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Registration number: 11376153

Price & Chantler Limited

trading as The Boat at Erbistock

Annual Report and Unaudited Financial Statements

for the Period from 1 January 2024 to 29 December 2024

 

Price & Chantler Limited

trading as The Boat at Erbistock

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Price & Chantler Limited

trading as The Boat at Erbistock

(Registration number: 11376153)
Balance Sheet as at 29 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,311,942

1,329,263

Current assets

 

Stocks

5

23,051

23,754

Debtors

6

11,074

8,319

Cash at bank and in hand

 

158,870

201,522

 

192,995

233,595

Creditors: Amounts falling due within one year

7

(379,130)

(323,757)

Net current liabilities

 

(186,135)

(90,162)

Total assets less current liabilities

 

1,125,807

1,239,101

Creditors: Amounts falling due after more than one year

7

(979,998)

(1,200,000)

Net assets

 

145,809

39,101

Capital and reserves

 

Called up share capital

2

2

Retained earnings

145,807

39,099

Shareholders' funds

 

145,809

39,101

 

Price & Chantler Limited

trading as The Boat at Erbistock

(Registration number: 11376153)
Balance Sheet as at 29 December 2024

For the financial period ending 29 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 May 2025 and signed on its behalf by:
 

G H Price
Director

   
     
 

Price & Chantler Limited

trading as The Boat at Erbistock

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 29 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Steam Mill Business Centre
Steam Mill Street
Chester
Cheshire
CH3 5AN
UK

These financial statements were authorised for issue by the Board on 19 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company, and rounded to the nearest £.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company will have adequate resources to continue as a going concern. The directors are committed to ensure that the company is able to meet its liabilities on a day to day basis and will continue to provide financial support, when required, to enable the company to meet its liabilities. Therefore, the financial statements have been prepared on a going concern basis.

 

Price & Chantler Limited

trading as The Boat at Erbistock

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 29 December 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
the amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Finance income and costs policy

Interest income and expenses are recognised using the effective interest rate method.

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold Property

2% - 25% Straight Line

Plant and Machinery

10% - 20% Straight Line

Furnitures and fittings

10% - 20% Straight Line

Computer Equipment

33% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Price & Chantler Limited

trading as The Boat at Erbistock

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 29 December 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Price & Chantler Limited

trading as The Boat at Erbistock

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 29 December 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the period was 81 (2023 - 66).

4

Tangible assets

Freehold property
£

Fixtures and fittings
£

Plant and machinery
£

Computer equipment
£

Total
£

Cost or valuation

At 1 January 2024

1,149,514

185,478

246,730

25,535

1,607,257

Additions

6,811

11,469

36,390

1,889

56,559

At 29 December 2024

1,156,325

196,947

283,120

27,424

1,663,816

Depreciation

At 1 January 2024

97,027

66,373

90,450

24,144

277,994

Charge for the period

23,028

20,321

29,183

1,348

73,880

At 29 December 2024

120,055

86,694

119,633

25,492

351,874

Carrying amount

At 29 December 2024

1,036,270

110,253

163,487

1,932

1,311,942

At 31 December 2023

1,052,487

119,105

156,280

1,391

1,329,263

5

Stocks

2024
£

2023
£

Other inventories

23,051

23,754

6

Debtors

2024
£

2023
£

Prepayments and accrued income

11,074

8,319

11,074

8,319

 

Price & Chantler Limited

trading as The Boat at Erbistock

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 29 December 2024

7

Creditors

Due within one year

Note

2024
£

2023
£

 

Trade creditors

 

59,606

63,507

Amounts due to related parties

10

180,000

139,998

Social security and other taxes

 

71,427

70,874

Other creditors

 

54,606

38,102

Accruals

 

13,491

11,276

 

379,130

323,757

Due after one year

 

Loans and borrowings

8

979,998

1,200,000

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Amounts due to related parties

10

979,998

1,200,000

9

Financial commitments, guarantees and contingencies

Amounts disclosed in the balance sheet

Included in the balance sheet are pensions liabilites of £2,419 (2023 - £2,417).

 

Price & Chantler Limited

trading as The Boat at Erbistock

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 29 December 2024

10

Related party transactions

Loans from related parties

2024

Key management
£

Total
£

At start of period

1,339,998

1,339,998

Advanced

50,000

50,000

Repaid

(230,000)

(230,000)

At end of period

1,159,998

1,159,998

2023

Key management
£

Total
£

At start of period

1,419,998

1,419,998

Repaid

(80,000)

(80,000)

At end of period

1,339,998

1,339,998

Terms of loans from related parties

Loans from key management are interest free and repayable on demand.