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REGISTERED NUMBER: 04292795 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

The Cashmere Centre Limited

The Cashmere Centre Limited (Registered number: 04292795)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


The Cashmere Centre Limited (Registered number: 04292795)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 22,500 27,500
Tangible assets 5 25,631 32,038
48,131 59,538

CURRENT ASSETS
Stocks 561,879 599,099
Debtors 6 30,202 123,140
Cash at bank and in hand 890,712 894,818
1,482,793 1,617,057
CREDITORS
Amounts falling due within one
year

7

410,620

506,265
NET CURRENT ASSETS 1,072,173 1,110,792
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,120,304

1,170,330

PROVISIONS FOR LIABILITIES 4,812 6,017
NET ASSETS 1,115,492 1,164,313

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,115,392 1,164,213
SHAREHOLDERS' FUNDS 1,115,492 1,164,313

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

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

The Cashmere Centre Limited (Registered number: 04292795)

Balance Sheet - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





D Stillman - Director


The Cashmere Centre Limited (Registered number: 04292795)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

The Cashmere Centre Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04292795

Registered office: Fernfield Farm
Little Horwood
Buckinghamshire
MK17 0PR

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2005, has been amortised at £15,000 p.a. to 31st March 2009. The directors have now decided the balance of the cost should be amortised at £5,000 p.a.

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.
Plant and machinery etc - 33% on cost and 20% 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 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.


The Cashmere Centre Limited (Registered number: 04292795)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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 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.

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 NIL (2023 - 25 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 150,000
AMORTISATION
At 1 April 2023 122,500
Charge for year 5,000
At 31 March 2024 127,500
NET BOOK VALUE
At 31 March 2024 22,500
At 31 March 2023 27,500

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 83,219
DEPRECIATION
At 1 April 2023 51,181
Charge for year 6,407
At 31 March 2024 57,588
NET BOOK VALUE
At 31 March 2024 25,631
At 31 March 2023 32,038

The Cashmere Centre Limited (Registered number: 04292795)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,500 497
Other debtors 28,702 122,643
30,202 123,140

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 237,303 273,243
Taxation and social security 155,567 221,222
Other creditors 17,750 11,800
410,620 506,265