IRIS Accounts Production v24.2.0.383 04469470 director 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044694702022-12-31044694702023-12-31044694702023-01-012023-12-31044694702021-12-31044694702022-01-012022-12-31044694702022-12-3104469470ns15:EnglandWales2023-01-012023-12-3104469470ns14:PoundSterling2023-01-012023-12-3104469470ns10:Director12023-01-012023-12-3104469470ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104469470ns10:SmallEntities2023-01-012023-12-3104469470ns10:AuditExemptWithAccountantsReport2023-01-012023-12-3104469470ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104469470ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104469470ns10:AbridgedAccounts2023-01-012023-12-3104469470ns10:CompanySecretary12023-01-012023-12-3104469470ns10:RegisteredOffice2023-01-012023-12-3104469470ns5:CurrentFinancialInstruments2023-12-3104469470ns5:CurrentFinancialInstruments2022-12-3104469470ns5:ShareCapital2023-12-3104469470ns5:ShareCapital2022-12-3104469470ns5:RetainedEarningsAccumulatedLosses2023-12-3104469470ns5:RetainedEarningsAccumulatedLosses2022-12-3104469470ns5:NetGoodwill2023-01-012023-12-3104469470ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3104469470ns5:LandBuildings2023-01-012023-12-3104469470ns5:PlantMachinery2023-01-012023-12-3104469470ns5:OtherTransactionType12023-01-012023-12-3104469470ns5:OtherTransactionType12023-12-3104469470ns5:OtherTransactionType22023-01-012023-12-3104469470ns5:OtherTransactionType22023-12-3104469470ns5:OtherTransactionType32023-01-012023-12-3104469470ns5:OtherTransactionType32023-12-31
REGISTERED NUMBER: 04469470 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Chepstow Plantaria Limited

Chepstow Plantaria Limited (Registered number: 04469470)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Chartered Accountants' Report 2

Abridged Balance Sheet 3

Notes to the Financial Statements 4


Chepstow Plantaria Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr J G Boyle





SECRETARY: Mrs J D Conlon





REGISTERED OFFICE: High Beeches
Mopla Road
Tutshill
Chepstow
NP16 7PS





REGISTERED NUMBER: 04469470 (England and Wales)





ACCOUNTANTS: Macario Lewin
Chartered Accountants
Bellarmine House
14 Upper Church Street
Chepstow
Monmouthshire
NP16 5EX

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Chepstow Plantaria Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chepstow Plantaria Limited for the year ended 31 December 2023 which comprise the Profit and Loss Account, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Chepstow Plantaria Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chepstow Plantaria Limited and state those matters that we have agreed to state to the director of Chepstow Plantaria Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chepstow Plantaria Limited and its director for our work or for this report.

It is your duty to ensure that Chepstow Plantaria Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Chepstow Plantaria Limited. You consider that Chepstow Plantaria Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Chepstow Plantaria Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Macario Lewin
Chartered Accountants
Bellarmine House
14 Upper Church Street
Chepstow
Monmouthshire
NP16 5EX


18 September 2024

Chepstow Plantaria Limited (Registered number: 04469470)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,110 38,048

CURRENT ASSETS
Stocks 515,273 775,863
Debtors 647,330 703,468
Cash at bank and in hand 3,229,313 2,934,670
4,391,916 4,414,001
CREDITORS
Amounts falling due within one year 930,873 1,014,383
NET CURRENT ASSETS 3,461,043 3,399,618
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,517,153

3,437,666

PROVISIONS FOR LIABILITIES 4,081 6,805
NET ASSETS 3,513,072 3,430,861

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,512,972 3,430,761
SHAREHOLDERS' FUNDS 3,513,072 3,430,861

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 director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 September 2024 and were signed by:





Mr J G Boyle - Director


Chepstow Plantaria Limited (Registered number: 04469470)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Chepstow Plantaria 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.

The financial statements are presented in Sterling, which is the functional currency of the company.

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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other similar allowances.

Where gift cards or points are issued to customers which are redeemable against future purchases, a liability is recognised and is extinguished and recognised as revenue when tendered as part of the consideration on a future transaction. For cash sales, revenue is recognised at the point of sale at which time the risks and rewards of ownership have transferred.

Goodwill
Goodwill is amortised at a rate calculated to write off the asset on a straight line basis over the estimated useful economic life. Impairment of goodwill is reviewed annually for circumstances which indicate that the carrying value may not be fully recoverable. If the recoverable amount is estimated to be less than its carrying amount, the carrying amount is reduced to its recoverable amount and the impairments loss recognised as an expense immediately.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 4% on cost and over lease term
Plant and machinery etc - 25% on cost

No depreciation is provided on freehold land.

At each Balance Sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount is reduced to its recoverable amount and the impairment loss recognised as an expense immediately.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to sell (net realisable value). When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Chepstow Plantaria Limited (Registered number: 04469470)

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 127 (2022 - 137 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 765,349
Additions 49,358
Disposals (12,598 )
At 31 December 2023 802,109
DEPRECIATION
At 1 January 2023 727,301
Charge for year 26,158
Eliminated on disposal (7,460 )
At 31 December 2023 745,999
NET BOOK VALUE
At 31 December 2023 56,110
At 31 December 2022 38,048

Chepstow Plantaria Limited (Registered number: 04469470)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 January 2023 18,132
Transfer to ownership (18,132 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 18,132
Transfer to ownership (18,132 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts - 2,897

Obligations under hire purchase contracts are secured on the assets to which they relate.

6. OTHER COMMITMENTS

At 31 December 2023, the company had total commitments under non-cancellable operating lease expiring within one year of £98,750 (2022 - £83,135).

7. RELATED PARTY DISCLOSURES

Included in creditors is a loan of £26,703 (2022 - £92,553) owed to the director.

Included in debtors are loans of £492,265 (2022 - £499,279) owed by companies with a common director and
loans of £12,762 (2022 - £53,028) owed by the SIPP of the director.

These loans are unsecured, interest free and repayable on demand.