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Registration number: 11519022

Tri Berg London Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2023

 

Tri Berg London Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Tri Berg London Ltd

Company Information

Directors

Mr Thurruwazan Thevakadatcham

Mr Kumarasamy Vijayanathan

Registered office

8 Arlington Parade
Brixton Hill
London
SW2 1RH

Accountants

Kajaine Kafton LLP
Chartered Accountants
42-46 Station Road
Edgware
HA8 7AB

 

Tri Berg London Ltd

(Registration number: 11519022)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

178,761

201,279

Current assets

 

Stocks

5

7,252

8,283

Debtors

6

214,071

146,912

Cash at bank and in hand

 

23,782

56,653

 

245,105

211,848

Creditors: Amounts falling due within one year

7

(294,610)

(216,400)

Net current liabilities

 

(49,505)

(4,552)

Total assets less current liabilities

 

129,256

196,727

Creditors: Amounts falling due after more than one year

7

(202,968)

(207,375)

Net liabilities

 

(73,712)

(10,648)

Capital and reserves

 

Called up share capital

8

200

200

Retained earnings

(73,912)

(10,848)

Shareholders' deficit

 

(73,712)

(10,648)

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 and delivered 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.

Approved and authorised by the Board on 31 October 2024 and signed on its behalf by:
 

.........................................
Mr Thurruwazan Thevakadatcham
Director

 

Tri Berg London Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

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:
8 Arlington Parade
Brixton Hill
London
SW2 1RH
United Kingdom

These financial statements were authorised for issue by the Board on 31 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.

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 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.

 

Tri Berg London Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

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

20 Years Straight Line

Fixtures and Fittings

15% Reducing Balance

Computer Equipment

15% 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 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 stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

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

 

Tri Berg London Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

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.

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 directors) during the year, was 20 (2022 - 16).

 

Tri Berg London Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2022

3,271

372,921

376,192

Additions

-

8,760

8,760

At 31 August 2023

3,271

381,681

384,952

Depreciation

At 1 September 2022

656

174,257

174,913

Charge for the year

164

31,114

31,278

At 31 August 2023

820

205,371

206,191

Carrying amount

At 31 August 2023

2,451

176,310

178,761

At 31 August 2022

2,615

198,664

201,279

Included within the net book value of land and buildings above is £2,451 (2022 - £2,615) in respect of short leasehold land and buildings.
 

5

Stocks

2023
£

2022
£

Other inventories

7,252

8,283

6

Debtors

Current

2023
£

2022
£

Trade debtors

12,594

19,732

Prepayments

2,615

4,548

Other debtors

198,862

122,632

 

214,071

146,912

 

Tri Berg London Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

58,065

64,046

Taxation and social security

 

77,217

23,069

Other creditors

 

7,353

7,261

Accrued expenses

 

112,572

75,276

Corporation tax payable

 

11,684

11,684

Directors current account

 

27,719

35,064

 

294,610

216,400

Due after one year

 

Loans and borrowings

9

202,968

207,375

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

202,968

207,375

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

100 Ordinary shares of £1.00 each of £1 each

100

100

100

100

100 Class A shares of £1.00 each of £1 each

100

100

100

100

200

200

200

200

9

Loans and borrowings

Non-current loans and borrowings

 

Tri Berg London Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

2023
£

2022
£

Bank borrowings

118,767

77,667

Other borrowings

84,201

129,708

202,968

207,375