Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-302025-05-092023-10-01falseNo description of principal activity2323truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06643933 2023-10-01 2024-09-30 06643933 2022-10-01 2023-09-30 06643933 2024-09-30 06643933 2023-09-30 06643933 c:Director1 2023-10-01 2024-09-30 06643933 d:Buildings d:ShortLeaseholdAssets 2023-10-01 2024-09-30 06643933 d:Buildings d:ShortLeaseholdAssets 2024-09-30 06643933 d:Buildings d:ShortLeaseholdAssets 2023-09-30 06643933 d:PlantMachinery 2023-10-01 2024-09-30 06643933 d:PlantMachinery 2024-09-30 06643933 d:PlantMachinery 2023-09-30 06643933 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 06643933 d:MotorVehicles 2023-10-01 2024-09-30 06643933 d:MotorVehicles 2024-09-30 06643933 d:MotorVehicles 2023-09-30 06643933 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 06643933 d:FurnitureFittings 2023-10-01 2024-09-30 06643933 d:FurnitureFittings 2024-09-30 06643933 d:FurnitureFittings 2023-09-30 06643933 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 06643933 d:OfficeEquipment 2023-10-01 2024-09-30 06643933 d:OfficeEquipment 2024-09-30 06643933 d:OfficeEquipment 2023-09-30 06643933 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 06643933 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 06643933 d:Goodwill 2024-09-30 06643933 d:Goodwill 2023-09-30 06643933 d:CurrentFinancialInstruments 2024-09-30 06643933 d:CurrentFinancialInstruments 2023-09-30 06643933 d:Non-currentFinancialInstruments 2024-09-30 06643933 d:Non-currentFinancialInstruments 2023-09-30 06643933 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 06643933 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 06643933 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 06643933 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 06643933 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 06643933 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 06643933 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 06643933 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 06643933 d:ShareCapital 2024-09-30 06643933 d:ShareCapital 2023-09-30 06643933 d:RetainedEarningsAccumulatedLosses 2024-09-30 06643933 d:RetainedEarningsAccumulatedLosses 2023-09-30 06643933 c:FRS102 2023-10-01 2024-09-30 06643933 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 06643933 c:FullAccounts 2023-10-01 2024-09-30 06643933 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06643933 2 2023-10-01 2024-09-30 06643933 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 06643933










CHESIL RECTORY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
CHESIL RECTORY LIMITED
REGISTERED NUMBER: 06643933

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
80,802
92,029

  
80,802
92,029

Current assets
  

Stocks
  
508,622
418,649

Debtors: amounts falling due within one year
 6 
52,267
46,077

Cash at bank and in hand
 7 
11,905
84,756

  
572,794
549,482

Creditors: amounts falling due within one year
 8 
(402,888)
(331,165)

Net current assets
  
 
 
169,906
 
 
218,317

Total assets less current liabilities
  
250,708
310,346

Creditors: amounts falling due after more than one year
 9 
-
(87,500)

  

Net assets
  
250,708
222,846


Capital and reserves
  

Called up share capital 
  
90,000
90,000

Profit and loss account
  
160,708
132,846

  
250,708
222,846


Page 1

 
CHESIL RECTORY LIMITED
REGISTERED NUMBER: 06643933
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 May 2025.




Mr M Dodd
Director

The notes on pages 3 to 13 form part of these financial statements.

Page 2

 
CHESIL RECTORY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Chesil Rectory Limited is a private company, limited by shares and registered in England. The company's Registered Office is situated at 199 Romsey Road, Winchester, Hampshire, SO22 5PG.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

Whilst the company's trade was severely impacted by the coronavirus restrictions, the director took steps by securing grants and funding to ensure the company's financial position remained stable. The company has reaped the rewards of those steps over the past years and these accounts show a significant profit. The director is therefore satisfied the company should be regarded as a going concern for the foreseeable future.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
CHESIL RECTORY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and loss account in the same period as the related expenditure.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 4

 
CHESIL RECTORY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.11

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.12

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

S/Term Leasehold Property
-
Straight line over life of lease
Plant & machinery
-
25% straight line
Motor vehicles
-
25% reducing balance
Fixtures & fittings
-
25% straight line
Office equipment
-
33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.13

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.14

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
CHESIL RECTORY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.15

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.16

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.17

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

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

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

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

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 6

 
CHESIL RECTORY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.18

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 23 (2023 - 23).


