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Registration number: 08650646

The Cedar Room Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2023

 

The Cedar Room Ltd

Contents


 

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

The Cedar Room Ltd

Registration number: 08650646

Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

22,912

29,775

Current assets

 

Debtors

6

4,944

14,839

Cash at bank and in hand

 

348,525

439,925

 

353,469

454,764

Creditors: Amounts falling due within one year

7

(128,729)

(154,300)

Net current assets

 

224,740

300,464

Total assets less current liabilities

 

247,652

330,239

Provisions for liabilities

(5,728)

(5,657)

Net assets

 

241,924

324,582

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

241,824

324,482

Shareholders' funds

 

241,924

324,582



The director's statements required by sections 475 (2) and (3) are shown on the following page which forms part of this Balance Sheet.

 

The Cedar Room Ltd

Registration number: 08650646

Balance Sheet as at 31 August 2023 (continued)

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 March 2024 and signed on its behalf by:
 


S J Daniels
Director


S R Daniels
Director

 

The Cedar Room Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 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:
1 Chepstow Road
Felixstowe
Suffolk
IP11 9BU
United Kingdom

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 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 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

 

The Cedar Room Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023 (continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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

Motor Vehicles

25% Reducing balance

Furniture, fittings and equipment

25% Reducing balance

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.

 

The Cedar Room Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023 (continued)

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2022 - 7).

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

7,637

9,924

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 September 2022

2,280

47,117

49,397

Additions

774

-

774

At 31 August 2023

3,054

47,117

50,171

Depreciation

At 1 September 2022

812

18,810

19,622

Charge for the year

561

7,076

7,637

At 31 August 2023

1,373

25,886

27,259

Carrying amount

At 31 August 2023

1,681

21,231

22,912

At 31 August 2022

1,468

28,307

29,775

 

The Cedar Room Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023 (continued)

6

Debtors

Current

2023
£

2022
£

Trade debtors

-

12,494

Prepayments

4,944

2,345

 

4,944

14,839

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

26,100

35,471

Directors loan account

3

2,203

Taxation and social security

 

31,360

57,663

Other creditors

 

71,266

58,963

 

128,729

154,300

 

The Cedar Room Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023 (continued)

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

90

90

90

90

Ordinary A shares of £1 each

5

5

5

5

Ordinary B shares of £1 each

5

5

5

5

 

100

100

100

100