FAT RASCAL HOSPITALITY LIMITED


Director	Jason Allison


Registered Address	C/O The Royal Hotel 27 Main Road
	Bolton Le Sands
	Carnforth
	LA5 8DQ


Registered Number	11983824 (England and Wales)

Balance Sheet as at
30 June 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Tangible assets	5		114,977		107,319
			114,977		107,319
Current assets
Debtors	6	375		7,244
Cash at bank and on hand		332,780		201,468
		333,155		208,712
Creditors amounts falling due within one year	7	(212,217)		(151,241)
Net current assets (liabilities)			120,938		57,471
Total assets less current liabilities			235,915		164,790
Creditors amounts falling due after one year	8		(20,724)		(30,746)
Provisions for liabilities	9		(1,546)		-
Net assets			213,645		134,044
Capital and reserves
Called up share capital			100		100
Profit and loss account			213,545		133,944
Shareholders' funds			213,645		134,044

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Director on 14 September 2023, and are signed on its behalf by:

Jason Allison
Director
Registered Company No. 11983824

FAT RASCAL HOSPITALITY LIMITED

Notes to the Financial Statements
for the year ended 30 June 2023

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Plant and machinery - 15% reducing balance Fixtures and fittings - 15% reducing balance Office equipment - 3 years straight line


	Reducing balance (%)	Straight line (years)
Plant and machinery	15	-
Fixtures and fittings	15	-
Office Equipment	-	3

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Taxation policy
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

4.	Employee information


		2023		2022
	Average number of employees during the year	31		30

5.	Property, plant and equipment

	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 July 22	58,191	66,865	6,107	131,163
Additions	16,339	10,059	565	26,963
At 30 June 23	74,530	76,924	6,672	158,126
Depreciation and impairment
At 01 July 22	9,800	11,296	2,748	23,844
Charge for year	8,101	9,079	2,124	19,304
Other adjustments	-	-	1	1
At 30 June 23	17,901	20,375	4,873	43,149
Net book value
At 30 June 23	56,629	56,549	1,799	114,977
At 30 June 22	48,391	55,569	3,359	107,319

6.	Debtors

	2023	2022
	£	£
Other debtors	375	7,244
Total	375	7,244

7.	Creditors within one year

	2023	2022
	£	£
Trade creditors / trade payables	23,835	13,843
Bank borrowings and overdrafts	9,994	9,747
Taxation and social security	85,207	62,553
Other creditors	91,217	63,239
Accrued liabilities and deferred income	1,964	1,859
Total	212,217	151,241

8.	Creditors after one year

	2023	2022
	£	£
Bank borrowings and overdrafts	20,724	30,746
Total	20,724	30,746

9.	Provisions for liabilities
	Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet.

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive
obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate
can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company
becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the
expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

	2023	2022
	£	£
Net deferred tax liability (asset)	1,546	-
Total	1,546	-