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REGISTERED NUMBER: 07649714 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 May 2023

for

Churchfields (Cheshire) Limited

Churchfields (Cheshire) Limited (Registered number: 07649714)






Contents of the Financial Statements
for the Year Ended 30 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Churchfields (Cheshire) Limited

Company Information
for the Year Ended 30 May 2023







DIRECTOR: Ms L Shields





REGISTERED OFFICE: Reedham House
31 King Street West
Manchester
M3 2PJ





BUSINESS ADDRESS: The Exchange
2 Malt Street
Knutsford
Cheshire
WA16 6ES





REGISTERED NUMBER: 07649714 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

Churchfields (Cheshire) Limited (Registered number: 07649714)

Balance Sheet
30 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 11,986 14,101
11,986 14,101

CURRENT ASSETS
Debtors 6 4,270,052 3,396,307
Cash at bank 10,722 134,892
4,280,774 3,531,199
CREDITORS
Amounts falling due within one year 7 2,378,582 2,145,800
NET CURRENT ASSETS 1,902,192 1,385,399
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,914,178

1,399,500

CREDITORS
Amounts falling due after more than one
year

8

(20,000

)

(30,000

)

PROVISIONS FOR LIABILITIES (2,679 ) (2,679 )
NET ASSETS 1,891,499 1,366,821

CAPITAL AND RESERVES
Called up share capital 250 250
Share premium 49,850 49,850
Retained earnings 1,841,399 1,316,721
SHAREHOLDERS' FUNDS 1,891,499 1,366,821

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Churchfields (Cheshire) Limited (Registered number: 07649714)

Balance Sheet - continued
30 May 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 Statement of Comprehensive Income has not been delivered.

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





Ms L Shields - Director


Churchfields (Cheshire) Limited (Registered number: 07649714)

Notes to the Financial Statements
for the Year Ended 30 May 2023

1. STATUTORY INFORMATION

Churchfields (Cheshire) 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.

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 parent 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 2011, is being amortised evenly over its estimated useful life of five 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 - The period of the lease
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Tangible fixed assets are recorded at cost less accumulated depreciation and accumulated impairment losses.

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.

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.

Churchfields (Cheshire) Limited (Registered number: 07649714)

Notes to the Financial Statements - continued
for the Year Ended 30 May 2023

2. ACCOUNTING POLICIES - continued

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.

Hire purchase and leasing commitments
Rental under operating leases are charged to the profit and loss account as they are incurred.

Going concern
The company's financial statements for the year ended 30 May 2023 have been prepared on a going concern basis as, after making appropriate enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 May 2022
and 30 May 2023 50,000
AMORTISATION
At 31 May 2022
and 30 May 2023 50,000
NET BOOK VALUE
At 30 May 2023 -
At 30 May 2022 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 31 May 2022
and 30 May 2023 11,635 10,163 24,933 46,731
DEPRECIATION
At 31 May 2022 11,635 3,892 17,103 32,630
Charge for year - 940 1,175 2,115
At 30 May 2023 11,635 4,832 18,278 34,745
NET BOOK VALUE
At 30 May 2023 - 5,331 6,655 11,986
At 30 May 2022 - 6,271 7,830 14,101

Churchfields (Cheshire) Limited (Registered number: 07649714)

Notes to the Financial Statements - continued
for the Year Ended 30 May 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 2,996,800 2,124,584
Other debtors 1,273,252 1,271,723
4,270,052 3,396,307

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 166,869 196,902
Taxation and social security 257,858 254,130
Other creditors 1,943,855 1,684,768
2,378,582 2,145,800

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 20,000 30,000

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 4,677 4,677
Between one and five years 780 5,457
5,457 10,134

10. CONTINGENT LIABILITIES

The company has guaranteed the bank facilities of a company in which one of the directors of that company is a former director of this company and the other director is the spouse of the director of this company. The balance amounted to £638,692 as at 30 May 2023.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 May 2023 and 30 May 2022:

2023 2022
£    £   
Ms L Shields
Balance outstanding at start of year - -
Amounts advanced 386,002 283,002
Amounts repaid (386,002 ) (283,002 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Churchfields (Cheshire) Limited (Registered number: 07649714)

Notes to the Financial Statements - continued
for the Year Ended 30 May 2023

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

During the year, interest amounting to £3,242 (2022 - £3,002) has been charged to the director's current account in respect of the overdrawn balance.

12. RELATED PARTY DISCLOSURES

Entities over which the entity has control, joint control or significant influence:

2023 2022
£ £
Amounts due from related party 1,265,345 1,260,334
Amounts due to related party 164,874 129,615

There are no repayment terms and no interest is chargeable by the company in respect of these balances.

13. ULTIMATE PARENT COMPANY

The company's ultimate parent undertaking is Churchfield (Cheshire) Group Limited, a company incorporated and registered in England and Wales.

The company is a wholly owned subsidiary of Churchfields (Cheshire) Holdings Limited, a company incorporated in England and Wales.

Registered Office Reedham House
31 King Street West
Manchester
United Kingdom
M3 2PJ