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REGISTERED NUMBER: 07067146 (England and Wales)















Financial Statements

for the Period 31 December 2021 to 29 December 2022

for

Leaf Tea Shop & Bar (Smithdown) Limited

Leaf Tea Shop & Bar (Smithdown) Limited (Registered number: 07067146)






Contents of the Financial Statements
for the Period 31 December 2021 to 29 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Leaf Tea Shop & Bar (Smithdown) Limited

Company Information
for the Period 31 December 2021 to 29 December 2022







DIRECTORS: Miss N Haywood
G P Haywood





REGISTERED OFFICE: 364-368 Smithdown Road
Liverpool
Merseyside
L15 5AN





REGISTERED NUMBER: 07067146 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Leaf Tea Shop & Bar (Smithdown) Limited (Registered number: 07067146)

Balance Sheet
29 December 2022

29.12.22 30.12.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 158,416 175,270
158,416 175,270

CURRENT ASSETS
Stocks 9,151 8,320
Debtors 6 191,283 207,860
Cash at bank and in hand 43,758 50,630
244,192 266,810
CREDITORS
Amounts falling due within one year 7 196,803 192,253
NET CURRENT ASSETS 47,389 74,557
TOTAL ASSETS LESS CURRENT
LIABILITIES

205,805

249,827

CREDITORS
Amounts falling due after more than one
year

8

(28,708

)

(44,709

)

PROVISIONS FOR LIABILITIES (29,546 ) (32,627 )
NET ASSETS 147,551 172,491

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 147,451 172,391
SHAREHOLDERS' FUNDS 147,551 172,491

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Leaf Tea Shop & Bar (Smithdown) Limited (Registered number: 07067146)

Balance Sheet - continued
29 December 2022


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:





Miss N Haywood - Director


Leaf Tea Shop & Bar (Smithdown) Limited (Registered number: 07067146)

Notes to the Financial Statements
for the Period 31 December 2021 to 29 December 2022

1. STATUTORY INFORMATION

Leaf Tea Shop & Bar (Smithdown) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Impact of Covid-19
The accounts have been prepared on a going concern basis despite the bar being closed at various times since the beginning of the pandemic. The directors are confident that the company will return back to profitability after the pandemic is over.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover arises from the running of a licenced restaurant and is measured at the fair value of the consideration received or receivable, excluding discounts, rebated, value added tax and other sales taxes. Revenue is recognised upon sale of food and drink.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance and in accordance with the property

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Intercompany loans (being repayable on demand) and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Leaf Tea Shop & Bar (Smithdown) Limited (Registered number: 07067146)

Notes to the Financial Statements - continued
for the Period 31 December 2021 to 29 December 2022

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 29 (2021 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 31 December 2021
and 29 December 2022 11,104
AMORTISATION
At 31 December 2021
and 29 December 2022 11,104
NET BOOK VALUE
At 29 December 2022 -
At 30 December 2021 -

Leaf Tea Shop & Bar (Smithdown) Limited (Registered number: 07067146)

Notes to the Financial Statements - continued
for the Period 31 December 2021 to 29 December 2022

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 December 2021 357,498
Additions 10,917
At 29 December 2022 368,415
DEPRECIATION
At 31 December 2021 182,228
Charge for period 27,771
At 29 December 2022 209,999
NET BOOK VALUE
At 29 December 2022 158,416
At 30 December 2021 175,270

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.12.22 30.12.21
£    £   
Amounts owed by associates 179,881 49,930
Other debtors 11,402 157,930
191,283 207,860

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.12.22 30.12.21
£    £   
Bank loans and overdrafts 9,935 4,968
Trade creditors 72,729 31,750
Taxation and social security 105,504 151,365
Other creditors 8,635 4,170
196,803 192,253

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.12.22 30.12.21
£    £   
Bank loans 28,708 44,709

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 18,773 4,968