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REGISTERED NUMBER: 07637634 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MARKET CAFE LONDON LIMITED

MARKET CAFE LONDON LIMITED (REGISTERED NUMBER: 07637634)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARKET CAFE LONDON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R M Seigler
H O Warner
F C B Warner





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 07637634 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

MARKET CAFE LONDON LIMITED (REGISTERED NUMBER: 07637634)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,336 6,252

CURRENT ASSETS
Stocks 5,004 3,886
Debtors 5 131,217 140,466
Cash at bank and in hand 160,951 218,391
297,172 362,743
CREDITORS
Amounts falling due within one year 6 (231,073 ) (222,620 )
NET CURRENT ASSETS 66,099 140,123
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,435

146,375

CREDITORS
Amounts falling due after more than one year 7 (24,000 ) (40,000 )
NET ASSETS 48,435 106,375

CAPITAL AND RESERVES
Called up share capital 8 126,250 126,250
Retained earnings (77,815 ) (19,875 )
SHAREHOLDERS' FUNDS 48,435 106,375

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

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

MARKET CAFE LONDON LIMITED (REGISTERED NUMBER: 07637634)

BALANCE SHEET - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2024 and were signed on its behalf by:





R M Seigler - Director


MARKET CAFE LONDON LIMITED (REGISTERED NUMBER: 07637634)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Market Cafe London Limited 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.

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 represents restaurant sales and gratuities, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Cycle to work scheme - 20% on reducing balance

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 Income Statement, 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.

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.

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.

MARKET CAFE LONDON LIMITED (REGISTERED NUMBER: 07637634)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Tronc scheme
The company set up a tronc scheme in May 2011 whereby the discretionary service charges received are wholly administered and distributed by the tronc master in accordance with standard industry practice. Whereas all of the receipts and payments of the scheme (2023: £136,635; 2022: £132,082) are under the control of the tronc master, the director is of the opinion that these amounts should be included in sales and wages in the accounts in order to present a consistent view of the performance of the financial period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 23 ) .

4. TANGIBLE FIXED ASSETS
Fixtures Cycle to
Short and work
leasehold fittings scheme Totals
£    £    £    £   
COST
At 1 January 2023 40,695 223,896 - 264,591
Additions - - 1,667 1,667
At 31 December 2023 40,695 223,896 1,667 266,258
DEPRECIATION
At 1 January 2023 40,695 217,644 - 258,339
Charge for year - 1,250 333 1,583
At 31 December 2023 40,695 218,894 333 259,922
NET BOOK VALUE
At 31 December 2023 - 5,002 1,334 6,336
At 31 December 2022 - 6,252 - 6,252

5. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 2,937 4,965
Other debtors 12,790 14,349
15,727 19,314

Amounts falling due after more than one year:
Other debtors 115,490 121,152

Aggregate amounts 131,217 140,466

MARKET CAFE LONDON LIMITED (REGISTERED NUMBER: 07637634)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 16,000 16,000
Trade creditors 76,828 82,248
Taxation and social security 53,006 48,651
Other creditors 85,239 75,721
231,073 222,620

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 24,000 40,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
125,000 A Ordinary 1p 1,250 1,250
125,000 B Ordinary £1 125,000 125,000
126,250 126,250

9. RELATED PARTY DISCLOSURES

Regalplan Limited

A company in which R Seigler is a director.


Management fees of £18,000 (2022: £48,000) were charged by Regalplan Ltd during the year.

31.12.23 31.12.22
£    £   
Amount due from related party at the balance sheet date 14,965 23,027