Three Cherries Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 03779503 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2017

FOR

THREE CHERRIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

I S Vicker

L S Burdett

I R Birkett

P G Holdom

SECRETARY:

L S Burdett

REGISTERED OFFICE:

The Stables

Clevedon Hall Estate

Victoria Road

Clevedon

BS21 7SJ

REGISTERED NUMBER:

03779503 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Intangible assets

4

20,000

25,000

Tangible assets

5

1,345

1,872

21,345

26,872

CURRENT ASSETS

Stocks

6

7,149

3,452

Debtors

7

186,705

192,572

Cash at bank and in hand

427,222

347,946

621,076

543,970

CREDITORS

Amounts falling due within one year

8

245,505

257,989

NET CURRENT ASSETS

375,571

285,981

TOTAL ASSETS LESS CURRENT LIABILITIES

396,916

312,853

CAPITAL AND RESERVES

Called up share capital

9

300

300

Retained earnings

10

396,616

312,553

SHAREHOLDERS' FUNDS

396,916

312,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 26 July 2017 and were signed on its behalf by:

I S Vicker - Director

L S Burdett - Director

I R Birkett - Director

P G Holdom - Director

1.	STATUTORY INFORMATION

Three Cherries 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the

year, exclusive of Value Added Tax.

In respect of long term contracts and contracts for on-going services, turnover represents

the value of work done in the year, including estimates of amounts not invoiced. Turnover in

respect of long-term contracts and contracts for on-going services is recognised by

reference to the stage of completion.

Amortisation

Amortisation is calculated to write off the cost of the purchased goodwill over its estimated

useful life of 10 years on a straight line basis.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment

losses.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2016

and 31 May 2017

50,000

AMORTISATION

At 1 June 2016

25,000

Charge for year

5,000

At 31 May 2017

30,000

NET BOOK VALUE

At 31 May 2017

20,000

At 31 May 2016

25,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 June 2016

19,275

Additions

540

At 31 May 2017

19,815

DEPRECIATION

At 1 June 2016

17,403

Charge for year

1,067

At 31 May 2017

18,470

NET BOOK VALUE

At 31 May 2017

1,345

At 31 May 2016

1,872

6.

STOCKS

31.5.17

31.5.16

£

£

Stocks

7,149

3,452

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Trade debtors

99,802

111,733

Other debtors

-

550

Directors' current accounts

40,000

40,000

Prepayments and accrued income

46,903

40,289

186,705

192,572

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Trade creditors

48,090

60,317

Tax

70,839

77,424

Social security and other taxes

10,507

9,474

VAT

35,067

38,055

Other creditors

1,958

1,957

Accruals and deferred income

79,044

70,762

245,505

257,989

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.17

31.5.16

value:

£

£

300

Ordinary

£1

300

300

10.

RESERVES

Retained

earnings

£

At 1 June 2016

312,553

Profit for the year

286,063

Dividends

(202,000

)

At 31 May 2017

396,616

11.	RELATED PARTY DISCLOSURES

During the year dividends were paid to the directors as follows:

£24,913 (2016 £46,867) to Mr I Birkett

£25,587 (2016 £48,133) to Mr L Burdett

£25,587 (2015 £48,133) to Mr I Vicker

£25,587 (2015 £48,133) to Mr P Holdom

At the year end the directors owed the company the following amounts under short term

interest free loans, which were repaid on the 1st June 2016:

£10,000 Mr I Birkett

£10,000 Mr L Burdett

£10,000 Mr I Vicker

£10,000 Mr P Holdom

12.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party

The following reproduces the text of the report prepared for the directors and members in

respect of the company's annual unaudited financial statements. In accordance with the

Companies Act 2006, the company is only required to file a Balance Sheet. Readers are

cautioned that the Income Statement and certain other primary statements and the Report

of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for

your approval the financial statements of Three Cherries Limited for the year ended 31 May 2017

which comprise the Income Statement, Balance Sheet and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Three Cherries Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Three Cherries Limited and state those matters that we have agreed to state to the Board of Directors of Three Cherries Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Three Cherries Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Three Cherries Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Three Cherries Limited. You consider that Three Cherries Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Three Cherries Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

Date: .............................................