Caseware UK (AP4) 2023.0.135 2023.0.135 truefalse2022-04-01falseNo description of principal activity11The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13292139 2022-04-01 2023-03-31 13292139 2021-04-01 2022-03-31 13292139 2023-03-31 13292139 2022-03-31 13292139 c:Director1 2022-04-01 2023-03-31 13292139 d:PlantMachinery 2022-04-01 2023-03-31 13292139 d:PlantMachinery 2023-03-31 13292139 d:PlantMachinery 2022-03-31 13292139 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 13292139 d:FurnitureFittings 2022-04-01 2023-03-31 13292139 d:FurnitureFittings 2023-03-31 13292139 d:FurnitureFittings 2022-03-31 13292139 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 13292139 d:OfficeEquipment 2022-04-01 2023-03-31 13292139 d:OfficeEquipment 2023-03-31 13292139 d:OfficeEquipment 2022-03-31 13292139 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 13292139 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 13292139 d:CurrentFinancialInstruments 2023-03-31 13292139 d:CurrentFinancialInstruments 2022-03-31 13292139 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13292139 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 13292139 d:ShareCapital 2023-03-31 13292139 d:ShareCapital 2022-03-31 13292139 d:RetainedEarningsAccumulatedLosses 2023-03-31 13292139 d:RetainedEarningsAccumulatedLosses 2022-03-31 13292139 c:OrdinaryShareClass1 2022-04-01 2023-03-31 13292139 c:OrdinaryShareClass1 2023-03-31 13292139 c:OrdinaryShareClass1 2022-03-31 13292139 c:FRS102 2022-04-01 2023-03-31 13292139 c:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 13292139 c:FullAccounts 2022-04-01 2023-03-31 13292139 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 13292139 e:PoundSterling 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13292139










Chuck and Blade Ramsgate Limited (formerly Travellers in Italy Limited)








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2023





 
Chuck and Blade Ramsgate Limited (formerly Travellers in Italy Limited)
 
  
Chartered Accountants' Report to the Board of Directors on the preparation of the Unaudited Statutory Financial Statements of Chuck and Blade Ramsgate Limited (formerly Travellers in Italy Limited) for the Year Ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chuck and Blade Ramsgate Limited (formerly Travellers in Italy Limited) for the year ended 31 March 2023 which comprise  the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Chuck and Blade Ramsgate Limited (formerly Travellers in Italy Limited), as a body, in accordance with the terms of our engagement letter dated 20 May 2021Our work has been undertaken solely to prepare for your approval the financial statements of Chuck and Blade Ramsgate Limited (formerly Travellers in Italy Limited)  and state those matters that we have agreed to state to the Board of Directors of Chuck and Blade Ramsgate Limited (formerly Travellers in Italy Limited), as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chuck and Blade Ramsgate Limited (formerly Travellers in Italy Limited) and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Chuck and Blade Ramsgate Limited (formerly Travellers in Italy Limited) has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Chuck and Blade Ramsgate Limited (formerly Travellers in Italy Limited). You consider that Chuck and Blade Ramsgate Limited (formerly Travellers in Italy Limited) is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Chuck and Blade Ramsgate Limited (formerly Travellers in Italy Limited). For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
 
Chartered Accountants
  
Canterbury
28 March 2024
Page 1

 
Chuck and Blade Ramsgate Limited (formerly Travellers in Italy Limited)
Registered number: 13292139

Balance Sheet
As at 31 March 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
10,679
16,905

  
10,679
16,905

Current assets
  

Stocks
  
1,287
3,769

Debtors: amounts falling due within one year
 5 
28,534
27,040

Cash at bank and in hand
  
78,382
123,659

  
108,203
154,468

Creditors: amounts falling due within one year
 6 
(172,390)
(168,507)

Net current liabilities
  
 
 
(64,187)
 
 
(14,039)

Total assets less current liabilities
  
(53,508)
2,866

  

Net (liabilities)/assets
  
(53,508)
2,866


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
(53,608)
2,766

  
(53,508)
2,866


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 March 2024.




J Thomas
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
Chuck and Blade Ramsgate Limited (formerly Travellers in Italy Limited)
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2023

1.


General information

Chuck and Blade Ramsgate Limited, formerly Travellers in Italy Limited is a private company limited by shares which was incorporated in England and Wales with the registration number 13292139. The company's registered office is Unit 21 Castle View Business Centre, Gas House Road, Rochester, Kent, England, ME1 1PB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are presented in pounds Sterling, and rounded to the nearest pound.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

Page 3

 
Chuck and Blade Ramsgate Limited (formerly Travellers in Italy Limited)
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
33%
Fixtures and fittings
-
33%
Office equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
Chuck and Blade Ramsgate Limited (formerly Travellers in Italy Limited)
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2023

2.Accounting policies (continued)

 
2.10

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Balance Sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 5

 
Chuck and Blade Ramsgate Limited (formerly Travellers in Italy Limited)
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2023

2.Accounting policies (continued)

 
2.11

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2022
11,538
9,702
210
21,450


Additions
102
1,126
-
1,228



At 31 March 2023

11,640
10,828
210
22,678



Depreciation


At 1 April 2022
2,506
1,992
47
4,545


Charge for the year on owned assets
3,874
3,510
70
7,454



At 31 March 2023

6,380
5,502
117
11,999



Net book value



At 31 March 2023
5,260
5,326
93
10,679


5.


Debtors

2023
2022
£
£


Trade debtors
370
422

Other debtors
26,250
26,250

Prepayments and accrued income
1,914
368

28,534
27,040


Page 6

 
Chuck and Blade Ramsgate Limited (formerly Travellers in Italy Limited)
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
13,323
16,931

Amounts owed to group undertakings
147,983
136,017

Other taxation and social security
1,929
5,679

Other creditors
8,735
8,736

Accruals and deferred income
420
1,144

172,390
168,507



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



8.


Related party transactions

All related party transactions during the current and prior periods, including key management personnel compensation, were made under normal market conditions.


9.


Controlling party

The company is jointly owned by A Hatzidakis and D Luck.


Page 7