REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
3 AUGUST 2022 TO 31 DECEMBER 2023 |
FOR |
CHERMILL LTD |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant & machinery | - |
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 |
4. | TANGIBLE FIXED ASSETS |
Plant & |
machinery |
£ |
COST |
Additions |
At 31 December 2023 |
DEPRECIATION |
Charge for period |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
5. | FIXED ASSET INVESTMENTS |
Loan |
notes |
£ |
New in year |
At 31 December 2023 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Accrued interest |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other creditors |
Directors' loan accounts | 1,221,745 |
Accrued interest |
Accrued expenses |
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: | £ |
Ordinary | 0.01 | - |
13 Ordinary shares of 0.01 each were allotted and fully paid for |