Acorah Software Products - Accounts Production 15.0.600 false true true false 2 June 2023 31 March 2024 31 March 2024 14910610 Mr Sebastian Charles Benedict Lewis Mr Benedict Adam Lucius Butterworth Mr Joseph Edward Penzer Haynes Mr Thomas James Hurst iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14910610 2023-06-01 14910610 2024-03-31 14910610 2023-06-02 2024-03-31 14910610 frs-core:CurrentFinancialInstruments 2024-03-31 14910610 frs-core:BetweenOneFiveYears 2024-03-31 14910610 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 14910610 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-02 2024-03-31 14910610 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-01 14910610 frs-core:WithinOneYear 2024-03-31 14910610 frs-core:ShareCapital 2024-03-31 14910610 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 14910610 frs-bus:PrivateLimitedCompanyLtd 2023-06-02 2024-03-31 14910610 frs-bus:FilletedAccounts 2023-06-02 2024-03-31 14910610 frs-bus:SmallEntities 2023-06-02 2024-03-31 14910610 frs-bus:AuditExempt-NoAccountantsReport 2023-06-02 2024-03-31 14910610 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-02 2024-03-31 14910610 frs-bus:Director1 2023-06-02 2024-03-31 14910610 frs-bus:Director2 2023-06-02 2024-03-31 14910610 frs-bus:Director3 2023-06-02 2024-03-31 14910610 frs-bus:Director4 2023-06-02 2024-03-31 14910610 frs-countries:EnglandWales 2023-06-02 2024-03-31
Registered number: 14910610
Cloth Restaurant Group Limited
Unaudited Financial Statements
For the Period 2 June 2023 to 31 March 2024
Max Accountants Ltd
Ketton Suite
The King Centre
Oakham
Rutland
LE15 7WD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14910610
31 March 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 7,360
7,360
CURRENT ASSETS
Stocks 5 1,657
Debtors 6 99,989
Cash at bank and in hand 45,973
147,619
Creditors: Amounts Falling Due Within One Year 7 (188,534 )
NET CURRENT ASSETS (LIABILITIES) (40,915 )
TOTAL ASSETS LESS CURRENT LIABILITIES (33,555 )
NET LIABILITIES (33,555 )
CAPITAL AND RESERVES
Called up share capital 8 3
Profit and Loss Account (33,558 )
SHAREHOLDERS' FUNDS (33,555)
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For the period 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Benedict Adam Lucius Butterworth
Director
17 October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cloth Restaurant Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14910610 . The registered office is 44 Cloth Fair Cloth Restaurant, 44 Cloth Fair, London, EC1A 7JQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. Therefore the financial statements have been prepared on a going concern basis which assumes the Company will continue in operational existence for the foreseeable future. 
2.3. Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 20 years straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
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2.8. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price including transaction costs.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
-
4. Tangible Assets
Land & Property
Leasehold
£
Cost
As at 2 June 2023 -
Additions 7,420
As at 31 March 2024 7,420
Depreciation
As at 2 June 2023 -
Provided during the period 60
As at 31 March 2024 60
Net Book Value
As at 31 March 2024 7,360
As at 2 June 2023 -
5. Stocks
31 March 2024
£
Stock 1,657
6. Debtors
31 March 2024
£
Due within one year
Other debtors 99,989
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7. Creditors: Amounts Falling Due Within One Year
31 March 2024
£
Trade creditors 8,355
Other creditors 180,179
188,534
8. Share Capital
31 March 2024
£
Allotted, Called up and fully paid 3
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 March 2024
£
Not later than one year 19,638
Later than one year and not later than five years 73,644
93,282
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