Company registration number 14445891 (England and Wales)
EL PASTOR BATTERSEA LTD
ANNUAL REPORT AND
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 JULY 2023
PAGES FOR FILING WITH REGISTRAR
EL PASTOR BATTERSEA LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
EL PASTOR BATTERSEA LTD
BALANCE SHEET
- 1 -
2023
Notes
£
£
Current assets
Cash at bank and in hand
9,761
Creditors: amounts falling due within one year
3
(10,000)
Net current liabilities
(239)
Capital and reserves
Called up share capital
4
1
Profit and loss reserves
(240)
Total equity
(239)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 30 October 2024 and are signed on its behalf by:
Mr S D Edgson
Director
Company registration number 14445891 (England and Wales)
EL PASTOR BATTERSEA LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023
- 2 -
1
Accounting policies
Company information
El Pastor Battersea Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Old Hall, 25 Main Street, Market Overton, Oakham, LE15 7PL.
1.1
Basis of preparation
These financial statements have been prepared in accordance with applicable accounting standards including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
1.2
Going concern
These financial statements are prepared on the going concern basis. The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future. The company meets its working capital requirements through support from its parent undertaking. The parent undertaking has confirmed their intention to continue to provide sufficient financial support as required. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.
1.3
Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Debtors and creditors with no stated interest rate and receivable or payable within one year are measured at transaction price. Any losses arising from impairment are recognised in the profit and loss account.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
EL PASTOR BATTERSEA LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2023
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2023
Number
Total
1
3
Creditors: amounts falling due within one year
2023
£
Amounts owed to group undertakings
10,000
4
Called up share capital
2023
2023
Ordinary share capital
Number
£
Issued and fully paid
Ordinary shares of £1 each
1
1
5
Audit report information
As the profit and loss account has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
Material uncertainty relating to going concern
We draw attention to note 1.2 of the financial statements concerning the company's ability to continue as a going concern. The company had net current liabilities of £239 as at 31 July 2023. These conditions, along with other matters as set forth in note 1.2, indicate that a material uncertainty exists that may cast doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.
Senior Statutory Auditor:
John Griffin FCCA
Statutory Auditor:
Newby Castleman LLP
Date of audit report:
30 October 2024
6
Events after the reporting date
In October 2023 the company entered into a contract with Battersea Power Station to build a restaurant and wine bar. Work started on site in December 2023 and the build took through to April 2024 with the restaurant opening in May 2024. Fit out costs are expected to be in the region of £2.8m.
EL PASTOR BATTERSEA LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2023
- 4 -
7
Parent company
The parent undertaking for which consolidated accounts are prepared is El Pastor Ltd, a company registered in England and Wales. Consolidated accounts are publicly available from Companies House, Cardiff.
The registered address of El Pastor Ltd is the same as the company's registered office as given in the company information page of these financial statements.