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REGISTERED NUMBER: 02105075 (England and Wales)















The River Cafe Limited

Strategic Report, Directors' Report and

Audited Financial Statements

for the Year Ended 30 April 2023






The River Cafe Limited (Registered number: 02105075)

Contents of the Financial Statements
for the year ended 30 April 2023










Page

Company Information 1

Strategic Report 2

Directors' Report 3

Independent Auditors' Report 4

Income Statement 7

Other Comprehensive Income 8

Balance Sheet 9

Statement of Changes in Equity 10

Cash Flow Statement 11

Notes to the Financial Statements 12


The River Cafe Limited

Company Information
for the year ended 30 April 2023







Directors: Lady R Rogers
Mr R E Rogers





Registered office: Thames Wharf Studios
Rainville Road
Hammersmith
London
W6 9HA





Registered number: 02105075 (England and Wales)





Auditors: Cooper Parry Group Limited
Statutory Auditor
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

The River Cafe Limited (Registered number: 02105075)

Strategic Report
for the year ended 30 April 2023


The directors present their strategic report for the year ended 30 April 2023.

Review of business
Revenue grew by 5% and margins remained consistent. Overheads however increased principally rent & utilities which undermined what otherwise would have been a very profitable year.


Financial Key Performance Indicators
The key performance indicators that are monitored are forward bookings, food & wine margins which are expected to be above 70%, the daily turnover, the number of covers and the spend per head.


Explanation of extraordinary amounts
Director's remuneration increased from £333,333 to £660,840 but this included arrears. Director's remuneration is now £500k per annum. Rent & Services increased from £231,712 to £406,316 because of the additional space most of which is revenue producing. Light & Heat increased from £130,708 to £209,959 because of the surge in energy prices.

On behalf of the board:





Lady R Rogers - Director


2 February 2024

The River Cafe Limited (Registered number: 02105075)

Directors' Report
for the year ended 30 April 2023


The directors present their report with the financial statements of the company for the year ended 30 April 2023.

Principal activity
The principal activity of the company continued to be that of restauranteurs.

Dividends
No dividends will be distributed for the year ended 30 April 2023.

Directors
The directors shown below have held office during the whole of the period from 1 May 2022 to the date of this report.

Lady R Rogers
Mr R E Rogers

Charitable donations
During the year the company made charitable donations of £20,922 (2022 - £19,123 ).

Directors' responsibilities statement
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement as to disclosure of information to auditors
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Auditors
The auditors, Cooper Parry Group Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting. The audit business of Haines Watts London LLP was acquired by Cooper Parry Group Limited on 14 November 2023. Haines Watts London LLP has resigned as auditor and Cooper Parry Group Limited has been appointed in its place.

On behalf of the board:





Lady R Rogers - Director


2 February 2024

Independent Auditors' Report to the Members of
The River Cafe Limited


Opinion
We have audited the financial statements of The River Cafe Limited (the 'company') for the year ended 30 April 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 April 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Matters
The financial statement of The River Café Limited for year ending 30 April 2022 were unaudited.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Directors' Report, but does not include the financial statements and our Auditors' Report thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.

Independent Auditors' Report to the Members of
The River Cafe Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Directors' Responsibilities Statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Independent Auditors' Report to the Members of
The River Cafe Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the Company and the industry in which it operates, and considered the risk of acts by the Company that were contrary to applicable laws and regulations, including fraud. We discussed with the directors the policies and procedures in place regarding compliance with laws and regulations. We discussed amongst the audit team the identified laws and regulations, and remained alert to any indications of non-compliance.

During the audit we focused on laws and regulations which could reasonably be expected to give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management.

