C & C Inns Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 06833245 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 March 2022

for

C & C INNS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J M Chad

Ms J L Chad

REGISTERED OFFICE:

Hamilton Office Park

31 High View Close

Leicester

Leicestershire

LE4 9LJ

REGISTERED NUMBER:

06833245 (England and Wales)

ACCOUNTANTS:

Fortus Midlands Limited

31 High View Close

Hamilton Office Park

Leicester

Leicestershire

LE4 9LJ

FIXED ASSETS

Tangible assets

4

193,686

118,237

CURRENT ASSETS

Stocks

12,720

9,569

Debtors

5

1,159

52,237

Cash at bank and in hand

236,295

132,918

250,174

194,724

CREDITORS

Amounts falling due within one year

6

255,398

136,724

NET CURRENT (LIABILITIES)/ASSETS

(5,224

)

58,000

TOTAL ASSETS LESS CURRENT LIABILITIES

188,462

176,237

CREDITORS

Amounts falling due after more than one year

7

(91,868

)

(143,750

)

PROVISIONS FOR LIABILITIES

(21,172

)

(7,976

)

NET ASSETS

75,422

24,511

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

75,322

24,411

75,422

24,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 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 22 December 2022 and were signed on its behalf by:

Mr J M Chad - Director

1.	STATUTORY INFORMATION

C & C Inns Limited 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

10% on reducing balance

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on 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.

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.

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.

Going concern

The financial statements have been prepared on a going concern basis. The directors do not envisage withdrawing their support within one year of signing the balance sheet. They are also of the opinion that the company will be able to obtain sufficient funding to enable the company to trade for at least one year from the signing of the balance sheet.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2021 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2021

138,733

29,247

59,861

4,039

231,880

Additions

13,824

4,791

75,168

2,624

96,407

At 31 March 2022

152,557

34,038

135,029

6,663

328,287

DEPRECIATION

At 1 April 2021

64,985

19,541

25,287

3,830

113,643

Charge for year

7,375

1,718

11,459

406

20,958

At 31 March 2022

72,360

21,259

36,746

4,236

134,601

NET BOOK VALUE

At 31 March 2022

80,197

12,779

98,283

2,427

193,686

At 31 March 2021

73,748

9,706

34,574

209

118,237

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

1,159

52,237

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

35,531

2,745

Trade creditors

52,906

31,190

Taxation and social security

157,036

111,239

Other creditors

9,925

(8,450

)

255,398

136,724

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

91,868

143,750

8.	SECURED DEBTS

The following secured debts are included within creditors:

2022

2021

£

£

Bank overdrafts

6,015

2,745

Bank loans and overdrafts are secured by way of fixed and floating charges over the assets of the company.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2022 and 31 March 2021:

2022

2021

£

£

Ms J L Chad

Balance outstanding at start of year

20,585

25,766

Amounts advanced

123,306

28,151

Amounts repaid

(144,000

)

(33,332

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(109

)

20,585

10.	RELATED PARTY DISCLOSURES

Included in other creditors is a loan from the directors of £109 (2021: (£20,585)). this loan does not attract any interest and is repayable on demand.