Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312021-10-29false56101 - Licensed restaurants1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13712203 2021-10-28 13712203 2021-10-29 2022-12-31 13712203 2021-01-01 2021-10-28 13712203 2022-12-31 13712203 c:Director1 2021-10-29 2022-12-31 13712203 d:Buildings d:LongLeaseholdAssets 2021-10-29 2022-12-31 13712203 d:Buildings d:ShortLeaseholdAssets 2021-10-29 2022-12-31 13712203 d:Buildings d:ShortLeaseholdAssets 2022-12-31 13712203 d:FurnitureFittings 2021-10-29 2022-12-31 13712203 d:FurnitureFittings 2022-12-31 13712203 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-10-29 2022-12-31 13712203 d:OfficeEquipment 2021-10-29 2022-12-31 13712203 d:OfficeEquipment 2022-12-31 13712203 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-10-29 2022-12-31 13712203 d:OwnedOrFreeholdAssets 2021-10-29 2022-12-31 13712203 d:CurrentFinancialInstruments 2022-12-31 13712203 d:Non-currentFinancialInstruments 2022-12-31 13712203 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13712203 d:ShareCapital 2022-12-31 13712203 d:RetainedEarningsAccumulatedLosses 2022-12-31 13712203 c:OrdinaryShareClass1 2021-10-29 2022-12-31 13712203 c:OrdinaryShareClass1 2022-12-31 13712203 c:FRS102 2021-10-29 2022-12-31 13712203 c:AuditExempt-NoAccountantsReport 2021-10-29 2022-12-31 13712203 c:FullAccounts 2021-10-29 2022-12-31 13712203 c:PrivateLimitedCompanyLtd 2021-10-29 2022-12-31 13712203 d:WithinOneYear 2022-12-31 13712203 d:BetweenOneFiveYears 2022-12-31 13712203 d:MoreThanFiveYears 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13712203









STEINY'S SOHO LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2022

 
STEINY'S SOHO LTD
REGISTERED NUMBER: 13712203

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
Note
£

Fixed assets
  

Tangible assets
 4 
798,196

  
798,196

Current assets
  

Stocks
  
15,172

Debtors: amounts falling due after more than one year
 5 
621,158

Debtors: amounts falling due within one year
 5 
91,924

Cash at bank and in hand
 6 
146,149

  
874,403

Creditors: amounts falling due within one year
 7 
(1,111,445)

Net current (liabilities)/assets
  
 
 
(237,042)

Total assets less current liabilities
  
561,154

  

Net assets
  
561,154


Capital and reserves
  

Called up share capital 
 8 
1

Profit and loss account
  
561,153

  
561,154


Page 1

 
STEINY'S SOHO LTD
REGISTERED NUMBER: 13712203
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 by: 




M Summers
Director

Date: 3 November 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
STEINY'S SOHO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

1.


General information

Steiny's Soho Limited is a private company limited by shares, incorporated in England & Wales (registered number: 13712203) The registered office of the company is 101 New Cavendish Street,1st Floor South, London, W1W 6XH. 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

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results and the solvency of the company. Given that the company is in a net deficit position, the director has obtained assurance from its shareholders to continue to provide adequate funds to meet its obligations and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the director considers it appropriate to prepare the financial statements on a going concern basis.

 
2.3

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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Page 3

 
STEINY'S SOHO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.5

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

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.

Page 4

 
STEINY'S SOHO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Long-term leasehold property
-
Over the term of the lease
Fixtures and fittings
-
20%
Reducing balance
Office equipment
-
20%
Reducing balance

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.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

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.

 
2.10

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.

 
2.11

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.

Page 5

 
STEINY'S SOHO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

4.


Tangible fixed assets





Short-term leasehold property
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


Additions
614,373
221,117
4,131
839,621



At 31 December 2022

614,373
221,117
4,131
839,621



Depreciation


Charge for the period on owned assets
18,627
22,416
382
41,425



At 31 December 2022

18,627
22,416
382
41,425



Net book value



At 31 December 2022
595,746
198,701
3,749
798,196


5.


Debtors

2022
£

Due after more than one year

Deferred tax asset
621,158

621,158


2022
£

Due within one year

Other debtors
61,243

Called up share capital not paid
1

Prepayments and accrued income
30,680

91,924

Page 6

 
STEINY'S SOHO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

6.


Cash and cash equivalents

2022
£

Cash at bank and in hand
146,149

146,149



7.


Creditors: Amounts falling due within one year

2022
£

Other loans
100,000

Trade creditors
268,790

Other taxation and social security
62,145

Other creditors
574,855

Accruals and deferred income
105,655

1,111,445



8.


Share capital

2022
£
Allotted, called up and fully paid


1 Ordinary share of £1.00
1


During the period 1 Ordinary share issued at £1 each at par.


9.


Commitments under operating leases

At 31 December 2022 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2022
£


Not later than 1 year
59,370

Later than 1 year and not later than 5 years
440,000

Later than 5 years
1,530,356

2,029,726

Page 7

 
STEINY'S SOHO LTD
 
 
 Page 8