Registered number
08106155
White Leopard Limited
Filleted Accounts
31 December 2021
White Leopard Limited
Registered number: 08106155
Balance Sheet
as at 31 December 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 321,504 350,850
Current assets
Debtors 4 16,741 99,546
Cash at bank and in hand 21,702 17,185
38,443 116,731
Creditors: amounts falling due within one year 5 (91,071) (39,553)
Net current (liabilities)/assets (52,628) 77,178
Total assets less current liabilities 268,876 428,028
Creditors: amounts falling due after more than one year 6 (506,186) (505,199)
Net liabilities (237,310) (77,171)
Capital and reserves
Called up share capital 100 100
Profit and loss account (237,410) (77,271)
Shareholders' funds (237,310) (77,171)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Anthony Jessop
Director
Approved by the board on 10 June 2022
White Leopard Limited
Notes to the Accounts
for the year ended 31 December 2021
1 Accounting policies
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the financial statements.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts. In September 2020 the company took over a lease at The Swan public house in Stewkley.
Fixed assets and depreciation
All fixed assets are initially recorded at cost.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Computer equipment 33.3% per annum
Other equipment 20% per annum
Leasehold Improvements 10% per annum
The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate that the carrying value may not be recoverable.
Leased assets
- Finance lease
Assets acquired under finance leases are capitalised and the outstanding future lease obligations are shown in creditors. Capitalised leased assets are depreciated over the shorter of the lease term and the estimated useful life of the asset.
- Operating lease
Leases where the lessor retains substantially all the risks and rewards of ownership are classified as operating leases. Operating lease rentals are charged to the profit and loss account on a straight line basis over the period of the lease.
Taxation
The charge for taxation is based on the profit for the year and takes into account taxation deferred because of timing differences between the treatment of certain items for taxation and accounting purposes.
Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes which have arisen but not reversed by the balance sheet date, except as otherwise required by FRS 19.
Dividends
Dividends paid to the Directors for the year were £nil.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 21 6
3 Tangible fixed assets
Total
£
Cost
At 1 January 2021 372,650
Additions 27,272
At 31 December 2021 399,922
Depreciation
At 1 January 2021 21,800
Charge for the year 56,618
At 31 December 2021 78,418
Net book value
At 31 December 2021 321,504
At 31 December 2020 350,850
4 Debtors 2021 2020
£ £
Prepayments 13,368 11,804
VAT Debtor 3,373 87,742
16,741 99,546
5 Creditors: amounts falling due within one year 2021 2020
£ £
Trade creditors 45,085 21,032
Other creditors 45,986 18,521
91,071 39,553
6 Creditors: amounts falling due after one year 2021 2020
£ £
Other creditors 506,186 505,199
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