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REGISTERED NUMBER: OC334964 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

SOUTH COAST RESTAURANT SERVICES LLP

SOUTH COAST RESTAURANT SERVICES LLP (REGISTERED NUMBER: OC334964)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

SOUTH COAST RESTAURANT SERVICES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DESIGNATED MEMBERS: G R Copper
J L Copper





REGISTERED OFFICE: 20 Havelock Road
Hastings
East Sussex
TN34 1BP





REGISTERED NUMBER: OC334964 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP

SOUTH COAST RESTAURANT SERVICES LLP (REGISTERED NUMBER: OC334964)

BALANCE SHEET
31 DECEMBER 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 49,142 98,285
Tangible assets 5 - -
Investments 6 30,000 28,750
79,142 127,035

CURRENT ASSETS
Debtors 492,138 299,642
Cash at bank 38,494 159,821
530,632 459,463
CREDITORS
Amounts falling due within one year 7 609,774 586,498
NET CURRENT LIABILITIES (79,142 ) (127,035 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET LIABILITIES ATTRIBUTABLE TO
MEMBERS

-

-

LOANS AND OTHER DEBTS DUE TO MEMBERS - -

TOTAL MEMBERS' INTERESTS
Amounts due from members (492,138 ) (299,642 )

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 December 2021.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

SOUTH COAST RESTAURANT SERVICES LLP (REGISTERED NUMBER: OC334964)

BALANCE SHEET - continued
31 DECEMBER 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 7 September 2022 and were signed by:





G R Copper - Designated member

SOUTH COAST RESTAURANT SERVICES LLP (REGISTERED NUMBER: OC334964)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

South Coast Restaurant Services LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

In preparing the financial statements, the members are required to make an assessment of the ability of the LLP to continue as a going concern. The members have considered all available evidence for the LLP which covers the 12 month period from the date of signing these financial statements. Against the backdrop of the COVID-19 Pandemic the members have paid particular attention to likely cashflow requirements and the future availability of adequate cashflow to the LLP.

On the basis of this consideration, the members are satisfied that the LLP has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they consider that no material uncertainty exists. As a result, the members have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill relates to the assignment to the LLP of part of the income rights relating to Mr G Copper's joint venture with McDonalds Restaurants. This is being amortised evenly over its estimated useful life of ten years commencing 1 January 2013.

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.
Computer equipment - 33% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2020 - NIL).

SOUTH COAST RESTAURANT SERVICES LLP (REGISTERED NUMBER: OC334964)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2021
and 31 December 2021 491,421
AMORTISATION
At 1 January 2021 393,136
Amortisation for year 49,143
At 31 December 2021 442,279
NET BOOK VALUE
At 31 December 2021 49,142
At 31 December 2020 98,285

Goodwill relates to the assignment to the LLP by Mr G Copper of part of the income rights attributable to him relating to his joint venture with McDonalds Restaurants.

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2021 7,109
Disposals (5,911 )
At 31 December 2021 1,198
DEPRECIATION
At 1 January 2021 7,109
Eliminated on disposal (5,911 )
At 31 December 2021 1,198
NET BOOK VALUE
At 31 December 2021 -
At 31 December 2020 -

SOUTH COAST RESTAURANT SERVICES LLP (REGISTERED NUMBER: OC334964)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2021 28,750
Additions 1,250
At 31 December 2021 30,000
NET BOOK VALUE
At 31 December 2021 30,000
At 31 December 2020 28,750

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade creditors 464 6,437
Taxation and social security 4,282 1,653
Other creditors 605,028 578,408
609,774 586,498

8. RELATED PARTY DISCLOSURES

During the year the LLP entered into the following transactions with South Coast Foods Limited, a company in which G R Copper is a director and shareholder:

Amounts receivable in respect of management fees - £111,141 (2020: £106,488).

At 31 December 2021 the LLP did not owe anything to South Coast Foods Limited (2020: £3,547).

During the year the LLP did not enter into any transactions with G & JC Restaurants Limited, a company in which G R Copper is a director and shareholder.

At 31 December 2021 the LLP owed £603,178 to G & JC Restaurants Limited (2020: £577,058).

ACCOUNTANTS' REPORT TO THE MEMBERS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SOUTH COAST RESTAURANT SERVICES LLP

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP 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 Members are not required to be filed with the Registrar of Companies.

In accordance with our terms of engagement we have prepared for your approval the attached financial statements from the business accounting records and from information and explanations you have given to us.

The financial statements have been compiled using the going concern and historical cost basis. It is not intended to achieve full compliance with the provisions of UK Generally Accepted Accounting Principles.

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 at icaew.com/membershandbook.

This report is made solely to you, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial information and state those matters that we have agreed to state to you in this report in accordance with the guidance of ICAEW as detailed at icaew.com/compilation and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the person to whom this report is addressed for our work or for this report.

You have approved the financial statements for the period described above, and have acknowledged your responsibility for them, for the appropriateness of the financial reporting framework adopted and for providing all information and explanations necessary for their compilation.

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 financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP


7 September 2022