2023
£

2022
£

Work in progress

700,000

823,496

5

Debtors

2023
£

2022
£

Other debtors

-

30,000

Prepayments and accrued income

151

121

Total current trade and other debtors

151

30,121

6

Creditors

2023
£

2022
£

Due within one year

Other creditors

819,055

858,744

Accrued expenses

14,813

14,509

Deferred income

2,000

2,000

835,868

875,253