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COMPANY REGISTRATION NUMBER: 10326654
Big Cheese Investments Limited
Filleted Unaudited Financial Statements
31 August 2024
Big Cheese Investments Limited
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
Fixed assets
Investments
4
358,304
358,304
Current assets
Cash at bank and in hand
1,770
1,770
Creditors: amounts falling due within one year
5
208,355
208,355
---------
---------
Net current liabilities
206,585
206,585
---------
---------
Total assets less current liabilities
151,719
151,719
---------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
151,718
151,718
---------
---------
Shareholders funds
151,719
151,719
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Big Cheese Investments Limited
Statement of Financial Position (continued)
31 August 2024
These financial statements were approved by the board of directors and authorised for issue on 14 May 2025 , and are signed on behalf of the board by:
S D Hayman
Director
Company registration number: 10326654
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Big Cheese Investments Limited
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kingfisher House, Hurstwood Grange, Hurstwood Lane, Haywards Heath, West Sussex, RH17 7QX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Investments
Shares in group undertakings
£
Cost
At 1 September 2023 and 31 August 2024
358,304
---------
Impairment
At 1 September 2023 and 31 August 2024
---------
Carrying amount
At 31 August 2024
358,304
---------
At 31 August 2023
358,304
---------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
49
49
Amounts owed to group undertakings and undertakings in which the company has a participating interest
75,598
75,598
Other creditors
132,708
132,708
---------
---------
208,355
208,355
---------
---------
6. Related party transactions
The group undertaking mentioned in Note 5 is P G Bish Limited, a company controlled by the Directors. At the year end Big Cheese Investments Limited owed £75,598 (2023:£75,598) to P G Bish Limited.
7. Controlling party
The company is controlled by S Hayman who is a director and majority shareholder.