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REGISTERED NUMBER: 11574689 (England and Wales)










Summerhill (Caerwys) Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024






Summerhill (Caerwys) Limited (Registered number: 11574689)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Summerhill (Caerwys) Limited

Company Information
for the year ended 30 September 2024







DIRECTORS: Mr R B Jones
Mr D O Jones





REGISTERED OFFICE: 5-7 Grosvenor Court Foregate Street
Chester
CH1 1HG





REGISTERED NUMBER: 11574689 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Summerhill (Caerwys) Limited (Registered number: 11574689)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 283 422

CURRENT ASSETS
Stocks 2,823,150 3,637,218
Debtors 5 1,315 19,595
Cash at bank 5,385 91,576
2,829,850 3,748,389
CREDITORS
Amounts falling due within one year 6 8,830 146,738
NET CURRENT ASSETS 2,821,020 3,601,651
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,821,303

3,602,073

CREDITORS
Amounts falling due after more than one
year

7

1,961,464

2,491,705
NET ASSETS 859,839 1,110,368

CAPITAL AND RESERVES
Called up share capital 2,260,100 2,260,100
Retained earnings (1,400,261 ) (1,149,732 )
859,839 1,110,368

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 13 March 2025 and were signed on its behalf by:





Mr R B Jones - Director


Summerhill (Caerwys) Limited (Registered number: 11574689)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Summerhill (Caerwys) Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Summerhill (Caerwys) Limited (Registered number: 11574689)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 540
DEPRECIATION
At 1 October 2023 118
Charge for year 139
At 30 September 2024 257
NET BOOK VALUE
At 30 September 2024 283
At 30 September 2023 422

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,315 19,595

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 74,867
Taxation and social security - 1,701
Other creditors 8,830 70,170
8,830 146,738

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 1,961,464 2,491,705

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Goldentree Financial Services - 2,491,705

Goldentree Financial Services PLC hold a fixed charge over all that freehold/leasehold land to the north side of Drovers Lane, Caerwys, Mold, CH7 5AP.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the directors on the basis that together they own all of the issued share capital in its entirety.