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Registration number: 11688927

Bar Uzo Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2023

 

Bar Uzo Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

Bar Uzo Limited

Company Information

Director

Mr P Oxinou

Registered office

6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

Accountants

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Bar Uzo Limited
for the Year Ended 31 May 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bar Uzo Limited for the year ended 31 May 2023 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Bar Uzo Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Bar Uzo Limited and state those matters that we have agreed to state to the Board of Directors of Bar Uzo Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bar Uzo Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Bar Uzo Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Bar Uzo Limited. You consider that Bar Uzo Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Bar Uzo Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

26 October 2023

 

Bar Uzo Limited

(Registration number: 11688927)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

70,102

73,954

Current assets

 

Debtors

5

33,032

33,032

Cash at bank and in hand

 

1,925

1,605

 

34,957

34,637

Creditors: Amounts falling due within one year

6

(94,929)

(92,369)

Net current liabilities

 

(59,972)

(57,732)

Total assets less current liabilities

 

10,130

16,222

Creditors: Amounts falling due after more than one year

6

(4,398)

(6,597)

Net assets

 

5,732

9,625

Capital and reserves

 

Called up share capital

100

100

Retained earnings

5,632

9,525

Shareholders' funds

 

5,732

9,625

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 26 October 2023
 

.........................................

Mr P Oxinou

Director

 

Bar Uzo Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH
United Kingdom

The principal place of business is:
48 Southside Street
Plymouth
Devon
PL1 2JT
United Kingdom

These financial statements were authorised for issue by the director on 26 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received from short term rentals of holiday accomodation in the ordinary course of the company’s activities of running a rental accomodation. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue at the point of sale of services.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Bar Uzo Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Property improvements

2% straight line

Office equipment

33% straight line

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Tangible assets

Property Improvements
£

Office Equipment
£

Total
£

Cost or valuation

At 1 June 2022

66,639

10,342

76,981

Disposals

(1,175)

-

(1,175)

At 31 May 2023

65,464

10,342

75,806

Depreciation

At 1 June 2022

1,329

1,698

3,027

Charge for the year

1,309

1,392

2,701

Eliminated on disposal

(24)

-

(24)

At 31 May 2023

2,614

3,090

5,704

Carrying amount

At 31 May 2023

62,850

7,252

70,102

At 31 May 2022

65,310

8,644

73,954

Included within the net book value of property improvements above is £Nil (2022 - £Nil) in respect of freehold land and buildings and £62,849 (2022 - £65,310) in respect of long leasehold land and buildings.
 

 

Bar Uzo Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

5

Debtors

2023
£

2022
£

Other debtors

33,032

33,032

33,032

33,032

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

2,184

2,184

Trade creditors

 

175

4,399

Taxation and social security

 

-

94

Accruals and deferred income

 

2,238

2,165

Other creditors

 

90,332

83,527

 

94,929

92,369

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

4,398

6,597