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REGISTERED NUMBER: 10852542 (England and Wales)















Financial Statements for the Year Ended 30 June 2023

for

STANDARD QUAY TEAROOM LTD

STANDARD QUAY TEAROOM LTD (Registered number: 10852542)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STANDARD QUAY TEAROOM LTD

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mrs K J Williams





REGISTERED OFFICE: Mindora Heights Mill Lane
Harbledown
Canterbury
Kent
CT2 8NG





REGISTERED NUMBER: 10852542 (England and Wales)





ACCOUNTANTS: A.K & Co (Accountancy Services) Ltd
19 Victoria Terrace
Hove
East Sussex
BN3 2WB

STANDARD QUAY TEAROOM LTD (Registered number: 10852542)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,385 11,247

CURRENT ASSETS
Debtors 5 2,187 100,569
Cash at bank 149,392 63,642
151,579 164,211
CREDITORS
Amounts falling due within one year 6 24,963 38,775
NET CURRENT ASSETS 126,616 125,436
TOTAL ASSETS LESS CURRENT
LIABILITIES

137,001

136,683

CREDITORS
Amounts falling due after more than one
year

7

(29,906

)

(40,266

)

PROVISIONS FOR LIABILITIES (1,973 ) (2,137 )
NET ASSETS 105,122 94,280

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 105,022 94,180
SHAREHOLDERS' FUNDS 105,122 94,280

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

STANDARD QUAY TEAROOM LTD (Registered number: 10852542)

Balance Sheet - continued
30 June 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 13 November 2023 and were signed by:





Mrs K J Williams - Director


STANDARD QUAY TEAROOM LTD (Registered number: 10852542)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

STANDARD QUAY TEAROOM 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.

Turnover
Turnover 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.
Fixtures and fittings - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 13 (2022 - 12 ) .

STANDARD QUAY TEAROOM LTD (Registered number: 10852542)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 51,617
Additions 1,566
At 30 June 2023 53,183
DEPRECIATION
At 1 July 2022 40,370
Charge for year 2,428
At 30 June 2023 42,798
NET BOOK VALUE
At 30 June 2023 10,385
At 30 June 2022 11,247

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 893 -
Other debtors - 65
Faversham Furniture Barn - 19,487
Creekside Developments Ltd - 80,133
Papa Bianco 714 163
Prepayments 580 721
2,187 100,569

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,453 4,622
Tax 3,237 6,333
Social security and other taxes 801 1,047
VAT 12,386 9,913
The Red Lion - 1,187
Kent Properties Limited - (7,866 )
Quayside Developments Ltd 715 22,631
Nova (Kent) Limited 238 -
Directors' current accounts 568 568
Accruals and deferred income 565 340
24,963 38,775

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bounce back loan 29,906 40,266

STANDARD QUAY TEAROOM LTD (Registered number: 10852542)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

During the year the company received loans from other companies controlled by Mrs K J White, the sole director of the company and other businesses controlled by other family members. During the year the following amounts were advanced and were owed to/(from) those companies at the year-end:

Papa Bianco Ltd - £714 (2022: £163)
Faversham Furniture Barn - £0 (2022:£19,487)
Creekside Developments Limited - £0 (2022: £80,133)
The Red Lion - £0 (202: £1,331)
Kent Properties Limited - £0 (2022: £7,866)
Quayside Developments Limited - £-715 (2022: £22,631)

The loans are interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs K J Williams.