Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31true2021-01-01falseNo description of principal activity1814falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10212462 2021-01-01 2021-12-31 10212462 2020-01-01 2020-12-31 10212462 2021-12-31 10212462 2020-12-31 10212462 c:Director2 2021-01-01 2021-12-31 10212462 d:Buildings 2021-01-01 2021-12-31 10212462 d:Buildings 2021-12-31 10212462 d:Buildings 2020-12-31 10212462 d:Buildings d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 10212462 d:FurnitureFittings 2021-01-01 2021-12-31 10212462 d:FurnitureFittings 2021-12-31 10212462 d:FurnitureFittings 2020-12-31 10212462 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 10212462 d:OfficeEquipment 2021-01-01 2021-12-31 10212462 d:OfficeEquipment 2021-12-31 10212462 d:OfficeEquipment 2020-12-31 10212462 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 10212462 d:OtherPropertyPlantEquipment 2021-01-01 2021-12-31 10212462 d:OtherPropertyPlantEquipment 2021-12-31 10212462 d:OtherPropertyPlantEquipment 2020-12-31 10212462 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 10212462 d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 10212462 d:CurrentFinancialInstruments 2021-12-31 10212462 d:CurrentFinancialInstruments 2020-12-31 10212462 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 10212462 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 10212462 d:ShareCapital 2021-12-31 10212462 d:ShareCapital 2020-12-31 10212462 d:RetainedEarningsAccumulatedLosses 2021-12-31 10212462 d:RetainedEarningsAccumulatedLosses 2020-12-31 10212462 c:FRS102 2021-01-01 2021-12-31 10212462 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 10212462 c:FullAccounts 2021-01-01 2021-12-31 10212462 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 10212462










TEN HANDS CAFE BARS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2021

 
TEN HANDS CAFE BARS LIMITED
REGISTERED NUMBER: 10212462

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
123,862
141,976

  
123,862
141,976

Current assets
  

Stocks
  
2,000
1,200

Debtors: amounts falling due within one year
 5 
1,701
1,602

Cash at bank and in hand
 6 
31,020
5,600

  
34,721
8,402

Creditors: amounts falling due within one year
 7 
(229,080)
(248,214)

Net current liabilities
  
 
 
(194,359)
 
 
(239,812)

Total assets less current liabilities
  
(70,497)
(97,836)

  

Net liabilities
  
(70,497)
(97,836)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(70,597)
(97,936)

  
(70,497)
(97,836)


Page 1

 
TEN HANDS CAFE BARS LIMITED
REGISTERED NUMBER: 10212462
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2021

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






................................................
N J Monk
Director

Date: 1 September 2022

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
TEN HANDS CAFE BARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021

1.


General information

Ten Hands Cafe Bars Limited is a members limited liability company, domiciled in England, registered
number 10212462, with a registered office at 175 Watling Street West, Towcester, Northamptonshire, NN12 6BX.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

Page 3

 
TEN HANDS CAFE BARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Property improvements
-
5%
straight line
Fixtures and fittings
-
10%
straight line
Office equipment
-
33%
straight line
Equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
TEN HANDS CAFE BARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.10

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.


3.


Employees

The average monthly number of employees, including directors, during the period was 18 (2020 - 14).

Page 5

 
TEN HANDS CAFE BARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021

4.


Tangible fixed assets





Property improvements
Fixtures and fittings
Office equipment
Equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2021
114,436
63,788
4,869
13,827
196,920


Additions
-
-
705
3,865
4,570



At 31 December 2021

114,436
63,788
5,574
17,692
201,490



Depreciation


At 1 January 2021
20,492
23,050
4,175
7,227
54,944


Charge for the period on owned assets
8,117
10,299
929
3,339
22,684



At 31 December 2021

28,609
33,349
5,104
10,566
77,628



Net book value



At 31 December 2021
85,827
30,439
470
7,126
123,862



At 31 December 2020
93,944
40,738
694
6,600
141,976


5.


Debtors

2021
2020
£
£


Prepayments and accrued income
1,701
1,602



6.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
31,020
5,600


Page 6

 
TEN HANDS CAFE BARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021

7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
9,517
9,826

Other taxation and social security
6,296
10,581

Other creditors
210,441
225,291

Accruals and deferred income
2,826
2,516

229,080
248,214



8.


Financial instruments

 All debtors and creditors are basic financial instruments and are held at amortised cost.


9.


Related party transactions

At the balance sheet date, there was a loan of £210,441 (2020: £225,291) due to the directors.

 
Page 7