Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-282024-02-28false2022-12-16falseNo description of principal activity00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14544308 2022-12-15 14544308 2022-12-16 2024-02-28 14544308 2021-12-16 2022-12-15 14544308 2024-02-28 14544308 c:Director1 2022-12-16 2024-02-28 14544308 d:Buildings d:LongLeaseholdAssets 2022-12-16 2024-02-28 14544308 d:Buildings d:LongLeaseholdAssets 2024-02-28 14544308 d:FurnitureFittings 2022-12-16 2024-02-28 14544308 d:FurnitureFittings 2024-02-28 14544308 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-16 2024-02-28 14544308 d:ComputerEquipment 2022-12-16 2024-02-28 14544308 d:ComputerEquipment 2024-02-28 14544308 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-12-16 2024-02-28 14544308 d:OwnedOrFreeholdAssets 2022-12-16 2024-02-28 14544308 d:ComputerSoftware 2024-02-28 14544308 d:CurrentFinancialInstruments 2024-02-28 14544308 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-28 14544308 d:ShareCapital 2024-02-28 14544308 d:RetainedEarningsAccumulatedLosses 2024-02-28 14544308 c:OrdinaryShareClass1 2022-12-16 2024-02-28 14544308 c:OrdinaryShareClass1 2024-02-28 14544308 c:FRS102 2022-12-16 2024-02-28 14544308 c:AuditExempt-NoAccountantsReport 2022-12-16 2024-02-28 14544308 c:FullAccounts 2022-12-16 2024-02-28 14544308 c:PrivateLimitedCompanyLtd 2022-12-16 2024-02-28 14544308 d:WithinOneYear 2024-02-28 14544308 d:BetweenOneFiveYears 2024-02-28 14544308 d:MoreThanFiveYears 2024-02-28 14544308 d:ComputerSoftware d:InternallyGeneratedIntangibleAssets 2022-12-16 2024-02-28 14544308 2 2022-12-16 2024-02-28 14544308 d:ComputerSoftware d:OwnedIntangibleAssets 2022-12-16 2024-02-28 14544308 e:PoundSterling 2022-12-16 2024-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14544308










LUDO (BATH) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 28 FEBRUARY 2024

 
LUDO (BATH) LIMITED
REGISTERED NUMBER: 14544308

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2024

2024
Note
£

Fixed assets
  

Intangible assets
 4 
6,272

Tangible assets
 5 
857,126

  
863,398

Current assets
  

Stocks
  
19,713

Debtors: amounts falling due within one year
 6 
23,102

Cash at bank and in hand
  
87,338

  
130,153

Creditors: amounts falling due within one year
 7 
(1,026,677)

Net current (liabilities)/assets
  
 
 
(896,524)

Total assets less current liabilities
  
(33,126)

Provisions for liabilities
  

Deferred tax
  
(4,280)

  
 
 
(4,280)

Net (liabilities)/assets
  
(37,406)


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
(37,407)

  
(37,406)


Page 1

 
LUDO (BATH) LIMITED
REGISTERED NUMBER: 14544308
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2024

The directors consider 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 period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 comprehensive income 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: 




L R Prescott Brann
Director

Date: 16 September 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
LUDO (BATH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2024

1.


General information

Ludo (Bath) Limited is a private limited company, limited by shares, registered in England and Wales, registration number 14544308. The registered office address is 10 Queen Street Place, London, United Kingdom, EC4R 1AG.
The company was incorporated on 16 December 2022 and trading commenced on 21 May 2023.
The principal activity of the business is the sale of food and drink.

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

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the
Company and the turnover can be reliably measured. Turnover is measured as the fair value of the
consideration received or receivable, excluding discounts, rebates, value added tax and other taxes.

 
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

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

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

 
LUDO (BATH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
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:

Long-term leasehold property
-
15%
Fixtures and fittings
-
over 5 years
Computer equipment
-
over 3 years

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

 
LUDO (BATH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2024

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

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

  
2.10

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.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the period was 0.
The payroll of Ludo (Bath) Limited is run through Regional Taverns Limited, a company within the same group as Ludo (Bath) Limited.

Page 5

 
LUDO (BATH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2024

4.


Intangible assets



Computer software

£



Cost


Additions
8,500



At 28 February 2024

8,500



Amortisation


Charge for the period on owned assets
2,228



At 28 February 2024

2,228



Net book value



At 28 February 2024
6,272




5.


Tangible fixed assets





Long-term leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


Additions
532,239
391,080
21,935
945,254



At 28 February 2024

532,239
391,080
21,935
945,254



Depreciation


Charge for the period on owned assets
25,585
59,509
3,034
88,128



At 28 February 2024

25,585
59,509
3,034
88,128



Net book value



At 28 February 2024
506,654
331,571
18,901
857,126

Page 6

 
LUDO (BATH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2024

6.


Debtors

2024
£


Other debtors
428

Prepayments and accrued income
22,674

23,102



7.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
108,854

Amounts owed to group undertakings
804,140

Other taxation and social security
49,129

Other creditors
3,075

Accruals and deferred income
61,479

1,026,677



8.


Share capital

2024
£
Allotted, called up and fully paid


1 Ordinary share of £1.00
1


During the period, 1 ordinary share of £1 each is issued and paid at par.


9.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £4,627. Contributions totalling £nil were payable to the fund at the reporting date.

Page 7

 
LUDO (BATH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2024

10.


Commitments under operating leases

At 28 February 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
£


Not later than 1 year
121,341

Later than 1 year and not later than 5 years
498,180

Later than 5 years
1,167,312

1,786,833


11.


Controlling party

The immediate parent company is Regional Taverns Ltd, a company incorporated in United Kingdom.

 
Page 8