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Registration number: 10433247

Geo Park Cafe Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2023

 

Geo Park Cafe Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 9

 

Geo Park Cafe Limited

Company Information

Director

Mr George Devey

Registered office

6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

Accountants

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Geo Park Cafe Limited
for the Year Ended 31 October 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Geo Park Cafe Limited for the year ended 31 October 2023 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member 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
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Geo Park Cafe Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Geo Park Cafe Limited and state those matters that we have agreed to state to the Board of Directors of Geo Park Cafe Limited, 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 Geo Park Cafe Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Geo Park Cafe Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Geo Park Cafe Limited. You consider that Geo Park Cafe Limited 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 Geo Park Cafe Limited. 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.

......................................

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

26 July 2024

 

Geo Park Cafe Limited

(Registration number: 10433247)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

117,972

103,682

Investment property

5

470,000

405,265

 

587,972

508,947

Current assets

 

Stocks

6

661

1,200

Debtors

7

162,897

132,684

Cash at bank and in hand

 

83,171

59,322

 

246,729

193,206

Creditors: Amounts falling due within one year

8

(253,924)

(201,144)

Net current liabilities

 

(7,195)

(7,938)

Total assets less current liabilities

 

580,777

501,009

Creditors: Amounts falling due after more than one year

8

(268,096)

(276,686)

Net assets

 

312,681

224,323

Capital and reserves

 

Called up share capital

110

110

Other reserves

64,735

-

Retained earnings

247,836

224,213

Shareholders' funds

 

312,681

224,323

 

Geo Park Cafe Limited

(Registration number: 10433247)
Balance Sheet as at 31 October 2023

For the financial year ending 31 October 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 26 July 2024
 

.........................................

Mr George Devey

Director

 

Geo Park Cafe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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:
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH
United Kingdom

The principal place of business is:
Geo Park Cafe
Esplanade Road
Paignton
TQ4 6AG

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.

Going concern

At the end of the year the company's balance sheet shows net current liabilities of £7,195 (2022 £7,938). Accordingly, the directors have had to consider the basis upon which the accounts have been prepared and determine whether a going concern basis remains appropriate. The accounts have been prepared on a going concern basis as the director continues to provide financial support when necessary to the company. The directors have also reviewed the position for 12 months from the date the accounts were approved and in their opinion the company will reduce the balance sheet deficiency and will show positive results for the next financial period.

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.

 

Geo Park Cafe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Tax

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

Office Equipment

4 years straight line

Buildings

50 years straight line

Plant and Machinery

20% reducing balance

Motor Vehicles

25% reducing balance

Investment property

The director has provided the valuation of the investment property, an independent valuation has not been undertaken.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2022 - 1).

 

Geo Park Cafe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 November 2022

55,942

39,975

8,826

49,853

154,596

Additions

27,098

2,664

-

-

29,762

At 31 October 2023

83,040

42,639

8,826

49,853

184,358

Depreciation

At 1 November 2022

3,946

25,208

1,073

20,687

50,914

Charge for the year

1,356

6,344

1,938

5,834

15,472

At 31 October 2023

5,302

31,552

3,011

26,521

66,386

Carrying amount

At 31 October 2023

77,738

11,087

5,815

23,332

117,972

At 31 October 2022

51,996

14,767

7,753

29,166

103,682

 

Geo Park Cafe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

5

Investment properties

2023
£

At 1 November 2022

405,265

Additions

64,735

At 31 October 2023

470,000

The director has provided the valuation of the investment property, an independent valuation has not been undertaken.

6

Stocks

2023
£

2022
£

Other inventories

661

1,200

7

Debtors

2023
£

2022
£

Prepayments

3,709

4,302

Other debtors

159,188

128,382

162,897

132,684

 

Geo Park Cafe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

9,340

12,749

Trade creditors

 

182

20,098

Taxation and social security

 

239,397

162,054

Accruals and deferred income

 

5,005

5,157

Other creditors

 

-

1,086

 

253,924

201,144

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

268,096

276,686