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Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Celebrate Good Times Ltd

Celebrate Good Times Ltd (Registered number: 09329333)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Celebrate Good Times Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: M N Walker
Ms L E Walker





REGISTERED OFFICE: 146 High Street
Billericay
Essex
CM12 9DF





REGISTERED NUMBER: 09329333 (England and Wales)





ACCOUNTANTS: Michael Letch & Partners LLP
Accountants
146 High Street
Billericay
Essex
CM12 9DF

Celebrate Good Times Ltd (Registered number: 09329333)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 400,000 275,000

CURRENT ASSETS
Cash at bank and in hand 517 18

CREDITORS
Amounts falling due within one year 5 42,297 40,946
NET CURRENT LIABILITIES (41,780 ) (40,928 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

358,220

234,072

CREDITORS
Amounts falling due after more than one
year

6

(37,567

)

(38,559

)

PROVISIONS FOR LIABILITIES 7 (60,518 ) (36,768 )
NET ASSETS 260,135 158,745

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 260,133 158,743
SHAREHOLDERS' FUNDS 260,135 158,745

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

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.

Celebrate Good Times Ltd (Registered number: 09329333)

Balance Sheet - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 January 2025 and were signed on its behalf by:





M N Walker - Director


Celebrate Good Times Ltd (Registered number: 09329333)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Celebrate Good Times Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the rental income receivable for the period.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 275,000
Revaluations 125,000
At 30 November 2023 400,000
NET BOOK VALUE
At 30 November 2023 400,000
At 30 November 2022 275,000

The company's investment property was valued on an open market basis on 30th November 2023 by Mr M Walker (director) at £400,000.

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2018 118,514
Valuation in 2020 20,000
Valuation in 2022 55,000
Valuation in 2023 125,000
Cost 81,486
400,000

Celebrate Good Times Ltd (Registered number: 09329333)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,271 3,471
Tax 33 247
Directors' current accounts 38,913 36,238
Accrued expenses 1,080 990
42,297 40,946

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 37,567 38,559

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 60,518 36,768

Deferred
tax
£   
Balance at 1 December 2022 36,768
Provided during year 23,750
Balance at 30 November 2023 60,518