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REGISTERED NUMBER: 07067146 (England and Wales)















Financial Statements for the Year Ended 29 December 2023

for

Leaf Tea Shop & Bar (Smithdown) Limited

Leaf Tea Shop & Bar (Smithdown) Limited (Registered number: 07067146)






Contents of the Financial Statements
for the Year Ended 29 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Leaf Tea Shop & Bar (Smithdown) Limited

Company Information
for the Year Ended 29 December 2023







DIRECTORS: Miss N Haywood
G P Haywood





REGISTERED OFFICE: 364-368 Smithdown Road
Liverpool
Merseyside
L15 5AN





REGISTERED NUMBER: 07067146 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Leaf Tea Shop & Bar (Smithdown) Limited (Registered number: 07067146)

Balance Sheet
29 December 2023

29.12.23 29.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 140,923 158,416
140,923 158,416

CURRENT ASSETS
Stocks 9,750 9,151
Debtors 6 8,927 191,283
Cash at bank and in hand 53,047 43,758
71,724 244,192
CREDITORS
Amounts falling due within one year 7 263,111 196,803
NET CURRENT (LIABILITIES)/ASSETS (191,387 ) 47,389
TOTAL ASSETS LESS CURRENT
LIABILITIES

(50,464

)

205,805

CREDITORS
Amounts falling due after more than
one year

8

(21,688

)

(28,708

)

PROVISIONS FOR LIABILITIES (29,546 ) (29,546 )
NET (LIABILITIES)/ASSETS (101,698 ) 147,551

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (101,798 ) 147,451
SHAREHOLDERS' FUNDS (101,698 ) 147,551

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Leaf Tea Shop & Bar (Smithdown) Limited (Registered number: 07067146)

Balance Sheet - continued
29 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





Miss N Haywood - Director


Leaf Tea Shop & Bar (Smithdown) Limited (Registered number: 07067146)

Notes to the Financial Statements
for the Year Ended 29 December 2023

1. STATUTORY INFORMATION

Leaf Tea Shop & Bar (Smithdown) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Impact of Covid-19
The accounts have been prepared on a going concern basis despite the bar being closed at various times since the beginning of the pandemic. The directors are confident that the company will return back to profitability after the pandemic is over.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover arises from the running of a licenced restaurant and is measured at the fair value of the consideration received or receivable, excluding discounts, rebated, value added tax and other sales taxes. Revenue is recognised upon sale of food and drink.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance and in accordance with the property

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Intercompany loans (being repayable on demand) and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.


Leaf Tea Shop & Bar (Smithdown) Limited (Registered number: 07067146)

Notes to the Financial Statements - continued
for the Year Ended 29 December 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2022 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 30 December 2022
and 29 December 2023 11,104
AMORTISATION
At 30 December 2022
and 29 December 2023 11,104
NET BOOK VALUE
At 29 December 2023 -
At 29 December 2022 -

Leaf Tea Shop & Bar (Smithdown) Limited (Registered number: 07067146)

Notes to the Financial Statements - continued
for the Year Ended 29 December 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 December 2022 368,415
Additions 6,982
At 29 December 2023 375,397
DEPRECIATION
At 30 December 2022 209,999
Charge for year 24,475
At 29 December 2023 234,474
NET BOOK VALUE
At 29 December 2023 140,923
At 29 December 2022 158,416

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.12.23 29.12.22
£    £   
Amounts owed by associates - 179,881
Other debtors 8,927 11,402
8,927 191,283

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.12.23 29.12.22
£    £   
Bank loans and overdrafts 9,935 9,935
Trade creditors 76,590 72,729
Amounts owed to associates 13,584 -
Taxation and social security 96,929 105,504
Other creditors 66,073 8,635
263,111 196,803

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.12.23 29.12.22
£    £   
Bank loans 21,688 28,708

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 18,773