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REGISTERED NUMBER: 08626074 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024

FOR

CHERITH FINANCIAL LIMITED

CHERITH FINANCIAL LIMITED (REGISTERED NUMBER: 08626074)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHERITH FINANCIAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTOR: J Hartley





REGISTERED OFFICE: 46 Main Street
Mexborough
South Yorkshire
S64 9DU





REGISTERED NUMBER: 08626074 (England and Wales)





ACCOUNTANTS: Leesing Marrison Lee & Co
Chartered Certified Accountants
46 Main Street
Mexborough
South Yorkshire
S64 9DU

CHERITH FINANCIAL LIMITED (REGISTERED NUMBER: 08626074)

BALANCE SHEET
31ST JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,364 2,308
Investments 5 556,479 425,488
557,843 427,796

CURRENT ASSETS
Cash at bank 485,485 501,503

CREDITORS
Amounts falling due within one year 6 59,624 54,976
NET CURRENT ASSETS 425,861 446,527
TOTAL ASSETS LESS CURRENT
LIABILITIES

983,704

874,323

PROVISIONS FOR LIABILITIES 18,822 8,716
NET ASSETS 964,882 865,607

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 964,782 865,507
SHAREHOLDERS' FUNDS 964,882 865,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th September 2024 and were signed by:



J Hartley - Director


CHERITH FINANCIAL LIMITED (REGISTERED NUMBER: 08626074)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024

1. STATUTORY INFORMATION

Cherith Financial 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

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.

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 1 (2023 - 1 ) .

CHERITH FINANCIAL LIMITED (REGISTERED NUMBER: 08626074)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st August 2023 2,370 7,923 5,980 16,273
Additions 420 - - 420
At 31st July 2024 2,790 7,923 5,980 16,693
DEPRECIATION
At 1st August 2023 2,370 6,513 5,082 13,965
Charge for year 139 353 872 1,364
At 31st July 2024 2,509 6,866 5,954 15,329
NET BOOK VALUE
At 31st July 2024 281 1,057 26 1,364
At 31st July 2023 - 1,410 898 2,308

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st August 2023 425,488
Additions 90,000
Revaluations 40,991
At 31st July 2024 556,479
NET BOOK VALUE
At 31st July 2024 556,479
At 31st July 2023 425,488

Cost or valuation at 31st July 2024 is represented by:

Other
investments
£   
Valuation in 2019 5,709
Valuation in 2020 (15,931 )
Valuation in 2021 37,229
Valuation in 2022 1,806
Valuation in 2023 13,184
Valuation in 2024 40,990
Cost 473,492
556,479

CHERITH FINANCIAL LIMITED (REGISTERED NUMBER: 08626074)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Taxation and social security 57,667 42,286
Other creditors 1,957 12,690
59,624 54,976

7. ULTIMATE CONTROLLING PARTY

J Hartley as director and shareholder, exercises control over the company.