0 false false false false false false false false false true false false false false false false No description of principal activity 2020-07-01 Sage Accounts Production Advanced 2020 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 10823498 2020-07-01 2021-06-30 10823498 2021-06-30 10823498 2019-07-01 2020-06-30 10823498 2020-06-30 10823498 core:LandBuildings core:ShortLeaseholdAssets 2020-07-01 2021-06-30 10823498 core:FurnitureFittings 2020-07-01 2021-06-30 10823498 bus:Director1 2020-07-01 2021-06-30 10823498 core:LandBuildings 2021-06-30 10823498 core:FurnitureFittings 2021-06-30 10823498 core:WithinOneYear 2021-06-30 10823498 core:WithinOneYear 2020-06-30 10823498 core:ShareCapital 2021-06-30 10823498 core:ShareCapital 2020-06-30 10823498 core:RetainedEarningsAccumulatedLosses 2021-06-30 10823498 core:RetainedEarningsAccumulatedLosses 2020-06-30 10823498 bus:SmallEntities 2020-07-01 2021-06-30 10823498 bus:Audited 2020-07-01 2021-06-30 10823498 bus:FullAccounts 2020-07-01 2021-06-30 10823498 bus:SmallCompaniesRegimeForAccounts 2020-07-01 2021-06-30 10823498 bus:PrivateLimitedCompanyLtd 2020-07-01 2021-06-30
COMPANY REGISTRATION NUMBER: 10823498
Kosher Deli (Radlett) Limited
Filleted Financial Statements
30 June 2021
Kosher Deli (Radlett) Limited
Statement of Financial Position
30 June 2021
2021
2020
Note
£
£
£
Current assets
Debtors
6
290
Creditors: amounts falling due within one year
7
13,545
22,889
--------
--------
Net current liabilities
13,545
22,599
--------
--------
Total assets less current liabilities
( 13,545)
( 22,599)
--------
--------
Net liabilities
( 13,545)
( 22,599)
--------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 13,546)
( 22,600)
--------
--------
Shareholders deficit
( 13,545)
( 22,599)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 29 July 2022 , and are signed on behalf of the board by:
Mr Bendahan
Director
Company registration number: 10823498
Kosher Deli (Radlett) Limited
Notes to the Financial Statements
Year ended 30 June 2021
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Short Leasehold
-
6% straight line
Fixtures and fittings
-
20% reducing balance
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Tax on profit/(loss)
Major components of tax income
2021
2020
£
£
Current tax:
Group relief receipt
(89,595)
----
--------
Tax on profit/(loss)
( 89,595)
----
--------
5. Tangible assets
Land and buildings
Fixtures and fittings
Total
£
£
£
Cost
At 1 July 2020 and 30 June 2021
13,272
4,518
17,790
--------
-------
--------
Depreciation
At 1 July 2020 and 30 June 2021
13,272
4,518
17,790
--------
-------
--------
Carrying amount
At 30 June 2021
--------
-------
--------
At 30 June 2020
--------
-------
--------
6. Debtors
2021
2020
£
£
Other debtors
290
----
----
7. Creditors: amounts falling due within one year
2021
2020
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
12,545
21,139
Other creditors
1,000
1,750
--------
--------
13,545
22,889
--------
--------
8. Summary audit opinion
The auditor's report for the year dated 29 July 2022 was unqualified.
The senior statutory auditor was Phillip Smulovitch , for and on behalf of GK & Co. LLP .
9. Controlling party
The ultimate parent company is Richtone Developments Ltd., a company incorporated in British Virgin Islands.