Registration number:
Tom Kerridge London Ltd
for the Year Ended 31 January 2023
Tom Kerridge London Ltd
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Tom Kerridge London Ltd
Company Information
Directors |
Mr T Kerridge Mrs B Cullen-Kerridge |
Registered office |
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Accountants |
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Tom Kerridge London Ltd
(Registration number: 11142410)
Balance Sheet as at 31 January 2023
Note |
2023 |
2022 |
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Fixed assets |
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Investment property |
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- |
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Current assets |
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Debtors |
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- |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
- |
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Net current (liabilities)/assets |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
- |
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Net (liabilities)/assets |
( |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Retained earnings |
(152) |
- |
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Shareholders' (deficit)/funds |
(52) |
100 |
For the financial year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Tom Kerridge London Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
The company registration number is 11142410
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis as the Directors have agreed to support the company for a period of 12 months post the date of signing the financial statements.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Investment property
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Tom Kerridge London Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. The company subsequently considers the recoverable value of the trade debtors. When assessing impairment of trade debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investment properties |
2023 |
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Additions |
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At 31 January |
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There has been no valuation of investment property by an independent valuer.
Tom Kerridge London Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023
Debtors |
Current |
2023 |
2022 |
Other debtors |
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- |
Creditors |
Creditors: amounts falling due within one year
Note |
2023 |
2022 |
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Due within one year |
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Loans and borrowings |
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- |
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Trade creditors |
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- |
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Accruals and deferred income |
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- |
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Other creditors |
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- |
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- |
Creditors: amounts falling due after more than one year
Note |
2023 |
2022 |
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Due after one year |
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Loans and borrowings |
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- |
Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
Tom Kerridge London Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023
Loans and borrowings |
2023 |
2022 |
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Non-current loans and borrowings |
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Bank borrowings |
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- |
2023 |
2022 |
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Current loans and borrowings |
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Bank borrowings |
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- |
Related party transactions |
Other transactions with directors |
At the year end, the Directors owed the company £95, which is repayable within 9 months of the balance sheet date.
Summary of transactions with all associates
During the year Tom Kerridge London Limited was loaned £225,000 byTom Kerridge Consultancy Limited, a company under common control, to fund the purchase of a property. Tom Kerridge London Limited loaned £12,288 to Tom Kerridge Consultancy Limited during the year.
At the balance sheet date, Tom Kerridge Consultancy Limited was owed £212,862 by Tom Kerridge London Limited.
Tom Kerridge Media Limited
During the year Tom Kerridge London Limited was loaned £175,000 byTom Kerridge Media Limited , a company under common control, to fund the purchase of a property.
At the balance sheet date, Tom Kerridge London Limited owed £175,000 toTom Kerridge Media Limited.
The Coach (Marlow) Limited
During the year Tom Kerridge London Limited was loaned £296,100.90 byThe Coach (Marlow) Limited, a company under common control, to fund the purchase of a property. Tom Kerridge London Limited invoiced The Coach (Marlow) Limited for rental expenses of £8,000.
At the balance sheet date, The Coach (Marlow) Limited was owed £286,500.90 by Tom Kerridge London Limited.
The Butcher's Tap & Grill Limited
The Butcher's Tap & Grill Limited, a company under common control, loaned £14,000 to Tom Kerridge London Limited in the year.
At the balance sheet date, Tom Kerridge London Limited owed £14,000 to The Butcher's Tap & Grill Limited.
Hand and Flowers Limited
During the year Tom Kerridge London Limited was loaned £114,364.10 by Hand and Flowers Limited, a company under common control, to fund the purchase of a property.
At the balance sheet date, Tom Kerridge London Limited owed £114,364.10 to Hand and Flowers Limited.