CHERRYOAK LIMITED

CHERRYOAK LIMITED

CHERRYOAK LIMITED - Company Information

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CHERRYOAK LIMITED

Company Registration Number:
01192569 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2021

Period of accounts

Start date: 01 January 2021

End date: 31 December 2021

CHERRYOAK LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2021

Balance sheet
Notes

CHERRYOAK LIMITED

Balance sheet

As at 31 December 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 1 1
Investments: 4 11,747,439 9,908,745
Total fixed assets: 11,747,440 9,908,746
Current assets
Debtors:   106 34
Cash at bank and in hand: 2,234 2,277
Total current assets: 2,340 2,311
Creditors: amounts falling due within one year:   (24,702) (24,673)
Net current assets (liabilities): (22,362) (22,362)
Total assets less current liabilities: 11,725,078 9,886,384
Total net assets (liabilities): 11,725,078 9,886,384
Capital and reserves
Called up share capital: 164,170 164,170
Share premium account: 4,345,629 4,345,629
Profit and loss account: 7,215,279 5,376,585
Shareholders funds: 11,725,078 9,886,384

The notes form part of these financial statements

CHERRYOAK LIMITED

Balance sheet statements

For the year ending 31 December 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 August 2022
and signed on behalf of the board by:

Name: S Lupton
Status: Director

The notes form part of these financial statements

CHERRYOAK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

TurnoverTurnover is measured at the fair value of the consideration received or receivable for goods suppliedand services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership havetransferred to the buyer (usually on despatch of the goods); the amount of revenue can be measuredreliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurredor to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assetsTangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulateddepreciation and impairment losses.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluationless any subsequent accumulated depreciation and subsequent accumulated impairment losses.An increase in the carrying amount of an asset as a result of a revaluation, is recognised in othercomprehensive income and accumulated in capital and reserves, except to the extent it reverses arevaluation decrease of the same asset previously recognised in profit or loss. A decrease in thecarrying amount of an asset as a result of revaluation is recognised in other comprehensive income tothe extent of any previously recognised revaluation increase accumulated in capital and reserves inrespect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gainsaccumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit orloss.DepreciationDepreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,over the useful economic life of that asset as follows:Plant and machinery - 25% reducing balanceIf there is an indication that there has been a significant change in depreciation rate, useful life orresidual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.Fixed asset investmentsFixed asset investments are initially recorded at cost, and subsequently stated at cost less anyaccumulated impairment losses. Listed investments are measured at fair value with changes in fairvalue being recognised in profit or loss.ImpairmentA review for indicators of impairment is carried out at each reporting date, with the recoverable amountbeing estimated where such indicators exist. Where the carrying value exceeds the recoverableamount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal ateach reporting date.When it is not possible to estimate the recoverable amount of an individual asset, an estimate is madeof the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generatingunit is the smallest identifiable group of assets that includes the asset and generates cash inflows thatare largely independent of the cash inflows from other assets or groups of assets.

CHERRYOAK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

2. Employees

2021 2020
Average number of employees during the period 3 3

CHERRYOAK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

3. Tangible Assets

Total
Cost £
At 01 January 2021 880
At 31 December 2021 880
Depreciation
At 01 January 2021 879
At 31 December 2021 879
Net book value
At 31 December 2021 1
At 31 December 2020 1

CHERRYOAK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

4. Fixed investments

CostAt 1 January 2021 £9,908,745Fair value adjustment £1,838,694At 31 December 2021 £11,747,439ImpairmentAt 1 January 2021 and 31 December 2021 £-Carrying amountAt 31 December 2021 £11,747,439At 31 December 2020 £9,908,745

CHERRYOAK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

5. Related party transactions

Name of the related party: Willowcombe Limited
Relationship:
Subsidiary
Description of the Transaction: Management fees
£
Balance at 01 January 2021 12,980
Balance at 31 December 2021 13,852
Name of the related party: Thurland Limited
Relationship:
Subsidiary
Description of the Transaction: Management fees
£
Balance at 01 January 2021 4,235
Balance at 31 December 2021 5,023