Our procedures in relation to fraud included but were not limited to: inquires of management whether they have any knowledge of any actual, suspected or alleged fraud, and discussions amongst the audit team regarding risk of fraud such as opportunities for fraudulent manipulation of financial statements. We determined that the principal risks related to posting manual journal entries to manipulate financial performance and management bias through judgements in accounting estimates. We also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud. Our tests include agreeing the financial statement disclosures to underlying supporting documentation.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. In assessing the potential risks of material misstatement we obtained an understanding of; the entities operations, including the nature of its revenue sources and services and of its objectives and strategies to understand the classes of transactions, account balances, expected financial statement disclosures and business risks that may result in risks of material misstatement. We did not identify any matters relating to non-compliance with laws and regulations relating to fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Nicola Pearson (Senior Statutory Auditor)
for and on behalf of Cooper Parry Group Limited
Statutory Auditor
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

5 February 2024

The River Cafe Limited (Registered number: 02105075)

Income Statement
for the year ended 30 April 2023

2023 2022
Notes £ £

Turnover 12,678,688 12,085,933

Cost of sales (9,320,146 ) (9,104,201 )
Gross profit 3,358,542 2,981,732

Distribution costs (58,340 ) (82,512 )
Administrative expenses (3,300,286 ) (2,422,289 )
(84 ) 476,931

Other operating income 44,959 19,308
Operating profit 44,875 496,239

Interest receivable and similar income - 21,827
44,875 518,066

Interest payable and similar expenses 4 - (678 )
Profit before taxation 5 44,875 517,388

Tax on profit 6 32,106 (101,547 )
Profit for the financial year 76,981 415,841

The River Cafe Limited (Registered number: 02105075)

Other Comprehensive Income
for the year ended 30 April 2023

2023 2022
Notes £ £

Profit for the year 76,981 415,841


Other comprehensive income - -
Total comprehensive income for the year 76,981 415,841

The River Cafe Limited (Registered number: 02105075)

Balance Sheet
30 April 2023

2023 2022
Notes £ £ £ £
Fixed assets
Intangible assets 8 - -
Tangible assets 9 247,902 200,602
247,902 200,602

Current assets
Stocks 10 448,902 433,882
Debtors 11 1,127,881 1,645,198
Cash at bank 1,440,609 1,353,339
3,017,392 3,432,419
Creditors
Amounts falling due within one year 12 3,083,893 3,525,115
Net current liabilities (66,501 ) (92,696 )
Total assets less current liabilities 181,401 107,906

Creditors
Amounts falling due after more than one
year

13

12,973

16,459
Net assets 168,428 91,447

Capital and reserves
Called up share capital 16 575 575
Capital redemption reserve 17 425 425
Retained earnings 17 167,428 90,447
Shareholders' funds 168,428 91,447

The financial statements were approved by the Board of Directors and authorised for issue on 2 February 2024 and were signed on its behalf by:





Lady R Rogers - Director


The River Cafe Limited (Registered number: 02105075)

Statement of Changes in Equity
for the year ended 30 April 2023

Called up Capital
share Retained redemption Total
capital earnings reserve equity
£ £ £ £
Balance at 1 May 2021 575 74,606 425 75,606

Changes in equity
Dividends - (400,000 ) - (400,000 )
Total comprehensive income - 415,841 - 415,841
Balance at 30 April 2022 575 90,447 425 91,447

Changes in equity
Total comprehensive income - 76,981 - 76,981
Balance at 30 April 2023 575 167,428 425 168,428

The River Cafe Limited (Registered number: 02105075)

Cash Flow Statement
for the year ended 30 April 2023

2023 2022
Notes £ £
Cash flows from operating activities
Cash generated from operations 20 (206,516 ) 852,655
Interest element of hire purchase payments
paid

-

(678

)
Tax accrued 292,080 (33,968 )
Net cash from operating activities 85,564 818,009

Cash flows from investing activities
Purchase of tangible fixed assets (164,056 ) (111,089 )
Interest received - 21,827
Net cash from investing activities (164,056 ) (89,262 )

