Churchmill Partnership Ltd - Accounts to registrar (filleted) - small 18.2

Churchmill Partnership Ltd - Accounts to registrar (filleted) - small 18.2

CHURCHMILL PARTNERSHIP LTD - Company Information

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REGISTERED NUMBER: 08210567 (England and Wales)











Financial Statements

for the Year Ended 30 September 2020

for

CHURCHMILL PARTNERSHIP LTD
CHURCHMILL PARTNERSHIP LTD (REGISTERED NUMBER: 08210567)






Contents of the Financial Statements
for the Year Ended 30 September 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHURCHMILL PARTNERSHIP LTD

Company Information
for the Year Ended 30 September 2020







DIRECTORS: N L Speller
D C Speller





SECRETARY:





REGISTERED OFFICE: Brook House
Mint Street
Godalming
Surrey
GU7 1HE





REGISTERED NUMBER: 08210567 (England and Wales)





ACCOUNTANTS: Churchmill Partnership Limited
Brook House
Mint Street
Godalming
Surrey
GU7 1HE
Page 1
CHURCHMILL PARTNERSHIP LTD (REGISTERED NUMBER: 08210567)

Balance Sheet
30 September 2020

30.9.20 30.9.19
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,000 24,500
Tangible assets 5 1,294 1,208
21,294 25,708

CURRENT ASSETS
Debtors 6 65,324 76,538
Cash at bank 40,530 6,302
105,854 82,840
CREDITORS
Amounts falling due within one year 7 63,857 89,102
NET CURRENT ASSETS/(LIABILITIES) 41,997 (6,262 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
63,291
19,446

CREDITORS
Amounts falling due after more than one
year
8
60,000
18,756
NET ASSETS 3,291 690

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 3,190 589
SHAREHOLDERS' FUNDS 3,291 690

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 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 notes form part of these financial statements

Page 2 continued...
CHURCHMILL PARTNERSHIP LTD (REGISTERED NUMBER: 08210567)

Balance Sheet - continued
30 September 2020


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 30 June 2021 and were signed on its behalf by:





N L Speller - Director


The notes form part of these financial statements

Page 3
CHURCHMILL PARTNERSHIP LTD (REGISTERED NUMBER: 08210567)

Notes to the Financial Statements
for the Year Ended 30 September 2020

1. STATUTORY INFORMATION

Churchmill Partnership 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014 is being amortised evenly over its estimated useful life of 5 years.

Goodwill, being the amount paid in connection with the acquisition of a further business in 2015 is being amortised evenly over its estimated useful life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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.

Page 4 continued...
CHURCHMILL PARTNERSHIP LTD (REGISTERED NUMBER: 08210567)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2020

2. ACCOUNTING POLICIES - continued

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 8 (2019 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2019
and 30 September 2020 106,119
AMORTISATION
At 1 October 2019 81,619
Charge for year 4,500
At 30 September 2020 86,119
NET BOOK VALUE
At 30 September 2020 20,000
At 30 September 2019 24,500

Page 5 continued...
CHURCHMILL PARTNERSHIP LTD (REGISTERED NUMBER: 08210567)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2020

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2019 12,666
Additions 920
At 30 September 2020 13,586
DEPRECIATION
At 1 October 2019 11,458
Charge for year 834
At 30 September 2020 12,292
NET BOOK VALUE
At 30 September 2020 1,294
At 30 September 2019 1,208

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.20 30.9.19
£    £   
Trade debtors 31,821 45,355
Other debtors 33,503 31,183
65,324 76,538

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.20 30.9.19
£    £   
Bank loans and overdrafts - 13,468
Trade creditors 7,339 10,510
Taxation and social security 41,648 28,215
Other creditors 14,870 36,909
63,857 89,102

Page 6 continued...
CHURCHMILL PARTNERSHIP LTD (REGISTERED NUMBER: 08210567)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2020

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.20 30.9.19
£    £   
Bank loans 50,000 -
Trade creditors 10,000 18,756
60,000 18,756

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 50,000 -

Page 7