Caseware UK (AP4) 2022.0.179 2022.0.179 2022-10-312022-10-312021-10-20The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2falseNo description of principal activityfalsetrue 13692271 2021-10-19 13692271 2021-10-20 2022-10-31 13692271 2020-10-21 2021-10-19 13692271 2022-10-31 13692271 c:Director1 2021-10-20 2022-10-31 13692271 d:Buildings d:ShortLeaseholdAssets 2021-10-20 2022-10-31 13692271 d:Buildings d:ShortLeaseholdAssets 2022-10-31 13692271 d:CurrentFinancialInstruments 2022-10-31 13692271 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 13692271 d:ShareCapital 2022-10-31 13692271 d:RetainedEarningsAccumulatedLosses 2022-10-31 13692271 c:OrdinaryShareClass1 2021-10-20 2022-10-31 13692271 c:OrdinaryShareClass1 2022-10-31 13692271 c:FRS102 2021-10-20 2022-10-31 13692271 c:AuditExempt-NoAccountantsReport 2021-10-20 2022-10-31 13692271 c:FullAccounts 2021-10-20 2022-10-31 13692271 c:PrivateLimitedCompanyLtd 2021-10-20 2022-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13692271









LANTERN COFFEE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 OCTOBER 2022

 
LANTERN COFFEE LIMITED
REGISTERED NUMBER: 13692271

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2022

2022
Note
£

Fixed assets
  

Tangible assets
 4 
7,376

  
7,376

Current assets
  

Debtors: amounts falling due within one year
 5 
19,657

Cash at bank and in hand
 6 
7,755

  
27,412

Creditors: amounts falling due within one year
 7 
(47,158)

Net current (liabilities)/assets
  
 
 
(19,746)

Total assets less current liabilities
  
(12,370)

  

Net (liabilities)/assets
  
(12,370)


Capital and reserves
  

Called up share capital 
 8 
1

Profit and loss account
  
(12,371)

  
(12,370)


Page 1

 
LANTERN COFFEE LIMITED
REGISTERED NUMBER: 13692271
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2022

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 October 2023.




Z Goodman
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
LANTERN COFFEE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2022

1.


General information

Lantern Coffee Limited is a private company, limited by shares and incorporated in England and Wales. The registered office address is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The company was incorporated on 20th October 2021 and commenced to trade on that date.
The financial statements are presented in Sterling, which is the functional currency of the Company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
LANTERN COFFEE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2022

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
10 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.

Page 4

 
LANTERN COFFEE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2022

4.


Tangible fixed assets





Short-term leasehold property

£



Cost or valuation


Additions
7,851



At 31 October 2022

7,851



Depreciation


Charge for the period on owned assets
475



At 31 October 2022

475



Net book value



At 31 October 2022
7,376


5.


Debtors

2022
£


Prepayments and accrued income
19,657

19,657



6.


Cash and cash equivalents

2022
£

Cash at bank and in hand
7,755

7,755


Page 5

 
LANTERN COFFEE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2022

7.


Creditors: Amounts falling due within one year

2022
£

Trade creditors
4,915

Other creditors
36,151

Accruals and deferred income
6,092

47,158



8.


Share capital

2022
£
Allotted, called up and fully paid


1 ordinary share of £1.00
1


The Company issued 1 Ordinary share of £1.00 at incorporation. 

 
Page 6