Registered number
07343831
Cherry Trees (Cornwall) Limited
Unaudited Filleted Accounts
31 August 2024
Cherry Trees (Cornwall) Limited
Registered number: 07343831
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 42,046 43,747
Investments 4 100 100
42,146 43,847
Current assets
Stocks 3,750 3,975
Debtors 5 27,740 -
Cash at bank and in hand 254,024 260,163
285,514 264,138
Creditors: amounts falling due within one year 6 (163,630) (221,327)
Net current assets 121,884 42,811
Net assets 164,030 86,658
Capital and reserves
Called up share capital 100 100
Profit and loss account 163,930 86,558
Shareholders' funds 164,030 86,658
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs E A Winkle
Director
Approved by the board on 6 May 2025
Cherry Trees (Cornwall) Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 25% reducing balance method
Fixtures, fittings, tools and equipment 25% reducing balance method
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 18 16
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 September 2023 19,941 88,003 107,944
Additions - 5,664 5,664
At 31 August 2024 19,941 93,667 113,608
Depreciation
At 1 September 2023 - 64,197 64,197
Charge for the year - 7,365 7,365
At 31 August 2024 - 71,562 71,562
Net book value
At 31 August 2024 19,941 22,105 42,046
At 31 August 2023 19,941 23,806 43,747
4 Investments
Other
investments
£
Cost
At 1 September 2023 100
At 31 August 2024 100
5 Debtors 2024 2023
£ £
Trade debtors 27,682 -
Other debtors 58 -
27,740 -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 271 271
Obligations under finance lease and hire purchase contracts 5,253 8,169
Trade creditors 62,673 33,648
Taxation and social security costs 64,502 76,248
Other creditors 30,931 102,991
163,630 221,327
7 Other information
Cherry Trees (Cornwall) Limited is a private company limited by shares and incorporated in England. Its registered office is:
22 Victoria Road
St Austell
Cornwall
PL25 4QD
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