IRIS Accounts Production v23.2.0.158 03901334 director 1.2.22 31.1.23 31.1.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure039013342022-01-31039013342023-01-31039013342022-02-012023-01-31039013342021-01-31039013342021-02-012022-01-31039013342022-01-3103901334ns16:EnglandWales2022-02-012023-01-3103901334ns15:PoundSterling2022-02-012023-01-3103901334ns11:Director12022-02-012023-01-3103901334ns11:PrivateLimitedCompanyLtd2022-02-012023-01-3103901334ns11:SmallEntities2022-02-012023-01-3103901334ns11:AuditExempt-NoAccountantsReport2022-02-012023-01-3103901334ns11:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3103901334ns11:SmallCompaniesRegimeForAccounts2022-02-012023-01-3103901334ns11:FullAccounts2022-02-012023-01-3103901334ns11:CompanySecretary12022-02-012023-01-3103901334ns11:RegisteredOffice2022-02-012023-01-3103901334ns6:CurrentFinancialInstruments2023-01-3103901334ns6:CurrentFinancialInstruments2022-01-3103901334ns6:Non-currentFinancialInstruments2023-01-3103901334ns6:Non-currentFinancialInstruments2022-01-3103901334ns6:ShareCapital2023-01-3103901334ns6:ShareCapital2022-01-3103901334ns6:RetainedEarningsAccumulatedLosses2023-01-3103901334ns6:RetainedEarningsAccumulatedLosses2022-01-3103901334ns6:LandBuildings2022-01-3103901334ns6:LandBuildings2023-01-3103901334ns6:LandBuildings2022-01-3103901334ns6:WithinOneYearns6:CurrentFinancialInstruments2023-01-3103901334ns6:WithinOneYearns6:CurrentFinancialInstruments2022-01-3103901334ns6:Secured2023-01-3103901334ns6:Secured2022-01-31
REGISTERED NUMBER: 03901334 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2023

FOR

LA BODEGA TAPAS LTD

LA BODEGA TAPAS LTD (REGISTERED NUMBER: 03901334)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LA BODEGA TAPAS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2023







DIRECTOR: Mr J Gil-Rios





SECRETARY: Commercial Secretariat Limited





REGISTERED OFFICE: Mercury House
19/21 Chapel Street
Marlow
Bucks
SL7 3HN





REGISTERED NUMBER: 03901334 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

LA BODEGA TAPAS LTD (REGISTERED NUMBER: 03901334)

BALANCE SHEET
31ST JANUARY 2023

31.1.23 31.1.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 1,120,000 1,120,000
Investment property 5 3,203,920 3,203,920
4,323,920 4,323,920

CURRENT ASSETS
Debtors 6 55,981 73,529
Cash at bank 106,788 204,299
162,769 277,828
CREDITORS
Amounts falling due within one year 7 332,359 1,107,395
NET CURRENT LIABILITIES (169,590 ) (829,567 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,154,330

3,494,353

CREDITORS
Amounts falling due after more than one
year

8

(733,053

)

(95,224

)

PROVISIONS FOR LIABILITIES (210,110 ) (210,110 )
NET ASSETS 3,211,167 3,189,019

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 3,211,166 3,189,018
SHAREHOLDERS' FUNDS 3,211,167 3,189,019

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

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

The director acknowledges his 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.

LA BODEGA TAPAS LTD (REGISTERED NUMBER: 03901334)

BALANCE SHEET - continued
31ST JANUARY 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 director and authorised for issue on 20th October 2023 and were signed by:





Mr J Gil-Rios - Director


LA BODEGA TAPAS LTD (REGISTERED NUMBER: 03901334)

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

1. STATUTORY INFORMATION

La Bodega Tapas 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover consists of income from the letting of restaurants and the letting of rooms, and 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.

Depreciation is provided on the freehold property based on the difference between book value and estimated residual value, charged over the estimated useful life of the property. The directors are of the opinion that, having regard to estimated residual values and the estimated useful economic life, any depreciation involved, either annual or cumulative, would not be material. The property is subject to an annual impairment review.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£
COST
At 1st February 2022
and 31st January 2023 1,120,000
NET BOOK VALUE
At 31st January 2023 1,120,000
At 31st January 2022 1,120,000

LA BODEGA TAPAS LTD (REGISTERED NUMBER: 03901334)

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

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1st February 2022
and 31st January 2023 3,203,920
NET BOOK VALUE
At 31st January 2023 3,203,920
At 31st January 2022 3,203,920

40% of one of the properties relates to the part of a freehold building occupied by the company and used as a boutique hotel and is shown under freehold property in tangible fixed assets. The remaining 60% is included under investment property and relates to the rest of the property which is leased to a tenant and who operates a restaurant business form that part of the building.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£ £
Trade debtors 48,702 62,302
Other debtors 7,279 11,227
55,981 73,529

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£ £
Bank loans and overdrafts 131,549 859,403
Trade creditors 2,505 2,771
Taxation and social security 58,159 96,655
Other creditors 140,146 148,566
332,359 1,107,395

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.23 31.1.22
£ £
Bank loans 733,053 95,224

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£ £
Bank loans 864,602 954,627

The bank loans are secured by a charge over the freehold properties.