| Cherry Meadow Properties Ltd |
| Registered number: |
13871447 |
| Balance Sheet |
| as at 31 January 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
7,876 |
|
|
10,172 |
| Investments |
4 |
|
|
572,500 |
|
|
563,000 |
|
|
|
|
580,376 |
|
|
573,172 |
|
| Current assets |
| Cash at bank and in hand |
|
|
8,433 |
|
|
562 |
|
| Creditors: amounts falling due within one year |
6 |
|
(418,992) |
|
|
(530,384) |
|
| Net current liabilities |
|
|
|
(410,559) |
|
|
(529,822) |
|
| Total assets less current liabilities |
|
|
|
169,817 |
|
|
43,350 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(105,050) |
|
|
- |
|
| Provisions for liabilities |
|
|
|
(15,882) |
|
|
(10,206) |
|
|
| Net assets |
|
|
|
48,885 |
|
|
33,144 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
120 |
|
|
120 |
| Profit and loss account |
|
|
|
48,765 |
|
|
33,024 |
|
| Shareholders' funds |
|
|
|
48,885 |
|
|
33,144 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mrs R L Horrocks |
| Director |
| Approved by the board on 29 October 2025 |
|
| Cherry Meadow Properties Ltd |
| Notes to the Accounts |
| for the year ended 31 January 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from rental of investment properties. Turnover from the rental of investment properties is recognised when the rental income is falling due and not when it is paid. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures, fittings and equipment |
over 5 years |
|
|
Investments |
|
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. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
4 |
|
4 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 February 2024 |
11,478 |
|
At 31 January 2025 |
11,478 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 February 2024 |
1,306 |
|
Charge for the year |
2,296 |
|
At 31 January 2025 |
3,602 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2025 |
7,876 |
|
At 31 January 2024 |
10,172 |
|
|
| 4 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 February 2024 |
563,000 |
|
Revaluation |
9,500 |
|
|
At 31 January 2025 |
572,500 |
|
|
|
|
|
|
|
|
|
|
75 Aintree Avenue was valued at £140,000 (£140,000 in 2024), 64 The Oval at £77,500 (£75,000 in 2024), 94 Warmsworth Road at £135,000 (£120,000 in 2024) and 37 Craithie Road at £220,000 (£228,000 in 2024) on 31 January 2025 by the director. The director has good knowledge of the area and her estimates are based on values of similar properties on the market. |
|
| 5 |
Investments held as current assets |
2025 |
|
2024 |
| £ |
£ |
|
Fair value |
|
|
|
|
|
|
|
|
|
|
Increase/(decrease) in fair value included in the profit and loss account for the financial year |
|
Unlisted investments |
9,500 |
|
10,913 |
|
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Directors loan accounts |
|
|
|
|
107,550 |
|
125,550 |
|
Accruals |
|
|
|
|
1,442 |
|
1,334 |
|
Other creditors |
310,000 |
|
403,500 |
|
|
|
|
|
|
418,992 |
|
530,384 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
105,050 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other information |
|
|
Cherry Meadow Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Analysis House |
|
117 - 119 Sea Road |
|
Sunderland |
|
England |
|
SR6 9EQ |