Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30false2023-05-01falseNo description of principal activity2220truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04329685 2023-05-01 2024-04-30 04329685 2022-05-01 2023-04-30 04329685 2024-04-30 04329685 2023-04-30 04329685 c:Director1 2023-05-01 2024-04-30 04329685 d:Buildings 2023-05-01 2024-04-30 04329685 d:Buildings 2024-04-30 04329685 d:Buildings 2023-04-30 04329685 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 04329685 d:MotorVehicles 2023-05-01 2024-04-30 04329685 d:MotorVehicles 2024-04-30 04329685 d:MotorVehicles 2023-04-30 04329685 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 04329685 d:FurnitureFittings 2023-05-01 2024-04-30 04329685 d:FurnitureFittings 2024-04-30 04329685 d:FurnitureFittings 2023-04-30 04329685 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 04329685 d:ComputerEquipment 2023-05-01 2024-04-30 04329685 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 04329685 d:Goodwill 2023-05-01 2024-04-30 04329685 d:Goodwill 2024-04-30 04329685 d:Goodwill 2023-04-30 04329685 d:CurrentFinancialInstruments 2024-04-30 04329685 d:CurrentFinancialInstruments 2023-04-30 04329685 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 04329685 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 04329685 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 04329685 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 04329685 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 04329685 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 04329685 d:ShareCapital 2024-04-30 04329685 d:ShareCapital 2023-04-30 04329685 d:SharePremium 2024-04-30 04329685 d:SharePremium 2023-04-30 04329685 d:CapitalRedemptionReserve 2024-04-30 04329685 d:CapitalRedemptionReserve 2023-04-30 04329685 d:RetainedEarningsAccumulatedLosses 2024-04-30 04329685 d:RetainedEarningsAccumulatedLosses 2023-04-30 04329685 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 04329685 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 04329685 c:FRS102 2023-05-01 2024-04-30 04329685 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 04329685 c:FullAccounts 2023-05-01 2024-04-30 04329685 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04329685 2 2023-05-01 2024-04-30 04329685 d:Goodwill d:OwnedIntangibleAssets 2023-05-01 2024-04-30 04329685 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Registered number: 04329685









CHALK HILL INNS LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
CHALK HILL INNS LIMITED
REGISTERED NUMBER: 04329685

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
100,000
112,500

Tangible assets
 5 
306,140
266,922

  
406,140
379,422

Current assets
  

Stocks
  
14,435
15,228

Debtors: amounts falling due within one year
 6 
2,757
4,503

Cash at bank and in hand
  
91,196
84,599

  
108,388
104,330

Creditors: amounts falling due within one year
 7 
(132,479)
(134,394)

Net current liabilities
  
 
 
(24,091)
 
 
(30,064)

Total assets less current liabilities
  
382,049
349,358

Creditors: amounts falling due after more than one year
  
(16,344)
(32,277)

Provisions for liabilities
  

Deferred tax
 9 
(14,039)
(14,657)

  
 
 
(14,039)
 
 
(14,657)

Net assets
  
351,666
302,424


Capital and reserves
  

Called up share capital 
  
7,500
7,500

Share premium account
  
7,500
7,500

Capital redemption reserve
  
2,500
2,500

Profit and loss account
  
334,166
284,924

  
351,666
302,424


Page 1

 
CHALK HILL INNS LIMITED
REGISTERED NUMBER: 04329685

BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

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 profit and loss account 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 19 August 2024.




D Blake
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
CHALK HILL INNS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Chalk Hill Inns Limited is a private company limited by shares, incorporated in England and Wales, with a company registration number of 04329685. The address of the registered office is Anglia House, 6 Central Avenue, St Andrews Business Park, Thorpe St Andrew, Norwich, Norfolk, NR7 0HR

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and discounts.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
CHALK HILL INNS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Profit and Loss Account over its useful remaining economic life to 30 April 2032.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

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.

Page 4

 
CHALK HILL INNS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Freehold property
-
2% per annum on a straight line basis
Motor vehicles
-
25% per annum on the reducing balance basis
Fixtures, fittings and equipment
-
15% per annum on the reducing balance basis
IT equipment
-
3 years straight line basis

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.

 
2.10

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.

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.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.12

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.

 
2.13

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.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
CHALK HILL INNS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.15

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.

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.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 22 (2023 - 20).

Page 6

 
CHALK HILL INNS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 May 2023
500,000



At 30 April 2024

500,000



Amortisation


At 1 May 2023
387,500


Charge for the year on owned assets
12,500



At 30 April 2024

400,000



Net book value



At 30 April 2024
100,000



At 30 April 2023
112,500



Page 7

 
CHALK HILL INNS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Tangible fixed assets





Freehold property
Motor vehicles
Fixtures, fittings and IT equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2023
262,000
29,828
186,034
477,862


Additions
46,464
-
7,197
53,661


Disposals
-
-
(666)
(666)



At 30 April 2024

308,464
29,828
192,565
530,857



Depreciation


At 1 May 2023
57,540
28,472
124,928
210,940


Charge for the year on owned assets
3,669
339
10,435
14,443


Disposals
-
-
(666)
(666)



At 30 April 2024

61,209
28,811
134,697
224,717



Net book value



At 30 April 2024
247,255
1,017
57,868
306,140



At 30 April 2023
204,460
1,356
61,106
266,922


6.


Debtors

2024
2023
£
£


Trade debtors
-
180

Prepayments
2,757
4,323

2,757
4,503


Page 8

 
CHALK HILL INNS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
16,250
16,150

Trade creditors
15,608
21,976

Corporation tax
40,740
26,275

Other taxation and social security
45,145
45,659

Other creditors
4,052
12,581

Accruals
10,684
11,753

132,479
134,394



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
16,250
16,150


Amounts falling due 2-5 years

Bank loans
16,344
32,277


32,594
48,427



9.


Deferred taxation




2024


£






At beginning of year
14,657


Charged to profit or loss
(618)



At end of year
14,039

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
14,039
14,657

Page 9

 
CHALK HILL INNS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £9,889 (2023 - £9,124). Contributions of £2,450 (2023 - £4,181) were payable to the fund at the balance sheet date.


Page 10