IRIS Accounts Production v24.1.0.578 03779503 Board of Directors Board of Directors Board of Directors 1.6.23 31.5.24 31.5.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh037795032023-05-31037795032024-05-31037795032023-06-012024-05-31037795032022-05-31037795032022-06-012023-05-31037795032023-05-3103779503ns15:EnglandWales2023-06-012024-05-3103779503ns14:PoundSterling2023-06-012024-05-3103779503ns10:Director12023-06-012024-05-3103779503ns10:Director22023-06-012024-05-3103779503ns10:Director32023-06-012024-05-3103779503ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3103779503ns10:SmallEntities2023-06-012024-05-3103779503ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3103779503ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3103779503ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3103779503ns10:FullAccounts2023-06-012024-05-310377950312023-06-012024-05-3103779503ns10:OrdinaryShareClass12023-06-012024-05-3103779503ns10:RegisteredOffice2023-06-012024-05-3103779503ns5:CurrentFinancialInstruments2024-05-3103779503ns5:CurrentFinancialInstruments2023-05-3103779503ns5:ShareCapital2024-05-3103779503ns5:ShareCapital2023-05-3103779503ns5:CapitalRedemptionReserve2024-05-3103779503ns5:CapitalRedemptionReserve2023-05-3103779503ns5:RetainedEarningsAccumulatedLosses2024-05-3103779503ns5:RetainedEarningsAccumulatedLosses2023-05-3103779503ns5:NetGoodwill2023-06-012024-05-3103779503ns5:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3103779503ns5:FurnitureFittings2023-06-012024-05-3103779503ns5:NetGoodwill2023-05-3103779503ns5:NetGoodwill2024-05-3103779503ns5:NetGoodwill2023-05-3103779503ns5:FurnitureFittings2023-05-3103779503ns5:FurnitureFittings2024-05-3103779503ns5:FurnitureFittings2023-05-3103779503ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3103779503ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3103779503ns5:DeferredTaxation2023-05-3103779503ns5:DeferredTaxation2023-06-012024-05-3103779503ns5:DeferredTaxation2024-05-3103779503ns10:OrdinaryShareClass12024-05-31
REGISTERED NUMBER: 03779503 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

THREE CHERRIES LIMITED

THREE CHERRIES LIMITED (REGISTERED NUMBER: 03779503)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THREE CHERRIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr I S Vicker
Mr I R Birkett
Mr P G Holdom





REGISTERED OFFICE: The Stables
Clevedon Hall Estate
Victoria Road
Clevedon
BS21 7SJ





REGISTERED NUMBER: 03779503 (England and Wales)





ACCOUNTANTS: Lawes & Co
Boyce's Building
40-42 Regent Street
Clifton
Bristol
BS8 4HU

THREE CHERRIES LIMITED (REGISTERED NUMBER: 03779503)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 17,450 15,419
17,450 15,419

CURRENT ASSETS
Stocks 6 34,477 15,342
Debtors 7 268,690 238,765
Cash at bank 674,101 643,761
977,268 897,868
CREDITORS
Amounts falling due within one year 8 452,193 416,857
NET CURRENT ASSETS 525,075 481,011
TOTAL ASSETS LESS CURRENT
LIABILITIES

542,525

496,430

PROVISIONS FOR LIABILITIES 9 4,292 3,015
NET ASSETS 538,233 493,415

CAPITAL AND RESERVES
Called up share capital 10 225 225
Capital redemption reserve 75 75
Retained earnings 537,933 493,115
SHAREHOLDERS' FUNDS 538,233 493,415

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

THREE CHERRIES LIMITED (REGISTERED NUMBER: 03779503)

BALANCE SHEET - continued
31 MAY 2024


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 28 August 2024 and were signed on its behalf by:




Mr I S Vicker - Director Mr I R Birkett - Director




Mr P G Holdom - Director


THREE CHERRIES LIMITED (REGISTERED NUMBER: 03779503)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Three Cherries Limited 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.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Amortisation
Amortisation is calculated to write off the cost of the purchased goodwill over its estimated useful life of 10 years on a straight line basis.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

THREE CHERRIES LIMITED (REGISTERED NUMBER: 03779503)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 50,000
AMORTISATION
At 1 June 2023
and 31 May 2024 50,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 June 2023 53,320
Additions 9,915
At 31 May 2024 63,235
DEPRECIATION
At 1 June 2023 37,901
Charge for year 7,884
At 31 May 2024 45,785
NET BOOK VALUE
At 31 May 2024 17,450
At 31 May 2023 15,419

6. STOCKS
31.5.24 31.5.23
£    £   
Stocks 34,477 15,342

THREE CHERRIES LIMITED (REGISTERED NUMBER: 03779503)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 158,734 148,488
Directors' current accounts 30,000 30,000
Prepayments and accrued income 79,956 60,277
268,690 238,765

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 102,085 88,389
Tax 69,334 53,427
Social security and other taxes 26,455 15,412
VAT 34,237 40,492
Other creditors 2,038 2,093
Accruals and deferred income 218,044 217,044
452,193 416,857

9. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 4,292 3,015

Deferred
tax
£   
Balance at 1 June 2023 3,015
Provided during year 1,277
Accelerated capital allowances
Balance at 31 May 2024 4,292

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
225 Ordinary £1 225 225

THREE CHERRIES LIMITED (REGISTERED NUMBER: 03779503)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

11. RELATED PARTY DISCLOSURES

At the year end the directors owed the company the following amounts under short term interest free loans, which were repaid on the 1st June 2024:

£10,000 Mr I Birkett (2023 £10,000)
£10,000 Mr I Vicker (2023 £10,000)
£10,000 Mr P Holdom (2023 £10,000)

12. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party