IRIS Accounts Production v24.1.0.578 07457271 Board of Directors 30.12.22 29.12.23 29.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074572712022-12-29074572712023-12-29074572712022-12-302023-12-29074572712021-12-30074572712021-12-312022-12-29074572712022-12-2907457271ns15:EnglandWales2022-12-302023-12-2907457271ns14:PoundSterling2022-12-302023-12-2907457271ns10:Director12022-12-302023-12-2907457271ns10:PrivateLimitedCompanyLtd2022-12-302023-12-2907457271ns10:SmallEntities2022-12-302023-12-2907457271ns10:AuditExempt-NoAccountantsReport2022-12-302023-12-2907457271ns10:SmallCompaniesRegimeForDirectorsReport2022-12-302023-12-2907457271ns10:SmallCompaniesRegimeForAccounts2022-12-302023-12-2907457271ns10:FullAccounts2022-12-302023-12-290745727112022-12-302023-12-2907457271ns10:Director22022-12-302023-12-2907457271ns10:RegisteredOffice2022-12-302023-12-2907457271ns5:CurrentFinancialInstruments2023-12-2907457271ns5:CurrentFinancialInstruments2022-12-2907457271ns5:Non-currentFinancialInstruments2023-12-2907457271ns5:Non-currentFinancialInstruments2022-12-2907457271ns5:ShareCapital2023-12-2907457271ns5:ShareCapital2022-12-2907457271ns5:RetainedEarningsAccumulatedLosses2023-12-2907457271ns5:RetainedEarningsAccumulatedLosses2022-12-2907457271ns5:IntangibleAssetsOtherThanGoodwill2022-12-302023-12-2907457271ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-12-302023-12-2907457271ns5:PlantMachinery2022-12-302023-12-2907457271ns5:IntangibleAssetsOtherThanGoodwill2022-12-2907457271ns5:IntangibleAssetsOtherThanGoodwill2023-12-2907457271ns5:IntangibleAssetsOtherThanGoodwill2022-12-2907457271ns5:PlantMachinery2022-12-2907457271ns5:PlantMachinery2023-12-2907457271ns5:PlantMachinery2022-12-2907457271ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-2907457271ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-2907457271ns5:Secured2023-12-2907457271ns5:Secured2022-12-29
REGISTERED NUMBER: 07457271 (England and Wales)















Financial Statements for the Year Ended 29 December 2023

for

Leaf Tea Shop & Bar (Liverpool) Limited

Leaf Tea Shop & Bar (Liverpool) Limited (Registered number: 07457271)






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 (Liverpool) Limited

Company Information
for the Year Ended 29 December 2023







DIRECTORS: Miss N Haywood
G P Haywood





REGISTERED OFFICE: 65-67 Bold Street
Liverpool
Merseyside
L1 4EZ





REGISTERED NUMBER: 07457271 (England and Wales)





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

Leaf Tea Shop & Bar (Liverpool) Limited (Registered number: 07457271)

Balance Sheet
29 December 2023

29.12.23 29.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,189
Tangible assets 5 143,763 152,512
143,763 154,701

CURRENT ASSETS
Stocks 17,293 19,656
Debtors 6 611,548 675,043
Cash at bank and in hand 17,444 36,219
646,285 730,918
CREDITORS
Amounts falling due within one year 7 597,574 600,784
NET CURRENT ASSETS 48,711 130,134
TOTAL ASSETS LESS CURRENT
LIABILITIES

192,474

284,835

CREDITORS
Amounts falling due after more than
one year

8

(78,704

)

(176,074

)

PROVISIONS FOR LIABILITIES (28,915 ) (28,915 )
NET ASSETS 84,855 79,846

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 84,755 79,746
SHAREHOLDERS' FUNDS 84,855 79,846

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 (Liverpool) Limited (Registered number: 07457271)

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 (Liverpool) Limited (Registered number: 07457271)

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

1. STATUTORY INFORMATION

Leaf Tea Shop & Bar (Liverpool) 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 venue 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 and when the restaurant is occupied as a venue.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

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 - 33% on cost, 15% on reducing balance and 10% on cost

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

Leaf Tea Shop & Bar (Liverpool) Limited (Registered number: 07457271)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

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

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 60 (2022 - 63 ) .

Leaf Tea Shop & Bar (Liverpool) Limited (Registered number: 07457271)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 30 December 2022
and 29 December 2023 12,174
AMORTISATION
At 30 December 2022 9,985
Charge for year 2,189
At 29 December 2023 12,174
NET BOOK VALUE
At 29 December 2023 -
At 29 December 2022 2,189

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 December 2022 369,731
Additions 17,292
At 29 December 2023 387,023
DEPRECIATION
At 30 December 2022 217,219
Charge for year 26,041
At 29 December 2023 243,260
NET BOOK VALUE
At 29 December 2023 143,763
At 29 December 2022 152,512

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.12.23 29.12.22
£    £   
Trade debtors 10,743 7,104
Amounts owed by participating interests 579,579 628,345
Amounts owed by associates - 10,000
Other debtors 21,226 29,594
611,548 675,043

Leaf Tea Shop & Bar (Liverpool) Limited (Registered number: 07457271)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.12.23 29.12.22
£    £   
Bank loans and overdrafts 97,370 133,248
Trade creditors 138,907 135,374
Taxation and social security 306,226 286,911
Other creditors 55,071 45,251
597,574 600,784

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.12.23 29.12.22
£    £   
Bank loans 78,704 176,074

9. SECURED DEBTS

The following secured debts are included within creditors:

29.12.23 29.12.22
£    £   
Bank loans 176,074 309,322