Lockwoods Restaurant Limited 09264787 true 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is as a Restaurant. Digita Accounts Production Advanced 6.30.9574.0 true Mr Matthew Lockwood true 09264787 2023-04-01 2024-03-31 09264787 2024-03-31 09264787 bus:OrdinaryShareClass1 2024-03-31 09264787 bus:OrdinaryShareClass2 2024-03-31 09264787 core:RetainedEarningsAccumulatedLosses 2024-03-31 09264787 core:ShareCapital 2024-03-31 09264787 core:CurrentFinancialInstruments 2024-03-31 09264787 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09264787 core:Non-currentFinancialInstruments 2024-03-31 09264787 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 09264787 bus:FRS102 2023-04-01 2024-03-31 09264787 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09264787 bus:FullAccounts 2023-04-01 2024-03-31 09264787 bus:RegisteredOffice 2023-04-01 2024-03-31 09264787 bus:Director1 2023-04-01 2024-03-31 09264787 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 09264787 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 09264787 bus:EntityNoLongerTradingButTradedInPast 2023-04-01 2024-03-31 09264787 bus:Consolidated 2023-04-01 2024-03-31 09264787 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09264787 core:Goodwill 2023-04-01 2024-03-31 09264787 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 09264787 core:LeaseholdImprovements 2023-04-01 2024-03-31 09264787 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 09264787 countries:England 2023-04-01 2024-03-31 09264787 2022-04-01 2023-03-31 09264787 2023-03-31 09264787 bus:OrdinaryShareClass1 2023-03-31 09264787 bus:OrdinaryShareClass2 2023-03-31 09264787 core:RetainedEarningsAccumulatedLosses 2023-03-31 09264787 core:ShareCapital 2023-03-31 09264787 core:CurrentFinancialInstruments 2023-03-31 09264787 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09264787 core:Non-currentFinancialInstruments 2023-03-31 09264787 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09264787

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Lockwoods Restaurant Limited

trading as Lockwoods Restaurant

Annual Report and Unaudited Financial Statements

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

3

-

(139,948)

Creditors: Amounts falling due after more than one year

3

-

(45,668)

Net liabilities

 

-

(185,616)

Capital and reserves

 

Called up share capital

4

-

104

Retained earnings

-

(185,720)

Shareholders' deficit

 

-

(185,616)

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 director on 22 October 2024
 

.........................................
Mr Matthew Lockwood
Director

 

Lockwoods Restaurant Limited

trading as Lockwoods Restaurant

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
9 Regent Street
Harrogate
HG1 4BE

These financial statements were authorised for issue by the director on 22 October 2024.

2

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.

3

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

5

-

7,813

Amounts due to related parties

-

132,135

 

-

139,948

Due after one year

 

Loans and borrowings

5

-

45,668

4

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.

£

Ordinary A Shares of £1 each

100

100

100

100

Ordinary B Shares of £1 each

4

4

4

4

104

104

104

104

5

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

-

45,668

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

-

7,813