Registration number:
Gladstone Tea Rooms Ltd
for the Period from 1 April 2023 to 31 July 2024
Gladstone Tea Rooms Ltd
Contents
Company Information |
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Directors' Report |
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Accountants' Report |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Gladstone Tea Rooms Ltd
Company Information
Directors |
Ms Karen Wendy Tait Mrs Clare Louise Glazebrook |
Registered office |
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Accountants |
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Gladstone Tea Rooms Ltd
Directors' Report for the Period from 1 April 2023 to 31 July 2024
The directors present their report and the financial statements for the period from 1 April 2023 to 31 July 2024.
Directors of the company
The directors who held office during the period were as follows:
Principal activity
The principal activity of the company is Cafe
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Gladstone Tea Rooms Ltd
for the Period Ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gladstone Tea Rooms Ltd for the period ended 31 July 2024 as set out on pages 4 to 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of International Accountants (AIA), we are subject to its ethical and other professional requirements.
This report is made solely to the Board of Directors of Gladstone Tea Rooms Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Gladstone Tea Rooms Ltd and state those matters that we have agreed to state to the Board of Directors of Gladstone Tea Rooms Ltd, as a body, in this report in accordance with AIA . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gladstone Tea Rooms Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Gladstone Tea Rooms Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of Gladstone Tea Rooms Ltd. You consider that Gladstone Tea Rooms Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Gladstone Tea Rooms Ltd. 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.
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119a High Street
Clay Cross
Chesterfield
Derbyshire
S45 9DZ
Gladstone Tea Rooms Ltd
(Registration number: 10785988)
Balance Sheet as at 31 July 2024
Note |
2024 |
2023 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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- |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Retained earnings |
3,926 |
3,926 |
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Shareholders' funds |
3,926 |
3,926 |
For the financial period ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Gladstone Tea Rooms Ltd
Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 31 July 2024
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
England
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Gladstone Tea Rooms Ltd
Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 31 July 2024
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Debtors |
Current |
2024 |
2023 |
Other debtors |
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Gladstone Tea Rooms Ltd
Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 31 July 2024
Creditors |
Creditors: amounts falling due within one year
Note |
2024 |
2023 |
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Due within one year |
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Loans and borrowings |
( |
( |
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Trade creditors |
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Accruals and deferred income |
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( |
( |
Share capital |
Loans and borrowings |
Current loans and borrowings
2024 |
2023 |
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Other borrowings |
( |
( |
Dividends |