Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-31302021-10-01falseThe principal activity of the company continued to be that of the running of bars and restaurants.29truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03517344 2021-10-01 2023-03-31 03517344 2020-10-01 2021-09-30 03517344 2023-03-31 03517344 2021-09-30 03517344 c:Director1 2021-10-01 2023-03-31 03517344 d:Buildings d:LongLeaseholdAssets 2021-10-01 2023-03-31 03517344 d:Buildings d:LongLeaseholdAssets 2023-03-31 03517344 d:Buildings d:LongLeaseholdAssets 2021-09-30 03517344 d:FurnitureFittings 2021-10-01 2023-03-31 03517344 d:FurnitureFittings 2023-03-31 03517344 d:FurnitureFittings 2021-09-30 03517344 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-10-01 2023-03-31 03517344 d:ComputerEquipment 2021-10-01 2023-03-31 03517344 d:ComputerEquipment 2023-03-31 03517344 d:ComputerEquipment 2021-09-30 03517344 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-10-01 2023-03-31 03517344 d:OwnedOrFreeholdAssets 2021-10-01 2023-03-31 03517344 d:CurrentFinancialInstruments 2023-03-31 03517344 d:CurrentFinancialInstruments 2021-09-30 03517344 d:Non-currentFinancialInstruments 2023-03-31 03517344 d:Non-currentFinancialInstruments 2021-09-30 03517344 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03517344 d:CurrentFinancialInstruments d:WithinOneYear 2021-09-30 03517344 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 03517344 d:Non-currentFinancialInstruments d:AfterOneYear 2021-09-30 03517344 d:ShareCapital 2023-03-31 03517344 d:ShareCapital 2021-09-30 03517344 d:RetainedEarningsAccumulatedLosses 2023-03-31 03517344 d:RetainedEarningsAccumulatedLosses 2021-09-30 03517344 c:OrdinaryShareClass1 2021-10-01 2023-03-31 03517344 c:OrdinaryShareClass1 2023-03-31 03517344 c:OrdinaryShareClass1 2021-09-30 03517344 c:FRS102 2021-10-01 2023-03-31 03517344 c:AuditExempt-NoAccountantsReport 2021-10-01 2023-03-31 03517344 c:FullAccounts 2021-10-01 2023-03-31 03517344 c:PrivateLimitedCompanyLtd 2021-10-01 2023-03-31 03517344 7 2021-10-01 2023-03-31 03517344 e:PoundSterling 2021-10-01 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 03517344












ORDELLA LIMITED
T/A 
SUMMERHOUSE

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2023

 
ORDELLA LIMITED T/A SUMMERHOUSE
  
T/A 
SUMMERHOUSE
REGISTERED NUMBER:03517344

BALANCE SHEET
AS AT 31 MARCH 2023

31 March
30 September
2023
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
40,310
68,666

  
40,310
68,666

Current assets
  

Stocks
 5 
14,191
12,933

Debtors: amounts falling due within one year
 6 
3,925,425
3,046,754

Cash at bank and in hand
 7 
23,023
331,141

  
3,962,639
3,390,828

Creditors: amounts falling due within one year
 8 
(888,058)
(2,372,632)

Net current assets
  
 
 
3,074,581
 
 
1,018,196

Total assets less current liabilities
  
3,114,891
1,086,862

Creditors: amounts falling due after more than one year
 9 
(2,003,381)
-

Provisions for liabilities
  

Deferred tax
  
(2,936)
(7,677)

  
 
 
(2,936)
 
 
(7,677)

Net assets
  
1,108,574
1,079,185


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
1,108,474
1,079,085

  
1,108,574
1,079,185


Page 1

 
ORDELLA LIMITED T/A SUMMERHOUSE
  
T/A 
SUMMERHOUSE
REGISTERED NUMBER:03517344
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M H Tillman
Director

Date: 9 February 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
ORDELLA LIMITED T/A SUMMERHOUSE
 
T/A 
SUMMERHOUSE
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Ordella Limited T/A The Summerhouse is a private company, limited by shares, registered in England and Wales, registration number 03517344. The registered office address is 18 Bristol Gardens, London, W9 2JQ.
 