4.


Intangible assets




Goodwill

£



Cost


At 1 October 2023
146,721



At 30 September 2024

146,721



Amortisation


At 1 October 2023
146,721



At 30 September 2024

146,721



Net book value



At 30 September 2024
-



At 30 September 2023
-



Page 7

 
CHESIL RECTORY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Tangible fixed assets





S/Term Leasehold Property
Plant & machinery
Motor vehicles
Fixtures & fittings
Office equipment

£
£
£
£
£



Cost or valuation


At 1 October 2023
98,010
119,303
24,400
167,323
7,428


Additions
-
1,669
-
2,121
1,166



At 30 September 2024

98,010
120,972
24,400
169,444
8,594



Depreciation


At 1 October 2023
39,070
114,996
6,100
158,470
5,799


Charge for the year on owned assets
3,267
2,299
6,100
2,940
1,577



At 30 September 2024

42,337
117,295
12,200
161,410
7,376



Net book value



At 30 September 2024
55,673
3,677
12,200
8,034
1,218



At 30 September 2023
58,939
4,307
18,300
8,853
1,630
Page 8

 
CHESIL RECTORY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

           5.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 October 2023
416,464


Additions
4,956



At 30 September 2024

421,420



Depreciation


At 1 October 2023
324,435


Charge for the year on owned assets
16,183



At 30 September 2024

340,618



Net book value



At 30 September 2024
80,802



At 30 September 2023
92,029



Page 9

 
CHESIL RECTORY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
28,154
22,464

Other debtors
12,000
13,946

Prepayments and accrued income
12,113
9,667

52,267
46,077



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
11,905
84,756

11,905
84,756


Page 10

 
CHESIL RECTORY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
50,000

Trade creditors
68,763
71,851

Corporation tax
48,635
44,263

Other taxation and social security
86,253
72,435

Other creditors
191,993
84,591

Accruals and deferred income
7,244
8,025

402,888
331,165


The following liabilities were secured:

2024
2023
£
£



Bank loans
-
50,000

-
50,000

Details of security provided:

Bank loans were secured by way of a debenture over all company assets and also a personal guarantee given by the director, Mr M Dodd. The loan was satisfied during the year.

Page 11

 
CHESIL RECTORY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
87,500

-
87,500


The following liabilities were secured:

2024
2023
£
£



Bank loans
-
87,500

-
87,500

Details of security provided:

Bank loans are secured by way of a debenture over all company assets and also a personal guarantee given by the director, Mr M Dodd. The loan was satisfied during the year.

Page 12

 
CHESIL RECTORY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
-
50,000


-
50,000

Amounts falling due 1-2 years

Bank loans
-
50,000


-
50,000

Amounts falling due 2-5 years

Bank loans
-
37,500


-
37,500


-
137,500



11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £11,651 (2023 - £9,971). Contributions totalling £2,548 (2023 - £1,850) were payable to the fund at the balance sheet date and are included in creditors.


12.


Related party transactions

During the year the company charged management fees of £6,288 (2023 £2,495) to Dodzilla Limited and £6,792 (2023 £12,730) to Inn the Park Limited, and was charged management fees of £32,146 (2023 £27,809) by Inn the Park Limited and £Nil (2023 £191) by Dodzilla Limited. The company owed a short-term loan £100,000 to Dodzilla Limited (2023 owed £2,446) and was owed a net trading balance of £764. The company was owed a short-term loan Inn the Park Limited £Nil (2023 was owed £947) and was owed a net trading balance of £18,042 at year end.. Both of those companies are under the same common control as Chesil Rectory Limited. 

 
Page 13