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Registered Number: 11686137
England and Wales

 

 

 

THE INDIAN TAVERN LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 December 2022

End date: 30 November 2023
Report to the directors on the preparation of the unaudited statutory accounts of THE INDIAN TAVERN LIMITED for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of THE INDIAN TAVERN LIMITED for the year ended 30 November 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of THE INDIAN TAVERN LIMITED, as a body, in accordance with the terms of our engagement letter dated 01 November 2019 Our work has been undertaken solely to prepare for your approval the accounts of THE INDIAN TAVERN LIMITED and state those matters that we have agreed to state to the Board of Directors of THE INDIAN TAVERN LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than THE INDIAN TAVERN LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that THE INDIAN TAVERN LIMITED 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 of THE INDIAN TAVERN LIMITED. You consider that THE INDIAN TAVERN LIMITED is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of THE INDIAN TAVERN LIMITED. 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 statutory accounts
30 November 2023



....................................................
RAGAVAN AND CO LTD
CHARTERED CERTIFIED ACCOUNTANTS
240 GROVE LANE
BIRMINGHAM
WEST MIDLANDS
B20 2EY
31 August 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 220,885    261,258 
220,885    261,258 
Current assets      
Stocks 24,560    16,560 
Debtors 9,762    4,672 
Cash at bank and in hand 27,190    26,141 
61,512    47,373 
Creditors: amount falling due within one year (160,030)   (156,943)
Net current assets (98,518)   (109,570)
 
Total assets less current liabilities 122,367    151,688 
Creditors: amount falling due after more than one year (317,001)   (307,001)
Provisions for liabilities   268 
Net assets (194,634)   (155,045)
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account (194,734)   (155,145)
Shareholders' funds (194,634)   (155,045)
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 31 August 2024 and were signed by:


-------------------------------
HARMOHAN SOOD
Director
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General Information
THE INDIAN TAVERN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11686137, registration address UNIT 8/9 THE WATERFRONT, LEVEL STREET BRIERLEY HILL, DY5 1XG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Fixtures and Fittings 20% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 26 (2022 : 25).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Total
  £   £   £
At 01 December 2022 18,360    379,433    397,793 
Additions 12,022    2,827    14,849 
Disposals    
At 30 November 2023 30,382    382,260    412,642 
Depreciation
At 01 December 2022 5,476    131,059    136,535 
Charge for year 4,981    50,241    55,222 
On disposals    
At 30 November 2023 10,457    181,300    191,757 
Net book values
Closing balance as at 30 November 2023 19,925    200,960    220,885 
Opening balance as at 01 December 2022 12,884    248,374    261,258 


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