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REGISTERED NUMBER: 08706701 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

OUR EATING HOUSE COMPANY LIMITED

OUR EATING HOUSE COMPANY LIMITED (REGISTERED NUMBER: 08706701)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OUR EATING HOUSE COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Ms M Gearing
D Gearing
T J Taylor
M J Taylor





REGISTERED OFFICE: 80 High Street
Worthing
East Sussex
BN11 1DJ





REGISTERED NUMBER: 08706701 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

OUR EATING HOUSE COMPANY LIMITED (REGISTERED NUMBER: 08706701)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 210 556

CURRENT ASSETS
Debtors 4 23,339 23,219
Cash at bank 11,813 9,424
35,152 32,643
CREDITORS
Amounts falling due within one year 5 4,941 7,534
NET CURRENT ASSETS 30,211 25,109
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,421

25,665

CREDITORS
Amounts falling due after more than one
year

6

(5,945

)

(8,327

)

PROVISIONS FOR LIABILITIES (40 ) (139 )
NET ASSETS 24,436 17,199

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 23,436 16,199
24,436 17,199

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

OUR EATING HOUSE COMPANY LIMITED (REGISTERED NUMBER: 08706701)

BALANCE SHEET - continued
28 FEBRUARY 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 7 September 2023 and were signed on its behalf by:




D Gearing - Director Ms M Gearing - Director




M J Taylor - Director T J Taylor - Director


OUR EATING HOUSE COMPANY LIMITED (REGISTERED NUMBER: 08706701)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. 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 represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the year 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 taxation is provided in full on timing differences which represent a liability at the balance sheet date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in financial statements. Deferred tax assets and liabilities are not discounted

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

3. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2022
and 28 February 2023 7,891
DEPRECIATION
At 1 March 2022 7,335
Charge for year 346
At 28 February 2023 7,681
NET BOOK VALUE
At 28 February 2023 210
At 28 February 2022 556

OUR EATING HOUSE COMPANY LIMITED (REGISTERED NUMBER: 08706701)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,060 2,940
Amounts owed by associates 20,279 20,279
23,339 23,219

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,642 2,769
Trade creditors - 3,147
Tax 1,756 1,115
Accrued expenses 543 503
4,941 7,534

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 2,642 2,769
Bank loans - 2-5 years 3,303 5,558
5,945 8,327

7. RELATED PARTY DISCLOSURES

During the year, the company purchased consultancy services to the value of £33,000 from Gearing Management Services Limited. This is a company in which shareholder and director Darren Gearing is the sole shareholder and director. All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand.

As at 28 February 2023, the company owed Portland Freehouse Company Limited £11,717 (2022: £14,682). Of this balance, £1,516 is included within trade debtors. This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

As at 28 February 2023, The Beach House Company Limited owed the company £7,453 (2022: £7,360). Of this balance, £407 is included within trade debtors. This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

As at 28 February 2023, Tap House Shoreham Limited owed the company £1,137 (2022: £1,178). Of this balance, £1,137 is included within trade debtors. This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

8. ULTIMATE CONTROLLING PARTY

Mr D Gearing and Ms M Gearing are the ultimate controlling party by virtue of their 51% holding of the issued share capital.