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Registration number: 05319290

The Meeting House Cafe Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2024

 

The Meeting House Cafe Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

The Meeting House Cafe Limited

Company Information

Director

Mrs J A Manley

Registered office

The Meeting House Cafe
East Street
Ilminster
Somerset
TA19 0AN

Bankers

Co-operative Bank
Central Commercial Branch
Salford
Lancashire
WN8 6NY

Accountants

Mitchams Chartered Accountants
1 Cornhill
Ilminster
Somerset
TA19 0AD

 

The Meeting House Cafe Limited

(Registration number: 05319290)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

153

204

Current assets

 

Cash at bank and in hand

 

11,803

7,596

Creditors: Amounts falling due within one year

6

(8,047)

(7,331)

Net current assets

 

3,756

265

Total assets less current liabilities

 

3,909

469

Provisions for liabilities

(29)

(39)

Net assets

 

3,880

430

Capital and reserves

 

Called up share capital

2

2

Retained earnings

3,878

428

Shareholders' funds

 

3,880

430

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.

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 her 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.

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

The Meeting House Cafe Limited

(Registration number: 05319290)
Balance Sheet as at 31 January 2024

Approved and authorised by the director on 23 October 2024
 

.........................................
Mrs J A Manley
Director

 

The Meeting House Cafe 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 & Wales.

The address of its registered office is:
The Meeting House Cafe
East Street
Ilminster
Somerset
TA19 0AN

These financial statements were authorised for issue by the director on 23 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.

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, 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 and deferred 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 Meeting House Cafe Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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

Furniture, fittings and equipment

25% reducing balance

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 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.

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.

Distributions to parent charity

Distributions to the company’s parent charity are recognised as a liability in the financial statements in the reporting period in which the distributions are paid.

 

The Meeting House Cafe Limited

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

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 2).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

51

68

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2023

6,249

6,249

At 31 January 2024

6,249

6,249

Depreciation

At 1 February 2023

6,045

6,045

Charge for the year

51

51

At 31 January 2024

6,096

6,096

Carrying amount

At 31 January 2024

153

153

At 31 January 2023

204

204

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

2,490

2,400

Amounts owed to group undertakings and undertakings in which the company has a participating interest

7

5,557

4,931

 

8,047

7,331

 

The Meeting House Cafe Limited

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

7

Related party transactions

Summary of transactions with parent

The Meeting House Arts Centre Limited
 The company's parent undertaking The Meeting House Arts Centre Limited has provided an interest-free loan to the company, repayable on demand. At the year end the company owed £5,557 (2023 - £4,931) to its parent undertaking.