CHIN-CHIN INNS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs R J Ferguson

S A Ferguson

REGISTERED OFFICE:

The Hill

Little Somerford

Chippenham

Wiltshire

SN15 5JP

REGISTERED NUMBER:

11727039 (England and Wales)

ACCOUNTANTS:

Bowen Accountants Ltd

Chartered Accountants

Unit 1 Gate Farm

High Street

Sutton Benger

Chippenham

Wiltshire

SN15 4RE

FIXED ASSETS

Tangible assets

4

440,760

440,418

CURRENT ASSETS

Stocks

11,115

12,558

Debtors

5

29,807

137,445

Cash at bank and in hand

50,937

65,276

91,859

215,279

CREDITORS

Amounts falling due within one year

6

520,347

490,872

NET CURRENT LIABILITIES

(428,488

)

(275,593

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,272

164,825

CREDITORS

Amounts falling due after more than one year

7

(306,566

)

(316,667

)

ACCRUALS AND DEFERRED INCOME

(10,001

)

(21,827

)

NET LIABILITIES

(304,295

)

(173,669

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(304,395

)

(173,769

)

(304,295

)

(173,669

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2025 and were signed on its behalf by:

Mrs R J Ferguson - Director

S A Ferguson - Director

1.	STATUTORY INFORMATION

Chin-Chin Inns Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on cost and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2024 - 33 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 31 March 2024

369,202

145,596

514,798

Additions

1,127

21,341

22,468

At 30 March 2025

370,329

166,937

537,266

DEPRECIATION

At 31 March 2024

10,462

63,918

74,380

Charge for year

7,403

14,723

22,126

At 30 March 2025

17,865

78,641

96,506

NET BOOK VALUE

At 30 March 2025

352,464

88,296

440,760

At 30 March 2024

358,740

81,678

440,418

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,192

20,173

Other debtors

28,615

117,272

29,807

137,445

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,648

10,000

Trade creditors

128,498

151,420

Taxation and social security

295,984

212,008

Other creditors

85,217

117,444

520,347

490,872

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,566

11,667

Other creditors

305,000

305,000

306,566

316,667

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 March 2025 and 30 March 2024:

2025

2024

£

£

S A Ferguson

Balance outstanding at start of year

99,825

51,601

Amounts advanced

-

48,224

Amounts repaid

(99,825

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

99,825

There is no fixed repayment term on the loan and interest is being charged at the official rate of interest due to the fact that the balance is in excess of £10,000.

9.	GOING CONCERN

The directors acknowledge the financial position of the company which has resulted from various trading challenges over the last 5 years, including Covid, Inflation and labour costs, and are taking steps to reduce overheads within the company and are also in discussions with potential investors with a view to restructuring the business.