Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30No description of principal activity2022-12-01false1818falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08810667 2022-12-01 2023-11-30 08810667 2021-12-01 2022-11-30 08810667 2023-11-30 08810667 2022-11-30 08810667 c:Director1 2022-12-01 2023-11-30 08810667 d:Buildings d:ShortLeaseholdAssets 2022-12-01 2023-11-30 08810667 d:Buildings d:ShortLeaseholdAssets 2023-11-30 08810667 d:Buildings d:ShortLeaseholdAssets 2022-11-30 08810667 d:FurnitureFittings 2022-12-01 2023-11-30 08810667 d:FurnitureFittings 2023-11-30 08810667 d:FurnitureFittings 2022-11-30 08810667 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 08810667 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 08810667 d:CurrentFinancialInstruments 2023-11-30 08810667 d:CurrentFinancialInstruments 2022-11-30 08810667 d:Non-currentFinancialInstruments 2023-11-30 08810667 d:Non-currentFinancialInstruments 2022-11-30 08810667 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 08810667 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 08810667 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 08810667 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 08810667 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-11-30 08810667 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-11-30 08810667 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-11-30 08810667 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-11-30 08810667 d:ShareCapital 2023-11-30 08810667 d:ShareCapital 2022-11-30 08810667 d:RetainedEarningsAccumulatedLosses 2023-11-30 08810667 d:RetainedEarningsAccumulatedLosses 2022-11-30 08810667 c:OrdinaryShareClass1 2022-12-01 2023-11-30 08810667 c:OrdinaryShareClass1 2023-11-30 08810667 c:OrdinaryShareClass1 2022-11-30 08810667 c:FRS102 2022-12-01 2023-11-30 08810667 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 08810667 c:FullAccounts 2022-12-01 2023-11-30 08810667 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08810667 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 08810667 d:AcceleratedTaxDepreciationDeferredTax 2022-11-30 08810667 2 2022-12-01 2023-11-30 08810667 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08810667









TCR BAR LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
TCR BAR LIMITED
REGISTERED NUMBER: 08810667

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
124,021
108,371

  
124,021
108,371

Current assets
  

Stocks
  
8,915
7,972

Debtors: amounts falling due within one year
 6 
63,307
3,997

Cash at bank and in hand
 7 
36,942
106,976

  
109,164
118,945

Creditors: amounts falling due within one year
 8 
(171,859)
(147,253)

Net current liabilities
  
 
 
(62,695)
 
 
(28,308)

Total assets less current liabilities
  
61,326
80,063

Creditors: amounts falling due after more than one year
 9 
(43,065)
(62,501)

Provisions for liabilities
  

Deferred tax
 11 
(12,467)
(13,489)

  
 
 
(12,467)
 
 
(13,489)

Net assets
  
5,794
4,073


Capital and reserves
  

Called up share capital 
 12 
100
100

Profit and loss account
  
5,694
3,973

  
5,794
4,073


Page 1

 
TCR BAR LIMITED
REGISTERED NUMBER: 08810667
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






Mehmet Coskun
Director

Date: 20 August 2024

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
TCR BAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

TCR Bar Limited is a private company limited by share capital, incorporated in England and Wales, registration number is 08810667 . The address of the registered office is 291 Green Lanes, London N13 4XS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods
The sale of food and beverages are recognised at the point of sale.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
TCR BAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
TCR BAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, reducing balance and straight line basis.

Depreciation is provided on the following basis:

Short-term leasehold property and improvements
-
10 years straight line
Fixtures and fittings
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash
Page 5

 
TCR BAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)


2.12
Financial instruments (continued)

equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Page 6

 
TCR BAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)


2.12
Financial instruments (continued)

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.15

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.16

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.17

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 18 (2022 - 18).

Page 7

 
TCR BAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Dividends

2023
2022
£
£


Final dividends paid
58,000
38,000

58,000
38,000


5.


Tangible fixed assets





Short-term leasehold property 
improvem-ents
Fixtures and fittings
Total

£
£
£



Cost


At 1 December 2022
71,815
258,959
330,774


Additions
43,838
-
43,838



At 30 November 2023

115,653
258,959
374,612



Depreciation


At 1 December 2022
29,938
192,464
222,402


Charge for the year on owned assets
11,565
16,624
28,189



At 30 November 2023

41,503
209,088
250,591



Net book value



At 30 November 2023
74,150
49,871
124,021



At 30 November 2022
41,876
66,495
108,371

Page 8

 
TCR BAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Debtors

2023
2022
£
£


Other debtors
60,000
-

Prepayments and accrued income
3,307
3,997

63,307
3,997



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
36,942
106,976

36,942
106,976



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
19,214
18,954

Trade creditors
61,037
70,948

Corporation tax
25,970
1,585

Other taxation and social security
36,351
25,206

Other creditors
19,237
23,875

Accruals and deferred income
10,050
6,685

171,859
147,253



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
43,065
62,501

43,065
62,501


Page 9

 
TCR BAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
19,214
18,954

Amounts falling due 1-2 years

Bank loans
20,099
19,775

Amounts falling due 2-5 years

Bank loans
22,966
42,726


62,279
81,455



11.


Deferred taxation




2023


£






At beginning of year
(13,488)


Charged to profit or loss
1,021



At end of year
(12,467)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(12,468)
(13,488)

(12,468)
(13,488)


12.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


Page 10

 
TCR BAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

13.


Related party transactions

Included within Other debtors at the year end is a loan amount of £60,000 (2022: £nil) due to a company under common control. The loan is unsecured, free of interest and repayable on demand.

 
Page 11