Company registration number 11288139 (England and Wales)
LIBERTINE BURGER HOLDINGS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
LIBERTINE BURGER HOLDINGS LTD
COMPANY INFORMATION
Director
Mr C D N Harris
Company number
11288139
Registered office
Unit B Rigby Close
Heathcote Industrial Estate
Warwick
Warwickshire
CV34 6TH
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
National Westminster Bank Plc
Royal Leamington Spa
Royal Priors
59 The Parade
Leamington Spa
CV32 4ZX
LIBERTINE BURGER HOLDINGS LTD
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
LIBERTINE BURGER HOLDINGS LTD
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LIBERTINE BURGER HOLDINGS LTD FOR THE YEAR ENDED 30 APRIL 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Libertine Burger Holdings Ltd for the year ended 30 April 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Libertine Burger Holdings Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Libertine Burger Holdings Ltd and state those matters that we have agreed to state to the board of directors of Libertine Burger Holdings Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Libertine Burger Holdings Ltd and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Libertine Burger Holdings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Libertine Burger Holdings Ltd. You consider that Libertine Burger Holdings Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Libertine Burger Holdings 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 financial statements.

Ormerod Rutter Limited
7 October 2024
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
LIBERTINE BURGER HOLDINGS LTD
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
489,516
555,281
Investments
4
230
230
489,746
555,511
Current assets
Debtors
5
49,669
51,159
Cash at bank and in hand
2,406
11,588
52,075
62,747
Creditors: amounts falling due within one year
6
(190,972)
(280,251)
Net current liabilities
(138,897)
(217,504)
Total assets less current liabilities
350,849
338,007
Creditors: amounts falling due after more than one year
7
(57,417)
(75,695)
Provisions for liabilities
8
(86,377)
(64,791)
Net assets
207,055
197,521
Capital and reserves
Called up share capital
10
100
100
Profit and loss reserves
206,955
197,421
Total equity
207,055
197,521

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

LIBERTINE BURGER HOLDINGS LTD
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2024
30 April 2024
- 3 -
The financial statements were approved and signed by the director and authorised for issue on 7 October 2024
Mr C D N Harris
Director
Company registration number 11288139 (England and Wales)
LIBERTINE BURGER HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
1
Accounting policies
Company information

Libertine Burger Holdings Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit B Rigby Close, Heathcote Industrial Estate, Warwick, Warwickshire, United Kingdom, CV34 6TH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Improvements to property
not provided
Plant and machinery
10% - 25% on reducing balance
Fixtures and fittings
10% - 25% on reducing balance
Computer equipment
33% on cost
Motor vehicles
20% on reducing balance

No depreciation is provided on improvements to property. This treatment may be a departure from the requirements of the Companies Act 2006 concerning depreciation of fixed assets, however, the company follows a program of regular refurbishment and maintenance of its properties which includes the reinstatement of the fabric of the buildings where necessary in order to maintain them to a high standard. Accordingly in the opinion of the director any element of depreciation would be immaterial and no provision has been made, as the residual value would be in excess of cost.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

LIBERTINE BURGER HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 5 -

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
LIBERTINE BURGER HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 6 -
3
Tangible fixed assets
Improvements to property
Plant and machinery
Fixtures and fittings
Computer equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 May 2023
181,388
173,926
96,248
74,404
208,140
734,106
Additions
-
0
3,396
-
0
749
-
0
4,145
At 30 April 2024
181,388
177,322
96,248
75,153
208,140
738,251
Depreciation and impairment
At 1 May 2023
-
0
39,429
33,269
30,678
75,449
178,825
Depreciation charged in the year
-
0
13,535
6,298
23,539
26,538
69,910
At 30 April 2024
-
0
52,964
39,567
54,217
101,987
248,735
Carrying amount
At 30 April 2024
181,388
124,358
56,681
20,936
106,153
489,516
At 30 April 2023
181,388
134,497
62,979
43,726
132,691
555,281
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
230
230
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
4,800
Other debtors
49,669
46,359
49,669
51,159
LIBERTINE BURGER HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 7 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
13,000
8,805
Trade creditors
25,501
23,590
Amounts owed to group undertakings
121,847
186,321
Taxation and social security
6,121
-
0
Other creditors
24,503
61,535
190,972
280,251
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
57,417
75,695
8
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
86,377
64,791
9
Secured debts
The following secured debts are included within creditors:
2024
2023
£
£
Bank loans
70,417
84,500
Bank loans are secured by way of a fixed and floating charge over all assets of the company.
10
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
50
50
50
50
Ordinary of £1 each
50
50
50
50
100
100
100
100
LIBERTINE BURGER HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 8 -
11
Related party transactions

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.

12
Ultimate controlling party

The ultimate controlling party is Mr C D N Harris and Mrs E Harris.

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