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Registration number: 14534851

9 Mill Street Nantwich Limited

Unaudited Financial Statements

for the Period from 12 December 2022 to 31 May 2024

 

9 Mill Street Nantwich Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

9 Mill Street Nantwich Limited

(Registration number: 14534851)
Balance Sheet as at 31 May 2024

Note

2024
£

Current assets

 

Stocks

5

10,000

Debtors

6

137,405

Cash at bank and in hand

 

8,323

 

155,728

Creditors: Amounts falling due within one year

7

(234,074)

Net liabilities

 

(78,346)

Capital and reserves

 

Called up share capital

100

Retained earnings

(78,446)

Shareholders' deficit

 

(78,346)

For the financial period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 12 September 2024
 

.........................................
Mr Wayne Antony Morgan
Director

 

9 Mill Street Nantwich Limited

Notes to the Unaudited Financial Statements for the Period from 12 December 2022 to 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
9 Mill Street
Nantwich
Cheshire
CW5 5ST

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

9 Mill Street Nantwich Limited

Notes to the Unaudited Financial Statements for the Period from 12 December 2022 to 31 May 2024

Asset class

Depreciation method and rate

Plant & machinery

10% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 15.

 

9 Mill Street Nantwich Limited

Notes to the Unaudited Financial Statements for the Period from 12 December 2022 to 31 May 2024

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

Additions

48,595

48,595

Disposals

(48,595)

(48,595)

At 31 May 2024

-

-

Depreciation

Carrying amount

At 31 May 2024

-

-

5

Stocks

2024
£

Other inventories

10,000

 

9 Mill Street Nantwich Limited

Notes to the Unaudited Financial Statements for the Period from 12 December 2022 to 31 May 2024

6

Debtors

Current

Note

2024
£

Amounts owed by related parties

123,102

Prepayments

 

14,303

   

137,405

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Loans and borrowings

8

26,220

Trade creditors

 

61,003

Taxation and social security

 

140,261

Accruals and deferred income

 

5,000

Other creditors

 

1,590

 

234,074

2024
£

Current loans and borrowings

Bank borrowings

26,220

8

Loans and borrowings

2024
£

Current loans and borrowings

Bank borrowings

26,220