Company Registration No. 13396087 (England and Wales)
Abel Restaurant Ltd
Unaudited accounts
for the year ended 31 March 2024
Abel Restaurant Ltd
Unaudited accounts
Contents
Abel Restaurant Ltd
Company Information
for the year ended 31 March 2024
Company Number
13396087 (England and Wales)
Registered Office
38 Southwick Street
London
W2 1JQ
ENGLAND
Accountants
ALS Accountancy
53 Gowan Avenue
Fulham
London
SW6 6RH
Abel Restaurant Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
80,984
67,974
Cash at bank and in hand
567
10
Creditors: amounts falling due within one year
(344,639)
(121,443)
Net current liabilities
(319,292)
(92,155)
Total assets less current liabilities
(238,308)
(24,181)
Creditors: amounts falling due after more than one year
(2,910)
(87,193)
Net liabilities
(241,218)
(111,374)
Called up share capital
100
100
Profit and loss account
(241,318)
(111,474)
Shareholders' funds
(241,218)
(111,374)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 April 2024 and were signed on its behalf by
Abia Aaron
Director
Company Registration No. 13396087
Abel Restaurant Ltd
Notes to the Accounts
for the year ended 31 March 2024
Abel Restaurant Ltd is a private company, limited by shares, registered in England and Wales, registration number 13396087. The registered office is 38 Southwick Street, London, W2 1JQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Total
Charge for the year
21,213
Abel Restaurant Ltd
Notes to the Accounts
for the year ended 31 March 2024
5
Operating lease commitments
2024
2023
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
96,000
80,500
Later than one year and not later than five years
384,000
384,000
Later than five years
1,344,000
1,440,000
6
Transactions with related parties
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.
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).