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REGISTERED NUMBER: 11618413 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

CLARABELLA BARS & EVENTS LTD

CLARABELLA BARS & EVENTS LTD (REGISTERED NUMBER: 11618413)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CLARABELLA BARS & EVENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: Ms C L Adams





REGISTERED OFFICE: 7 St Johns Road
Harrow
Middlesex
HA1 2EY





REGISTERED NUMBER: 11618413 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

CLARABELLA BARS & EVENTS LTD (REGISTERED NUMBER: 11618413)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,743 25,822

CURRENT ASSETS
Stocks 5 - 6,483
Debtors 6 3,500 -
Cash at bank 3,297 3,728
6,797 10,211
CREDITORS
Amounts falling due within one year 7 66,220 75,064
NET CURRENT LIABILITIES (59,423 ) (64,853 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(43,680

)

(39,031

)

CREDITORS
Amounts falling due after more than one year 8 (10,556 ) (24,360 )

PROVISIONS FOR LIABILITIES (2,991 ) (4,906 )
NET LIABILITIES (57,227 ) (68,297 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (57,228 ) (68,298 )
SHAREHOLDERS' FUNDS (57,227 ) (68,297 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 19 October 2023 and were signed by:




Ms C L Adams - Director


CLARABELLA BARS & EVENTS LTD (REGISTERED NUMBER: 11618413)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Clarabella Bars & Events Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. 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.

Going Concern
The financial statements have been prepared on a going concern basis not withstanding the company's net current liabilities position as at the year end. The director and the connected companies have provided the company with an undertaking that they will continue to support financially for the foreseeable future and that they will not seek repayment of the amounts currently owing to them in the twelve months from the date of signing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% reducing balance
Fixtures and fittings - 20% reducing balance
Motor vehicles - 20% reducing balance
Computer equipment - 3 years straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial assets and liabilities are recognized in the company's balance sheet when the company becomes a party to the contractual provisions of the instrument.

Loans and borrowings
Loans and borrowings are measured initially at fair value, net of transactions costs and are measured subsequently at amortised cost using the effective interest method.

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.


CLARABELLA BARS & EVENTS LTD (REGISTERED NUMBER: 11618413)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2022 12,429 1,525 36,479 710 51,143
Disposals (12,000 ) - - - (12,000 )
At 31 January 2023 429 1,525 36,479 710 39,143
DEPRECIATION
At 1 February 2022 6,065 744 17,802 710 25,321
Charge for year 3,673 156 3,735 - 7,564
Eliminated on disposal (9,485 ) - - - (9,485 )
At 31 January 2023 253 900 21,537 710 23,400
NET BOOK VALUE
At 31 January 2023 176 625 14,942 - 15,743
At 31 January 2022 6,364 781 18,677 - 25,822

CLARABELLA BARS & EVENTS LTD (REGISTERED NUMBER: 11618413)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:
Motor
vehicles
£   
COST
At 1 February 2022
and 31 January 2023 36,479
DEPRECIATION
At 1 February 2022 17,802
Charge for year 3,735
At 31 January 2023 21,537
NET BOOK VALUE
At 31 January 2023 14,942
At 31 January 2022 18,677

5. STOCKS
2023 2022
£    £   
Finished goods - 6,483

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3,500 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 1,667 1,500
Finance leases (see note 10) 12,420 5,378
Trade creditors - 1,498
Amounts owed to connected companies - 6,641
Other creditors 52,133 60,047
66,220 75,064

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 9) 10,556 12,375
Finance leases (see note 10) - 11,985
10,556 24,360

CLARABELLA BARS & EVENTS LTD (REGISTERED NUMBER: 11618413)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank Loans due after more than
5 years 3,889 6,375
3,889 6,375

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 1,667 1,500

Amounts falling due between one and two years:
Bank loans - 1-2 years 1,667 1,500

Amounts falling due between two and five years:
Bank loans - 2-5 years 5,000 4,500

Amounts falling due in more than five years:

Repayable by instalments
Bank Loans due after more than
5 years 3,889 6,375
3,889 6,375

10. LEASING AGREEMENTS

Minimum lease payments under finance leases fall due as follows:

Finance leases
2023 2022
£    £   
Net obligations repayable:
Within one year 12,420 5,378
Between one and five years - 11,985
12,420 17,363

11. RELATED PARTY DISCLOSURES

Included in creditors as at the balance sheet date is £36,567 (2022: £35,307), an amount due to the director of the company. There are no specific terms of repayment.