Acorah Software Products - Accounts Production 16.1.300 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 03619962 Mr G Blundell Mrs H M Blundell Mr G Blundell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03619962 2023-10-31 03619962 2024-10-31 03619962 2023-11-01 2024-10-31 03619962 frs-core:CurrentFinancialInstruments 2024-10-31 03619962 frs-core:Non-currentFinancialInstruments 2024-10-31 03619962 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 03619962 frs-core:CapitalRedemptionReserve 2024-10-31 03619962 frs-core:RevaluationReserve 2023-11-01 2024-10-31 03619962 frs-core:RevaluationReserve 2023-10-31 03619962 frs-core:RevaluationReserve 2024-10-31 03619962 frs-core:ShareCapital 2024-10-31 03619962 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 03619962 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 03619962 frs-bus:AbridgedAccounts 2023-11-01 2024-10-31 03619962 frs-bus:SmallEntities 2023-11-01 2024-10-31 03619962 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 03619962 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 03619962 frs-bus:Director1 2023-11-01 2024-10-31 03619962 frs-bus:Director2 2023-11-01 2024-10-31 03619962 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 03619962 frs-countries:EnglandWales 2023-11-01 2024-10-31 03619962 2022-10-31 03619962 2023-10-31 03619962 2022-11-01 2023-10-31 03619962 frs-core:CurrentFinancialInstruments 2023-10-31 03619962 frs-core:Non-currentFinancialInstruments 2023-10-31 03619962 frs-core:CapitalRedemptionReserve 2023-10-31 03619962 frs-core:RevaluationReserve 2023-10-31 03619962 frs-core:ShareCapital 2023-10-31 03619962 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 03619962
Cheviot Enterprises Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 October 2024
Shelvoke, Pickering, Janney LLP
Chartered Certified Accountants
57 - 61 Market Place
Cannock
Staffordshire
WS11 1BP
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 03619962
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 750,000 500,000
750,000 500,000
CURRENT ASSETS
Debtors 22,728 32,018
Cash at bank and in hand 26 4
22,754 32,022
Creditors: Amounts Falling Due Within One Year 5 (11,149 ) (10,240 )
NET CURRENT ASSETS (LIABILITIES) 11,605 21,782
TOTAL ASSETS LESS CURRENT LIABILITIES 761,605 521,782
Creditors: Amounts Falling Due After More Than One Year (139,061 ) (150,511 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (97,566 ) (75,597 )
NET ASSETS 524,978 295,674
CAPITAL AND RESERVES
Called up share capital 950 950
Revaluation reserve 6 441,074 288,640
Capital redemption reserve 50 50
Profit and Loss Account 82,904 6,034
SHAREHOLDERS' FUNDS 524,978 295,674
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For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 October 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr G Blundell
Director
19 March 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Cheviot Enterprises Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03619962 . The registered office is 57-61 Market Place, Cannock, WS11 1BP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Nil
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Total
£
Cost or Valuation
As at 1 November 2023 500,000
Revaluation 250,000
As at 31 October 2024 750,000
Net Book Value
As at 31 October 2024 750,000
As at 1 November 2023 500,000
Cost or valuation as at 31 October 2024 represented by:
Land & Property
Freehold
£
At cost 211,360
At valuation 538,640
750,000
The properties were revalued, by the directors', on 31st October, 2024.
The value of land included in freehold land & property is £100,000 (2023: £100,000).
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 11,149 10,240
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6. Reserves
Revaluation Reserve
£
As at 1 November 2023 288,640
Surplus on revaluation 152,434
As at 31 October 2024 441,074
7. Related Party Transactions
The company was not under the control of any one individual party during this or the preceding period.
A loan was made to The Golden Hop Company Limited, a company under common control. The balance at 31st October, 2024 was £22,728 (2023: £33,018). This was the highest balance and no terms are set down for repayment.
During the period the company received rent from The Golden Hop Company Limited to the value of £10,000 (2023: £10,000).
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