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REGISTERED NUMBER: 07967921 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

WARWICK TEAROOMS LTD

WARWICK TEAROOMS LTD (REGISTERED NUMBER: 07967921)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WARWICK TEAROOMS LTD

COMPANY INFORMATION
for the year ended 31 October 2023







DIRECTORS: Mr M A Edwards
Mrs C L Edwards
Mr J H Edwards
Mr M G Edwards
Mr H M Edwards





REGISTERED OFFICE: 1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB





REGISTERED NUMBER: 07967921 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

WARWICK TEAROOMS LTD (REGISTERED NUMBER: 07967921)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,555 8,629
Investments 6 102 102
7,657 8,731

CURRENT ASSETS
Stocks 9,673 8,159
Debtors 7 311,189 188,347
Cash at bank and in hand 258,232 292,749
579,094 489,255
CREDITORS
Amounts falling due within one year 8 73,640 98,254
NET CURRENT ASSETS 505,454 391,001
TOTAL ASSETS LESS CURRENT
LIABILITIES

513,111

399,732

CREDITORS
Amounts falling due after more than one
year

9

(15,916

)

(26,428

)

PROVISIONS FOR LIABILITIES (1,889 ) (1,640 )
NET ASSETS 495,306 371,664

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 495,304 371,662
SHAREHOLDERS' FUNDS 495,306 371,664

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

WARWICK TEAROOMS LTD (REGISTERED NUMBER: 07967921)

BALANCE SHEET - continued
31 October 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:





Mr M A Edwards - Director


WARWICK TEAROOMS LTD (REGISTERED NUMBER: 07967921)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2023

1. STATUTORY INFORMATION

Warwick Tearooms Ltd 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.

Turnover
Turnover, net of applicable value added tax, is recognised at the point at which produce is sold to the consumer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


WARWICK TEAROOMS LTD (REGISTERED NUMBER: 07967921)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023

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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 year was 17 (2022 - 38 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 246,509
AMORTISATION
At 1 November 2022
and 31 October 2023 246,509
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

WARWICK TEAROOMS LTD (REGISTERED NUMBER: 07967921)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 November 2022 53,159 18,068 71,227
Additions 1,279 - 1,279
At 31 October 2023 54,438 18,068 72,506
DEPRECIATION
At 1 November 2022 47,063 15,535 62,598
Charge for year 1,720 633 2,353
At 31 October 2023 48,783 16,168 64,951
NET BOOK VALUE
At 31 October 2023 5,655 1,900 7,555
At 31 October 2022 6,096 2,533 8,629

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2022
and 31 October 2023 102
NET BOOK VALUE
At 31 October 2023 102
At 31 October 2022 102

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors - 2,999
Other debtors 8,080 6,919
8,080 9,918

Amounts falling due after more than one year:
Amounts owed by group undertakings 72,479 22,288
Other debtors 230,630 156,141
303,109 178,429

Aggregate amounts 311,189 188,347

WARWICK TEAROOMS LTD (REGISTERED NUMBER: 07967921)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,629 10,121
Trade creditors 3,502 14,772
Taxation and social security 46,876 29,183
Other creditors 12,633 44,178
73,640 98,254

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,916 26,428

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 15,000 15,000
Between one and five years 30,000 45,000
45,000 60,000

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
Mr M A Edwards and Mrs C L Edwards
Balance outstanding at start of year - 23,311
Amounts repaid - (23,311 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loan owing by the directors to the company is repayable on demand and no interest has been charged.