Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-03-24falseNo description of principal activity21falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14755497 2023-03-23 14755497 2023-03-24 2024-03-31 14755497 2022-03-24 2023-03-23 14755497 2024-03-31 14755497 c:Director1 2023-03-24 2024-03-31 14755497 d:Buildings d:LongLeaseholdAssets 2023-03-24 2024-03-31 14755497 d:Buildings d:LongLeaseholdAssets 2024-03-31 14755497 d:FurnitureFittings 2023-03-24 2024-03-31 14755497 d:FurnitureFittings 2024-03-31 14755497 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-24 2024-03-31 14755497 d:OwnedOrFreeholdAssets 2023-03-24 2024-03-31 14755497 d:Goodwill 2023-03-24 2024-03-31 14755497 d:Goodwill 2024-03-31 14755497 d:CurrentFinancialInstruments 2024-03-31 14755497 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14755497 d:ShareCapital 2024-03-31 14755497 d:RetainedEarningsAccumulatedLosses 2024-03-31 14755497 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 14755497 c:OrdinaryShareClass1 2023-03-24 2024-03-31 14755497 c:OrdinaryShareClass1 2024-03-31 14755497 c:FRS102 2023-03-24 2024-03-31 14755497 c:AuditExempt-NoAccountantsReport 2023-03-24 2024-03-31 14755497 c:FullAccounts 2023-03-24 2024-03-31 14755497 c:PrivateLimitedCompanyLtd 2023-03-24 2024-03-31 14755497 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2023-03-24 2024-03-31 14755497 d:Goodwill d:OwnedIntangibleAssets 2023-03-24 2024-03-31 14755497 e:PoundSterling 2023-03-24 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14755497









FORA (CITY) RESTAURANT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
FORA (CITY) RESTAURANT LIMITED
REGISTERED NUMBER: 14755497

BALANCE SHEET
AS AT 31 MARCH 2024

2024
Note
£

Fixed assets
  

Intangible assets
 4 
16,000

Tangible assets
 5 
20,633

  
36,633

Current assets
  

Stocks
  
6,642

Debtors: amounts falling due within one year
 6 
70,413

Cash at bank and in hand
 7 
166,614

  
243,669

Creditors: amounts falling due within one year
 8 
(203,124)

Net current assets
  
 
 
40,545

Total assets less current liabilities
  
77,178

Provisions for liabilities
  

Deferred tax
  
(2,856)

  
 
 
(2,856)

Net assets
  
74,322


Capital and reserves
  

Called up share capital 
 10 
1,000

Profit and loss account
  
73,322

  
74,322


The director considers 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 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 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 comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
Page 1

 
FORA (CITY) RESTAURANT LIMITED
REGISTERED NUMBER: 14755497
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 October 2024.




Sadettin Guler
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
FORA (CITY) RESTAURANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Fora (City) Restaurant Limited is a private company limited by share capital, incorporated in England and Wales, registration number 14755497. The address of the registered office is 291 Green Lanes, London N13 4XS.

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

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 measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue from the sale of food and beverages is recognised at the point of sale.

 
2.3

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.

 
2.4

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.

 
2.5

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
FORA (CITY) RESTAURANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Goodwill
-
5
years

Page 4

 
FORA (CITY) RESTAURANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

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:

Long-term leasehold property
-
20%
Fixtures and fittings
-
20%

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.

 
2.9

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 balance sheet 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.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
FORA (CITY) RESTAURANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the period was 21.


4.


Intangible assets



Goodwill

£



Cost


Additions
20,000



At 31 March 2024

20,000



Amortisation


Charge for the period on owned assets
4,000



At 31 March 2024

4,000



Net book value



At 31 March 2024
16,000



Page 6

 
FORA (CITY) RESTAURANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.


Tangible fixed assets





Long-term leasehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


Additions
11,515
14,277
25,792



At 31 March 2024

11,515
14,277
25,792



Depreciation


Charge for the period on owned assets
2,303
2,856
5,159



At 31 March 2024

2,303
2,856
5,159



Net book value



At 31 March 2024
9,212
11,421
20,633


6.


Debtors

2024
£


Other debtors
48,000

Prepayments and accrued income
22,413

70,413



7.


Cash and cash equivalents

2024
£

Cash at bank and in hand
166,614

166,614


Page 7

 
FORA (CITY) RESTAURANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
62,031

Corporation tax
27,610

Other taxation and social security
39,296

Other creditors
62,639

Accruals and deferred income
11,548

203,124



9.


Deferred taxation



2024


£






Charged to profit or loss
(2,856)



At end of year
(2,856)

The deferred taxation balance is made up as follows:

2024
£


Accelerated capital allowances
(2,856)

(2,856)


10.


Share capital

2024
£
Allotted, called up and fully paid


1,000 Ordinary shares of £1.00 each
1,000


During the period 1,000 Ordinary Shares of £1 each were allotted, called up and fully paid.

Page 8

 
FORA (CITY) RESTAURANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

11.


Related party transactions

Included within Other Creditors at the period end is a loan amount of £20,000 due to a company under common control. The loan is unsecured, free of interest and repayable on demand.
During the period the company incurred a bad debt cost in respect of a loan amount of £12,341 owed from a company under common control.

 
Page 9