2022-07-01
13467328
2023-06-30
13467328
2022-07-01
2023-06-30
13467328
uk-bus:RegisteredOffice
uk-bus:Original
2022-07-01
2023-06-30
13467328
uk-bus:Director1
uk-bus:Original
2022-07-01
2023-06-30
13467328
uk-bus:Director1
uk-bus:Original
2023-06-30
13467328
uk-bus:Director2
uk-bus:Original
2022-07-01
2023-06-30
13467328
uk-bus:Director2
uk-bus:Original
2023-06-30
13467328
uk-bus:Director3
uk-bus:Original
2022-07-01
2023-06-30
13467328
uk-bus:Director3
uk-bus:Original
2023-06-30
13467328
uk-bus:Director4
uk-bus:Original
2022-07-01
2023-06-30
13467328
uk-bus:Director4
uk-bus:Original
2023-06-30
13467328
2022-06-30
13467328
2021-07-01
2022-06-30
13467328
uk-core:WithinOneYear
uk-bus:Original
2022-06-30
13467328
uk-core:WithinOneYear
uk-bus:Original
2023-06-30
13467328
uk-core:AfterOneYear
uk-bus:Original
2022-06-30
13467328
uk-core:AfterOneYear
uk-bus:Original
2023-06-30
13467328
uk-core:ShareCapital
uk-bus:Original
2023-06-30
13467328
uk-core:ShareCapital
uk-bus:Original
2022-06-30
13467328
uk-core:RetainedEarningsAccumulatedLosses
uk-bus:Original
2023-06-30
13467328
uk-core:RetainedEarningsAccumulatedLosses
uk-bus:Original
2022-06-30
13467328
uk-core:FurnitureFittings
uk-bus:Original
2022-07-01
2023-06-30
13467328
2
uk-bus:Original
uk-bus:Director1
2022-07-01
2023-06-30
13467328
2
uk-bus:Original
uk-bus:Director1
2023-06-30
13467328
2
uk-bus:Original
uk-bus:Director1
2022-06-30
13467328
4
uk-bus:Original
uk-bus:Director3
2022-07-01
2023-06-30
13467328
4
uk-bus:Original
uk-bus:Director3
2023-06-30
13467328
4
uk-bus:Original
uk-bus:Director3
2022-06-30
13467328
5
uk-bus:Original
uk-bus:Director4
2022-07-01
2023-06-30
13467328
5
uk-bus:Original
uk-bus:Director4
2023-06-30
13467328
5
uk-bus:Original
uk-bus:Director4
2022-06-30
13467328
uk-core:BetweenTwoFiveYears
uk-bus:Original
2023-06-30
13467328
uk-core:MoreThanFiveYears
uk-bus:Original
2023-06-30
iso4217:GBP
xbrli:pure
13467328
uk-bus:AuditExemptWithAccountantsReport
uk-bus:Original
2022-07-01
2023-06-30
13467328
uk-bus:FRS102
uk-bus:Original
2022-07-01
2023-06-30
13467328
uk-bus:FullAccounts
uk-bus:Original
2022-07-01
2023-06-30
13467328
uk-bus:PrivateLimitedCompanyLtd
uk-bus:Original
2022-07-01
2023-06-30
Registered Number:13467328 |
For the year ended 30 June 2023
England and Wales
Report of the Directors and Unaudited Financial Statements
2
For the year ended 30 June 2023
Memphis Holdings Ltd
Contents Page
2
Directors' Report
3
Chartered Accountants' Report
4
Income Statement
5
Statement of Financial Position
6
Statement of Changes in Equity
7 to 9
Notes to the Financial Statements
3
For the year ended 30 June 2023
Memphis Holdings Ltd
Company Information
S J Bowden
Directors
A G Nicol
L C Denning
A G Nicol (appointed on 22 June 2023)
Company Secretary
13467328
Harrow Cottage
Heathfield
Newton Abbot
Devon
TQ12 6RH
Turnbull & Co Accountants Limited
Accountants
Chartered Accountants
Pilgrim House
Oxford Place
Plymouth
PL1 5AJ
1 of 9
4
For the year ended 30 June 2023
Memphis Holdings Ltd
Directors' Report
The directors present their report and financial statements for the year ended 30 June 2023.
