Company Registration No. 11911318 (England and Wales)
THE BLACKBIRD CAFE (EYCT) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
THE BLACKBIRD CAFE (EYCT) LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
THE BLACKBIRD CAFE (EYCT) LTD
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
1
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
1,407
1,690
Cash at bank and in hand
10,343
7,765
11,750
9,455
Creditors: amounts falling due within one year
4
(24,385)
(9,983)
Net current liabilities
(12,635)
(528)
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
(12,735)
(628)
Total equity
(12,635)
(528)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

THE BLACKBIRD CAFE (EYCT) LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2023
31 March 2023
2
The financial statements were approved by the board of directors and authorised for issue on 7 November 2023 and are signed on its behalf by:
S Barratt
Director
Company Registration No. 11911318
THE BLACKBIRD CAFE (EYCT) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
3
1
Accounting policies
Company information

The Blackbird Cafe (EYCT) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Pavilion on the Park, 1 Kingfisher Road, Eastleigh, Hampshire, SO50 9LH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The losses made by the company since it reopened have resulted in a balance sheet deficit of £12,635. The directors have received assurance that the company’s parent company will provide the short-term funding required to invest in the company’s future and to meet its obligations as they fall due for a period of at least one year from the approval date of these accounts. While the parent company does highlight some uncertainty about longer-term sustainability, it has plans to address this and has stated in its accounts that there are no material uncertainties about its ability to continue for the next 12 months. The directors have therefore prepared these accounts on a going concern basis.true

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable, net of VAT, for goods and services provided in the normal course of business.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

THE BLACKBIRD CAFE (EYCT) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies (Continued)
4
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

THE BLACKBIRD CAFE (EYCT) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies (Continued)
5
1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 6 (2022: 3).

3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Corporation tax recoverable
168
168
Other debtors
251
1,027
Prepayments and accrued income
988
495
1,407
1,690
THE BLACKBIRD CAFE (EYCT) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
6
4
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts due to parent charity
13,228
3,244
Trade creditors
3,085
2,078
Taxation and social security
795
891
VAT
3,389
-
0
Other creditors
244
213
Accruals and deferred income
3,644
3,557
24,385
9,983
5
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary shares of £1 each
100
100
6
Related party transactions

Eastleigh Youth and Community Trust (company number: 08576533, charity number: 1154430) owns 100% of the share capital of the company.

 

At the balance sheet date an amount of £13,228 (2022: £3,244), included within creditors, was owed to Eastleigh Youth and Community Trust.

2023-03-312022-04-01false07 November 2023CCH SoftwareCCH Accounts Production 2023.100No description of principal activityS BarrattS EverettD RobinsonC CraneMs E Golby-Kirk119113182022-04-012023-03-31119113182023-03-31119113182022-03-3111911318core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3111911318core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-3111911318core:CurrentFinancialInstruments2023-03-3111911318core:CurrentFinancialInstruments2022-03-3111911318core:ShareCapital2023-03-3111911318core:ShareCapital2022-03-3111911318core:RetainedEarningsAccumulatedLosses2023-03-3111911318core:RetainedEarningsAccumulatedLosses2022-03-3111911318bus:Director12022-04-012023-03-31119113182021-04-012022-03-3111911318bus:PrivateLimitedCompanyLtd2022-04-012023-03-3111911318bus:SmallCompaniesRegimeForAccounts2022-04-012023-03-3111911318bus:FRS1022022-04-012023-03-3111911318bus:AuditExemptWithAccountantsReport2022-04-012023-03-3111911318bus:Director22022-04-012023-03-3111911318bus:Director32022-04-012023-03-3111911318bus:Director42022-04-012023-03-3111911318bus:Director52022-04-012023-03-3111911318bus:FullAccounts2022-04-012023-03-31xbrli:purexbrli:sharesiso4217:GBP