Company registration number 14972659 (England and Wales)
Casey (Three Corner Nook) Limited
financial statements
For the period ended 31 July 2024
Casey (Three Corner Nook) Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
Casey (Three Corner Nook) Limited
Statement of financial position
As at 31 July 2024
31 July 2024
- 1 -
2024
Notes
£
£
Current assets
Stocks
325,000
Creditors: amounts falling due within one year
4
(324,999)
Net current assets
1
Capital and reserves
Called up share capital
1

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 15 April 2025 and are signed on its behalf by:
J P Warren
Director
Company registration number 14972659 (England and Wales)
Casey (Three Corner Nook) Limited
Notes to the financial statements
For the period ended 31 July 2024
- 2 -
1
Accounting policies
Company information

Casey (Three Corner Nook) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 14972659. The registered office is Rydings Road, Rochdale, Lancashire OL12 9PS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

 

The principal accounting policies adopted are set out below.

1.2
Stocks

Stocks and work in progress are stated at the lower of cost and net realisable value.

 

Cost comprises direct materials on a first in, first out basis and direct labour, plus attributable production overheads based on a normal level of activity. Net realisable value is based on estimated selling price less attributable costs to disposal.

 

Provision is made for all foreseeable losses and in the case of inventories, due allowance is made for obsolete and slow moving items.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Casey (Three Corner Nook) Limited
Notes to the financial statements (continued)
For the period ended 31 July 2024
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

 

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements:

 

- Determining the expected net realisable value of stocks and work in progress.

3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
Number
Total
4
Casey (Three Corner Nook) Limited
Notes to the financial statements (continued)
For the period ended 31 July 2024
- 4 -
4
Creditors: amounts falling due within one year
2024
£
Amounts owed to group undertakings
324,999
5
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Richard Askey
Statutory Auditor:
DJH Audit Limited
Date of audit report:
15 April 2025
2024-07-312023-06-30false15 April 2025CCH SoftwareCCH Accounts Production 2024.200No description of principal activityThis audit opinion is unqualifiedMr C P CaseyMr J WarrenMr P BryneMr P Turnerfalsefalse149726592023-06-302024-07-31149726592024-07-3114972659core:CurrentFinancialInstrumentscore:WithinOneYear2024-07-3114972659core:ShareCapital2024-07-3114972659bus:Director22023-06-302024-07-3114972659core:CurrentFinancialInstruments2024-07-3114972659bus:PrivateLimitedCompanyLtd2023-06-302024-07-3114972659bus:SmallCompaniesRegimeForAccounts2023-06-302024-07-3114972659bus:FRS1022023-06-302024-07-3114972659bus:Audited2023-06-302024-07-3114972659bus:Director12023-06-302024-07-3114972659bus:Director32023-06-302024-07-3114972659bus:Director42023-06-302024-07-3114972659bus:FullAccounts2023-06-302024-07-31xbrli:purexbrli:sharesiso4217:GBP