South Downs Cider Limited

South Downs Cider Limited
Contents Page
For the year ended 31 October 2024

Statement of Financial Position	1
Notes to the Financial Statements	2

Registered Number: 11623185 South Downs Cider Limited
Statement of Financial Position
As at 31 October 2024

	Notes	2024 £	2023 £
Fixed assets
Intangible fixed assets	3	1,371	1,713
Tangible fixed assets	4	32,781	37,615
		34,152	39,328
Current assets
Stocks		12,322	8,495
Debtors		3,965	8,166
Cash at bank and in hand		(5,919)	(62)
		10,368	16,599
Creditors: amount falling due within one year		(95,604)	(88,906)
Net current assets		(85,236)	(72,307)

Total assets less current liabilities		(51,084)	(32,979)
Provisions for liabilities		(6,452)	(6,452)
Net assets		(57,536)	(39,431)

Capital and reserves
Called up share capital		10	10
Profit and loss account		(57,546)	(39,441)
Shareholders' funds		(57,536)	(39,431)

For the year ended 31 October 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 year 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 accounts.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 16 July 2026 and were signed on its behalf by:

-------------------------------
SLOT Paul Edward
Director

1

South Downs Cider Limited
Notes to the Abridged Financial Statements
For the year ended 31 October 2024

General Information

South Downs Cider Limited is a private company, limited by shares, registered in , registration number 11623185, registration address Coppwilliam, Common Lane, Laughton, England, BN8 6BY.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures and Fittings	25% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 0 (2023 : 0).

3.

Intangible fixed assets

Cost	Goodwill	Total
	£	£
At 01 November 2023	3,423	3,423
Additions	-	-
Disposals	-	-
At 31 October 2024	3,423	3,423
Amortisation
At 01 November 2023	1,710	1,710
Charge for year	342	342
On disposals	-	-
At 31 October 2024	2,052	2,052
Net book values
At 31 October 2024	1,371	1,371
At 31 October 2023	1,713	1,713

4.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Land and Buildings	Total
	£	£	£	£	£
At 01 November 2023	54,989	12,132	5,228	-	72,349
Additions	6,539	-	-	666	7,205
Disposals	-	-	-	-	-
At 31 October 2024	61,528	12,132	5,228	666	79,554
Depreciation
At 01 November 2023	29,238	3,033	2,463	-	34,734
Charge for year	8,315	3,033	691	-	12,039
On disposals	-	-	-	-	-
At 31 October 2024	37,553	6,066	3,154	-	46,773
Net book values
Closing balance as at 31 October 2024	23,975	6,066	2,074	666	32,781
Opening balance as at 01 November 2023	25,751	9,099	2,765	-	37,615

The net book value of Land and Buildings includes £ 666 in respect of assets leased under finance leases or hire purchase contracts.

2

Registered Number: 11623185

Abridged Accounts

for the year ended 31 October 2024
for
SOUTH DOWNS CIDER LIMITED