Silverfin false false 31/01/2024 01/02/2023 31/01/2024 Benjamin Charles Hawkins 09/03/2021 Timothy David Hawkins 09/03/2021 09 September 2024 The principle activity of the company during the financial period was to operate as a cafe. 13254315 2024-01-31 13254315 bus:Director1 2024-01-31 13254315 bus:Director2 2024-01-31 13254315 2023-01-31 13254315 core:CurrentFinancialInstruments 2024-01-31 13254315 core:CurrentFinancialInstruments 2023-01-31 13254315 core:ShareCapital 2024-01-31 13254315 core:ShareCapital 2023-01-31 13254315 core:RetainedEarningsAccumulatedLosses 2024-01-31 13254315 core:RetainedEarningsAccumulatedLosses 2023-01-31 13254315 core:LeaseholdImprovements 2023-01-31 13254315 core:FurnitureFittings 2023-01-31 13254315 core:LeaseholdImprovements 2024-01-31 13254315 core:FurnitureFittings 2024-01-31 13254315 bus:OrdinaryShareClass1 2024-01-31 13254315 core:WithinOneYear 2024-01-31 13254315 core:WithinOneYear 2023-01-31 13254315 core:BetweenOneFiveYears 2024-01-31 13254315 core:BetweenOneFiveYears 2023-01-31 13254315 2023-02-01 2024-01-31 13254315 bus:FilletedAccounts 2023-02-01 2024-01-31 13254315 bus:SmallEntities 2023-02-01 2024-01-31 13254315 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 13254315 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13254315 bus:Director1 2023-02-01 2024-01-31 13254315 bus:Director2 2023-02-01 2024-01-31 13254315 core:LeaseholdImprovements core:TopRangeValue 2023-02-01 2024-01-31 13254315 core:FurnitureFittings 2023-02-01 2024-01-31 13254315 2022-02-01 2023-01-31 13254315 core:LeaseholdImprovements 2023-02-01 2024-01-31 13254315 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 13254315 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 13254315 1 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13254315 (England and Wales)

DA BARA (ST MAWES) LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2024
Pages for filing with the registrar

DA BARA (ST MAWES) LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2024

Contents

DA BARA (ST MAWES) LIMITED

BALANCE SHEET

As at 31 January 2024
DA BARA (ST MAWES) LIMITED

BALANCE SHEET (continued)

As at 31 January 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 11,645 13,869
11,645 13,869
Current assets
Stocks 9,058 7,331
Debtors 4 2,462 39,486
Cash at bank and in hand 74,877 16,678
86,397 63,495
Creditors: amounts falling due within one year 5 ( 54,101) ( 44,859)
Net current assets 32,296 18,636
Total assets less current liabilities 43,941 32,505
Provision for liabilities ( 2,911) ( 3,467)
Net assets 41,030 29,038
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 40,930 28,938
Total shareholder's funds 41,030 29,038

For the financial year ending 31 January 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Da Bara (St Mawes) Limited (registered number: 13254315) were approved and authorised for issue by the Board of Directors on 09 September 2024. They were signed on its behalf by:

Benjamin Charles Hawkins
Director
Timothy David Hawkins
Director
DA BARA (ST MAWES) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
DA BARA (ST MAWES) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Da Bara (St Mawes) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, England, United Kingdom. The principal place of business is The Parade, St Mawes, Truro, TR2 5DG, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Leasehold improvements 5 years straight line
Fixtures and fittings 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 18 14

3. Tangible assets

Leasehold improve-
ments
Fixtures and fittings Total
£ £ £
Cost
At 01 February 2023 3,899 14,017 17,916
Additions 0 281 281
At 31 January 2024 3,899 14,298 18,197
Accumulated depreciation
At 01 February 2023 1,304 2,743 4,047
Charge for the financial year 780 1,725 2,505
At 31 January 2024 2,084 4,468 6,552
Net book value
At 31 January 2024 1,815 9,830 11,645
At 31 January 2023 2,595 11,274 13,869

4. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 337 34,488
Other debtors 2,125 4,998
2,462 39,486

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 11,728 17,697
Taxation and social security 16,475 6,173
Other creditors 25,898 20,989
54,101 44,859

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 35,000 35,000
between one and five years 43,750 78,750
78,750 113,750

8. Ultimate controlling party

Parent Company:

Da Bara Limited

The ultimate controlling party are the directors, Mr Benjamin and Mr Timothy Hawkins by virtue of their shareholding in Da Bara Limited.