Christopher Ellis and Son Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05918589 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2021

FOR

CHRISTOPHER ELLIS AND SON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A P F Stephens

Mrs E M Stephens

C G Stephens

Miss C L Stephens

SECRETARY:

A P F Stephens

REGISTERED OFFICE:

Prospect Villa

Greenbank Road

Devoran

TRURO

Cornwall

TR3 6PH

REGISTERED NUMBER:

05918589 (England and Wales)

ACCOUNTANTS:

Lang Bennetts

The Old Carriage Works

Moresk Road

TRURO

Cornwall

TR1 1DG

FIXED ASSETS

Investment property

5

200,000

200,000

CURRENT ASSETS

Cash at bank

424

401

CREDITORS

Amounts falling due within one year

6

563

329

NET CURRENT (LIABILITIES)/ASSETS

(139

)

72

TOTAL ASSETS LESS CURRENT LIABILITIES

199,861

200,072

CREDITORS

Amounts falling due after more than one year

7

(110,698

)

(109,998

)

PROVISIONS FOR LIABILITIES

(17,454

)

(17,454

)

NET ASSETS

71,709

72,620

CAPITAL AND RESERVES

Called up share capital

4

4

Fair value reserve

8

98,240

98,240

Retained earnings

(26,535

)

(25,624

)

SHAREHOLDERS' FUNDS

71,709

72,620

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2022 and were signed on its behalf by:

A P F Stephens - Director

1.	STATUTORY INFORMATION

Christopher Ellis and Son 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Financing

The company is financed by loans from its directors. The directors have indicated their intention to continue to provide financial support to the company and they do not intend to demand repayment of their loans for at least twelve months.

Government grants

A capital grant was received in respect of the restoration of the company's investment property. The amount of the grant has been deducted from the capital cost of the property in the financial statements, which is a departure from the requirements of Companies Act 2006. The directors consider this treatment gives a true and fair view of the assets and liabilities of the company as it is the directors' intention that the company will retain the property for the foreseeable future. On this basis, the conditions under which the grant becomes repayable are considered unlikely to arise.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2020

and 31 August 2021

200,000

NET BOOK VALUE

At 31 August 2021

200,000

At 31 August 2020

200,000

The historical cost of the investment property relating to the renovation and refurbishment of the original offices of the Christopher Ellis Brewery was £278,307 against which grants of £194,000 were received from the Hayle Townscape Scheme. This results in a net historical cost of £84,307 in accordance with the company's accounting policy on Government Grants.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

244

16

Accrued expenses

319

313

563

329

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Directors' loan accounts

110,698

109,998

8.

RESERVES

Fair

value

reserve

£

At 1 September 2020

and 31 August 2021

98,240