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REGISTERED NUMBER: 06751941 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TUTTS CLUMP CIDER LTD

TUTTS CLUMP CIDER LTD (REGISTERED NUMBER: 06751941)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TUTTS CLUMP CIDER LTD

COMPANY INFORMATION
for the year ended 31 DECEMBER 2023







DIRECTORS: T G Wale
L C Wale





SECRETARY: C Wale





REGISTERED OFFICE: Travellers Rest Farm
Hungerford Lane
Bradfield
Reading
Berks
RG7 6JH





REGISTERED NUMBER: 06751941 (England and Wales)





ACCOUNTANTS: C B Heslop And Company Limited
Chartered Accountants
1 High Street
Thatcham
Berks
RG19 3JG

TUTTS CLUMP CIDER LTD (REGISTERED NUMBER: 06751941)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,249 3,349
Tangible assets 5 24,332 34,564
26,581 37,913

CURRENT ASSETS
Stocks 200,000 200,000
Debtors 6 6,840 7,388
Cash at bank and in hand 44,131 41,682
250,971 249,070
CREDITORS
Amounts falling due within one year 7 150,319 110,699
NET CURRENT ASSETS 100,652 138,371
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,233

176,284

CREDITORS
Amounts falling due after more than one
year

8

(48,594

)

(79,229

)

PROVISIONS FOR LIABILITIES 10 (4,623 ) (6,567 )
NET ASSETS 74,016 90,488

CAPITAL AND RESERVES
Called up share capital 11 17,560 17,470
Share premium 12 243,564 239,944
Retained earnings 12 (187,108 ) (166,926 )
SHAREHOLDERS' FUNDS 74,016 90,488

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

TUTTS CLUMP CIDER LTD (REGISTERED NUMBER: 06751941)

BALANCE SHEET - continued
31 DECEMBER 2023


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 12 September 2024 and were signed on its behalf by:





T G Wale - Director


TUTTS CLUMP CIDER LTD (REGISTERED NUMBER: 06751941)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 DECEMBER 2023

1. STATUTORY INFORMATION

Tutts Clump Cider Ltd 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 a business in 2016, is being amortised evenly over its estimated useful life of ten years.

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.
Improvements to property - Straight line over 7 years
Plant and machinery - 20% on reducing balance
Office equipment - 25% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


TUTTS CLUMP CIDER LTD (REGISTERED NUMBER: 06751941)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 DECEMBER 2023

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 11,000
AMORTISATION
At 1 January 2023 7,651
Charge for year 1,100
At 31 December 2023 8,751
NET BOOK VALUE
At 31 December 2023 2,249
At 31 December 2022 3,349

Goodwill is in respect of the acquisition of the cider business in 2016.

TUTTS CLUMP CIDER LTD (REGISTERED NUMBER: 06751941)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Office
property machinery equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 41,553 88,844 233 130,630
DEPRECIATION
At 1 January 2023 28,469 67,364 233 96,066
Charge for year 5,936 4,296 - 10,232
At 31 December 2023 34,405 71,660 233 106,298
NET BOOK VALUE
At 31 December 2023 7,148 17,184 - 24,332
At 31 December 2022 13,084 21,480 - 34,564

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 5,518 7,388
Amounts owed by group undertakings 1,322 -
6,840 7,388

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 17,016 17,699
Amounts owed to group undertakings - 3,255
Taxation and social security 9,826 713
Other creditors 123,477 89,032
150,319 110,699

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 37,722 26,579
Other creditors 10,872 52,650
48,594 79,229

TUTTS CLUMP CIDER LTD (REGISTERED NUMBER: 06751941)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 DECEMBER 2023

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year - 994
Between one and five years 16,362 -
16,362 994

In creating its new production facility, the company has taken on commitments for hire agreements for new plant and equipment.

10. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 4,623 6,567

Deferred
tax
£   
Balance at 1 January 2023 6,567
Credit to Income Statement during year (1,944 )
Balance at 31 December 2023 4,623

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
17,470 Ordinary 1 17,560 17,470

90 Ordinary shares of 1 each were allotted as fully paid at a premium of 40.22 per share during the year.

12. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2023 (166,926 ) 239,944 73,018
Deficit for the year (20,182 ) (20,182 )
Cash share issue - 3,620 3,620
At 31 December 2023 (187,108 ) 243,564 56,456

13. RELATED PARTY DISCLOSURES

Included within debtors is an amount of £1,322 (2022: £3,255 creditor) due to Tim Wale Limited.

Tim Wale Limited is a company controlled by the directors and charges have been made purely to reflect the recharging of cost.

TUTTS CLUMP CIDER LTD (REGISTERED NUMBER: 06751941)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 DECEMBER 2023

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Tim Wale, by virtue of his controlling interest in the shares.