PEACOCKS TEAROOM LIMITED

Company Registration Number:
07637815 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

PEACOCKS TEAROOM LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2023

Balance sheet
Notes

PEACOCKS TEAROOM LIMITED

Balance sheet

As at 31 July 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 371,574 319,083
Investments:   0 0
Total fixed assets: 371,574 319,083
Current assets
Stocks: 5,978 6,311
Debtors:   1,740 25,159
Cash at bank and in hand: 275,974 371,099
Investments:   0 0
Total current assets: 283,692 402,569
Creditors: amounts falling due within one year:   (273,997) (419,831)
Net current assets (liabilities): 9,695 (17,262)
Total assets less current liabilities: 381,269 301,821
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: (2,434) (1,825)
Total net assets (liabilities): 378,835 299,996
Capital and reserves
Called up share capital: 1,000 1,000
Share premium account: 98,918 98,918
Revaluation reserve:483,05322,835
Other reserves: 0 0
Profit and loss account: 195,864 177,243
Shareholders funds: 378,835 299,996

The notes form part of these financial statements

PEACOCKS TEAROOM LIMITED

Balance sheet statements

For the year ending 31 July 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 11 March 2024
and signed on behalf of the board by:

Name: George Collins Peacock
Status: Director

The notes form part of these financial statements

PEACOCKS TEAROOM LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 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

Tearoom takings, both cash and card, are recorded at the point of sale and vouchers likewise, rather than as redeemed. Bed and breakfast bookings are subject to a 50% deposit. Such deposits are included in sales as taken, being in all normal circumstances non returnable, and balances as they are settled at the end of each stay.

Tangible fixed assets and depreciation policy

Depreciation is calculated to write off the cost, less estimated residual value, of tangible fixed assets over their anticipated useful lives. Where there is evidence of impairment, fixed assets are written down to their receivable value with any such write down being charged to the profit and loss account.Plant and equipment are written down at the rate of 25%, using the reducing balance method.Leasehold property was previously written down at the rate of 2% per annum using the reducing balance method but it was decided, during the year ended 31 July 2021, that this should be accelerated, the more accurately to reflect its diminution, and the straight line rate of 25% of cost has been adopted accordingly.

Intangible fixed assets and amortisation policy

Intangible fixed assets, including purchased goodwill are at present fully written down, having been amortised at rates calculated to write off their values on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Valuation and information policy

Stocks are valued at the lower of cost and net realisable value. Dry goods, teas in particular together with some preserves, are held in stock but the majority of fresh foodstuffs for resale are delivered daily such that little or no stock of these is carried.

Other accounting policies

Deferred TaxDeferred tax arises as a result of the inclusion of items of income and expenditure in tax computations, in periods differing from those in which they feature in the company accounts. Deferred tax is provided to the extent that such timing differences may be expected to result in an increased or reduced liability at a future date, based upon current tax rates and law.Pension ContributionsContributions, in respect of the company's defined contribution pension scheme, are charged to the profit and loss account for the year in which they are payable. Differences, between contributions payable and contributions actually paid in the year, are shown as either accruals or prepayments at the period end.

PEACOCKS TEAROOM LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

2. Employees

2023 2022
Average number of employees during the period 20 21

PEACOCKS TEAROOM LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible Assets

Total
Cost £
At 01 August 2022 414,369
Additions 12,019
Disposals 0
Revaluations 60,218
Transfers 0
At 31 July 2023 486,606
Depreciation
At 01 August 2022 95,286
Charge for year 19,746
On disposals 0
Other adjustments 0
At 31 July 2023 115,032
Net book value
At 31 July 2023 371,574
At 31 July 2022 319,083

PEACOCKS TEAROOM LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Revaluation reserve

2023
£
Balance at 01 August 2022 22,835
Surplus or deficit after revaluation 60,218
Balance at 31 July 2023 83,053