Cash flows from financing activities
Loan repayments in year (291,667 ) (458,333 )
Amount introduced by directors 1,000,001 -
Amount withdrawn by directors (542,572 ) (667,951 )
Equity dividends paid - (400,000 )
Net cash from financing activities 165,762 (1,526,284 )

Increase/(decrease) in cash and cash equivalents 87,270 (797,537 )
Cash and cash equivalents at beginning
of year

21

1,353,339

2,150,876

Cash and cash equivalents at end of year 21 1,440,609 1,353,339

The River Cafe Limited (Registered number: 02105075)

Notes to the Financial Statements
for the year ended 30 April 2023


1. Statutory information

The River Cafe Limited 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

Depreciation
The company's tangible assets are depreciated on a straight line basis over their useful economic lives. Management reviews the appropriateness of assets' useful economic lives at least annually and any changes could affect the prospective depreciation rates and asset carrying values.

Amortisation
Intangible assets are at cost less accumulated amortisation. Amortisation is charged on a straight line basis over the estimated economic life of the assets.

Turnover
Turnover represents amounts receivable for restaurant services provided and is stated net of Value Added Tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

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 - 25% on cost
Motor vehicles - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

The River Cafe Limited (Registered number: 02105075)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


2. Accounting policies - continued

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.

Hire purchase and leasing commitments
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. All other leases are classified as operating leases. At the balance sheet date all leases are classified as operating leases.

Rentals payable under operating leases are charged to profit or loss on a straight-line basis over the term of the relevant lease. Benefits received and receivable as an incentive to enter into an operating lease are also spread on a straight line basis over the lease term.

Going concern
The Directors have considered the working capital requirements of the Company. The Directors believe that the company has adequate financial resources to continue in operational existence for the foreseeable future and meet its liabilities and obligations as they fall due for the next twelve months Therefore, the financial statements have been prepared on a going concern basis of accounting.

3. Employees and directors
2023 2022
£ £
Wages and salaries 6,309,461 5,876,051
Social security costs 665,742 587,187
Other pension costs 111,294 137,157
7,086,497 6,600,395

The average number of employees during the year was as follows:
2023 2022

Average Number of Employees 155 147


The River Cafe Limited (Registered number: 02105075)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


4. Interest payable and similar expenses
2023 2022
£ £
Hire purchase - 678

5. Profit before taxation

The profit is stated after charging:

2023 2022
£ £
Depreciation - owned assets 116,756 100,403

6. Taxation

Analysis of the tax (credit)/charge
The tax (credit)/charge on the profit for the year was as follows:
2023 2022
£ £
Current tax:
UK corporation tax (12,682 ) 89,284

Deferred tax (19,424 ) 12,263
Tax on profit (32,106 ) 101,547

Reconciliation of total tax (credit)/charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2023 2022
£ £
Profit before tax 44,875 517,388
Profit multiplied by the standard rate of corporation tax in the UK of 19%
(2022 - 19%)

8,526

98,304

Effects of:
Expenses not deductible for tax purposes 17,347 242
Capital allowances in excess of depreciation - (9,775 )
Depreciation in excess of capital allowances 12,378 -
Adjustments to tax charge in respect of previous periods - 513
Adjustment for tax rate increase 9,663 -
Deferred tax movement (19,424 ) 12,263
S455 and other (60,596 ) -
Total tax (credit)/charge (32,106 ) 101,547

7. Dividends
2023 2022
£ £
Ordinary interim paid - 400,000

The River Cafe Limited (Registered number: 02105075)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


8. Intangible fixed assets
Development
costs
£
Cost
At 1 May 2022
and 30 April 2023 29,005
Amortisation
At 1 May 2022
and 30 April 2023 29,005
Net book value
At 30 April 2023 -
At 30 April 2022 -

