Registered number
07091351
Cucina Rustica Limited
Unaudited Filleted Accounts
31 December 2023
Cucina Rustica Limited
Registered number: 07091351
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 796,440 813,299
Current assets
Stocks 15,840 14,075
Debtors 4 512 1,022
Cash at bank and in hand 243,408 117,377
259,760 132,474
Creditors: amounts falling due within one year 5 (713,837) (698,464)
Net current liabilities (454,077) (565,990)
Total assets less current liabilities 342,363 247,309
Creditors: amounts falling due after more than one year 6 (35,790) (85,187)
Provisions for liabilities (5,515) (5,476)
Net assets 301,058 156,646
Capital and reserves
Called up share capital 100 100
Profit and loss account 300,958 156,546
Shareholders' funds 301,058 156,646
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 members have 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.
Mr A Ferro
Director
Approved by the board on 21 March 2024
Cucina Rustica Limited
Notes to the Accounts
for the year ended 31 December 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).
Turnover
Turnover is measured at the fair value of the consideration received, net of vat. Turnover includes revenue earned from the sale of goods and from the rendering of services.
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 over its expected useful life, as follows:
Freehold buildings over 50 years
Motor vehicles over 4 years
Fixtures and fittings over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 33 34
3 Tangible fixed assets
Land and buildings Fixtures and fittings Motor vehicles Total
£ £ £ £
Cost
At 1 January 2023 932,970 301,766 26,383 1,261,119
Additions - 3,889 - 3,889
At 31 December 2023 932,970 305,655 26,383 1,265,008
Depreciation
At 1 January 2023 124,080 297,358 26,382 447,820
Charge for the year 15,660 5,088 - 20,748
At 31 December 2023 139,740 302,446 26,382 468,568
Net book value
At 31 December 2023 793,230 3,209 1 796,440
At 31 December 2022 808,890 4,408 1 813,299
4 Debtors 2023 2022
£ £
Other debtors 512 1,022
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 55,762 53,260
Trade creditors 90,757 75,779
Corporation tax 58,133 38,099
Other taxes and social security costs 73,607 54,344
Other creditors 435,578 476,982
713,837 698,464
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 35,790 85,187
7 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 67,323 136,196
The bank loans are secured on the freehold property.
8 Controlling Party
There is no controlling party for Cucina Rustica Limited.
9 Other Information
Cucina Rustica Limited is a private company limited by shares and incorporated in England. Its registered office is: 24 Ludgate Hill, St Pauls Square, Birmingham B3 1DX
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