Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31182023-04-01falseNo description of principal activity19truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08608755 2023-04-01 2024-03-31 08608755 2022-04-01 2023-03-31 08608755 2024-03-31 08608755 2023-03-31 08608755 2022-04-01 08608755 c:Director2 2023-04-01 2024-03-31 08608755 d:Buildings 2023-04-01 2024-03-31 08608755 d:Buildings 2024-03-31 08608755 d:Buildings 2023-03-31 08608755 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08608755 d:PlantMachinery 2023-04-01 2024-03-31 08608755 d:PlantMachinery 2024-03-31 08608755 d:PlantMachinery 2023-03-31 08608755 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08608755 d:MotorVehicles 2023-04-01 2024-03-31 08608755 d:MotorVehicles 2024-03-31 08608755 d:MotorVehicles 2023-03-31 08608755 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08608755 d:FurnitureFittings 2023-04-01 2024-03-31 08608755 d:FurnitureFittings 2024-03-31 08608755 d:FurnitureFittings 2023-03-31 08608755 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08608755 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08608755 d:CurrentFinancialInstruments 2024-03-31 08608755 d:CurrentFinancialInstruments 2023-03-31 08608755 d:Non-currentFinancialInstruments 2024-03-31 08608755 d:Non-currentFinancialInstruments 2023-03-31 08608755 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08608755 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08608755 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 08608755 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08608755 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 08608755 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 08608755 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 08608755 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 08608755 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 08608755 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 08608755 d:ShareCapital 2024-03-31 08608755 d:ShareCapital 2023-03-31 08608755 d:RetainedEarningsAccumulatedLosses 2024-03-31 08608755 d:RetainedEarningsAccumulatedLosses 2023-03-31 08608755 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 08608755 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 08608755 c:OrdinaryShareClass1 2023-04-01 2024-03-31 08608755 c:OrdinaryShareClass1 2024-03-31 08608755 c:OrdinaryShareClass1 2023-03-31 08608755 c:FRS102 2023-04-01 2024-03-31 08608755 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08608755 c:FullAccounts 2023-04-01 2024-03-31 08608755 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08608755 7 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 08608755










CAMBERS COUNTRY STORES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
CAMBERS COUNTRY STORES LIMITED
REGISTERED NUMBER: 08608755

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
                                                                     Note
£
£

Fixed assets
  

Tangible assets
 4 
1,773,556
1,777,606

  
1,773,556
1,777,606

Current assets
  

Stocks
  
895,823
766,798

Debtors: amounts falling due within one year
 5 
154,452
160,470

Cash at bank and in hand
  
721,436
542,258

  
1,771,711
1,469,526

Creditors: amounts falling due within one year
 6 
(779,015)
(675,457)

Net current assets
  
 
 
992,696
 
 
794,069

Total assets less current liabilities
  
2,766,252
2,571,675

Creditors: amounts falling due after more than one year
 7 
(829,507)
(868,803)

Provisions for liabilities
  

Deferred tax
 9 
(39,570)
(40,447)

  
 
 
(39,570)
 
 
(40,447)

Net assets
  
1,897,175
1,662,425


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
1,897,075
1,662,325

  
1,897,175
1,662,425


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies
Page 1

 
CAMBERS COUNTRY STORES LIMITED
REGISTERED NUMBER: 08608755
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mrs J A Cartwright
Director

Date: 9 August 2024

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
CAMBERS COUNTRY STORES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Cambers Country Stores Limited (company number 8608755) is a private limited Company, limited by shares, incorporated in England and Wales, with is registered office at Ryton Farm, Ryton, Shrewsbury, Shropshire, SY5 7LY. The principal place of business of the Company is Harley, Shrewsbury, Shropshire, SY5 6LN.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Going concern

After making enquiries, the Directors have reasonable expectation that the Company has adequate reserves to continue to trade for the forseeable future, and therefore continue to adopt the going concern basis in preparing the Accounts.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
CAMBERS COUNTRY STORES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
CAMBERS COUNTRY STORES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Land and buildings
-
not depreciated
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures, fittings and office equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
CAMBERS COUNTRY STORES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.13

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

 
2.14

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.15

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and loss account.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 19 (2023 - 18).

Page 6

 
CAMBERS COUNTRY STORES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Land and buildings
Plant and machinery
Motor vehicles
Fixtures, fittings and office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
1,641,013
167,868
74,360
83,775
1,967,016


Additions
-
21,500
15,075
5,359
41,934


Disposals
-
-
(4,250)
-
(4,250)



At 31 March 2024

1,641,013
189,368
85,185
89,134
2,004,700



Depreciation


At 1 April 2023
-
85,010
44,788
59,612
189,410


Charge for the year on owned assets
-
26,092
10,715
7,385
44,192


Disposals
-
-
(2,458)
-
(2,458)



At 31 March 2024

-
111,102
53,045
66,997
231,144



Net book value



At 31 March 2024
1,641,013
78,266
32,140
22,137
1,773,556



At 31 March 2023
1,641,013
82,858
29,572
24,163
1,777,606


5.


Debtors

2024
2023
£
£


Trade debtors
141,517
143,396

Prepayments and accrued income
12,935
17,074

154,452
160,470


Page 7

 
CAMBERS COUNTRY STORES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
41,582
57,338

Trade creditors
421,800
399,611

Amounts owed to group undertakings
198,842
129,187

Corporation tax
79,126
50,247

Other taxation and social security
30,231
16,685

Accruals and deferred income
7,434
22,389

779,015
675,457


The following liabilities were secured:

2024
2023
£
£



Bank loans
41,582
57,338

41,582
57,338

Details of security provided:

The bank loans are secured against the Freehold Property owned by the Company, which comprises commercial buildings at Harley, Shropshire and Hinstock, Shropshire, and against 102.36 acres of land owned jointly by Mr R J and Mrs J A Cartwright (Directors) up to a limit of £200,000.

Page 8

 
CAMBERS COUNTRY STORES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
829,507
868,803

829,507
868,803


The following liabilities were secured:

2024
2023
£
£



Bank loans
829,507
868,803

829,507
868,803

Details of security provided:

The bank loans are secured against the Freehold Property owned by the Company, which comprises commercial buildings at Harley, Shropshire and Hinstock, Shropshire, and against 102.36 acres of land owned jointly by Mr R J and Mrs J A Cartwright (Directors) up to a limit of £200,000.

Page 9

 
CAMBERS COUNTRY STORES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
41,582
57,338


41,582
57,338

Amounts falling due 1-2 years

Bank loans
44,736
46,195


44,736
46,195

Amounts falling due 2-5 years

Bank loans
155,614
155,051


155,614
155,051

Amounts falling due after more than 5 years

Bank loans
629,157
667,556

629,157
667,556

871,089
926,140


Page 10

 
CAMBERS COUNTRY STORES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Deferred taxation




2024
2023


£

£






At beginning of year
(40,447)
(24,226)


Charged to profit or loss
877
(16,221)



At end of year
(39,570)
(40,447)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(39,570)
(40,447)

(39,570)
(40,447)


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



11.Directors' personal guarantees

Mr R J Cartwright and Mrs J A Cartwright (Directors) have jointly provided a guarantee to the Company. The Company's borrowings are in part secured against 102.36 acres of land owned jointly by Mr and Mrs Cartwright, up to a limit of £200,000.


12.


Controlling party

The Company is under the control of its parent company, 3JC Limited. The registered office of the parent Company is Ryton Farm, Ryton, Shrewsbury, Shropshire, SY5 7LY.

The parent Company is exempt from preparing consolidated Accounts, as the group qualifies as small.

 
Page 11