Silverfin false false 30/09/2023 13/09/2022 30/09/2023 Mrs K D Cherry 13/09/2022 Mr P J Cherry 13/09/2022 02 September 2024 The principal activity of the company during the year was that of furnished holiday accommodation. 14352690 2023-09-30 14352690 bus:Director1 2023-09-30 14352690 bus:Director2 2023-09-30 14352690 core:CurrentFinancialInstruments 2023-09-30 14352690 core:ShareCapital 2023-09-30 14352690 core:RetainedEarningsAccumulatedLosses 2023-09-30 14352690 bus:OrdinaryShareClass1 2023-09-30 14352690 2022-09-13 2023-09-30 14352690 bus:FilletedAccounts 2022-09-13 2023-09-30 14352690 bus:SmallEntities 2022-09-13 2023-09-30 14352690 bus:AuditExemptWithAccountantsReport 2022-09-13 2023-09-30 14352690 bus:PrivateLimitedCompanyLtd 2022-09-13 2023-09-30 14352690 bus:Director1 2022-09-13 2023-09-30 14352690 bus:Director2 2022-09-13 2023-09-30 14352690 bus:OrdinaryShareClass1 2022-09-13 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14352690 (England and Wales)

K&P CHERRY LIMITED

Unaudited Financial Statements
For the financial period from 13 September 2022 to 30 September 2023
Pages for filing with the registrar

K&P CHERRY LIMITED

Unaudited Financial Statements

For the financial period from 13 September 2022 to 30 September 2023

Contents

K&P CHERRY LIMITED

COMPANY INFORMATION

For the financial period from 13 September 2022 to 30 September 2023
K&P CHERRY LIMITED

COMPANY INFORMATION (continued)

For the financial period from 13 September 2022 to 30 September 2023
DIRECTORS Mrs K D Cherry
Mr P J Cherry
REGISTERED OFFICE Centenary House Peninsula Park
Rydon Lane
Exeter
EX2 7XE
United Kingdom
BUSINESS ADDRESS Damson Cottage
Withiel
Bodmin
Cornwall
PL30 5NR
COMPANY NUMBER 14352690 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Centenary House
Peninsula Park
Rydon Lane
Exeter
Devon EX2 7XE
K&P CHERRY LIMITED

BALANCE SHEET

As at 30 September 2023
K&P CHERRY LIMITED

BALANCE SHEET (continued)

As at 30 September 2023
30.09.2023
£
Current assets
Debtors 3 23,224
Cash at bank and in hand 31,866
55,090
Creditors: amounts falling due within one year 4 ( 12,400)
Net current assets 42,690
Total assets less current liabilities 42,690
Net assets 42,690
Capital and reserves
Called-up share capital 5 100
Profit and loss account 42,590
Total shareholders' funds 42,690

For the financial period ending 30 September 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of K&P Cherry Limited (registered number: 14352690) were approved and authorised for issue by the Board of Directors on 02 September 2024. They were signed on its behalf by:

Mrs K D Cherry
Director
K&P CHERRY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 13 September 2022 to 30 September 2023
K&P CHERRY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 13 September 2022 to 30 September 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

K&P Cherry Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House, Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. There are no material departures from FRS 102.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Leases

The Company as lessee
Rentals under operating leases are charged to the profit or loss on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

Period from
13.09.2022 to
30.09.2023
Number
Monthly average number of persons employed by the Company during the period, including directors 0

3. Debtors

30.09.2023
£
Other debtors 23,224

4. Creditors: amounts falling due within one year

30.09.2023
£
Accruals 2,400
Corporation tax 10,000
12,400

5. Called-up share capital

30.09.2023
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100

During the year, 100 Ordinary shares were issued upon incorporation. The Ordinary shares carry full voting, dividends and capital rights.

6. Financial commitments

Other financial commitments

The total amount of financial commitments not included in the balance sheet is £40,800.

7. Related party transactions

Transactions with the entity's directors

30.09.2023
£
Amounts advanced to directors 41,185
Amounts repaid by the directors (34,487)
Interest charged 58
Closing balance 6,756

The above loan is unsecured and repayable on demand. Interest has been charged on this balance in line with actual official rate of interest.