REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 23 MARCH 2023 TO 31 DECEMBER 2023 |
FOR |
CHESHIRE FRESH LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 23 MARCH 2023 TO 31 DECEMBER 2023 |
FOR |
CHESHIRE FRESH LIMITED |
CHESHIRE FRESH LIMITED (REGISTERED NUMBER: 14751443) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 23 MARCH 2023 TO 31 DECEMBER 2023 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 2 |
CHESHIRE FRESH LIMITED (REGISTERED NUMBER: 14751443) |
BALANCE SHEET |
31 DECEMBER 2023 |
Notes | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
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 Board of Directors and authorised for issue on |
CHESHIRE FRESH LIMITED (REGISTERED NUMBER: 14751443) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 23 MARCH 2023 TO 31 DECEMBER 2023 |
1. | STATUTORY INFORMATION |
Cheshire Fresh Limited is a |
Registered number: |
Registered office: |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. |
Financial instruments |
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the |
contractual provisions of the instrument. |
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
Basic financial assets, which include trade debtors, other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised. |
Basic financial liabilities, including trade creditors, other creditors and amounts owed to group undertakings, that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire. |
CHESHIRE FRESH LIMITED (REGISTERED NUMBER: 14751443) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 23 MARCH 2023 TO 31 DECEMBER 2023 |
2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the period 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. |
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 period 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. |
Going concern |
At the balance sheet date, the company had negative current year earnings. The company's directors have indicated that they will provide support via the group to enable the company to meet its liabilities as the fall due. As this support will continue for the foreseeable future, for a period of at least 12 months, these financial statements have been prepared on the going concern basis. |
3. | EMPLOYEES |
The average number of employees during the period was NIL. |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Amounts owed to group undertakings |
Other creditors |
CHESHIRE FRESH LIMITED (REGISTERED NUMBER: 14751443) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 23 MARCH 2023 TO 31 DECEMBER 2023 |
6. | CALLED UP SHARE CAPITAL |
Allotted and issued: |
Number: | Class: | Nominal |
value: | £ |
A Ordinary shares | 1 | 50 |
B Ordinary Shares | 1 | 50 |
100 |
The following shares were allotted at par during the period: |
50 A Ordinary shares of 1 each |
50 B Ordinary shares of 1 each |
7. | RELATED PARTY DISCLOSURES |
At the year end, the company owed £2,000 to Northern Powerhouse Land Limited, a company with common directors. |
8. | ULTIMATE CONTROLLING PARTY |
The company is controlled by the directors. Both directors agree there is no single ultimate controlling party. |