The principal activity of the company was that of a licenced restaurant. The company commenced trading on 19 June 2023. Directors Responsibilities Company law requires the directors to prepare financial statements for each financial year which give a true and fair view. In preparing those financial statements, the directors are required to: Select suitable accounting policies and then apply them on a consistent basis, making judgements and estimates that are prudent and reasonable; State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; Prepare the financial statements on the going concern basis unless it is not appropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records, for safeguarding the assets of the company, and for taking reasonable steps for the prevention and detection of fraud and other irregularitites. |
Directors
The directors who served the company throughout the year were as follows:
S J Bowden
N J Hooper (Resigned on 22/06/2023)
A G Nicol
L C Denning
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. |
28 March 2024
2 of 9
5
For the year ended 30 June 2023
Memphis Holdings Ltd
Chartered Accountants' Report
Chartered Accountants' report to the Directors on the preparation of the unaudited statutory accounts of |
Memphis Holdings Ltd for the year ended 30 June 2023 |
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts |
of Memphis Holdings Ltd for the year ended 30 June 2023 which comprise the Income Statement, the Statement of |
Financial Position, the Statement of Changes in Equity and the related notes from the company's accounting records |
and from information and explanations you have given us. |
As a practising firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its |
ethical and other professional requirements which are detailed at |
icaew.com/en/members/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of Memphis Holdings Ltd, as a body, in accordance with the terms |
of our engagement letter dated 2 May 2023. Our work has been undertaken solely to prepare for your approval the |
accounts of Memphis Holdings Ltd and state those matters that we have agreed to state to the Board of Directors of |
Memphis Holdings Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the |
fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Memphis Holdings Ltd |
and its Board of Directors as a body for our work or for this report. |
It is your duty to ensure that Memphis Holdings Ltd has kept adequate accounting records to prepare statutory |
accounts that give a true and fair view of the assets, liabilities, financial position and loss of Memphis Holdings Ltd. |
You consider that Memphis Holdings Ltd is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the accounts of Memphis Holdings Ltd. For this |
reason, we have not verified the accuracy or completeness of the accounting records or information and explanations |
you have given to us and we do not, therefore, express any opinion on the statutory accounts. |
Turnbull & Co Accountants Limited
Chartered Accountants
Pilgrim House
Oxford Place
Plymouth
PL1 5AJ
28 March 2024
3 of 9
6
For the year ended 30 June 2023
Memphis Holdings Ltd
Income Statement
2022
2023
30,585
-
-
(16,184)
-
Gross profit
14,401
(64,588)
-
Operating loss
(50,187)
-
Interest payable and similar charges |
(488)
-
(50,675)
-
Loss before taxation
(50,675)
Loss for the financial year
-
4 of 9
7
Memphis Holdings Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
47,184
-
2
47,184
-
-
8,467
3
Trade and other receivables |
-
28,038
4
4
Cash and cash equivalents |
37,173
73,678
4
Trade and other payables: amounts falling due within one |
year |
-
(162,521)
5
4
(88,843)
Net current liabilities
Total assets less current liabilities |
(41,659)
4
Trade and other payables: amounts falling due after more |
than one year |
-
(9,010)
6
(50,669)
Net assets/liabilities
4
6
4
(50,675)
-
(50,669)
4
Shareholders' funds
For the year ended 30 June 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 28 March 2024 and were signed by: |
The notes form part of these financial statements |
5 of 9
8
For the year ended 30 June 2023
Memphis Holdings Ltd
Statement of Changes in Equity
Share Capital
Total
4
-
4
Balance at 30 June 2022 and 01 July 2022 |
4
-
4
Share issue during the year |
2
-
2
(50,675)
(50,675)
Loss for the year
6
(50,675)
(50,669)
6 of 9
9
For the year ended 30 June 2023
Memphis Holdings Ltd
Notes to the Financial Statements
Statutory Information
Memphis Holdings Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 13467328. |
Harrow Cottage
Heathfield
Newton Abbot
Devon
TQ12 6RH
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of 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 costs convention. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipmentare stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Furniture and Fittings
Going concern
The company is financed by the directors. This is a new business and in the opinion of the directors, they believe |
profits will be made in the future. |
2. Property, plant and equipment |
49,255
49,255
Provision for depreciation and impairment |
Charge for year
2,071
2,071
47,184
7 of 9
10
For the year ended 30 June 2023
Memphis Holdings Ltd
Notes to the Financial Statements Continued
2022
2023
8,467
-
4. Trade and other receivables |
2022
2023
28,038
-
5. Trade and other payables: amounts falling due within one year |
2022
2023
20,438
-
142,083
-
162,521
-
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
9,010
-
7. Related party transactions |
The company is under the effective control of its directors.
8 of 9
11
For the year ended 30 June 2023
Memphis Holdings Ltd
Notes to the Financial Statements Continued
8. Directors advances and guarantees |
Loaned
Repaid
S J Bowden
Monies loaned to the company by the director |
47,160
-
47,160
-
47,160
-
47,160
-
A G Nicol
Monies loaned to the company by the director |
33,594
-
34,809
1,215
33,594
-
34,809
1,215
L C Denning
Monies loaned to the company by the director |
35,000
-
35,000
-
35,000
-
35,000
-
9. Guarantees and other financial commitments |
At 30 June 2023 the company had annual commitments under non-cancellable operating leases as set out below: |
2023
Operating leases which expire: |
50,000
260,000
325,000
635,000
Under FRS 102, the figures represent the full amount payable for the whole period of the lease remaining at the year |
end. |
10. Average number of persons employed |
During the year the average number of employees was 26
9 of 9