Registration number:
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Lockwoods Restaurant Limited
trading as
for the Year Ended 31 March 2024
Lockwoods Restaurant Limited
trading as Lockwoods Restaurant
Profit and Loss Account for the Year Ended 31 March 2024
The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.
Lockwoods Restaurant Limited
trading as Lockwoods Restaurant
(Registration number: 09264787)
Balance Sheet as at 31 March 2024
Note |
2024 |
2023 |
|
Creditors: Amounts falling due within one year |
- |
( |
|
Creditors: Amounts falling due after more than one year |
- |
( |
|
Net liabilities |
- |
( |
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Capital and reserves |
|||
Called up share capital |
- |
|
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Retained earnings |
- |
( |
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Shareholders' deficit |
- |
( |
For the financial 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.
For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Director's responsibilities:
• |
|
• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
......................................... |
Lockwoods Restaurant Limited
trading as Lockwoods Restaurant
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Depreciation
Asset class |
Depreciation method and rate |
Leasehold improvements |
10% on a reducing balance basis |
Furniture, fittings and equipment |
25% on a reducing balance basis |
Plant and equipment |
25% on a reducing balance basis |
Amortisation
Asset class |
Amortisation method and rate |
Goodwill |
Equal annual instalments over 10 years |
Lockwoods Restaurant Limited
trading as Lockwoods Restaurant
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Creditors |
Note |
2024 |
2023 |
|
Due within one year |
|||
Loans and borrowings |
- |
|
|
Amounts due to related parties |
- |
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|
- |
|
||
Due after one year |
|||
Loans and borrowings |
- |
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Share capital |
Allotted, called up and fully paid shares
Lockwoods Restaurant Limited
trading as Lockwoods Restaurant
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
2024 |
2023 |
|||
No. |
£ |
No. |
£ |
|
|
|
100 |
|
100 |
|
|
4 |
|
4 |
|
|
|
|
Loans and borrowings |
Non-current loans and borrowings
2024 |
2023 |
|
Bank borrowings |
- |
|
Current loans and borrowings
2024 |
2023 |
|
Bank overdrafts |
- |
|