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Registered number: 12107755
Cs Soho Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Triumph Accountants Ltd
Suite 206, Britannia House
11 Glenthorne Road
London
W6 0LH
Contents
Page
Company Information 1
Accountant's Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—7
Page 1
Company Information
Director Mr Alessandro Morelli
Company Number 12107755
Registered Office Suite 206, Britannia House
11 Glenthorne Road
London
W6 0LH
Accountants Triumph Accountants Ltd
Institute of Financial Accountants
Suite 206, Britannia House
11 Glenthorne Road
London
W6 0LH
Page 1
Page 2
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of Cs Soho Ltd for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Cs Soho Ltd for the year ended 31 July 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.
This report is made solely to the director of Cs Soho Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Cs Soho Ltd and state those matters that we have agreed to state to the director of Cs Soho Ltd , as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cs Soho Ltd and its director, as a body, for our work or for this report.
It is your duty to ensure that Cs Soho Ltd 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 or loss of Cs Soho Ltd . You consider that Cs Soho Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Cs Soho Ltd . 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 financial statements.
Signed
13/08/2024
Triumph Accountants Ltd
Institute of Financial Accountants
Suite 206, Britannia House
11 Glenthorne Road
London
W6 0LH
Page 2
Page 3
Balance Sheet
Registered number: 12107755
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 72,000 90,000
Tangible Assets 5 79,453 85,060
151,453 175,060
CURRENT ASSETS
Debtors 6 1,169,044 472,754
Cash at bank and in hand 310,625 779,474
1,479,669 1,252,228
Creditors: Amounts Falling Due Within One Year 7 (385,948 ) (347,675 )
NET CURRENT ASSETS (LIABILITIES) 1,093,721 904,553
TOTAL ASSETS LESS CURRENT LIABILITIES 1,245,174 1,079,613
Creditors: Amounts Falling Due After More Than One Year 8 (758,748 ) (760,815 )
NET ASSETS 486,426 318,798
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 486,326 318,698
SHAREHOLDERS' FUNDS 486,426 318,798
Page 3
Page 4
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Alessandro Morelli
Director
13/08/2024
The notes on pages 5 to 7 form part of these financial statements.
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Cs Soho Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12107755 . The registered office is Suite 206, Britannia House, 11 Glenthorne Road, London, W6 0LH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
It is amortised to profit and loss account over its estimated economic life of 9 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% - reducing balance
Fixtures & Fittings 15% - reducing balance
Computer Equipment 25% - reducing balance
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 5
Page 6
3. Average Number of Employees
Average number of employees, including directors, during the year was: 104 (2023: 105)
104 105
4. Intangible Assets
Other
£
Cost
As at 1 August 2023 162,000
As at 31 July 2024 162,000
Amortisation
As at 1 August 2023 72,000
Provided during the period 18,000
As at 31 July 2024 90,000
Net Book Value
As at 31 July 2024 72,000
As at 1 August 2023 90,000
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2023 24,305 118,247 7,900 150,452
Additions 1,615 9,062 - 10,677
As at 31 July 2024 25,920 127,309 7,900 161,129
Depreciation
As at 1 August 2023 9,181 50,811 5,400 65,392
Provided during the period 4,184 11,475 625 16,284
As at 31 July 2024 13,365 62,286 6,025 81,676
Net Book Value
As at 31 July 2024 12,555 65,023 1,875 79,453
As at 1 August 2023 15,124 67,436 2,500 85,060
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 16,457 -
Other debtors 58 63
16,515 63
Due after more than one year
Other debtors (1) (Debtors > 1 year) Rent deposit (6m rent) 216,000 216,000
Other debtors (2) Security Deposit New Restaurant 10,000 10,000
Acm Elephant Ltd - Loan 91,691 91,691
Other debtors (4) CS Clapham Loan - 155,000
Loan to ACM Foods Ltd 37,231 -
...CONTINUED
Page 6
Page 7
Loan to Touro Picadilly 527,607 -
Loan to CS Clapham 270,000 -
1,152,529 472,691
1,169,044 472,754
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 132,770 105,543
Corporation tax 110,517 105,218
Other taxes and social security 23,583 17,120
VAT 107,078 107,794
Director's loan account 12,000 12,000
385,948 347,675
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - BBL 38,748 40,815
Other creditors (Long term liabilities - creditors > 1 year) Fogo Soho 720,000 720,000
758,748 760,815
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 152,818 -
Page 7