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Company Registration No. 05813221 (England and Wales)
Cheswick Inns Limited Unaudited accounts for the year ended 30 May 2024
Cheswick Inns Limited Unaudited accounts Contents
Page
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Cheswick Inns Limited Company Information for the year ended 30 May 2024
Director
Keith F Steven
Company Number
05813221 (England and Wales)
Registered Office
Unit 7&8 The Chandlery Quayside Berwick Upon Tweed TD15 1HE
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Cheswick Inns Limited Statement of financial position as at 30 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
3,518 
5,400 
Tangible assets
11,801 
13,798 
15,319 
19,198 
Current assets
Inventories
15,021 
10,491 
Debtors
8,109 
8,952 
Cash at bank and in hand
1,436 
20,220 
24,566 
39,663 
Creditors: amounts falling due within one year
(237,859)
(189,049)
Net current liabilities
(213,293)
(149,386)
Total assets less current liabilities
(197,974)
(130,188)
Creditors: amounts falling due after more than one year
(15,417)
(25,171)
Net liabilities
(213,391)
(155,359)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(213,491)
(155,459)
Shareholders' funds
(213,391)
(155,359)
For the year ending 30 May 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 his 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 3 January 2025 and were signed on its behalf by
Keith F Steven Director Company Registration No. 05813221
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Cheswick Inns Limited Notes to the Accounts for the year ended 30 May 2024
1
Statutory information
Cheswick Inns Limited is a private company, limited by shares, registered in England and Wales, registration number 05813221. The registered office is Unit 7&8 The Chandlery, Quayside, Berwick Upon Tweed, TD15 1HE.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention and on a going concern basis as the directors are confident that the company will be able to meet it's liabilities as they fall due.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Repairs and Maintenance
During the year the Company incurred significant costs of repairs and renewals of equipment including completely replacing the mains gas supply which supplies the kitchen and hot water systems. This supply failed and was condemned leading to loss of power and sales turnover.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 31 May 2023
13,182 
3,809 
16,991 
At 30 May 2024
13,182 
3,809 
16,991 
Amortisation
At 31 May 2023
10,939 
652 
11,591 
Charge for the year
1,120 
762 
1,882 
At 30 May 2024
12,059 
1,414 
13,473 
Net book value
At 30 May 2024
1,123 
2,395 
3,518 
At 30 May 2023
2,243 
3,157 
5,400 
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Cheswick Inns Limited Notes to the Accounts for the year ended 30 May 2024
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 31 May 2023
74,331 
Additions
2,621 
At 30 May 2024
76,952 
Depreciation
At 31 May 2023
60,533 
Charge for the year
4,618 
At 30 May 2024
65,151 
Net book value
At 30 May 2024
11,801 
At 30 May 2023
13,798 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,884 
2,732 
Accrued income and prepayments
3,225 
3,906 
Other debtors
- 
2,314 
8,109 
8,952 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
68,124 
43,503 
VAT
34,769 
28,110 
Trade creditors
36,604 
49,546 
Amounts owed to group undertakings and other participating interests
47,670 
35,321 
Taxes and social security
14,789 
6,293 
Other creditors
21,205 
20,192 
Loans from directors
11,542 
- 
Accruals
- 
2,326 
Deferred income
3,156 
3,758 
237,859 
189,049 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
15,417 
25,171 
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Cheswick Inns Limited Notes to the Accounts for the year ended 30 May 2024
9
Post balance sheet events
In 2021-22 the Director engaged the services of a claims management firm to pursue a business interruption insurance claim for loss of gross profit against the company's insurers during the Covid lock Down period. No payment has been made by the Insurers to the Company. A substantial claim, in excess of 6 figures has been costed in 2024-25 financial year and had been prepared by loss assessors and the claim continues to be pursued. Recent case law in July 2024 resulted in a defeat for the company's previous insurers and other insurance companies. A further Court of Appeal case is due to be heard in January 2025 which may delay the BII repayment until judgement is issued. The Directors and our claims management firm believe that payout of the claim will be agreed in the financial year 2024-25,
10
Average number of employees
During the year the average number of employees was 21 (2023: 20).
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