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Company Registration No. 08570350 (England and Wales)
The London Cabaret Club Limited Unaudited accounts for the year ended 30 June 2023
The London Cabaret Club Limited Unaudited accounts Contents
Page
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The London Cabaret Club Limited Company Information for the year ended 30 June 2023
Directors
Evelina Girling Doni Fierro
Company Number
08570350 (England and Wales)
Registered Office
The Bloomsbury Ballroom Victoria House Bloomsbury Square London WC1B 4DA
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The London Cabaret Club Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
634,873 
706,105 
Current assets
Debtors
147,318 
606,051 
Cash at bank and in hand
55,847 
70,879 
203,165 
676,930 
Creditors: amounts falling due within one year
(1,343,428)
(1,746,000)
Net current liabilities
(1,140,263)
(1,069,070)
Net liabilities
(505,390)
(362,965)
Capital and reserves
Called up share capital
10,057,412 
10,057,412 
Profit and loss account
(10,562,802)
(10,420,377)
Shareholders' funds
(505,390)
(362,965)
For the year ending 30 June 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 6 November 2023 and were signed on its behalf by
Evelina Girling Director Company Registration No. 08570350
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The London Cabaret Club Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
The London Cabaret Club Limited is a private company, limited by shares, registered in England and Wales, registration number 08570350. The registered office is The Bloomsbury Ballroom Victoria House, Bloomsbury Square , London, WC1B 4DA.
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.
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
Straight line over the period of lease
Fixtures & fittings
Straight line over 5 years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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The London Cabaret Club Limited Notes to the Accounts for the year ended 30 June 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
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company in foreseeable future.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2022
14,249 
At 30 June 2023
14,249 
Amortisation
At 1 July 2022
14,249 
At 30 June 2023
14,249 
Net book value
At 30 June 2023
- 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2022
1,319,526 
189,118 
112,007 
1,620,651 
At 30 June 2023
1,319,526 
189,118 
112,007 
1,620,651 
Depreciation
At 1 July 2022
640,881 
189,118 
84,547 
914,546 
Charge for the year
60,038 
- 
11,194 
71,232 
At 30 June 2023
700,919 
189,118 
95,741 
985,778 
Net book value
At 30 June 2023
618,607 
- 
16,266 
634,873 
At 30 June 2022
678,645 
- 
27,460 
706,105 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
60,284 
132,942 
Accrued income and prepayments
10,353 
136,460 
Other debtors
76,681 
336,649 
147,318 
606,051 
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The London Cabaret Club Limited Notes to the Accounts for the year ended 30 June 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
210,696 
314,761 
Trade creditors
216,788 
820,702 
Taxes and social security
(920,914)
75,428 
Other creditors
216,976 
55,674 
Loans from directors
1,616,532 
477,235 
Accruals
2,200 
2,200 
Deferred income
1,150 
- 
1,343,428 
1,746,000 
8
Average number of employees
During the year the average number of employees was 20 (2022: 10).
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