Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30true2023-05-01falseNo description of principal activity76false81trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03027326 2023-05-01 2024-04-30 03027326 2022-05-01 2023-04-30 03027326 2024-04-30 03027326 2023-04-30 03027326 c:Director2 2023-05-01 2024-04-30 03027326 d:Buildings d:LongLeaseholdAssets 2023-05-01 2024-04-30 03027326 d:Buildings d:LongLeaseholdAssets 2024-04-30 03027326 d:Buildings d:LongLeaseholdAssets 2023-04-30 03027326 d:Buildings d:ShortLeaseholdAssets 2023-05-01 2024-04-30 03027326 d:Buildings d:ShortLeaseholdAssets 2024-04-30 03027326 d:Buildings d:ShortLeaseholdAssets 2023-04-30 03027326 d:MotorVehicles 2023-05-01 2024-04-30 03027326 d:OfficeEquipment 2023-05-01 2024-04-30 03027326 d:OfficeEquipment 2024-04-30 03027326 d:OfficeEquipment 2023-04-30 03027326 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03027326 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03027326 d:CurrentFinancialInstruments 2024-04-30 03027326 d:CurrentFinancialInstruments 2023-04-30 03027326 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 03027326 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 03027326 d:ShareCapital 2024-04-30 03027326 d:ShareCapital 2023-04-30 03027326 d:CapitalRedemptionReserve 2024-04-30 03027326 d:CapitalRedemptionReserve 2023-04-30 03027326 d:RetainedEarningsAccumulatedLosses 2024-04-30 03027326 d:RetainedEarningsAccumulatedLosses 2023-04-30 03027326 c:FRS102 2023-05-01 2024-04-30 03027326 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 03027326 c:FullAccounts 2023-05-01 2024-04-30 03027326 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03027326 d:Subsidiary1 2023-05-01 2024-04-30 03027326 d:Subsidiary1 1 2023-05-01 2024-04-30 03027326 d:Subsidiary2 2023-05-01 2024-04-30 03027326 d:Subsidiary2 1 2023-05-01 2024-04-30 03027326 d:WithinOneYear 2024-04-30 03027326 d:WithinOneYear 2023-04-30 03027326 d:BetweenOneFiveYears 2024-04-30 03027326 d:BetweenOneFiveYears 2023-04-30 03027326 d:MoreThanFiveYears 2024-04-30 03027326 d:MoreThanFiveYears 2023-04-30 03027326 6 2023-05-01 2024-04-30 03027326 7 2023-05-01 2024-04-30 03027326 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 03027326 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 03027326 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 03027326









GLENHURST RESTAURANT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
GLENHURST RESTAURANT LIMITED
REGISTERED NUMBER: 03027326

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,274,271
1,303,661

Investments
 5 
17,690
17,690

  
1,291,961
1,321,351

Current assets
  

Stocks
 6 
28,621
33,745

Debtors: amounts falling due within one year
 7 
514,724
1,360,737

Cash at bank and in hand
 8 
2,997,540
2,698,919

  
3,540,885
4,093,401

Creditors: amounts falling due within one year
 9 
(1,962,321)
(1,801,519)

Net current assets
  
 
 
1,578,564
 
 
2,291,882

Total assets less current liabilities
  
2,870,525
3,613,233

Provisions for liabilities
  

Deferred tax
 10 
(8,619)
(8,732)

  
 
 
(8,619)
 
 
(8,732)

Net assets
  
2,861,906
3,604,501


Capital and reserves
  

Called up share capital 
  
125
125

Capital redemption reserve
  
75
75

Profit and loss account
  
2,861,706
3,604,301

  
2,861,906
3,604,501


Page 1

 
GLENHURST RESTAURANT LIMITED
REGISTERED NUMBER: 03027326
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




S M Clark
Director

Date: 9 October 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
GLENHURST RESTAURANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Glenhurst Restaurant Limited is a company limited by shares incorporated in Engalnd and Wales within the United Kingdom. The registered office is 34-36 Exmouth Market, London, EC1R 4QE.
The principal activity during the year continued to be that of running a restaurant.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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.

 
2.2

Revenue

Revenue represents amounts receivable for restaurant meals and services net of VAT and trade discounts.

 
2.3

Leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Pensions

Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a
pension plan under which the Company pays fixed contributions into a separate entity. Once the
contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the statement of income and retained earnings
when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The
assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
GLENHURST RESTAURANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold properties (long)
-
2%
Leasehold properties (short)
-
over the period of the lease
Motor vehicles
-
25%
Equipment, fixtures & fittings
-
25%

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

Page 4

 
GLENHURST RESTAURANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.10

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 76 (2023 - 81).


4.


Tangible fixed assets





Long-term leasehold property
Short-term leasehold property
Equipment, fixtures & fittings
Total

£
£
£
£



Cost or valuation


At 1 May 2023
1,447,381
211,510
813,505
2,472,396


Additions
-
-
20,685
20,685


Disposals
-
-
(7,088)
(7,088)



At 30 April 2024

1,447,381
211,510
827,102
2,485,993



Depreciation


At 1 May 2023
180,367
211,510
776,858
1,168,735


Charge for the year on owned assets
29,895
-
19,589
49,484


Disposals
-
-
(6,497)
(6,497)



At 30 April 2024

210,262
211,510
789,950
1,211,722



Net book value



At 30 April 2024
1,237,119
-
37,152
1,274,271



At 30 April 2023
1,267,014
-
36,647
1,303,661

Page 5

 
GLENHURST RESTAURANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 May 2023
17,690



At 30 April 2024
17,690





Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Principal activity

Class of shares

Holding

Morito Limited
Restaurant
Ordinary
100%
Casa Moro Limited
Dormant
Ordinary
100%

The aggregate of the share capital and reserves as at 30 April 2024 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)
£
£

Morito Limited
1,348,914
152,818

Casa Moro Limited
100
-

Casa Moro Limited did not trade during the year ended 30th April 2024.


6.


Stocks

2024
2023
£
£

Finished goods and goods for resale
28,621
33,745

28,621
33,745


Page 6

 
GLENHURST RESTAURANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Debtors

2024
2023
£
£


Trade debtors
30,760
58,233

Loan to connected company
408,710
1,233,590

Prepayments and accrued income
75,254
68,914

514,724
1,360,737



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,997,540
2,698,919

2,997,540
2,698,919



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
208,527
191,766

Amounts owed to subsidiary
1,401,178
1,236,707

Corporation tax
112,922
95,062

Other taxation and social security
135,131
110,096

Other creditors
8,864
78,462

Accruals and deferred income
95,699
89,426

1,962,321
1,801,519


Page 7

 
GLENHURST RESTAURANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Deferred taxation




2024


£






At beginning of year
(8,732)


Utilised in year
113



At end of year
(8,619)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(8,619)
(8,732)

(8,619)
(8,732)


11.


Commitments under operating leases

At 30 April 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
101,500
101,500

Later than 1 year and not later than 5 years
406,000
406,000

Later than 5 years
203,000
304,500

710,500
812,000


12.


Related party transactions

Rent of £75,000 was received from a company under common ownership. Mr S W Clark and Mrs S M Clark are both directors of the company.
Included within debtors is an amount of £408,710 (
2023: £1,233,590) owed by a company of which Mr S W Clark and Mrs S M Clark are both shareholders. The loan is interest free and repayable on demand.

 
Page 8