Company Registration No. 13791389 (England and Wales)
Cherry Professional Group Limited
Unaudited accounts
for the year ended 31 March 2024
Cherry Professional Group Limited
Unaudited accounts
Contents
Cherry Professional Group Limited
Company Information
for the year ended 31 March 2024
Company Number
13791389 (England and Wales)
Registered Office
ST NICHOLAS COURT, 25 - 27 CASTLE GATE
NOTTINGHAM
NG1 7AR
ENGLAND
Cherry Professional Group Limited
Statement of financial position
as at 31 March 2024
Investments
2,814,000
2,814,000
Creditors: amounts falling due within one year
(1,177,350)
(1,025,825)
Net current liabilities
(1,177,350)
(1,025,825)
Total assets less current liabilities
1,636,650
1,788,175
Creditors: amounts falling due after more than one year
(224,375)
(375,000)
Net assets
1,412,275
1,413,175
Called up share capital
100
100
Share premium
1,399,900
1,399,900
Profit and loss account
12,275
13,175
Shareholders' funds
1,412,275
1,413,175
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 May 2024 and were signed on its behalf by
D Asano
Director
Company Registration No. 13791389
Cherry Professional Group Limited
Notes to the Accounts
for the year ended 31 March 2024
Cherry Professional Group Limited is a private company, limited by shares, registered in England and Wales, registration number 13791389. The registered office is ST NICHOLAS COURT, 25 - 27 CASTLE GATE, NOTTINGHAM, NG1 7AR, ENGLAND.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investments in shares are included at fair value.
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Investments
Subsidiary undertakings
Valuation at 1 April 2023
2,814,000
Valuation at 31 March 2024
2,814,000
Investments comprise the entire share capital of Cherry Professional Ltd at £2.814m.
Cherry Professional Group Limited
Notes to the Accounts
for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
988,950
837,500
Other creditors
187,500
187,500
6
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
224,375
375,000
7
Transactions with related parties
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 subsidiaries within the group.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).