Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31false2022-04-01No description of principal activity165145truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09699675 2022-04-01 2023-03-31 09699675 2021-04-01 2022-03-31 09699675 2023-03-31 09699675 2022-03-31 09699675 2021-04-01 09699675 c:Director1 2022-04-01 2023-03-31 09699675 d:Buildings d:LongLeaseholdAssets 2022-04-01 2023-03-31 09699675 d:Buildings d:LongLeaseholdAssets 2023-03-31 09699675 d:Buildings d:LongLeaseholdAssets 2022-03-31 09699675 d:PlantMachinery 2022-04-01 2023-03-31 09699675 d:PlantMachinery 2023-03-31 09699675 d:PlantMachinery 2022-03-31 09699675 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09699675 d:FurnitureFittings 2022-04-01 2023-03-31 09699675 d:FurnitureFittings 2023-03-31 09699675 d:FurnitureFittings 2022-03-31 09699675 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09699675 d:ComputerEquipment 2022-04-01 2023-03-31 09699675 d:ComputerEquipment 2023-03-31 09699675 d:ComputerEquipment 2022-03-31 09699675 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09699675 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09699675 d:ComputerSoftware 2023-03-31 09699675 d:ComputerSoftware 2022-03-31 09699675 d:CurrentFinancialInstruments 2023-03-31 09699675 d:CurrentFinancialInstruments 2022-03-31 09699675 d:Non-currentFinancialInstruments 2023-03-31 09699675 d:Non-currentFinancialInstruments 2022-03-31 09699675 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09699675 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09699675 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09699675 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 09699675 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 09699675 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 09699675 d:ShareCapital 2022-04-01 2023-03-31 09699675 d:ShareCapital 2023-03-31 09699675 d:ShareCapital 2021-04-01 2022-03-31 09699675 d:ShareCapital 2022-03-31 09699675 d:ShareCapital 2021-04-01 09699675 d:CapitalRedemptionReserve 2022-04-01 2023-03-31 09699675 d:CapitalRedemptionReserve 2023-03-31 09699675 d:CapitalRedemptionReserve 2021-04-01 2022-03-31 09699675 d:CapitalRedemptionReserve 2022-03-31 09699675 d:CapitalRedemptionReserve 2021-04-01 09699675 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 09699675 d:RetainedEarningsAccumulatedLosses 2023-03-31 09699675 d:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 09699675 d:RetainedEarningsAccumulatedLosses 2022-03-31 09699675 d:RetainedEarningsAccumulatedLosses 2021-04-01 09699675 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 09699675 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 09699675 c:FRS102 2022-04-01 2023-03-31 09699675 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09699675 c:FullAccounts 2022-04-01 2023-03-31 09699675 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09699675 2 2022-04-01 2023-03-31 09699675 6 2022-04-01 2023-03-31 09699675 d:ComputerSoftware d:OwnedIntangibleAssets 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 09699675









THE ATHENIAN GREEK STREET FOOD LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
THE ATHENIAN GREEK STREET FOOD LTD
REGISTERED NUMBER: 09699675

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
8,549
13,424

Tangible assets
 5 
126,675
230,514

Investments
  
1
1

  
135,225
243,939

Current assets
  

Stocks
  
138,902
61,543

Debtors: amounts falling due within one year
 7 
472,515
269,723

Cash at bank and in hand
 8 
17,852
61,206

  
629,269
392,472

Creditors: amounts falling due within one year
 9 
(1,704,014)
(688,959)

Net current liabilities
  
 
 
(1,074,745)
 
 
(296,487)

Total assets less current liabilities
  
(939,520)
(52,548)

Creditors: amounts falling due after more than one year
 10 
47,821
(187,718)

Provisions for liabilities
  

Deferred tax
  
(7,938)
(682)

  
 
 
(7,938)
 
 
(682)

Net liabilities
  
(899,637)
(240,948)


Capital and reserves
  

Called up share capital 
  
60
60

Capital redemption reserve
  
60
60

Profit and loss account
  
(899,757)
(241,068)

  
(899,637)
(240,948)


The director considers 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 year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.
Page 1

 
THE ATHENIAN GREEK STREET FOOD LTD
REGISTERED NUMBER: 09699675
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023


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: 




................................................
Efthymios Vasilakis
Director

Date: 4 March 2024

The notes on pages 5 to 14 form part of these financial statements.

Page 2

 
THE ATHENIAN GREEK STREET FOOD LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£

At 1 April 2022
60
60
(241,068)
(240,948)


Comprehensive income for the year

Loss for the year

-
-
(444,371)
(444,371)


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
(444,371)
(444,371)


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(214,318)
(214,318)


Total transactions with owners
-
-
(214,318)
(214,318)


At 31 March 2023
60
60
(899,757)
(899,637)


The notes on pages 5 to 14 form part of these financial statements.

