IRIS Accounts Production v24.1.0.578 11744307 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh117443072022-12-31117443072023-12-31117443072023-01-012023-12-31117443072021-12-31117443072022-01-012022-12-31117443072022-12-3111744307ns15:EnglandWales2023-01-012023-12-3111744307ns14:PoundSterling2023-01-012023-12-3111744307ns10:Director12023-01-012023-12-3111744307ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3111744307ns10:SmallEntities2023-01-012023-12-3111744307ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3111744307ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3111744307ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3111744307ns10:FullAccounts2023-01-012023-12-311174430712023-01-012023-12-3111744307ns10:Director22023-01-012023-12-3111744307ns10:RegisteredOffice2023-01-012023-12-3111744307ns5:CurrentFinancialInstruments2023-12-3111744307ns5:CurrentFinancialInstruments2022-12-3111744307ns5:Non-currentFinancialInstruments2023-12-3111744307ns5:Non-currentFinancialInstruments2022-12-3111744307ns5:ShareCapital2023-12-3111744307ns5:ShareCapital2022-12-3111744307ns5:RetainedEarningsAccumulatedLosses2023-12-3111744307ns5:RetainedEarningsAccumulatedLosses2022-12-3111744307ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3111744307ns5:LeaseholdImprovements2023-01-012023-12-3111744307ns5:FurnitureFittings2023-01-012023-12-3111744307ns5:MotorVehicles2023-01-012023-12-3111744307ns5:ComputerEquipment2023-01-012023-12-3111744307ns5:ComputerSoftware2022-12-3111744307ns5:ComputerSoftware2023-01-012023-12-3111744307ns5:ComputerSoftware2023-12-3111744307ns5:ComputerSoftware2022-12-3111744307ns5:LongLeaseholdAssetsns5:LandBuildings2022-12-3111744307ns5:LeaseholdImprovements2022-12-3111744307ns5:FurnitureFittings2022-12-3111744307ns5:LongLeaseholdAssetsns5:LandBuildings2023-01-012023-12-3111744307ns5:LongLeaseholdAssetsns5:LandBuildings2023-12-3111744307ns5:LeaseholdImprovements2023-12-3111744307ns5:FurnitureFittings2023-12-3111744307ns5:LongLeaseholdAssetsns5:LandBuildings2022-12-3111744307ns5:LeaseholdImprovements2022-12-3111744307ns5:FurnitureFittings2022-12-3111744307ns5:MotorVehicles2022-12-3111744307ns5:ComputerEquipment2022-12-3111744307ns5:MotorVehicles2023-12-3111744307ns5:ComputerEquipment2023-12-3111744307ns5:MotorVehicles2022-12-3111744307ns5:ComputerEquipment2022-12-3111744307ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3111744307ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3111744307ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3111744307ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3111744307ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3111744307ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3111744307ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-12-3111744307ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-12-3111744307ns5:Non-currentFinancialInstruments2023-01-012023-12-31
REGISTERED NUMBER: 11744307 (England and Wales)












Cabilla Cornwall Ltd

Unaudited Financial Statements

for the Year Ended 31st December 2023






Cabilla Cornwall Ltd (Registered number: 11744307)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Cabilla Cornwall Ltd

Company Information
for the Year Ended 31st December 2023







DIRECTORS: T M Hanbury-Tenison
Mrs E Hanbury Tenison





REGISTERED OFFICE: Cabilla Manor
Cardinham
Bodmin
Cornwall
PL30 4DW





REGISTERED NUMBER: 11744307 (England and Wales)





ACCOUNTANTS: Hodgsons
Chartered Accountants
48 Arwenack Street
Falmouth
Cornwall
TR11 3JH

Cabilla Cornwall Ltd (Registered number: 11744307)

Statement of Financial Position
31st December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 7,634 10,179
Tangible assets 5 562,640 620,757
570,274 630,936

