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Company Registration No. 10436564 (England and Wales)
THE COCONUT TREE LIMITED
Financial Statements
for the Period from 01 January 2022 to 31 December 2022

THE COCONUT TREE LIMITED

Financial Statements for the period ending 31 December 2022

THE COCONUT TREE LIMITED

Financial Statements for the period ending 31 December 2022

Notes to the Accounts

1. Statutory Information
THE COCONUT TREE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10436564.
2. Accounting Policies
Basis of preparing the Financial Statements
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.
Presentation Currency
The accounts are presented in £ sterling.

THE COCONUT TREE LIMITED

Financial Statements for the period ending 31 December 2022

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2022 233
2021 192
4. Principal Activity
The Coconut Tree is a multi-award winning restaurant group offering Sri Lankan eats and island Cocotails in an informal and friendly restaurant setting. Founded by five Sri Lankans living in the UK, we had a vision of bringing authentic Sri Lankan food to a British audience.From the opening of the first restaurant in Cheltenham in November 2016, we have been a huge hit with the locals, winning numerous awards within months of opening to date.

THE COCONUT TREE LIMITED

Financial Statements for the period ending 31 December 2022

Notes to the Accounts

5. Fixed Assets
Land and buildings Plant and Machinery Fixtures and Fittings Computer Equipment Total
Cost or valuation £ £ £ £ £
At 01/01/2022 252,000 247,960 417,069 79,766 996,795
Additions - 118,839 212,352 18,908 350,099
Disposals - (25,245) - - (25,245)
At 31/12/2022 252,000 341,554 629,421 98,674 1,321,649
Depreciation
At 01/01/2022 - 104,876 105,537 30,707 241,120
Charge for the year - 87,243 43,121 10,626 140,990
Disposals - (12,455) - - (12,455)
At 31/12/2022 - 179,664 148,658 41,333 369,655
Net Book Value
At 31/12/2022 252,000 161,890 480,763 57,341 951,994
At 31/12/2021 252,000 143,084 311,532 49,059 755,675

THE COCONUT TREE LIMITED

Financial Statements for the period ending 31 December 2022

Notes to the Accounts

6. Debtors
2022 2021
£ £
Trade debtors 22,358 27,647
Prepayment and accrued income 1,256 28,075
23,614 55,722
7. Creditors: amount falling due within one year
2022 2021
£ £
Trade Creditors 88,238 24,407
Other tax and social security 142,894 225,131
Other Creditors - 101,059
Accruals and deferred income 226,285 125,882
457,417 476,479

THE COCONUT TREE LIMITED

Financial Statements for the period ending 31 December 2022

Notes to the Accounts

8. Creditors: amount falling due after one year
2022 2021
£ £
Bank Loans and overdrafts 450,990 330,766
450,990 330,766