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Company Registration No. NI638989 (Northern Ireland)
French Village Patisserie and Brasserie Limited Unaudited accounts for the year ended 31 January 2023
French Village Patisserie and Brasserie Limited Unaudited accounts Contents
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French Village Patisserie and Brasserie Limited Company Information for the year ended 31 January 2023
Directors
Robert Ashley French Amy Elizabeth French
Company Number
NI638989 (Northern Ireland)
Registered Office
32 Montgomery Road Belfast BT6 9HL Northern Ireland
Accountants
Gray + Press Accountants Limited Unit 4A Channel Wharf 21 Old Channel Road Belfast BT3 9DE
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French Village Patisserie and Brasserie Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
127,975 
150,494 
Current assets
Inventories
18,764 
20,367 
Debtors
3,828 
2,005 
Cash at bank and in hand
33,479 
30,340 
56,071 
52,712 
Creditors: amounts falling due within one year
(561,426)
(601,289)
Net current liabilities
(505,355)
(548,577)
Net liabilities
(377,380)
(398,083)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(377,381)
(398,084)
Shareholders' funds
(377,380)
(398,083)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2023 and were signed on its behalf by
Robert Ashley French Director Company Registration No. NI638989
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French Village Patisserie and Brasserie Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
French Village Patisserie and Brasserie Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI638989. The registered office is 32 Montgomery Road, Belfast, BT6 9HL, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Straight Line
Plant & machinery
10% Straight Line
Fixtures & fittings
10% Straight Line
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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French Village Patisserie and Brasserie Limited Notes to the Accounts for the year ended 31 January 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Going concern
Although the balance sheet shows a deficit, the directors have pledged their support for the company and therefore the going concern basis is considered appropriate.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2022
65,149 
176,946 
117,223 
359,318 
Additions
- 
4,300 
9,920 
14,220 
At 31 January 2023
65,149 
181,246 
127,143 
373,538 
Depreciation
At 1 February 2022
39,090 
104,987 
64,747 
208,824 
Charge for the year
6,515 
18,029 
12,195 
36,739 
At 31 January 2023
45,605 
123,016 
76,942 
245,563 
Net book value
At 31 January 2023
19,544 
58,230 
50,201 
127,975 
At 31 January 2022
26,059 
71,959 
52,476 
150,494 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
3,828 
2,005 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
9,879 
(847)
Trade creditors
277,245 
206,533 
Amounts owed to group undertakings and other participating interests
252,167 
372,361 
Taxes and social security
3,111 
2,787 
Other creditors
657 
702 
Loans from directors
- 
4 
Accruals
18,367 
19,749 
561,426 
601,289 
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French Village Patisserie and Brasserie Limited Notes to the Accounts for the year ended 31 January 2023
7
Transactions with related parties
During the financial year, various loan accounts operated between French Village Patisserie and Brasserie Limited and other companies, all of which were under common control. At the end of the financial year a balance of £252,167 was owed by French Village Patisserie and Brasserie Limited to French Village Bakery Ltd (2022 - £372,361). At the end of the financial year the trade creditor balance also included an amount owing of £233,900 by French Village Patisserie and Brasserie Limited to French Village Bakery Ltd.
8
Average number of employees
During the year the average number of employees was 17 (2022: 13).
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