Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 03058700 Mrs Lesley Ibbotson Mr Leigh Ibbotson Mrs L S Ibbotson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03058700 2023-03-31 03058700 2024-03-31 03058700 2023-04-01 2024-03-31 03058700 frs-core:CurrentFinancialInstruments 2024-03-31 03058700 frs-core:Non-currentFinancialInstruments 2024-03-31 03058700 frs-core:ComputerEquipment 2024-03-31 03058700 frs-core:ComputerEquipment 2023-04-01 2024-03-31 03058700 frs-core:ComputerEquipment 2023-03-31 03058700 frs-core:FurnitureFittings 2024-03-31 03058700 frs-core:FurnitureFittings 2023-04-01 2024-03-31 03058700 frs-core:FurnitureFittings 2023-03-31 03058700 frs-core:MotorVehicles 2024-03-31 03058700 frs-core:MotorVehicles 2023-04-01 2024-03-31 03058700 frs-core:MotorVehicles 2023-03-31 03058700 frs-core:PlantMachinery 2024-03-31 03058700 frs-core:PlantMachinery 2023-04-01 2024-03-31 03058700 frs-core:PlantMachinery 2023-03-31 03058700 frs-core:ShareCapital 2024-03-31 03058700 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03058700 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03058700 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 03058700 frs-bus:SmallEntities 2023-04-01 2024-03-31 03058700 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03058700 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03058700 frs-core:UnlistedNon-exchangeTraded 2024-03-31 03058700 frs-core:UnlistedNon-exchangeTraded 2023-03-31 03058700 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-03-31 03058700 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 03058700 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-03-31 03058700 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 03058700 frs-bus:Director1 2023-04-01 2024-03-31 03058700 frs-bus:Director2 2023-04-01 2024-03-31 03058700 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 03058700 frs-countries:EnglandWales 2023-04-01 2024-03-31 03058700 2022-03-31 03058700 2023-03-31 03058700 2022-04-01 2023-03-31 03058700 frs-core:CurrentFinancialInstruments 2023-03-31 03058700 frs-core:Non-currentFinancialInstruments 2023-03-31 03058700 frs-core:ShareCapital 2023-03-31 03058700 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 03058700
Cher Varya Group Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
CAD Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03058700
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 70,821 39,493
Investments 5 255,601 255,601
326,422 295,094
CURRENT ASSETS
Stocks 6 427,376 422,126
Debtors 7 3,257,798 2,668,518
Cash at bank and in hand 38,017 60,151
3,723,191 3,150,795
Creditors: Amounts Falling Due Within One Year 9 (531,352 ) (818,835 )
NET CURRENT ASSETS (LIABILITIES) 3,191,839 2,331,960
TOTAL ASSETS LESS CURRENT LIABILITIES 3,518,261 2,627,054
Creditors: Amounts Falling Due After More Than One Year 10 (21,996 ) -
NET ASSETS 3,496,265 2,627,054
CAPITAL AND RESERVES
Called up share capital 11 200 200
Profit and Loss Account 3,496,065 2,626,854
SHAREHOLDERS' FUNDS 3,496,265 2,627,054
Page 1
Page 2
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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Leigh Ibbotson
Director
30th November 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cher Varya Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03058700 . The registered office is 5 Riverside House, Heron Way, Truro, Cornwall, TR1 2XN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Straight line
Fixtures & Fittings 25% Straight line
Computer Equipment 25% Straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 93,931 61,567 14,359 25,669 195,526
Additions 2,525 54,950 100 1,907 59,482
Disposals - - - (1,764 ) (1,764 )
As at 31 March 2024 96,456 116,517 14,459 25,812 253,244
Depreciation
As at 1 April 2023 88,135 31,571 13,223 23,104 156,033
Provided during the period 2,081 23,737 732 1,604 28,154
Disposals - - - (1,764 ) (1,764 )
As at 31 March 2024 90,216 55,308 13,955 22,944 182,423
Net Book Value
As at 31 March 2024 6,240 61,209 504 2,868 70,821
As at 1 April 2023 5,796 29,996 1,136 2,565 39,493
5. Investments
Unlisted
£
Cost
As at 1 April 2023 255,601
As at 31 March 2024 255,601
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 255,601
As at 1 April 2023 255,601
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Subsidiary undertakings
Cher Varya Commercial Limited
5, Riverside House, 
Newham,
Truro, Cornwall, Shares
TR1 2XN, England and Wales
Ordinary shares ­ 100% (2023: 100%)
Cher Varya Housing Limited
5, Riverside House, Newham,
Truro, Cornwall, Shares
TR1 2XN, England and Wales
Ordinary shares ­ 100% (2023: 100%)
...CONTINUED
Page 4
Page 5
5. Investments - continued
Associates
Kerdene Limited
Lowin House, Tregolis Road,
Truro, Cornwall, 
TR1 2NA, England and Wales
Ordinary shares ­ 50% (2023: 50%)
This business ceased to trade on 31 December 2023.
The Cornish Food Box Limited 
33 Cardrew Way, 
Redruth,Cornwall
TR15 1SS, England and Wales
Ordinary shares 30% (2023: 30%)
The principal activity of Cher Varya Commercial Limited is the rental and operation of commercial property.
The principal activity of Cher Varya Housing Limited is the rental and operation of residential property.
The principal activity of Kerdene Limited is the operation of holiday bungalow estates and selling holiday homes. The company was also engaged in the management of an investment property portfolio. 
The principal activity of The Cornish Food Box Limited is the retail of food.
6. Stocks
2024 2023
£ £
Work in progress 427,376 422,126
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 47,951 60,480
Amounts owed by group undertakings 3,186,685 2,603,685
Other debtors 23,162 4,353
3,257,798 2,668,518
8. Current Asset Investments
Investments include:
Investments in subsidiaries of £51 (2023: 51)
Investments in associates of £255,550 (2023: £255,550)
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 18,986 -
Trade creditors 121,287 88,464
Bank loans and overdrafts 82,645 15,542
Other creditors 304,683 710,458
Taxation and social security 3,751 4,371
531,352 818,835
Page 5
Page 6
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 21,996 -
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 6