2024-01-012024-12-312024-12-31false09079698The Chichester Food and Drink Company 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The Chichester Food and Drink Company Ltd

Registered Number
09079698
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

The Chichester Food and Drink Company Ltd
Company Information
for the year from 1 January 2024 to 31 December 2024

Director

Mr P McCulloch

Registered Address

The Bungalow Vinnetrow Road
Runcton
Chichester
PO20 1QD

Registered Number

09079698 (England and Wales)
The Chichester Food and Drink Company Ltd
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3260,413254,677
260,413254,677
Current assets
Stocks114,51790,000
Debtors45,62528,753
Cash at bank and on hand3,26415,769
163,406134,522
Creditors amounts falling due within one year(113,703)(147,861)
Net current assets (liabilities)49,703(13,339)
Total assets less current liabilities310,116241,338
Creditors amounts falling due after one year(24,854)(35,056)
Net assets285,262206,282
Capital and reserves
Called up share capital440440
Share premium1,621,7051,621,705
Profit and loss account(1,336,883)(1,415,863)
Shareholders' funds285,262206,282
The financial statements were approved and authorised for issue by the Director on 9 May 2025, and are signed on its behalf by:
Mr P McCulloch
Director
Registered Company No. 09079698
The Chichester Food and Drink Company Ltd
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
In the opinion of the directors, in view of the financial support provided by the parent company, the company has sufficient resources to continue trading for 12 months. Accordingly the accounts have been prepared on a going concern basis.
Revenue from sale of goods
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on plant & machinery on a straight line basis between 10 and 30 years. Depreciation on leasehold improvements is provided on a straight line basis over 8 years.

Reducing balance (%)Straight line (years)
Land and buildings-8
Plant and machinery25-
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. 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 and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year54
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 24310,968
Additions46,239
At 31 December 24357,207
Depreciation and impairment
At 01 January 2456,290
Charge for year40,504
At 31 December 2496,794
Net book value
At 31 December 24260,413
At 31 December 23254,677
4.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts-1,647
5.Other commitments
The company had total guarantees contingencies and commitments at the year end of £nil (2023: £30,000).
6.Related party transactions
The company has taken advantage of the exemption from disclosing transactions with its parent Climate Positive Food Ltd.