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REGISTERED NUMBER: 08744054 (England and Wales)















Chew Valley Stores Ltd

Unaudited Financial Statements for the Year Ended 31 May 2024






Chew Valley Stores Ltd (Registered number: 08744054)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Chew Valley Stores Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mrs C P Brent
P M Brent
R P Brent
Mrs T M Brent



REGISTERED OFFICE: 4 King Square
Bridgwater
Somerset
TA6 3YF



REGISTERED NUMBER: 08744054 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: National Westminster Bank Plc
290 Wells Road
Knowle
BRISTOL
BS4 9GB

Chew Valley Stores Ltd (Registered number: 08744054)

Abridged Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - -
Investment property 6 500,000 500,000
500,000 500,000

CURRENT ASSETS
Debtors 730 2,445
Cash at bank 5,002 5,434
5,732 7,879
CREDITORS
Amounts falling due within one year 37,011 33,592
NET CURRENT LIABILITIES (31,279 ) (25,713 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

468,721

474,287

PROVISIONS FOR LIABILITIES 27,493 22,739
NET ASSETS 441,228 451,548

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 72,113 77,555
Retained earnings 369,015 373,893
SHAREHOLDERS' FUNDS 441,228 451,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

Chew Valley Stores Ltd (Registered number: 08744054)

Abridged Statement of Financial Position - continued
31 May 2024


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2024 and were signed on its behalf by:





Mrs C P Brent - Director


Chew Valley Stores Ltd (Registered number: 08744054)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Chew Valley Stores 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Chew Valley Stores Ltd (Registered number: 08744054)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 416
DEPRECIATION
At 1 June 2023
and 31 May 2024 416
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 500,000
NET BOOK VALUE
At 31 May 2024 500,000
At 31 May 2023 500,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2024 500,000

If investment property had not been revalued it would have been included at the following historical cost:

31.5.24 31.5.23
£    £   
Cost 400,394 400,394

Investment property was valued on an open market basis on 31 May 2024 by the directors .

7. RESERVES
Revaluation
reserve
£   
At 1 June 2023 77,555
Reserve transfer (5,442 )

At 31 May 2024 72,113