CURRENT ASSETS
Stocks 1,200 1,000
Debtors 6 6,851 12,774
Cash at bank 5,115 40,600
13,166 54,374
CREDITORS
Amounts falling due within one year 7 (199,824 ) (135,409 )
NET CURRENT LIABILITIES (186,658 ) (81,035 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

383,616

549,901

CREDITORS
Amounts falling due after more than one
year

8

(918,157

)

(963,162

)
NET LIABILITIES (534,541 ) (413,261 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (534,543 ) (413,263 )
(534,541 ) (413,261 )

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

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

Cabilla Cornwall Ltd (Registered number: 11744307)

Statement of Financial Position - continued
31st December 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 12th March 2024 and were signed on its behalf by:





T M Hanbury-Tenison - Director


Cabilla Cornwall Ltd (Registered number: 11744307)

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

1. STATUTORY INFORMATION

Cabilla Cornwall Ltd 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 (£). Monetary amounts in these financial statements have been rounded to the nearest Pound.

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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 31st December 2023 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with FRS 105, the date of transition to FRS 102 Section 1A is 1st January 2022.

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

Turnover represents invoiced sales of goods and services, excluding value added tax. Turnover is recognised when the service is provided.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised using the reducing balance method at 25%.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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 statement of financial position date.


Cabilla Cornwall Ltd (Registered number: 11744307)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

Going concern
At the year end the company had net current liabilities, and net liabilities and is reliant on the continued support of the director and other lenders, more detail of which is shown in note 9.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1st January 2023
and 31st December 2023 17,761
AMORTISATION
At 1st January 2023 7,582
Amortisation for year 2,545
At 31st December 2023 10,127
NET BOOK VALUE
At 31st December 2023 7,634
At 31st December 2022 10,179

Cabilla Cornwall Ltd (Registered number: 11744307)

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

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and
Buildings property equipment
£    £    £   
COST
At 1st January 2023 391,860 39,380 259,200
Additions - 11,012 3,267
Disposals - - (9,156 )
At 31st December 2023 391,860 50,392 253,311
DEPRECIATION
At 1st January 2023 19,848 6,049 66,259
Charge for year 12,384 4,461 46,072
Eliminated on disposal - - (4,761 )
At 31st December 2023 32,232 10,510 107,570
NET BOOK VALUE
At 31st December 2023 359,628 39,882 145,741
At 31st December 2022 372,012 33,331 192,941

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st January 2023 35,580 4,033 730,053
Additions - 629 14,908
Disposals - - (9,156 )
At 31st December 2023 35,580 4,662 735,805
DEPRECIATION
At 1st January 2023 15,000 2,140 109,296
Charge for year 5,145 568 68,630
Eliminated on disposal - - (4,761 )
At 31st December 2023 20,145 2,708 173,165
NET BOOK VALUE
At 31st December 2023 15,435 1,954 562,640
At 31st December 2022 20,580 1,893 620,757

Cabilla Cornwall Ltd (Registered number: 11744307)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st January 2023
and 31st December 2023 35,580
DEPRECIATION
At 1st January 2023 15,000
Charge for year 5,145
At 31st December 2023 20,145
NET BOOK VALUE
At 31st December 2023 15,435
At 31st December 2022 20,580

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,832 6,824
Tax 19 18
VAT - 5,932
6,851 12,774

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Loans 24,000 24,000
Hire purchase contracts 18,247 4,505
Trade creditors 5,382 -
Social security and other taxes 5,724 3,107
VAT 9,867 -
Other creditors 878 -
Directors' current accounts 96,290 65,164
Accruals and deferred income 36,678 35,875
Deferred government grants 2,758 2,758
199,824 135,409

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Loans 910,000 934,000
Hire purchase contracts 204 18,451
Deferred government grants 7,953 10,711
918,157 963,162

Cabilla Cornwall Ltd (Registered number: 11744307)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

Included within loans due in more than one year is an amount of £850,000 of peer-to-peer lending which is repayable in full in December 2025.