Company registration number 16030393 (England and Wales)
CHERRY EQUITY PARTNERS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
CHERRY EQUITY PARTNERS LTD
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
CHERRY EQUITY PARTNERS LTD
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
Notes
£
£
Current assets
Debtors
4
1,000
Cash at bank and in hand
405,044
406,044
Creditors: amounts falling due within one year
5
(2,500)
Net current assets
403,544
Creditors: amounts falling due after more than one year
6
(405,001)
Net liabilities
(1,457)
Capital and reserves
Called up share capital
7
1,000
Profit and loss reserves
(2,457)
Total equity
(1,457)

For the financial period ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 17 September 2025 and are signed on its behalf by:
Mr E J F Standring
Director
Company registration number 16030393 (England and Wales)
CHERRY EQUITY PARTNERS LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Period ended 31 December 2024:
Loss for the period
-
(2,457)
(2,457)
Issue of share capital
7
1,000
-
1,000
Balance at 31 December 2024
1,000
(2,457)
(1,457)
CHERRY EQUITY PARTNERS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Cherry Equity Partners Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 82 St John Street, London, EC1M 4JN.

1.1
Reporting period

These financial statements for the period ended 31 December 2024 are the first financial statements of Cherry Equity Partners Limited. The company was incorporated on 21 October 2024 and therefore the financial statements are for a period of less than one year.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

The financial statements have been prepared on the going concern basis as the directors expect the company to be profit making in the ensuing accounting period with sufficient financial resources to meet its cash flow requirements.true

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks,

1.5
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.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

CHERRY EQUITY PARTNERS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors and other bank, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
Number
Total
4
4
Debtors
2024
Amounts falling due within one year:
£
Other debtors
1,000
5
Creditors: amounts falling due within one year
2024
£
Other creditors
2,500
CHERRY EQUITY PARTNERS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 5 -
6
Creditors: amounts falling due after more than one year
2024
£
Other loan
405,001
7
Called up share capital
2024
2024
Ordinary share capital
Number
£
Issued and fully paid
A Ordinary shares of 1p each
65,000
650
B Ordinary shares of 1p each
35,000
350
100,000
1,000

On 21 October 2024, 65,000 Ordinary shares and 35,000 B Ordinary shares of £0.01 each were issued at par.

On 24 February 2025, 65,000 Ordinary shares were reclassified to A Ordinary shares.

8
Events after the reporting date

On 21 January 2025, the company acquired two subsidiaries, Cherry Two Ltd and Fired Up One Ltd, utilising an initial £15m capital facility available from its parent Navya Investment Limited. These acquisitions represent a strategic expansion of the group's operations.

On 7 March 2025, Cherry Two Ltd acquired a substantial part of Bistrot Pierre, the French Bistrot, bar and boutique rooms business, out of administration with plans to invest in and grow the business and provide a strong platform for future growth.

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