The Hereford Road Restaurant Limited 06048187 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is licensed restaurant. Digita Accounts Production Advanced 6.30.9574.0 true true 06048187 2023-02-01 2024-01-31 06048187 2024-01-31 06048187 core:CurrentFinancialInstruments 2024-01-31 06048187 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 06048187 core:LandBuildings core:LongLeaseholdAssets 2024-01-31 06048187 core:PlantMachinery 2024-01-31 06048187 core:OtherProvisionsContingentLiabilities 2024-01-31 06048187 bus:SmallEntities 2023-02-01 2024-01-31 06048187 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 06048187 bus:FilletedAccounts 2023-02-01 2024-01-31 06048187 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 06048187 bus:RegisteredOffice 2023-02-01 2024-01-31 06048187 bus:Director1 2023-02-01 2024-01-31 06048187 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 06048187 core:LandBuildings 2023-02-01 2024-01-31 06048187 core:LandBuildings core:LongLeaseholdAssets 2023-02-01 2024-01-31 06048187 core:PlantMachinery 2023-02-01 2024-01-31 06048187 core:OtherProvisionsContingentLiabilities 2023-02-01 2024-01-31 06048187 countries:EnglandWales 2023-02-01 2024-01-31 06048187 2023-01-31 06048187 core:LandBuildings core:LongLeaseholdAssets 2023-01-31 06048187 core:PlantMachinery 2023-01-31 06048187 2022-02-01 2023-01-31 06048187 2023-01-31 06048187 core:CurrentFinancialInstruments 2023-01-31 06048187 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 06048187 core:LandBuildings core:LongLeaseholdAssets 2023-01-31 06048187 core:PlantMachinery 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 06048187

The Hereford Road Restaurant Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

The Hereford Road Restaurant Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

The Hereford Road Restaurant Limited

Company Information

Director:

Mr T Pemberton

Registered office:

Savoy House
Savoy Circus
London
W3 7DA

Registered number:

06048187

Accountants:

Wem & Co
Chartered Accountants
Savoy House
Savoy Circus
London
W3 7DA

 

The Hereford Road Restaurant Limited

(Registration number: 06048187)
Balance Sheet as at 31 January 2024

Note

31.01.24

31.01.23

   

£

£

£

£

FIXED ASSETS

   

 

Tangible assets

4

 

-

 

64,410

CURRENT ASSETS

   

 

Stocks

5

-

 

10,383

 

Debtors

6

4,036

 

4,094

 

Cash at bank and in hand

 

471,375

 

468,707

 

 

475,411

 

483,184

 

CREDITORS

   

 

Creditors within 1yr

7

944,313

 

939,137

 

Net current liabilities

   

(468,902)

 

(455,953)

Total assets less current liabilities

   

(468,902)

 

(391,543)

PROVISIONS FOR LIABILITIES

 

(24,291)

 

-

Net liabilities

   

(493,193)

 

(391,543)

CAPITAL AND RESERVES

   

 

Called up share capital

 

1

 

1

Profit and loss account

 

(493,194)

 

(391,544)

Shareholders' deficit

   

(493,193)

 

(391,543)

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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 delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 October 2024

.........................................
Mr T Pemberton
Director

 

The Hereford Road Restaurant Limited

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

1.

General information

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

The address of its registered office is:
Savoy House
Savoy Circus
London
W3 7DA
England

These financial statements were authorised for issue by the director on 25 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.

The presentational currency is Pound Sterling (£).

Going concern

The accounts have not been prepared on a going concern basis. Following the year end, the director resolved that the company ceased trading on 23 August 2024 after which the company set about settling its affairs and paying off its creditors. It is expected that all creditors save related parties will be paid in full. The costs relating to cessation have been included in the accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

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

 

The Hereford Road Restaurant Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

Fully depreciated at the end of the year

Plant and machinery etc

Fully depreciated at the end of the year

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are valued at the lower of cost and expected selling price less costs to complete and sell.

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.

 

The Hereford Road Restaurant Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

2

Accounting policies (continued)

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.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3.

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 9 (2023 - 11).

 

The Hereford Road Restaurant Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

4.

Tangible assets

Short leasehold land and buildings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 February 2023

621,519

149,678

771,197

Additions

-

9,806

9,806

At 31 January 2024

621,519

159,484

781,003

Depreciation

At 1 February 2023

565,841

140,946

706,787

Impairment

55,678

18,538

74,216

At 31 January 2024

621,519

159,484

781,003

Carrying amount

At 31 January 2024

-

-

-

At 31 January 2023

55,678

8,732

64,410

5.

Stocks

31.01.24
£

31.01.23
£

Other inventories

-

10,383

6.

Debtors

31.01.24
£

31.01.23
£

Prepayments

3,793

4,094

Other debtors

243

-

4,036

4,094

 

The Hereford Road Restaurant Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

7.

Creditors

Creditors: amounts falling due within one year

Note

31.01.24
£

31.01.23
£

Due within one year

 

Loans and borrowings

4,182

-

Trade creditors

 

15,882

12,583

Taxation and social security

 

32,196

34,034

Accruals and deferred income

 

28,366

25,495

Other creditors

 

863,687

867,025

 

944,313

939,137

Included in other creditors is a loan from the director. No interest or repayment terms have been set.

8.

Provisions for liabilities

Other provisions
£

Total
£

Additional provisions

24,291

24,291

At 31 January 2024

24,291

24,291

The provision relates to expected redundancy costs payable to the staff. The costs relating to cessation have been included in the accounts.