Registered number
08733642
Freshcuisine Inns Limited
Filleted Accounts
31 October 2023
Freshcuisine Inns Limited
Registered number: 08733642
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 550,000 551,867
Current assets
Debtors 4 - 65,762
Cash at bank and in hand 160 375
160 66,137
Creditors: amounts falling due within one year 5 (36,578) (49,878)
Net current (liabilities)/assets (36,418) 16,259
Total assets less current liabilities 513,582 568,126
Creditors: amounts falling due after more than one year 6 (267,566) (282,638)
Provisions for liabilities (45,019) (45,374)
Net assets 200,997 240,114
Capital and reserves
Called up share capital 1 1
Profit and loss account 200,996 240,113
Shareholder's funds 200,997 240,114
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Rogers
Director
Approved by the board on 22 August 2024
Freshcuisine Inns Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 November 2022 550,000 18,500 568,500
At 31 October 2023 550,000 18,500 568,500
Depreciation
At 1 November 2022 - 16,633 16,633
Charge for the year - 1,867 1,867
At 31 October 2023 - 18,500 18,500
Net book value
At 31 October 2023 550,000 - 550,000
At 31 October 2022 550,000 1,867 551,867
Freehold land and buildings: 2023 2022
£ £
Historical cost - 288,999
Cumulative depreciation based on historical cost - 47,239
- 241,760
4 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest - 65,762
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 16,118 14,924
Trade creditors 7,276 5,818
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 19,301
Taxation and social security costs 3,515 1,514
Other creditors 9,669 8,321
36,578 49,878
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 114,915 131,033
Other creditors 152,651 151,605
267,566 282,638
7 Controlling party
The company considers its directors to be the ultimate controlling parties.
8 Other information
Freshcuisine Inns Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Cottage
2 Castlefield Road
Reigate
Surrey
RH2 0SH
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