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REGISTERED NUMBER: 09884546 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Cherry & Whites Property Services Ltd

Cherry & Whites Property Services Ltd (Registered number: 09884546)

Contents of the Financial Statements
for the Year Ended 30 November 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Cherry & Whites Property Services Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTOR: A A Lowe



REGISTERED OFFICE: Zoons House
Larkhay Road
Hucclecote
Gloucester
Gloucestershire
GL3 3NE



REGISTERED NUMBER: 09884546 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Lloyds Bank
19 Eastgate Street
Gloucester
Gloucestershire
GL1 1NU

Cherry & Whites Property Services Ltd (Registered number: 09884546)

Statement of Financial Position
30 November 2024

30/11/24 30/11/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,676 9,601
Investment property 5 240,000 240,000
252,676 249,601

CURRENT ASSETS
Debtors 6 1,869 357
Cash at bank 2,323 704
4,192 1,061
CREDITORS
Amounts falling due within one year 7 154,980 157,478
NET CURRENT LIABILITIES (150,788 ) (156,417 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,888

93,184

CREDITORS
Amounts falling due after more than one
year

8

(500

)

(1,500

)

PROVISIONS FOR LIABILITIES (10,551 ) (9,779 )
NET ASSETS 90,837 81,905

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 40,916 41,688
Retained earnings 49,821 40,117
SHAREHOLDERS' FUNDS 90,837 81,905

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 & Whites Property Services Ltd (Registered number: 09884546)

Statement of Financial Position - continued
30 November 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 March 2025 and were signed by:





A A Lowe - Director


Cherry & Whites Property Services Ltd (Registered number: 09884546)

Notes to the Financial Statements
for the Year Ended 30 November 2024


1. STATUTORY INFORMATION

Cherry & Whites Property Services 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. 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.
Plant and machinery - 33% on reducing balance
Fixtures and fittings - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Income Statement.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Cherry & Whites Property Services Ltd (Registered number: 09884546)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


2. ACCOUNTING POLICIES - continued

Going concern
Despite net current liabilities of £150,788 at 30 November 2024 (2023 - £156,417), the financial statements have been prepared on a going concern basis. The director has reviewed the future cash flows of the business and has expressed his intention to financially support the company for the foreseeable future, deeming the going concern basis of preparation to be appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
Cost
At 1 December 2023 14,600 543 15,143
Additions 9,000 438 9,438
Disposals - (393 ) (393 )
At 30 November 2024 23,600 588 24,188
Depreciation
At 1 December 2023 5,114 428 5,542
Charge for year 6,162 118 6,280
Eliminated on disposal - (310 ) (310 )
At 30 November 2024 11,276 236 11,512
Net book value
At 30 November 2024 12,324 352 12,676
At 30 November 2023 9,486 115 9,601

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 December 2023
and 30 November 2024 240,000
Net book value
At 30 November 2024 240,000
At 30 November 2023 240,000

If Investment Property had not been revalued it would have been included at the historical cost of £188,534 (2023 - £188,534).

The director has reviewed the current market and made enquires with local property agents. Based on this review, he considers that the fair value of Investment Property has not increased during the year.

Cherry & Whites Property Services Ltd (Registered number: 09884546)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Other debtors 1,869 357

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Bank loans and overdrafts 1,000 1,000
Taxation and social security 1,551 -
Other creditors 152,429 156,478
154,980 157,478

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/11/24 30/11/23
£    £   
Bank loans 500 1,500

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30/11/24 30/11/23
£    £   
Within one year 1,200 -

10. RELATED PARTY DISCLOSURES

A A Lowe
Director

Included in other creditors at 30 November 2024 is a loan balance of £147,471(2023 - £155,839) due to the director. The loan is interest free and has no fixed repayment terms.