9. Tangible fixed assets
Fixtures
and Motor
fittings vehicles Totals
£ £ £
Cost
At 1 May 2022 551,613 30,011 581,624
Additions 164,056 - 164,056
At 30 April 2023 715,669 30,011 745,680
Depreciation
At 1 May 2022 375,020 6,002 381,022
Charge for year 110,754 6,002 116,756
At 30 April 2023 485,774 12,004 497,778
Net book value
At 30 April 2023 229,895 18,007 247,902
At 30 April 2022 176,593 24,009 200,602

10. Stocks
2023 2022
£ £
Stocks 448,902 433,882

11. Debtors
2023 2022
£ £
Amounts falling due within one year:
Trade debtors 38,731 51,673
Other debtors 78,508 14,223
Other debtor - s455 323,158 411,764
Directors' current accounts 549,636 1,007,065
Deferred tax asset 40,989 21,565
Prepayments and accrued income 84,647 128,683
1,115,669 1,634,973

The River Cafe Limited (Registered number: 02105075)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


11. Debtors - continued
2023 2022
£ £
Amounts falling due after more than one year:
Other debtors 12,212 10,225

Aggregate amounts 1,127,881 1,645,198

12. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts (see note 14) - 291,667
Hire purchase contracts (see note 15) 3,486 3,486
Trade creditors 577,599 1,259,834
Tax 294,581 413,063
Social security and other taxes 190,518 507,406
VAT 468,818 281,849
Other creditors 1,039,516 402,088
Accruals and deferred income 509,375 365,722
3,083,893 3,525,115

13. Creditors: amounts falling due after more than one year
2023 2022
£ £
Hire purchase contracts (see note 15) 12,973 16,459

14. Loans

An analysis of the maturity of loans is given below:

2023 2022
£ £
Amounts falling due within one year or on demand:
Bank loans - 291,667

15. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£ £
Net obligations repayable:
Within one year 3,486 3,486
Between one and five years 12,973 16,459
16,459 19,945

The River Cafe Limited (Registered number: 02105075)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


15. Leasing agreements - continued

Non-cancellable
operating leases
2023 2022
£ £
Within one year 237,000 218,000
Between one and five years 1,188,000 872,000
In more than five years 36,000 896,000
1,461,000 1,986,000

16. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
575 Ordinary £1 575 575

17. Reserves
Capital
Retained redemption
earnings reserve Totals
£ £ £

At 1 May 2022 90,447 425 90,872
Profit for the year 76,981 76,981
At 30 April 2023 167,428 425 167,853

18. Related party disclosures

During the year the company made loans and advances to the director. At the year end the director owed the company £549,636 (2022: £1,028,891).

19. Control

The ultimate controlling party is the director.

20. Reconciliation of profit for the financial year to cash generated from operations
2023 2022
£ £
Profit for the financial year 76,981 415,841
Depreciation charges 116,756 100,405
Deferred tax movement (19,424 ) (33,831 )
Prior year tax adjustment (378,455 ) -
Finance costs - 678
Finance income - (21,827 )
Taxation (32,106 ) 101,547
(236,248 ) 562,813
Increase in stocks (15,020 ) (55,456 )
Decrease/(increase) in trade and other debtors 79,313 (225,073 )
(Decrease)/increase in trade and other creditors (34,561 ) 570,371
Cash generated from operations (206,516 ) 852,655

The River Cafe Limited (Registered number: 02105075)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


21. Cash and cash equivalents

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 April 2023
30/4/23 1/5/22
£ £
Cash and cash equivalents 1,440,609 1,353,339
Year ended 30 April 2022
30/4/22 1/5/21
£ £
Cash and cash equivalents 1,353,339 2,150,876


22. Analysis of changes in net funds

At 1/5/22 Cash flow At 30/4/23
£ £ £
Net cash
Cash at bank 1,353,339 87,270 1,440,609
1,353,339 87,270 1,440,609
Debt
Finance leases (19,945 ) 3,486 (16,459 )
Debts falling due within 1 year (291,667 ) 291,667 -
(311,612 ) 295,153 (16,459 )
Total 1,041,727 382,423 1,424,150