Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-302022-12-01falseHospitality in the form of a cafe2222falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12314507 2022-12-01 2023-11-30 12314507 2021-12-01 2022-11-30 12314507 2023-11-30 12314507 2022-11-30 12314507 c:Director1 2022-12-01 2023-11-30 12314507 d:Buildings d:ShortLeaseholdAssets 2022-12-01 2023-11-30 12314507 d:Buildings d:ShortLeaseholdAssets 2023-11-30 12314507 d:Buildings d:ShortLeaseholdAssets 2022-11-30 12314507 d:PlantMachinery 2022-12-01 2023-11-30 12314507 d:PlantMachinery 2023-11-30 12314507 d:PlantMachinery 2022-11-30 12314507 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 12314507 d:FurnitureFittings 2022-12-01 2023-11-30 12314507 d:FurnitureFittings 2023-11-30 12314507 d:FurnitureFittings 2022-11-30 12314507 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 12314507 d:ComputerEquipment 2022-12-01 2023-11-30 12314507 d:ComputerEquipment 2023-11-30 12314507 d:ComputerEquipment 2022-11-30 12314507 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 12314507 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 12314507 d:CopyrightsPatentsTrademarksServiceOperatingRights 2022-12-01 2023-11-30 12314507 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-11-30 12314507 d:CopyrightsPatentsTrademarksServiceOperatingRights 2022-11-30 12314507 d:CurrentFinancialInstruments 2023-11-30 12314507 d:CurrentFinancialInstruments 2022-11-30 12314507 d:Non-currentFinancialInstruments 2023-11-30 12314507 d:Non-currentFinancialInstruments 2022-11-30 12314507 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 12314507 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 12314507 d:ShareCapital 2023-11-30 12314507 d:ShareCapital 2022-11-30 12314507 d:RetainedEarningsAccumulatedLosses 2023-11-30 12314507 d:RetainedEarningsAccumulatedLosses 2022-11-30 12314507 c:OrdinaryShareClass1 2022-12-01 2023-11-30 12314507 c:OrdinaryShareClass1 2023-11-30 12314507 c:OrdinaryShareClass1 2022-11-30 12314507 c:FRS102 2022-12-01 2023-11-30 12314507 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 12314507 c:FullAccounts 2022-12-01 2023-11-30 12314507 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 12314507 d:WithinOneYear 2023-11-30 12314507 d:WithinOneYear 2022-11-30 12314507 d:BetweenOneFiveYears 2023-11-30 12314507 d:BetweenOneFiveYears 2022-11-30 12314507 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2022-12-01 2023-11-30 12314507 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12314507









HIDEAWAY LONDON LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
HIDEAWAY LONDON LIMITED
REGISTERED NUMBER: 12314507

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible fixed assets
 4 
7,317
8,151

Tangible assets
 5 
93,612
115,975

  
100,929
124,126

Current assets
  

Stocks
  
12,568
13,417

Debtors: amounts falling due after more than one year
 6 
20,000
20,000

Debtors: amounts falling due within one year
 6 
514,777
579,379

Cash at bank and in hand
  
70,890
60,125

  
618,235
672,921

Creditors: amounts falling due within one year
 7 
(311,964)
(470,932)

Net current assets
  
 
 
306,271
 
 
201,989

Total assets less current liabilities
  
407,200
326,115

  

Net assets
  
407,200
326,115


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
407,199
326,114

  
407,200
326,115


Page 1

 
HIDEAWAY LONDON LIMITED
REGISTERED NUMBER: 12314507
    
STATEMENT OF FINANCIAL POSITION (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 her 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 income and retained earnings 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: 




T Fokina
Director

Date: 27 August 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
HIDEAWAY LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

The Company's principal activity is that of hospitality in the form of a cafe situated at 100 Mount Street, London, W1K 2TG.
The Company is a private company limited by shares and incorporated in England and Wales.
The Registered Office address is Connaught House, 1-3 Mount Street, London, W1K 3NB.

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.

Revenue comprises both income arising from the sale of food and drink net of value added tax and income arising as a result of service charges relating to the sale of this food and drink.
Revenue is recognised when food and drink is provided to the customer.

 
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

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
HIDEAWAY LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.5

Taxation

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 reporting date in the countries where the Company operates and generates income.

 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Trademarks
-
10
years

 
2.7

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
5%
Plant and machinery
-
33%
Fixtures and fittings
-
33%
Computer equipment
-
33%

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.

Page 4

 
HIDEAWAY LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.8

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 reporting 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.

 
2.9

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.

 
2.10

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.
(i) Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, 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.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

 
Page 5

 
HIDEAWAY LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)


2.10
Financial instruments (continued)

(iii) Offsetting
Financial assets and liabilities are offset and 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 22 (2022 - 22).


4.


Intangible assets




Trademarks

£



Cost


At 1 December 2022
8,343



At 30 November 2023

8,343



Amortisation


At 1 December 2022
192


Charge for the year on owned assets
834



At 30 November 2023

1,026



Net book value



At 30 November 2023
7,317



At 30 November 2022
8,151



Page 6

 
HIDEAWAY LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 December 2022
82,231
-
123,626
3,619
209,476


Additions
4,404
9,673
9,616
1,663
25,356



At 30 November 2023

86,635
9,673
133,242
5,282
234,832



Depreciation


At 1 December 2022
8,804
-
83,114
1,583
93,501


Charge for the year on owned assets
4,294
1,566
40,116
1,743
47,719



At 30 November 2023

13,098
1,566
123,230
3,326
141,220



Net book value



At 30 November 2023
73,537
8,107
10,012
1,956
93,612



At 30 November 2022
73,427
-
40,512
2,036
115,975

Page 7

 
HIDEAWAY LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
20,000
20,000


2023
2022
£
£

Due within one year

Trade debtors
54,269
37,406

Amounts owed by related parties
383,645
465,000

Other debtors
3,301
11,744

Prepayments and accrued income
73,562
65,229

514,777
579,379



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
93,909
126,312

Corporation tax
28,416
70,347

Other taxation and social security
72,398
59,436

Other creditors
72,674
204,994

Accruals and deferred income
44,567
9,843

311,964
470,932



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1


Page 8

 
HIDEAWAY LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

9.


Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. Contributions totalling £Nil (2022 - £3,013) were payable to the fund at the balance sheet date.


10.


Commitments under operating leases

At 30 November 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

As restated
2023
2022
£
£


Not later than 1 year
146,400
146,000

Later than 1 year and not later than 5 years
87,600
234,000

234,000
380,000


11.


Related party transactions

Included in trade debtors is a balance of £5,507 (2022 - £436) receivable from companies under common control.
Included in amounts owed by related parties is an amount receivable of £383,645 
(2022 - £450,000). The amounts receivable to the company under common control is an interest free loan. There is no fixed repayment date attached to the loan. As the loan is repayable on demand the fair value of the loan has not been discounted.
IDuring the year, there were sales £7,572 
(2022 - £1,169) and purchases of £289,279 (2022 - £188,347) with companies under common control.


12.


Controlling party

The ultimate controlling party is E Chichvarkin.

 
Page 9