Four Seasons (Wardour Street) Limited 07238051 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is that of restaurant operators. Digita Accounts Production Advanced 6.30.9574.0 true 07238051 2022-07-01 2023-06-30 07238051 2023-06-30 07238051 core:CurrentFinancialInstruments 2023-06-30 07238051 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 07238051 bus:SmallEntities 2022-07-01 2023-06-30 07238051 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 07238051 bus:AbridgedAccounts 2022-07-01 2023-06-30 07238051 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 07238051 bus:RegisteredOffice 2022-07-01 2023-06-30 07238051 bus:Director1 2022-07-01 2023-06-30 07238051 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 07238051 core:FurnitureFittings 2022-07-01 2023-06-30 07238051 core:PlantMachinery 2022-07-01 2023-06-30 07238051 countries:EnglandWales 2022-07-01 2023-06-30 07238051 2021-07-01 2022-06-30 07238051 2022-06-30 07238051 core:CurrentFinancialInstruments 2022-06-30 07238051 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 07238051

Four Seasons (Wardour Street) Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 June 2023

 

Four Seasons (Wardour Street) Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Four Seasons (Wardour Street) Limited

Company Information

Director

Mr X M Lam

Registered office

1st Floor, 44 Worship Street
London
EC2A 2EA

Accountants

Tan Lam Partnership
Chartered Certified Accountants
1st Floor, 44 Worship Street
London
EC2A 2EA

 

Four Seasons (Wardour Street) Limited

(Registration number: 07238051)
Abridged Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

57,098

61,052

Current assets

 

Stocks

11,000

9,000

Debtors

75,077

62,069

Cash at bank and in hand

 

203,982

405,976

 

290,059

477,045

Prepayments and accrued income

 

639,814

389,102

Creditors: Amounts falling due within one year

(217,631)

(202,793)

Net current assets

 

712,242

663,354

Total assets less current liabilities

 

769,340

724,406

Accruals and deferred income

 

(91,265)

(104,925)

Net assets

 

678,075

619,481

Capital and reserves

 

Called up share capital

100

100

Retained earnings

677,975

619,381

Shareholders' funds

 

678,075

619,481

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 20 February 2024
 

 

Four Seasons (Wardour Street) Limited

(Registration number: 07238051)
Abridged Balance Sheet as at 30 June 2023

.........................................
Mr X M Lam
Director

 

Four Seasons (Wardour Street) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1st Floor, 44 Worship Street
London
EC2A 2EA

The principal place of business is:
23 Wardour Street
London
W1D 6PW

These financial statements were authorised for issue by the director on 20 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Four Seasons (Wardour Street) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2023

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met, and the grants will be received.

A grant that specifies the performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on reducing balance

Fixtures and fittings

25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Four Seasons (Wardour Street) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2023

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 17 (2022 - 21).