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COMPANY REGISTRATION NUMBER: 08580515
BAYLEAF RESTAURANT LTD
Filleted Unaudited Financial Statements
31 March 2023
BAYLEAF RESTAURANT LTD
Statement of Financial Position
31 March 2023
31 Mar 23
31 Oct 21
Note
£
£
£
Fixed assets
Tangible assets
5
85,163
88,162
Current assets
Stocks
3,000
3,000
Debtors
6
121,222
Cash at bank and in hand
28,457
110,192
---------
---------
152,679
113,192
Creditors: amounts falling due within one year
7
53,588
34,507
---------
---------
Net current assets
99,091
78,685
---------
---------
Total assets less current liabilities
184,254
166,847
Creditors: amounts falling due after more than one year
8
23,663
47,814
Provisions
Taxation including deferred tax
4,754
---------
---------
Net assets
155,837
119,033
---------
---------
BAYLEAF RESTAURANT LTD
Statement of Financial Position (continued)
31 March 2023
31 Mar 23
31 Oct 21
Note
£
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
155,737
118,933
---------
---------
Shareholders funds
155,837
119,033
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 13 November 2023 , and are signed on behalf of the board by:
Mr T Miah
Director
Company registration number: 08580515
BAYLEAF RESTAURANT LTD
Notes to the Financial Statements
Period from 1 November 2021 to 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 154 Oakleigh Road North, London, N20 0UG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold property
-
6% straight line
Fixtures and fittings
-
20% reducing balance
Improvements
-
6% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 11 (2021: 9 ).
5. Tangible assets
Land and buildings
Fixtures and fittings
Building Improvement
Total
£
£
£
£
Cost
At 1 November 2021
47,368
62,873
103,000
213,241
Additions
13,281
13,281
--------
--------
---------
---------
At 31 March 2023
47,368
76,154
103,000
226,522
--------
--------
---------
---------
Depreciation
At 1 November 2021
28,973
44,879
51,227
125,079
Charge for the period
3,158
6,255
6,867
16,280
--------
--------
---------
---------
At 31 March 2023
32,131
51,134
58,094
141,359
--------
--------
---------
---------
Carrying amount
At 31 March 2023
15,237
25,020
44,906
85,163
--------
--------
---------
---------
At 31 October 2021
18,395
17,994
51,773
88,162
--------
--------
---------
---------
6. Debtors
31 Mar 23
31 Oct 21
£
£
Other debtors
121,222
---------
----
7. Creditors: amounts falling due within one year
31 Mar 23
31 Oct 21
£
£
Bank loans and overdrafts
10,000
Trade creditors
2,439
5,632
Corporation tax
19,137
10,023
Social security and other taxes
20,264
11,944
Other creditors
1,748
6,908
--------
--------
53,588
34,507
--------
--------
8. Creditors: amounts falling due after more than one year
31 Mar 23
31 Oct 21
£
£
Bank loans and overdrafts
23,663
47,190
Amounts owed to group undertakings and undertakings in which the company has a participating interest
624
--------
--------
23,663
47,814
--------
--------
9. Related party transactions
Dividends of £ 14,400 was paid to each of Mr T Miah and Mrs R B Khatun, the directors.
10. Controlling party
The company's parent entity until 21 September 2021 was Hilltop Motors Ltd which was incorporated in the UK with the registered office at 893-895 Green Lanes, London N21 2QP. The directors acquired the shares on that day.