Page 3

 
THE ATHENIAN GREEK STREET FOOD LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2022


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£

At 1 April 2021
120
60
759,532
759,712


Comprehensive income for the year

Loss for the year

-
-
(15,865)
(15,865)


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
(15,865)
(15,865)


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(984,735)
(984,735)

Shares redeemed during the year
(60)
-
-
(60)


Total transactions with owners
(60)
-
(984,735)
(984,795)


At 31 March 2022
60
60
(241,068)
(240,948)


The notes on pages 5 to 14 form part of these financial statements.

Page 4

 
THE ATHENIAN GREEK STREET FOOD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The company is a private company limited by shares and is incorporated in England and Wales. The registered office and principal place of business of the company is The Courtyard, 14A Sydenham Road, Croydon, England, CR0 2EE. The company registration number is 09699675.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 5

 
THE ATHENIAN GREEK STREET FOOD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
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. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

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

Page 6

 
THE ATHENIAN GREEK STREET FOOD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR 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

Current and deferred taxation

The tax expense for the year 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 income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

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 except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

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.

Page 7

 
THE ATHENIAN GREEK STREET FOOD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
Straight line over the life of the lease
Plant and machinery
-
25%
Fixtures and fittings
-
25%
Computer equipment
-
33%

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.

 
2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.12

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. Work in progress and finished goods include labour and attributable overheads.

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.

 
2.13

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.

Page 8

 
THE ATHENIAN GREEK STREET FOOD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.15

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.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 165 (2022 - 145).

Page 9

 
THE ATHENIAN GREEK STREET FOOD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Intangible assets




Computer software

£



Cost


At 1 April 2022
14,771



At 31 March 2023

14,771



Amortisation


At 1 April 2022
1,347


Charge for the year on owned assets
4,875



At 31 March 2023

6,222



Net book value



At 31 March 2023
8,549



At 31 March 2022
13,424



Page 10

 
THE ATHENIAN GREEK STREET FOOD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2022
169,073
317,099
158,922
26,133
671,227


Additions
11,967
10,739
-
4,488
27,194


Disposals
-
(37,379)
-
(2,222)
(39,601)



At 31 March 2023

181,040
290,459
158,922
28,399
658,820



Depreciation


At 1 April 2022
76,476
236,321
111,790
16,126
440,713


Charge for the year on owned assets
19,667
21,531
43,441
6,793
91,432



At 31 March 2023

96,143
257,852
155,231
22,919
532,145



Net book value



At 31 March 2023
84,897
32,607
3,691
5,480
126,675



At 31 March 2022
92,597
80,778
47,132
10,007
230,514


6.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 April 2022
1



At 31 March 2023
1





7.


Debtors

2023
2022
£
£


Trade debtors
18,376
5,044
Page 11

 
THE ATHENIAN GREEK STREET FOOD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.Debtors (continued)


Amounts owed by group undertakings
163,825
93,370

Other debtors
174,964
60,337

Prepayments and accrued income
115,350
110,972

472,515
269,723



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
17,852
61,206

17,852
61,206



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
235,343
38,030

Trade creditors
596,971
374,995

Corporation tax
46,512
46,512

Other taxation and social security
492,212
109,339

Other creditors
239,949
28,014

Accruals and deferred income
93,027
92,069

1,704,014
688,959



10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
(47,821)
187,718

(47,821)
187,718


Page 12

 
THE ATHENIAN GREEK STREET FOOD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

11.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
235,343
38,030


235,343
38,030


Amounts falling due 2-5 years

Bank loans
(47,821)
187,718


(47,821)
187,718


187,522
225,748



12.


Deferred taxation




2023


£






At beginning of year
(682)


Charged to profit or loss
(7,256)



At end of year
(7,938)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(7,938)
(682)

(7,938)
(682)

Page 13

 
THE ATHENIAN GREEK STREET FOOD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

13.


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 £31,216.61 (2022 - £40,348) . Contributions totalling £7,616 (2022 - £12,654) were payable to the fund at the reporting date and are included in other creditors.


14.


Related party transactions

During the year, the company received net amounts from a director of £53,000 (2022: £9,884). At the balance sheet date the total amounts due from the company to this director was £53,000 (2022: £Nil).
During the year, the company received net amounts from a director of £173,450 (2022: £36,288). At the balance sheet date the total amounts due from the company to this director was £177,949 (2022: £4,499 due to the company). This loan is interest free and repayable on demand.
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicaple in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
During the year, there was a de-merger and a restructuring of the company which involved a dividend in specie being declared to a director of £211,192.

 
Page 14