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FAT RASCAL HOSPITALITY LIMITED

Registered Number
11983824
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

FAT RASCAL HOSPITALITY LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

Jason Allison

Registered Address

C/O The Royal Hotel 27 Main Road
Bolton Le Sands
Carnforth
LA5 8DQ

Registered Number

11983824 (England and Wales)
FAT RASCAL HOSPITALITY LIMITED
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3111,962114,977
111,962114,977
Current assets
Debtors1,312375
Cash at bank and on hand212,783332,780
214,095333,155
Creditors amounts falling due within one year4(153,288)(212,217)
Net current assets (liabilities)60,807120,938
Total assets less current liabilities172,769235,915
Creditors amounts falling due after one year5(10,476)(20,724)
Provisions for liabilities6(825)(1,546)
Net assets161,468213,645
Capital and reserves
Called up share capital100100
Profit and loss account161,368213,545
Shareholders' funds161,468213,645
The financial statements were approved and authorised for issue by the Director on 22 August 2024, and are signed on its behalf by:
Jason Allison
Director
Registered Company No. 11983824
FAT RASCAL HOSPITALITY LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Plant and machinery - 15% reducing balance Fixtures and fittings - 15% reducing balance Office equipment - 3 years straight line
2.Average number of employees

20242023
Average number of employees during the year3931
3.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 July 2374,53076,9246,672158,126
Additions15,0581,4473,16219,667
Disposals(3,328)-(958)(4,286)
At 30 June 2486,26078,3718,876173,507
Depreciation and impairment
At 01 July 2317,90120,3764,87243,149
Charge for year8,9218,6151,49119,027
On disposals(125)-(506)(631)
At 30 June 2426,69728,9915,85761,545
Net book value
At 30 June 2459,56349,3803,019111,962
At 30 June 2356,62956,5481,800114,977
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables26,44523,835
Bank borrowings and overdrafts10,2479,994
Taxation and social security93,94785,207
Other creditors22,52491,217
Accrued liabilities and deferred income1251,964
Total153,288212,217
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts10,47620,724
Total10,47620,724
6.Provisions for liabilities
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet.

2024

2023

££
Net deferred tax liability (asset)8251,546
Total8251,546