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REGISTERED NUMBER: 09203508 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

CHERRY PICKED PROPERTIES LTD

CHERRY PICKED PROPERTIES LTD (REGISTERED NUMBER: 09203508)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHERRY PICKED PROPERTIES LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: Mr D J Sawyer
Mrs L F Sawyer





REGISTERED OFFICE: 2 Vardon Drive
Wilmslow
Cheshire
SK9 2AQ





REGISTERED NUMBER: 09203508 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

CHERRY PICKED PROPERTIES LTD (REGISTERED NUMBER: 09203508)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 239,353 47,978
Tangible assets 5 541 54
239,894 48,032

CURRENT ASSETS
Debtors 6 184,590 113,384
Cash at bank and in hand 754,806 678,465
939,396 791,849
CREDITORS
Amounts falling due within one year 7 633,261 130,175
NET CURRENT ASSETS 306,135 661,674
TOTAL ASSETS LESS CURRENT
LIABILITIES

546,029

709,706

CREDITORS
Amounts falling due after more than one
year

8

(30,294

)

(35,626

)

PROVISIONS FOR LIABILITIES (135 ) (14 )
NET ASSETS 515,600 674,066

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 515,500 673,966
SHAREHOLDERS' FUNDS 515,600 674,066

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

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

CHERRY PICKED PROPERTIES LTD (REGISTERED NUMBER: 09203508)

BALANCE SHEET - continued
31 March 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:




Mr D J Sawyer - Director



Mrs L F Sawyer - Director


CHERRY PICKED PROPERTIES LTD (REGISTERED NUMBER: 09203508)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Cherry Picked Properties Limited is a private company limited by share capital, incorporated in England and Wales, registration number 09203508. The address of the registered office & principal place of business is 2 Vardon Drive, Wilmslow, Cheshire, England, SK9 2AQ.

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 represents amounts recognised by the company in respect of services supplied, exclusive of Value Added Tax and trade discounts. Turnover principally consists of management of real estate on a fee or contract basis.

Intangible assets
Client List, being the amount paid in connection with the acquisition of a business, is being amortised at 6.5% straight line per annum.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on tangible fixed assets is charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Office equipment - 20% Straight Line
Computer equipment- 33% Straight Line

At each balance sheet date, the Company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.

CHERRY PICKED PROPERTIES LTD (REGISTERED NUMBER: 09203508)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Client
list
£   
COST
At 1 April 2023 52,009
Additions 198,000
At 31 March 2024 250,009
AMORTISATION
At 1 April 2023 4,031
Amortisation for year 6,625
At 31 March 2024 10,656
NET BOOK VALUE
At 31 March 2024 239,353
At 31 March 2023 47,978

CHERRY PICKED PROPERTIES LTD (REGISTERED NUMBER: 09203508)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 835 4,562 5,397
Additions - 568 568
At 31 March 2024 835 5,130 5,965
DEPRECIATION
At 1 April 2023 785 4,558 5,343
Charge for year 43 38 81
At 31 March 2024 828 4,596 5,424
NET BOOK VALUE
At 31 March 2024 7 534 541
At 31 March 2023 50 4 54

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,168 15,703
Other debtors 173,422 97,681
184,590 113,384

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,334 5,202
Tax 133,663 45,885
Social security and other taxes 5,673 6,098
VAT 30,664 24,898
Other creditors 875 736
Directors' current accounts 442,427 27,431
Accrued expenses 14,625 19,925
633,261 130,175

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,468 5,334
Bank loans - 2-5 years 24,826 30,292
30,294 35,626

CHERRY PICKED PROPERTIES LTD (REGISTERED NUMBER: 09203508)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary "A" £1.00 50 50
50 Ordinary "B" £1.00 50 50
100 100

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £410,000 were paid to the directors .

Included in other debtors is an amount of £Nil (2023: £75,000) due from a company under common control. The amount is interest free and due on demand.

The company incurred management fees totalling £Nil (2023: £10,000) from a company under common control. The amount is included in accruals at the reporting date.

Included in other debtors is an amount of £137,000 (2023: £Nil) due from LFS Property Developments Ltd. The amount is interest free and due on demand.

Included in other creditors is an amount of £442,427 (2023: £27,431) due to the directors. The amount is interest free and due on demand.