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Registration number: 05102155

Cleveland Country Store Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Cleveland Country Store Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 9

Cleveland Country Store Limited

Company Information

Directors | Mr John Robert Heseltine Mrs Lynda Heseltine Mrs Sarah Elizabeth Leng

Company secretary | Mrs Lynda Heseltine

Registered office | Millholme Farm Brotton Saltburn- by-the-sea Cleveland TS12 2RY

Accountants | HMB Accountants Limited 18a Manor Way Belasis Hall Technology Park Billingham TS23 4HN

Cleveland Country Store Limited

(Registration number: 05102155)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | - | 3,333
Tangible assets | 5 | 424,537 | 447,071
|  | 424,537 | 450,404
Current assets |  |  |
Stocks | 6 | 248,863 | 241,759
Debtors | 7 | 7,274 | 3,713
Investments | 8 | 200,000 | 200,000
Cash at bank and in hand |  | 393,414 | 383,871
|  | 849,551 | 829,343
Creditors: Amounts falling due within one year | 9 | (167,044) | (193,280)
Net current assets |  | 682,507 | 636,063
Net assets |  | 1,107,044 | 1,086,467
Capital and reserves |  |  |
Called up share capital | 10 | 150 | 150
Retained earnings |  | 1,106,894 | 1,086,317
Shareholders' funds |  | 1,107,044 | 1,086,467

For the financial year ending 31 March 2025 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 year 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 and 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 30 September 2025 and signed on its behalf by:

......................................... Mr John Robert Heseltine Director

Cleveland Country Store Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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:
Millholme Farm
Brotton
Saltburn- by-the-sea
Cleveland
TS12 2RY

The principal place of business is:
Millholme Farm
Brotton
Saltburn- by-the-sea
Cleveland
TS12 2RY

These financial statements were authorised for issue by the Board on 30 September 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.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Cleveland Country Store Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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
Improvements to property | 2% on cost
Plant and machinery | 15% on reducing balance
Motor vehicles | 25% on reducing balance
Office equipment | 33.3% on cost

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 5% on cost

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

Cleveland Country Store Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade 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.

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 inventories 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2024 - 13).

Cleveland Country Store Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 April 2024 | 100,000 | 100,000
At 31 March 2025 | 100,000 | 100,000
Amortisation
At 1 April 2024 | 96,667 | 96,667
Amortisation charge | 3,333 | 3,333
At 31 March 2025 | 100,000 | 100,000
Carrying amount
At 31 March 2025 | - | -
At 31 March 2024 | 3,333 | 3,333

5 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2024 | 442,273 | 175,941 | 50,482 | 668,696
At 31 March 2025 | 442,273 | 175,941 | 50,482 | 668,696
Depreciation
At 1 April 2024 | 82,943 | 109,498 | 29,184 | 221,625
Charge for the year | 6,845 | 10,365 | 5,324 | 22,534
At 31 March 2025 | 89,788 | 119,863 | 34,508 | 244,159
Carrying amount
At 31 March 2025 | 352,485 | 56,078 | 15,974 | 424,537
At 31 March 2024 | 359,330 | 66,443 | 21,298 | 447,071

Included within the net book value of land and buildings above is £352,484 (2024 - £359,330) in respect of freehold land and buildings.

Cleveland Country Store Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6 | Stocks

| 2025 £ | 2024 £
Other inventories | 248,863 | 241,759

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 217 | 870
Prepayments | 7,057 | 2,843
| 7,274 | 3,713

8 | Current asset investments

| 2025 £ | 2024 £
Other investments | 200,000 | 200,000

Cleveland Country Store Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 77,707 | 88,824
Taxation and social security | 52,694 | 66,951
Accruals and deferred income | 23,643 | 21,203
Other creditors | 13,000 | 16,302
| 167,044 | 193,280

10 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100
Ordinary shares B of £1 each | 50 | 50 | 50 | 50
| 150 | 150 | 150 | 150

11 | Dividends

Final dividends paid

|  | 2025 £ |  | 2024 £
Final dividend of £515.00 (2024 - £485.00) per each Ordinary shares |  | 51,500 |  | 48,500
Final dividend of £200.00 per each Ordinary shares B |  | 10,000 |  | 10,000
|  | 61,500 |  | 58,500

12 | Related party transactions

Cleveland Country Store Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 52,570 | 52,470
Contributions paid to money purchase schemes | 121,172 | 100,858
| 173,742 | 153,328