Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01falseNo description of principal activity4427trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13734083 2023-01-01 2023-12-31 13734083 2022-01-01 2022-12-31 13734083 2023-12-31 13734083 2022-12-31 13734083 c:Director1 2023-01-01 2023-12-31 13734083 c:Director2 2023-01-01 2023-12-31 13734083 c:Director3 2023-01-01 2023-12-31 13734083 c:Director4 2023-01-01 2023-12-31 13734083 c:RegisteredOffice 2023-01-01 2023-12-31 13734083 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 13734083 d:Buildings d:ShortLeaseholdAssets 2023-12-31 13734083 d:Buildings d:ShortLeaseholdAssets 2022-12-31 13734083 d:PlantMachinery 2023-01-01 2023-12-31 13734083 d:PlantMachinery 2023-12-31 13734083 d:PlantMachinery 2022-12-31 13734083 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13734083 d:FurnitureFittings 2023-01-01 2023-12-31 13734083 d:FurnitureFittings 2023-12-31 13734083 d:FurnitureFittings 2022-12-31 13734083 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13734083 d:ComputerEquipment 2023-01-01 2023-12-31 13734083 d:ComputerEquipment 2023-12-31 13734083 d:ComputerEquipment 2022-12-31 13734083 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13734083 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 13734083 d:OtherPropertyPlantEquipment 2023-12-31 13734083 d:OtherPropertyPlantEquipment 2022-12-31 13734083 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13734083 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13734083 d:CurrentFinancialInstruments 2023-12-31 13734083 d:CurrentFinancialInstruments 2022-12-31 13734083 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13734083 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13734083 d:ShareCapital 2023-12-31 13734083 d:ShareCapital 2022-12-31 13734083 d:RetainedEarningsAccumulatedLosses 2023-12-31 13734083 d:RetainedEarningsAccumulatedLosses 2022-12-31 13734083 c:FRS102 2023-01-01 2023-12-31 13734083 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13734083 c:FullAccounts 2023-01-01 2023-12-31 13734083 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13734083 2 2023-01-01 2023-12-31 13734083 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 13734083







UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 DECEMBER 2023


RITZ PARADE LIMITED






































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RITZ PARADE LIMITED
 


 
COMPANY INFORMATION


Directors
K Bhojwani 
C Goldberg 
V M Talreja 
K S Trustman 




Registered number
13734083



Registered office
Ground Floor Office No 9
Ritz Parade

London

England

W5 3RA




Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


RITZ PARADE LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7


 


RITZ PARADE LIMITED
REGISTERED NUMBER:13734083



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
511,712
2,399,655

  
511,712
2,399,655

Current assets
  

Stocks
  
-
37,645

Debtors: amounts falling due within one year
 5 
147,861
225,739

Cash at bank and in hand
  
60,871
287,302

  
208,732
550,686

Creditors: amounts falling due within one year
 6 
(4,148,971)
(3,601,982)

Net current liabilities
  
 
 
(3,940,239)
 
 
(3,051,296)

Total assets less current liabilities
  
(3,428,527)
(651,641)

  

Net liabilities
  
(3,428,527)
(651,641)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(3,428,627)
(651,741)

  
(3,428,527)
(651,641)


Page 1

 


RITZ PARADE LIMITED
REGISTERED NUMBER:13734083


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 income and retained earnings 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 by: 




V M Talreja
Director

Date: 22 October 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


RITZ PARADE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Ritz Parade Limited is a private company, limited by shares, registered in England and Wales, with registration number 13734083. The registered office and principal place of business is shown on the company information page. 
These accounts represent a period of 13 months and are not direclty comparable with the previous reporting period.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

The company ceased activity by closing its restaurant on 23 December 2024 and accordingly, the financial statements have been preared on a basis other than going concern. The Directors expect to meet their liabilities through the sale of the leasehold property.
The Directors intend to liquidate the company in due course, once all remaining balances have been settled.

  
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is generated by running of a licensed restaurant and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Page 3

 


RITZ PARADE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Pensions

Defined contribution pension plan

The Company operates 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 profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

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
-
straight line over the life of the lease
Plant and machinery
-
25%
Fixtures and fittings
-
25%
Computer equipment
-
33%
Improvements to property
-
25%

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.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the period was 44 (2022 - 27).

Page 4

 


RITZ PARADE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Fixtures and fittings
Computer equipment
Improvement to property

£
£
£
£
£



Cost or valuation


At 1 January 2023
995,926
130,679
130,095
14,632
1,189,516


Additions
-
22,789
6,995
5,053
96,322


Revaluations
(595,926)
(153,468)
-
-
(1,285,838)



At 31 December 2023

400,000
-
137,090
19,685
-



Depreciation


At 1 January 2023
37,768
2,075
2,038
312
18,998


Charge for the period on owned assets
54,555
40,116
36,290
6,423
341,718


On revalued assets
(92,323)
(42,191)
-
-
(360,716)



At 31 December 2023

-
-
38,328
6,735
-



Net book value



At 31 December 2023
400,000
-
98,762
12,950
-



At 31 December 2022
958,158
128,604
128,057
14,319
1,170,517
Page 5

 


RITZ PARADE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

           4.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 January 2023
2,460,848


Additions
131,159


Revaluations
(2,035,232)



At 31 December 2023

556,775



Depreciation


At 1 January 2023
61,191


Charge for the period on owned assets
479,102


On revalued assets
(495,230)



At 31 December 2023

45,063



Net book value



At 31 December 2023
511,712



At 31 December 2022
2,399,655


5.


Debtors

2023
2022
£
£


Trade debtors
-
5,065

Other debtors
109,000
194,115

Prepayments and accrued income
38,861
26,559

147,861
225,739


Page 6

 


RITZ PARADE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
3,821,273
3,285,607

Trade creditors
215,890
161,837

Other taxation and social security
66,301
27,025

Other creditors
5,467
54,890

Accruals and deferred income
40,040
72,623

4,148,971
3,601,982


 
Page 7