QUAGGY CAFÉ AT PARKSIDE LIMITED

Company Registration Number:
10642622 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

QUAGGY CAFÉ AT PARKSIDE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

QUAGGY CAFÉ AT PARKSIDE LIMITED

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Current assets
Stocks:   188
Debtors: 3 1,090 609
Cash at bank and in hand: 29,071 24,249
Total current assets: 30,161 25,046
Creditors: amounts falling due within one year: 4 (149,224) (113,037)
Net current assets (liabilities): (119,063) (87,991)
Total assets less current liabilities: (119,063) (87,991)
Total net assets (liabilities): (119,063) (87,991)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (119,064) (87,992)
Shareholders funds: (119,063) (87,991)

The notes form part of these financial statements

QUAGGY CAFÉ AT PARKSIDE LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 November 2023
and signed on behalf of the board by:

Name: S C Riley
Status: Director

The notes form part of these financial statements

QUAGGY CAFÉ AT PARKSIDE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration receivable for goods and services supplied in the normal course of business.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and annual impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over the useful lives at the rate of 25% per year on a reducing balance basis. The gain or loss arising on the disposal of an assets is determined as the difference between the sale proceeds and the carrying value of the assets and is recognised in the profit and loss account.

Other accounting policies

Financial Instruments - The company has elected to apply the provisions of FRS 102 Section 11 “Basic Financial Instruments” which are measured at amortised cost. The company does not have any other Financial Instruments as defined by FRS 102 Section 12. Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in the profit or loss account immediately together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk. Stocks - Stocks are valued at the lower of cost and net realisable value.Leases - Rentals payable under operating leases, including any lease incentives received, are charged to the profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

QUAGGY CAFÉ AT PARKSIDE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

QUAGGY CAFÉ AT PARKSIDE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

QUAGGY CAFÉ AT PARKSIDE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Creditors: amounts falling due within one year note

Trade creditors - £544 (2022: £nil)Accruals and deferred income - £5,130 (2022: £3,433)Amounts owed to parent charity - £143,550 (2022: £109,605)Total - £149,224 (2022: £113,038)

QUAGGY CAFÉ AT PARKSIDE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Related party transactions

The balance shown as "amounts owed to parent charity" in the Creditors note relates to a loan made by the company's parent. No interest is payable on the loan, which is repayable on demand. The company's ultimate controlling party is the Board of Trustees of its parent, Quaggy Development Trust.