REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 December 2022 to 31 May 2023 |
for |
Kuckoo Ops Knutsford Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 December 2022 to 31 May 2023 |
for |
Kuckoo Ops Knutsford Limited |
Kuckoo Ops Knutsford Limited (Registered number: 10448886) |
Contents of the Financial Statements |
for the Period 1 December 2022 to 31 May 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Kuckoo Ops Knutsford Limited |
Company Information |
for the Period 1 December 2022 to 31 May 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
316 Blackpool Road |
Fulwood |
Preston |
Lancashire |
PR2 3AE |
Kuckoo Ops Knutsford Limited (Registered number: 10448886) |
Statement of Financial Position |
31 May 2023 |
31.5.23 | 30.11.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks | 5 |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The directors acknowledge their 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. |
Kuckoo Ops Knutsford Limited (Registered number: 10448886) |
Statement of Financial Position - continued |
31 May 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Kuckoo Ops Knutsford Limited (Registered number: 10448886) |
Notes to the Financial Statements |
for the Period 1 December 2022 to 31 May 2023 |
1. | STATUTORY INFORMATION |
Kuckoo Ops Knutsford Limited is a |
The principal place of business is 21 Princess Street, Knutsford, Cheshire WA16 6BW |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Kuckoo Ops Knutsford Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
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 |
Long leasehold | - |
Improvements to property | - |
Bar Equipment | - |
Fixtures and fittings | - |
Computer equipment | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Taxation |
Taxation for the period 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 statement of financial position date. |
Kuckoo Ops Knutsford Limited (Registered number: 10448886) |
Notes to the Financial Statements - continued |
for the Period 1 December 2022 to 31 May 2023 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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 period was |
4. | TANGIBLE FIXED ASSETS |
Improvements |
Long | to | Bar |
leasehold | property | Equipment |
£ | £ | £ |
COST |
At 1 December 2022 |
and 31 May 2023 |
DEPRECIATION |
At 1 December 2022 |
Charge for period |
At 31 May 2023 |
NET BOOK VALUE |
At 31 May 2023 |
At 30 November 2022 |
Kuckoo Ops Knutsford Limited (Registered number: 10448886) |
Notes to the Financial Statements - continued |
for the Period 1 December 2022 to 31 May 2023 |
4. | TANGIBLE FIXED ASSETS - continued |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 December 2022 |
and 31 May 2023 |
DEPRECIATION |
At 1 December 2022 |
Charge for period |
At 31 May 2023 |
NET BOOK VALUE |
At 31 May 2023 |
At 30 November 2022 |
5. | STOCKS |
31.5.23 | 30.11.22 |
£ | £ |
Stocks |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.23 | 30.11.22 |
£ | £ |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.23 | 30.11.22 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
Kuckoo Ops Knutsford Limited (Registered number: 10448886) |
Notes to the Financial Statements - continued |
for the Period 1 December 2022 to 31 May 2023 |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.5.23 | 30.11.22 |
£ | £ |
Bank loans |
Other creditors |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 11,111 | 13,889 |
Other loans more 5yrs instal | 9,167 | 10,833 |
20,278 | 24,722 |
9. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
31.5.23 | 30.11.22 |
£ | £ |
Within one year |
Between one and five years |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.5.23 | 30.11.22 |
£ | £ |
Bank loans |
The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from National Westminster Bank PLC in the year. |
11. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.5.23 | 30.11.22 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
Kuckoo Ops Knutsford Limited (Registered number: 10448886) |
Notes to the Financial Statements - continued |
for the Period 1 December 2022 to 31 May 2023 |
12. | RELATED PARTY DISCLOSURES |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
At the period end date the company had loans outstanding totalling £30,688 to a partnership with common control. £25,833 of this loan was at arms length commercial terms with the remaining £4,855 interest free and repayable on demand. |
Also at the period end date the company owed loans £128,917 to individuals with a shareholder interest and their associated companies on arms length commercial terms. The interest charged for the period was £3,750. |
13. | ULTIMATE CONTROLLING PARTY |
The controlling party is Kuckoo Brands Limited. |
The ultimate controlling party is |