Company Registration No. 05818656 (England and Wales)
Cleobury Country Limited
Unaudited accounts
for the year ended 30 September 2024
Cleobury Country Limited
Unaudited accounts
Contents
Cleobury Country Limited
Company Information
for the year ended 30 September 2024
Directors
Simon Harris
Christopher Kenneth Edwards
Peter Roper
William Withers
Matthew Yarranton
Company Number
05818656 (England and Wales)
Registered Office
CLEOBURY COUNTRY CENTRE
LOVE LANE
CLEOBURY MORTIMER
SHROPSHIRE
DY14 8PE
Accountants
Numbers Matter Ltd
The Brambles
Farlow
Kidderminster
DY14 0RQ
Cleobury Country Limited
Statement of financial position
as at 30 September 2024
Tangible assets
10,266
13,972
Cash at bank and in hand
11,607
87,368
Creditors: amounts falling due within one year
(9,970)
(19,614)
Net current assets
11,569
72,169
Total assets less current liabilities
106,784
86,141
Provisions for liabilities
Fair value reserve
8,950
-
Profit and loss account
91,334
86,141
Members' funds
100,284
86,141
For the year ending 30 September 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2025 and were signed on its behalf by
Simon Harris
Director
Company Registration No. 05818656
Cleobury Country Limited
Notes to the Accounts
for the year ended 30 September 2024
Cleobury Country Limited is a private company, limited by guarantee, registered in England and Wales, registration number 05818656. The registered office is CLEOBURY COUNTRY CENTRE, LOVE LANE, CLEOBURY MORTIMER, SHROPSHIRE, DY14 8PE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is recognised at the fair value of the consideration received or receivable for goods and services
provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair
value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration
is the present value of the future receipts. The difference between the fair value of the consideration and
the nominal amount received is recognised as interest income.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the
goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be
measured reliably, it is probable that the economic benefits associated with the transaction will flow to the
entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Revenue from contracts for the provision of professional services is recognised by reference to the stage
of completion when the stage of completion, costs incurred and costs to complete can be estimated
reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual
hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated
reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be
recovered.
Rental income is recognised as the company's right to receive payment is established.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
Fixtures & fittings
25% on cost
Computer equipment
33.3% on cost
Cleobury Country Limited
Notes to the Accounts
for the year ended 30 September 2024
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and
subsequently measured at cost less any accumulated impairment losses. The investments are assessed
for impairment at each reporting date and any impairment losses or reversals of impairment losses are
recognised immediately in surplus or deficit.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and
operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a longterm
interest and where the company has significant influence. The company considers that it has
significant influence where it has the power to participate in the financial and operating decisions of the
associate.
Entities in which the company has a long term interest and shares control under a contractual arrangement
are classified as jointly controlled entities.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2023
7,950
24,798
925
33,673
At 30 September 2024
7,950
25,095
925
33,970
At 1 October 2023
7,950
10,826
925
19,701
Charge for the year
-
4,003
-
4,003
At 30 September 2024
7,950
14,829
925
23,704
At 30 September 2024
-
10,266
-
10,266
At 30 September 2023
-
13,972
-
13,972
5
Investments
Other investments
Valuation at 1 October 2023
-
Fair value adjustments
8,950
Valuation at 30 September 2024
84,949
Value of investment with Best Invest has increased by £8950 this financial year and a fair value reserve is held to account for market fluctuations
Cleobury Country Limited
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
3,353
3,697
Deferred income
2,093
8,335
8
Provisions for liabilities
£
Additional provisions made during the period
6,500
At 30 September 2024
6,500
Funds held for Sinking fund
9
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
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Average number of employees
During the year the average number of employees was 2 (2023: 2).