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REGISTERED NUMBER: 14272362 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

3 AUGUST 2022 TO 31 DECEMBER 2023

FOR

CHERMILL LTD

CHERMILL LTD (REGISTERED NUMBER: 14272362)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 3 AUGUST 2022 TO 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


CHERMILL LTD

COMPANY INFORMATION
FOR THE PERIOD 3 AUGUST 2022 TO 31 DECEMBER 2023







DIRECTOR: Mrs L C McGonagle





REGISTERED OFFICE: Unit 82a James Carter Road
Mildenhall Industrial Estate
Mildenhall
Bury St Edmunds
IP28 7DE





REGISTERED NUMBER: 14272362 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

CHERMILL LTD (REGISTERED NUMBER: 14272362)

BALANCE SHEET
31 DECEMBER 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 689
Investments 5 349,904
Investment property 6 992,602
1,343,195

CURRENT ASSETS
Debtors 7 12,493
Cash at bank 195,777
208,270
CREDITORS
Amounts falling due within one year 8 1,550,830
NET CURRENT LIABILITIES (1,342,560 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

635

RESERVES
Retained earnings 635
SHAREHOLDERS' FUNDS 635

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2024 and were signed by:




Mrs L C McGonagle - Director


CHERMILL LTD (REGISTERED NUMBER: 14272362)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 3 AUGUST 2022 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

Chermill 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.

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.

Rents received and interest income
Income is measured based on the fair value of the consideration received or receivable for the letting of properties and interest earned on loan note investments. Income is shown net of value-added tax, returns, rebates, and discounts. Income is recognised when the amount can be reliably measured and it is probable that future economic benefits will flow to the entity.

Rental from the letting of residential properties is recognised on a straight-line basis over the lease term. Rental income from operating leases is recognised on an accrual basis, as the rent becomes receivable under the terms of the lease.

Interest income from loan notes is recognised on an an accruals basis, as the interest becomes receivable under the terms of the agreement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 15% on reducing balance

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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

CHERMILL LTD (REGISTERED NUMBER: 14272362)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 3 AUGUST 2022 TO 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. TANGIBLE FIXED ASSETS
Plant &
machinery
£   
COST
Additions 704
At 31 December 2023 704
DEPRECIATION
Charge for period 15
At 31 December 2023 15
NET BOOK VALUE
At 31 December 2023 689

5. FIXED ASSET INVESTMENTS
Loan
notes
£   
New in year 349,904
At 31 December 2023 349,904

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 992,602
At 31 December 2023 992,602
NET BOOK VALUE
At 31 December 2023 992,602

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Accrued interest 12,493

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 310,525
Directors' loan accounts 1,221,745
Accrued interest 16,758
Accrued expenses 1,802
1,550,830

CHERMILL LTD (REGISTERED NUMBER: 14272362)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 3 AUGUST 2022 TO 31 DECEMBER 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
13 Ordinary 0.01 -

13 Ordinary shares of 0.01 each were allotted and fully paid for cash at par during the period.