IBERICOS ETC. (WESTFIELD LONDON) LIMITED

Company Registration Number:
12502202 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 31 October 2022

End date: 31 October 2023

IBERICOS ETC. (WESTFIELD LONDON) LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

IBERICOS ETC. (WESTFIELD LONDON) LIMITED

Balance sheet

As at 31 October 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 59,012 63,845
Total fixed assets: 59,012 63,845
Current assets
Stocks: 9,049 9,970
Debtors:   222,980 83,575
Cash at bank and in hand: 459 34,370
Total current assets: 232,488 127,915
Creditors: amounts falling due within one year:   (447,076) (200,113)
Net current assets (liabilities): (214,588) (72,198)
Total assets less current liabilities: (155,576) (8,353)
Total net assets (liabilities): (155,576) (8,353)
Capital and reserves
Called up share capital: 2 1
Share premium account: 7 0
Profit and loss account: (155,585) (8,354)
Shareholders funds: (155,576) (8,353)

The notes form part of these financial statements

IBERICOS ETC. (WESTFIELD LONDON) LIMITED

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption 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 this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 July 2024
and signed on behalf of the board by:

Name: J Picton
Status: Director

The notes form part of these financial statements

IBERICOS ETC. (WESTFIELD LONDON) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Turnover policy

Turnover represents the net amount of sales to customers less any refund where appropriate.

Tangible fixed assets and depreciation policy

Depreciation is provided on fixed assets in equal instalments over their useful lives, at the following rates: Leasehold improvements, over the life of the lease. Other assets 20% reducing balance

IBERICOS ETC. (WESTFIELD LONDON) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023 2022
Average number of employees during the period 18 21

IBERICOS ETC. (WESTFIELD LONDON) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible Assets

Total
Cost £
At 31 October 2022 867,151
Additions 13,263
At 31 October 2023 880,414
Depreciation
At 31 October 2022 803,306
Charge for year 18,096
At 31 October 2023 821,402
Net book value
At 31 October 2023 59,012
At 30 October 2022 63,845

IBERICOS ETC. (WESTFIELD LONDON) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Financial commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable leases as follows: 2023 £1,372,500 2022 £1,507,500