Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-312023-06-22falseNo description of principal activity310falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14952742 2023-06-21 14952742 2023-06-22 2024-07-31 14952742 2022-06-22 2023-06-21 14952742 2024-07-31 14952742 c:Director2 2023-06-22 2024-07-31 14952742 d:FurnitureFittings 2023-06-22 2024-07-31 14952742 d:FurnitureFittings 2024-07-31 14952742 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-22 2024-07-31 14952742 d:OtherPropertyPlantEquipment 2023-06-22 2024-07-31 14952742 d:OtherPropertyPlantEquipment 2024-07-31 14952742 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-06-22 2024-07-31 14952742 d:OwnedOrFreeholdAssets 2023-06-22 2024-07-31 14952742 d:CurrentFinancialInstruments 2024-07-31 14952742 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 14952742 d:ShareCapital 2024-07-31 14952742 d:RetainedEarningsAccumulatedLosses 2024-07-31 14952742 c:OrdinaryShareClass1 2023-06-22 2024-07-31 14952742 c:OrdinaryShareClass1 2024-07-31 14952742 c:FRS102 2023-06-22 2024-07-31 14952742 c:AuditExempt-NoAccountantsReport 2023-06-22 2024-07-31 14952742 c:FullAccounts 2023-06-22 2024-07-31 14952742 c:PrivateLimitedCompanyLtd 2023-06-22 2024-07-31 14952742 2 2023-06-22 2024-07-31 14952742 e:PoundSterling 2023-06-22 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14952742









CHICKPEA (SILVER PLOUGH) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2024

 
CHICKPEA (SILVER PLOUGH) LIMITED
REGISTERED NUMBER: 14952742

BALANCE SHEET
AS AT 31 JULY 2024

31 July 2024
Note
£

Fixed assets
  

Tangible assets
 4 
88,907

  
88,907

Current assets
  

Stocks
 5 
11,671

Debtors: amounts falling due within one year
 6 
67,867

Cash at bank and in hand
 7 
43,477

  
123,015

Creditors: amounts falling due within one year
 8 
(357,089)

Net current (liabilities)/assets
  
 
 
(234,074)

Total assets less current liabilities
  
(145,167)

  

Net (liabilities)/assets
  
(145,167)


Capital and reserves
  

Called up share capital 
 9 
100

Profit and loss account
  
(145,267)

  
(145,167)


Page 1

 
CHICKPEA (SILVER PLOUGH) LIMITED
REGISTERED NUMBER: 14952742
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 March 2025.




................................................
James Underhill
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CHICKPEA (SILVER PLOUGH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

1.


General information

Chickpea (Silver Plough) Limited is a private company limited by shares, incorporated in England and Wales on22 June 2023. The principal activity throughout the period  was pub and restaurant. The Company's accounting period was extended from 30 June 2024 to 31 July 2024. The Company started trading on 01 August 2023.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basis. This assumes the continuing support of its parent company, which they have pledged for the foreseeable future.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
CHICKPEA (SILVER PLOUGH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance and straight line  basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
reducing balance
Property improvements
-
5%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
CHICKPEA (SILVER PLOUGH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the period was 31.


4.


Tangible fixed assets





Fixtures and fittings
Other fixed assets
Total

£
£
£



Cost or valuation


Additions
104,542
11,055
115,597



At 31 July 2024

104,542
11,055
115,597



Depreciation


Charge for the period on owned assets
26,137
553
26,690



At 31 July 2024

26,137
553
26,690



Net book value



At 31 July 2024
78,405
10,502
88,907

Page 5

 
CHICKPEA (SILVER PLOUGH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

5.


Stocks

Period ended 31 July2024
£

Finished goods and goods for resale
11,671

11,671



6.


Debtors

Period ended 31 July 2024
£


Amounts owed by associated undertakings
57,527

Other debtors
7,500

Prepayments and accrued income
2,840

67,867



7.


Cash and cash equivalents

Period ended 31 July 2024
£

Cash at bank and in hand
43,477

43,477


Page 6

 
CHICKPEA (SILVER PLOUGH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

8.


Creditors: Amounts falling due within one year

Period ended 31 July 2024
£

Other loans
86,000

Trade creditors
23,795

Amounts owed to associated undertakings
171,278

Other taxation and social security
30,762

Other creditors
43,409

Accruals and deferred income
1,845

357,089



9.


Share capital

Period ended 31 July 2024
£
Allotted, called up and fully paid


100 Ordinary shares of £1 each
100


Upon incorporation 100 Ordinary £1 shares were issued at par.


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,358. Contributions totalling £1,168 were payable to the fund at the balance sheet date.


11.


Controlling party

The Company is controlled by Chickpea Limited, who owns 100% of the issued shares.

 
Page 7