Churchill's Franchising Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07486678 (England and Wales)

Financial Statements for the Year Ended 31 December 2022

for

Churchill's Franchising Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J S Lipscombe

H R Lipscombe

REGISTERED OFFICE:

Chesterford House

14 Stansted Distribution Centre

Start Hill

Bishop's Stortford

Hertfordshire

CM22 7DG

REGISTERED NUMBER:

07486678 (England and Wales)

AUDITORS:

Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

CURRENT ASSETS

Cash at bank

1,022

1,202

TOTAL ASSETS LESS CURRENT LIABILITIES

1,022

1,202

CAPITAL AND RESERVES

Called up share capital

1,176

1,176

Retained earnings

(154

)

26

SHAREHOLDERS' FUNDS

1,022

1,202

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 10 August 2023 and were signed on its behalf by:

J S Lipscombe - Director

1.	STATUTORY INFORMATION

Churchill's Franchising 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.

The company has negative retained earnings at 31 December 2022 of £154 (2021: positive £26). The directors have confirmed that the company will continue to be provided with financial support by the directors and shareholders. The directors envisage, therefore, that the company shall continue to as a going concern for the period of at least one year and one day from the balance sheet date. In light of this support, the financial statements have been prepared on a going concern basis.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Denise Lindsell FCA (Senior Statutory Auditor)

for and on behalf of Hardcastle Burton LLP