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REGISTERED NUMBER: 11151804 (England and Wales)















Unaudited Financial Statements

for the Period 31 January 2022 to 31 March 2023

for

CASA LOLA RESTAURANT LIMITED

CASA LOLA RESTAURANT LIMITED (Registered number: 11151804)






Contents of the Financial Statements
for the Period 31 January 2022 to 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CASA LOLA RESTAURANT LIMITED

Company Information
for the Period 31 January 2022 to 31 March 2023







DIRECTORS: J GONZALEZ
Mrs. J L HOLT





SECRETARY:





REGISTERED OFFICE: 169-173 Brighton Road
COULSDON
Surrey
CR5 2NH





REGISTERED NUMBER: 11151804 (England and Wales)





ACCOUNTANTS: TABS ACCOUNTANCY SERVICES LTD
Carpenter Court Maple Road
Bramhall
Stockport
Cheshire
SK7 2DH

CASA LOLA RESTAURANT LIMITED (Registered number: 11151804)

Balance Sheet
31 March 2023

31.3.23 30.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 215,371 242,844

CURRENT ASSETS
Stocks 16,458 14,005
Debtors 5 56,433 92,853
Cash in hand 276,268 206,684
349,159 313,542
CREDITORS
Amounts falling due within one year 6 139,348 95,821
NET CURRENT ASSETS 209,811 217,721
TOTAL ASSETS LESS CURRENT
LIABILITIES

425,182

460,565

CREDITORS
Amounts falling due after more than one
year

7

321,620

392,898
NET ASSETS 103,562 67,667

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 103,552 67,657
SHAREHOLDERS' FUNDS 103,562 67,667

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 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.

CASA LOLA RESTAURANT LIMITED (Registered number: 11151804)

Balance Sheet - continued
31 March 2023


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

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 and authorised for issue on 28 September 2023 and were signed on its behalf by:





J GONZALEZ - Director


CASA LOLA RESTAURANT LIMITED (Registered number: 11151804)

Notes to the Financial Statements
for the Period 31 January 2022 to 31 March 2023

1. STATUTORY INFORMATION

CASA LOLA RESTAURANT 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 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

CASA LOLA RESTAURANT LIMITED (Registered number: 11151804)

Notes to the Financial Statements - continued
for the Period 31 January 2022 to 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 14 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 31 January 2022 113,946 189,387 303,333
Additions - 3,516 3,516
At 31 March 2023 113,946 192,903 306,849
DEPRECIATION
At 31 January 2022 9,120 51,369 60,489
Charge for period 5,320 25,669 30,989
At 31 March 2023 14,440 77,038 91,478
NET BOOK VALUE
At 31 March 2023 99,506 115,865 215,371
At 30 January 2022 104,826 138,018 242,844


5. DEBTORS
31.3.23 30.1.22
£    £   
Amounts falling due within one year:
Trade debtors 5,689 17,062
Other debtors 33,964 52,040
39,653 69,102

Amounts falling due after more than one year:
Other debtors 16,780 23,751

Aggregate amounts 56,433 92,853

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 30.1.22
£    £   
Bank loans and overdrafts 38,855 38,855
Trade creditors 44,491 18,944
Taxation and social security 29,965 17,609
Other creditors 26,037 20,413
139,348 95,821

CASA LOLA RESTAURANT LIMITED (Registered number: 11151804)

Notes to the Financial Statements - continued
for the Period 31 January 2022 to 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 30.1.22
£    £   
Bank loans 105,074 150,406
Other creditors 216,546 242,492
321,620 392,898

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 30.1.22
£    £   
Within one year - 17,775

Following H.P. Payments were due as at 31ST March 2023

2023 2022


Amount due within 1 Year 0 £ 2,351

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2023 and the year ended 30 January 2022:

31.3.23 30.1.22
£    £   
J GONZALEZ
Balance outstanding at start of period (238,171 ) (248,084 )
Amounts advanced 23,203 11,513
Amounts repaid - (1,600 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (214,968 ) (238,171 )

10. ULTIMATE CONTROLLING PARTY

The controlling party is J GONZALEZ.