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Registration number: 12020319

Cheung & Family Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Cheung & Family Limited

Company Information

Directors

Mrs J C C Cheung Mr L L Cheung

Registered office

The Woodridge Inn Hotel Wooden Saundersfoot SA69 9DY

Cheung & Family Limited

(Registration number: 12020319)
Balance Sheet as at 31 December 2025

	Note	2025 £	2025 £
Fixed assets
Tangible assets	4	221,475	223,062
Current assets
Stocks	5	5,000	5,500
Debtors	6	71,588	46,760
Cash at bank and in hand		36,188	54,359
		112,776	106,619
Creditors: Amounts falling due within one year	7	(128,116)	(145,492)
Net current liabilities		(15,340)	(38,873)
Net assets		206,135	184,189
Capital and reserves
Called up share capital	8	20	20
Retained earnings		206,115	184,169
Shareholders' funds		206,135	184,189

For the financial period ending 31 December 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 period 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 11 September 2026 and signed on its behalf by:
 

......................................... Mrs J C C Cheung Director

Cheung & Family Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2025 to 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
The Woodridge Inn Hotel
Wooden
Saundersfoot
SA69 9DY

These financial statements were authorised for issue by the Board on 11 September 2026.

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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

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.

Cheung & Family Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2025 to 31 December 2025

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
Fixtures and fittings	10% reducing balance
Plant and machinery	15% reducing balance
Office equipment	15% reducing balance
Property	No depreciation

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.

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.

Cheung & Family Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2025 to 31 December 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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 period, was 16 (2025 - 21).

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 July 2025	165,823	23,673	50,763	11,191	251,450
Additions	-	1,317	875	-	2,192
At 31 December 2025	165,823	24,990	51,638	11,191	253,642
Depreciation
At 1 July 2025	-	5,337	19,612	3,439	28,388
Charge for the period	-	974	2,223	582	3,779
At 31 December 2025	-	6,311	21,835	4,021	32,167
Carrying amount
At 31 December 2025	165,823	18,679	29,803	7,170	221,475
At 30 June 2025	165,823	18,336	31,151	7,752	223,062

Cheung & Family Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2025 to 31 December 2025

Included within the net book value of land and buildings above is £165,823 (2025 - £165,823) in respect of freehold land and buildings.
 

5

Stocks

	2025 £	2025 £
Other inventories	5,000	5,500

6

Debtors

Current	Note	2025 £	2025 £
Trade debtors		52,821	45,625
Amounts owed by related parties	9	192	141
Other debtors		18,575	994
		71,588	46,760

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2025 £
Due within one year
Trade creditors		33,068	41,358
Taxation and social security		40,829	60,890
Amounts owed to group undertakings and undertakings in which the company has a participating interest		4,479	-
Outstanding defined contribution pension costs		1,053	-
Other creditors		48,687	43,244
		128,116	145,492

8	Share capital

Allotted, called up and fully paid shares

	2025		2025
	No.	£	No.	£
Ordinary shares of £1 each	20	20	20	20

Cheung & Family Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2025 to 31 December 2025

9	Related party transactions

Transactions with directors

2025	At 1 July 2025 £	Advances to director £	Repayments by director £	At 31 December 2025 £
Mrs J C C Cheung
Interest free loan repayable on demand	497	61,147	(52,356)	9,289
Mr L L Cheung
Interest free loan repayable on demand	497	61,147	(52,356)	9,289

2025	At 1 July 2024 £	Advances to director £	Repayments by director £	At 30 June 2025 £
Mrs J C C Cheung
Interest free loan repayable on demand	(3,812)	81,659	(77,350)	497
Mr L L Cheung
Interest free loan repayable on demand	(3,812)	81,659	(77,350)	497

Summary of transactions with other related parties

At the balance sheet date, DP Pembroke Ltd owed £159 (2024: £141) to the company. The entity is a related party by virtue of common ownership.

At the balance sheet date, UMI (Pembrokeshire) Ltd owed £4,320 (2024: £Nil) to the company. The entity is a related party by virtue of common ownership.

At the balance sheet date, Cheung Family Holdings Ltd was owed £192 (2024: £Nil) from the company. The entity is a related party by virtue of common ownership.