The principal activity of the company continued to be that of the running of bars and restaurants.
On 20 June 2023, the company extended its accounting reference date from 30 September 2022 to 31 March 2023.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

  
2.2

Functional and presentational currency

The company's functional and presentational currency is pound sterling.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 
Turnover from the sales of food and beverages is recognised when the goods have been provided.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the profit and loss accounts in the same period as the related expenditure. Grants received in respect of Covid Job Retention Scheme and Local Authority Grants are included in other operating income.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Page 3

 
ORDELLA LIMITED T/A SUMMERHOUSE
 
T/A 
SUMMERHOUSE
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.8

 Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Long-term leasehold property
-
10%
straight-line
Fixtures and fittings
-
15%
reducing balance
Computer equipment
-
33%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

 Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

 Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

 Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

Page 4

 
ORDELLA LIMITED T/A SUMMERHOUSE
 
T/A 
SUMMERHOUSE
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.12

 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

 Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

 
2.14

 Financial instruments

The company enters into basic financial instrument transations that result in the recognition of financial assets and liabilities such as other debtors, trade and other creditors, loans from banks, and loans with related parties.

 
2.15

 Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the period was 30          (2021 - 29).

Page 5

 
ORDELLA LIMITED T/A SUMMERHOUSE
 
T/A 
SUMMERHOUSE
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

4.


Tangible fixed assets







Leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost 


At 1 October 2021
402
162,559
5,114
168,075


Additions
-
16,970
-
16,970



At 31 March 2023

402
179,529
5,114
185,045



Depreciation


At 1 October 2021
200
95,991
3,218
99,409


Charge for the period
61
43,823
1,442
45,326



At 31 March 2023

261
139,814
4,660
144,735



Net book value



At 31 March 2023
141
39,715
454
40,310



At 30 September 2021
202
66,568
1,896
68,666


5.


Stocks

31 March
30 September
2023
2021
£
£

Food and beverage stocks
14,191
12,933



6.


Debtors

31 March
30 September
2023
2021
£
£


Trade debtors
-
625

Amounts owed by connected entities
3,896,308
3,036,556

Other debtors
2,210
-

Called up share capital not paid
98
98

Prepayments and accrued income
26,809
9,475

3,925,425
3,046,754


Page 6

 
ORDELLA LIMITED T/A SUMMERHOUSE
 
T/A 
SUMMERHOUSE
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

7.


Cash

31 March
30 September
2023
2021
£
£

Cash at bank and in hand
23,023
331,141



8.


Creditors: amounts falling due within one year

31 March
30 September
2023
2021
£
£

Bank loans
13,012
1,598,310

Trade creditors
131,440
67,009

Amounts owed to connected entities
558,661
11,622

Corporation tax
12,789
10,932

Other taxation and social security
62,152
199,311

Other creditors
62,483
259,579

Accruals and deferred income
47,521
225,869

888,058
2,372,632


HSBC Bank PLC holds a floating and fixed charge which contain a negative pledge over the assets of the company in respect of all the amounts due from the company. The company also has a cross company guarantee with the connected entities.

Also included in creditors due within one year is a bank loan of £13,012 (2021 - £1,598,310). Interest is accrued at 3.5% per annum over the base rate on the outstanding principal of the loan.
 
Page 7

 
ORDELLA LIMITED T/A SUMMERHOUSE
 
T/A 
SUMMERHOUSE
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

9.


Creditors: amounts falling due after more than one year

31 March
30 September
2023
2021
£
£

Bank loans
2,003,381
-


Also included in creditors due more than one year is a bank loan of £2,003,381 (2021 - £1,598,310). Interest is accrued at 3.5% per annum over the base rate on the outstanding principal of the loan.
 
The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

31 March
30 September
2023
2021
£
£


Repayable by instalments
1,973,993
-



10.


Share capital

31 March
30 September
2023
2021
£
£
Allotted, called up and fully paid



2 (2021 - 2) Ordinary shares of £1.00 each
2
2

Allotted, called up and unpaid



98 (2021 - 98) Ordinary shares of £1.00 each
98
98

Ordinary shares have one vote per share.


11.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £13,971 (2021 - £9,430). Contributions totalling £3,118 (2021 - £4,203) were payable to the fund at the balance sheet date and are included in creditors.


12.


Controlling party

The company is under the control of M H Tillman, a director and a majority shareholder of the company.

 
Page 8