Company registration number:
01451723
Cherryrule Limited
Unaudited filleted financial statements
31 October 2025
Cherryrule Limited
Contents
Statement of financial position
Notes to the financial statements
Cherryrule Limited
Statement of financial position
31 October 2025
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2025 |
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2024 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
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6 |
2,270,000 |
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2,270,000 |
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_______ |
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_______ |
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2,270,000 |
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2,270,000 |
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Current assets |
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Debtors |
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7 |
15,061 |
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16,808 |
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Cash at bank and in hand |
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398,907 |
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382,552 |
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_______ |
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_______ |
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413,968 |
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399,360 |
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Creditors: amounts falling due |
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within one year |
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8 |
(
243,769) |
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(
213,018) |
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_______ |
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_______ |
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Net current assets |
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170,199 |
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186,342 |
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_______ |
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_______ |
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Total assets less current liabilities |
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2,440,199 |
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2,456,342 |
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Provisions for liabilities |
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(
317,167) |
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(
317,167) |
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_______ |
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_______ |
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Net assets |
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2,123,032 |
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2,139,175 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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1,000 |
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1,000 |
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Fair value reserve |
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1,701,676 |
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1,701,676 |
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Profit and loss account |
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420,356 |
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436,499 |
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_______ |
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_______ |
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Shareholders funds |
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2,123,032 |
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2,139,175 |
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_______ |
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_______ |
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For the year ending 31 October 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 financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
13 July 2026
, and are signed on behalf of the board by:
Mr J B Shah
Director
Company registration number:
01451723
Cherryrule Limited
Notes to the financial statements
Year ended 31 October 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Scottish Provident House, 3rd Floor, 76-80 College Road, Harrow, Middlesex, HA1 1BQ.The principal activity of the company is that of property investments and lettings.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and Companies Act 2006.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
In accordance with their responsibilities as directors, the directors have considered the appropriateness of the going concern basis for the preparation of the financial statementsThe directors believe that the company is experiencing good levels of income and profitability, and that it is well placed to manage its business risks successfully.Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration receivable and represents amounts receivable for rents and service charges from lettings of investment properties, recognised on a straight-line basis over the term of the rental period.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently, investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.Investment properties whose fair value cannot be measured reliably without undue cost or effort on an on-going basis are included in plant, property and equipment at cost less accumulated depreciation and accumulated impairment losses.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
4
(2024:
4
).
5.
Loss before taxation
Loss before taxation is stated after charging/(crediting):
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2025 |
2024 |
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£ |
£ |
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Fair value adjustments to financial assets measured at fair value through profit or loss |
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- |
180,000 |
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_______ |
_______ |
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6.
Tangible assets
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Investment properties |
Total |
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£ |
£ |
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Cost |
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At 1 November 2024 and 31 October 2025 |
2,270,000 |
2,270,000 |
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_______ |
_______ |
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Depreciation |
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At 1 November 2024 and 31 October 2025 |
- |
- |
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_______ |
_______ |
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Carrying amount |
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At 31 October 2025 |
2,270,000 |
2,270,000 |
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_______ |
_______ |
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At 31 October 2024 |
2,270,000 |
2,270,000 |
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_______ |
_______ |
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Investment properties
The fair value of the properties at 31 October 2025 were £2,270,000 (2024 - £2,270,000) and the valuation has been arrived by a director of the company who is not a professionally qualified valuer. The valuation was by reference to market evidence of transaction prices for similar properties in its location and takes into account the state of the rental market in the area where the properties are situated.The historical cost of the investment properties is £568,325.
7.
Debtors
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2025 |
2024 |
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£ |
£ |
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Trade debtors |
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3,279 |
10,934 |
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Other debtors |
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11,782 |
5,874 |
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_______ |
_______ |
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15,061 |
16,808 |
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_______ |
_______ |
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8.
Creditors: amounts falling due within one year
|
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2025 |
2024 |
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£ |
£ |
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Corporation tax |
|
27,742 |
21,412 |
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Other creditors |
|
216,027 |
191,606 |
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_______ |
_______ |
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243,769 |
213,018 |
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_______ |
_______ |
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9.
Controlling party
Mr J B Shah
controls the company.