Company Registration No. 12431884 (England and Wales)
Guildhall Restaurant Ltd
Unaudited accounts
for the year ended 31 January 2024
Guildhall Restaurant Ltd
Unaudited accounts
Contents
Guildhall Restaurant Ltd
Company Information
for the year ended 31 January 2024
Directors
Frederic Pierre Seweryn
Severine Henriette Mauricette Seweryn
Company Number
12431884 (England and Wales)
Registered Office
Bayside Business Centre
48 Willis Way
Poole
Dorset
BH15 3TB
England
Accountants
JKD Accountants Limited
Bayside Business Centre
48 Willis Way
Poole
Dorset
BH15 3TB
Guildhall Restaurant Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
159,511
136,045
Cash at bank and in hand
43,006
46,609
Creditors: amounts falling due within one year
(142,128)
(106,525)
Net current assets/(liabilities)
2,690
(45,792)
Total assets less current liabilities
162,201
90,253
Provisions for liabilities
Deferred tax
(29,558)
(11,331)
Called up share capital
200
200
Profit and loss account
132,443
78,722
Shareholders' funds
132,643
78,922
For the year ending 31 January 2024 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 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 the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by
Severine Henriette Mauricette Seweryn
Director
Company Registration No. 12431884
Guildhall Restaurant Ltd
Notes to the Accounts
for the year ended 31 January 2024
Guildhall Restaurant Ltd is a private company, limited by shares, registered in England and Wales, registration number 12431884. The registered office is Bayside Business Centre, 48 Willis Way, Poole, Dorset, BH15 3TB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
10 year straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of both goods and services are recognised when the customer has paid for their meal as this constitutes agreement with the contract.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Guildhall Restaurant Ltd
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Total
At 1 February 2023
152,945
At 31 January 2024
205,777
Charge for the year
29,366
At 31 January 2024
159,511
At 31 January 2023
136,045
5
Operating lease commitments
2024
2023
At 31 January 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
43,500
43,500
Later than one year and not later than five years
174,000
174,000
Later than five years
261,000
304,500
6
Average number of employees
During the year the average number of employees was 26 (2023: 28).