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Registered number: 12899211














KNBY LND OP4 LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

 
KNBY LND OP4 LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 7


 
KNBY LND OP4 LIMITED
REGISTERED NUMBER:12899211

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
516,732
528,866

Current assets
  

Stocks
 5 
496,427
399,983

Debtors: amounts falling due within one year
 6 
566,516
347,039

Cash at bank and in hand
  
273,126
598,088

  
1,336,069
1,345,110

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(1,263,721)
(1,688,557)

Net current assets/(liabilities)
  
 
 
72,348
 
 
(343,447)

Total assets less current liabilities
  
589,080
185,419

Provisions for liabilities
  

Deferred tax
 8 
(117,751)
(17,865)

Net assets
  
471,329
167,554


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
471,328
167,553

  
471,329
167,554


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 on 11 September 2024.




S Pakula
Director

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
KNBY LND OP4 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

KNBY LND OP4 Limited is a private company, limited by shares, incorporated in England and Wales, with its business and registered address at Bob Bob Ricard Restaurant, 1-3 Upper James Street, London, United Kingdom, W1F 9DF. 
The principal activity of the company is the operation of a restaurant under the name Bob Bob Ricard City serving a Russian-inspired modern British and French menu and cocktails. 

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is  £ Sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Revenue

Turnover comprises amounts receivable for restaurant sales, exclusive of Value Added Tax. 
Turnover is recognised at the point of sale. 

 
2.4

Pensions

Defined contribution pension plan
The company contributes to 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 the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 2

 
KNBY LND OP4 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year 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:

1) 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
2) Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

 
2.6

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:

Short-term leasehold property
-
Over the shorter of the lease term and useful life
Fixtures and fittings
-
10-20% straight line

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.

 
2.7

Stocks

Stock are valued at the lower of cost and net realisable value, being the estimated selling price after making due allowance for out of date and slow-moving stocks. 

 
2.8

Debtors

Short term debtors are measured at the transaction price. 

Page 3

 
KNBY LND OP4 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.9

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short term creditors are measured at the transaction price.

 
2.11

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.

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors, trade creditors and loans from related parties. 


3.


Employees

The average monthly number of employees, including directors, during the year was 52 (2022 - 47).

Page 4

 
KNBY LND OP4 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Tangible fixed assets





Short-term leasehold property
Plant, machinery, fixtures and fittings
Total

£
£
£



Cost


At 1 July 2022
267,173
291,803
558,976


Additions
-
23,458
23,458



At 30 June 2023

267,173
315,261
582,434



Depreciation


At 1 July 2022
10,725
19,385
30,110


Charge for the year on owned assets
22,663
12,929
35,592



At 30 June 2023

33,388
32,314
65,702



Net book value



At 30 June 2023
233,785
282,947
516,732



At 30 June 2022
256,448
272,418
528,866


5.


Stocks

2023
2022
£
£

Food,beverage and consumable stock
496,427
399,983


Page 5

 
KNBY LND OP4 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Debtors

2023
2022
£
£


Trade debtors
66,920
83,788

Amounts owed by group undertakings
263,543
-

Other debtors
-
1

Prepayments and accrued income
236,053
263,250

566,516
347,039


7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
91,801
139,099

Amounts owed to group undertakings
596,909
1,146,867

Other taxation and social security
153,369
96,128

Other creditors
6,102
2,837

Accruals and deferred income
415,540
303,626

1,263,721
1,688,557



8.


Deferred taxation




2023
2022


£

£






At beginning of year
(17,865)
-


Charged to profit or loss
(99,886)
(17,865)



At end of year
(117,751)
(17,865)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(120,451)
(121,895)

Tax losses carried forward
2,700
104,030

(117,751)
(17,865)

Page 6

 
KNBY LND OP4 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1
1
1



10.


Guarantee

There is a fixed and floating charge on the Company's assets in respect of bank borrowings by a related company.


11.


Controlling party

The immediate parent company is KNBY (UK) Limited, a company registered in England and Wales. It is the smallest group of which the Company is a member, and for which group accounts are made up and publicly available.


12.


Auditors' information

The auditors' report on the financial statements for the year ended 30 June 2023 was unqualified.

The audit report was signed on 24 September 2024 by Stephen Iseman FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.

 
Page 7