IBERICOS ETC. (THAMES STREET) LIMITED

Company Registration Number:
11416465 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 31 October 2022

End date: 31 October 2023

IBERICOS ETC. (THAMES STREET) LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

IBERICOS ETC. (THAMES STREET) LIMITED

Balance sheet

As at 31 October 2023


Notes

2023

2022


£

£
Current assets
Debtors:   15,140 15,140
Cash at bank and in hand: 0 0
Total current assets: 15,140 15,140
Creditors: amounts falling due within one year: 3 (569,587) (569,587)
Net current assets (liabilities): (554,447) (554,447)
Total assets less current liabilities: (554,447) (554,447)
Total net assets (liabilities): (554,447) (554,447)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (554,547) (554,547)
Shareholders funds: (554,447) (554,447)

The notes form part of these financial statements

IBERICOS ETC. (THAMES STREET) LIMITED

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 November 2024
and signed on behalf of the board by:

Name: J Picton
Status: Director

The notes form part of these financial statements

IBERICOS ETC. (THAMES STREET) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Leasehold land and buildingsover the period of the leaseLeasehold improvementsover the period of the lease The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Other accounting policies

Going concern At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

IBERICOS ETC. (THAMES STREET) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

IBERICOS ETC. (THAMES STREET) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Creditors: amounts falling due within one year note

Creditors 2023 2022 Trade creditors 0 0 Amounts owed to group undertakings 565,073 565,073 Other creditor 4,514 4,514 Total £569,587 £569,587

IBERICOS ETC. (THAMES STREET) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Financial commitments

Financial commitments, guarantees and contingent liabilities The company is part of a cross guarantee arrangement securing the group's borrowing facility. At the balance sheet date the contingent liability amounted to £4,707,222 (2022 £4,707,222).