C.C. Gould (Chemists) Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 00604234 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2023

for

C.C. Gould (Chemists) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

K Hampson

I Hampson

REGISTERED OFFICE:

Annat

Tandridge Lane

Tandridge

Surrey

RH8 9NJ

REGISTERED NUMBER:

00604234 (England and Wales)

ACCOUNTANTS:

Peter Hodgson & Co.

Chartered Accountants

Shadwell House

65 Lower Green Road

Tunbridge Wells

Kent

TN4 8TW

FIXED ASSETS

Tangible assets

4

-

-

Investments

5

1,142

1,142

Investment property

6

242,000

242,000

243,142

243,142

CURRENT ASSETS

Cash at bank

10,065

9,272

CREDITORS

Amounts falling due within one year

7

21,800

21,659

NET CURRENT LIABILITIES

(11,735

)

(12,387

)

TOTAL ASSETS LESS CURRENT LIABILITIES

231,407

230,755

CAPITAL AND RESERVES

Called up share capital

3,258

3,258

Retained earnings

8

228,149

227,497

SHAREHOLDERS' FUNDS

231,407

230,755

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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 23 February 2024 and were signed on its behalf by:

I Hampson - Director

1.	STATUTORY INFORMATION

C.C. Gould (Chemists) 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.

Significant judgements and estimates

There are no significant judgements or estimates pertaining to these accounts.

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.

In accordance with SSAP 19:

(i) Investment properties are revalued annually and the aggregate surplus or deficit is transferred to a revaluation reserve; and (ii) no depreciation or amortisation is provided in respect of leasehold investment properties with over 20 years to run.

The Companies Act 1985 requires tangible fixed assets to be depreciated systematically over their estimated useful economic lives. However, investment properties are held for investment rather than consumption; the directors therefore consider that depreciation on a systematic basis would not be appropriate in this case and that the accounting policy adopted is necessary for the accounts to give a true and fair view. Depreciation or amortisation is only one of the many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

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 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Functional currency

The company's functional currency is £ Sterling.

Financial instruments

Financial instruments including cash and bank balances are disclosed at fair value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 June 2022

and 31 May 2023

4,766

DEPRECIATION

At 1 June 2022

and 31 May 2023

4,766

NET BOOK VALUE

At 31 May 2023

-

At 31 May 2022

-

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 June 2022

and 31 May 2023

1,142

NET BOOK VALUE

At 31 May 2023

1,142

At 31 May 2022

1,142

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2022

and 31 May 2023

242,000

NET BOOK VALUE

At 31 May 2023

242,000

At 31 May 2022

242,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Tax

2,740

1,180

Directors' current accounts

18,260

19,760

Accrued expenses

800

719

21,800

21,659

8.

RESERVES

Retained

earnings

£

At 1 June 2022

227,497

Profit for the year

6,652

Dividends

(6,000

)

At 31 May 2023

228,149

Included in reserves is the sum of £106,021 in connection with a fair market value adjustment of the company's investment properties.