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REGISTERED NUMBER: 13233863 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

CIN CIN (FOLEY ST) LIMITED

CIN CIN (FOLEY ST) LIMITED (REGISTERED NUMBER: 13233863)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CIN CIN (FOLEY ST) LIMITED

Company Information
for the year ended 29 February 2024







DIRECTORS: D Toscano
J Halsall





REGISTERED OFFICE: Cin Cin Italian Bar & Kitchen
60 Western Road
Hove
East Sussex
BN3 1JD





REGISTERED NUMBER: 13233863 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

CIN CIN (FOLEY ST) LIMITED (REGISTERED NUMBER: 13233863)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 28,967 34,891

CURRENT ASSETS
Stocks 4,349 3,238
Debtors 5 42,326 43,095
Cash at bank and in hand 34,270 46,183
80,945 92,516
CREDITORS
Amounts falling due within one year 6 (217,203 ) (222,071 )
NET CURRENT LIABILITIES (136,258 ) (129,555 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(107,291

)

(94,664

)

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (107,391 ) (94,764 )
SHAREHOLDERS' FUNDS (107,291 ) (94,664 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by:





D Toscano - Director


CIN CIN (FOLEY ST) LIMITED (REGISTERED NUMBER: 13233863)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Cin Cin (Foley St) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is represented by the sale of food and drink which is recognised at the point of sale, net of vat where applicable.

Deposits taken in advance for pre-booked events are shown as deferred income on the balance sheet until the date of the event, at which point the income is released to the profit and loss account.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold-10% on cost
Fixtures & fittings-25% reducing balance
Computer equipment-33% on cost

Stocks
Stocks consist of of food and beverages, ambient goods including coffee, tea and preserves and perishables items. Stock is valued at the lower of cost and estimated selling price less costs, and after taking obsolete and slow-moving items into consideration.

Financial instruments
Financial assets, liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


CIN CIN (FOLEY ST) LIMITED (REGISTERED NUMBER: 13233863)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension plan for its employees. A defined contribution pension plan is a pension plan under which the company pays contributions into a separate legal entity which is responsible for the pension scheme. Once the contributions have been paid, the company has no further obligations and the assets of the plan are held separately from the company in independently administered funds.

The contributions are recognised as an expense in the income statement when they fall due. Amounts owed but not paid are included in other creditors.

Impairment policy
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023 13,401 39,100 449 52,950
Additions - 1,287 782 2,069
At 29 February 2024 13,401 40,387 1,231 55,019
DEPRECIATION
At 1 March 2023 2,394 15,400 265 18,059
Charge for year 1,340 6,247 406 7,993
At 29 February 2024 3,734 21,647 671 26,052
NET BOOK VALUE
At 29 February 2024 9,667 18,740 560 28,967
At 28 February 2023 11,007 23,700 184 34,891

CIN CIN (FOLEY ST) LIMITED (REGISTERED NUMBER: 13233863)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 240
Other debtors 42,326 42,855
42,326 43,095

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 24,185 27,128
Taxation and social security 26,603 35,756
Other creditors 166,415 159,187
217,203 222,071

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 56,500 69,610
Between one and five years 282,500 282,500
In more than five years 61,208 117,708
400,208 469,818

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

Cin Cin (UK) Limited

D Toscano is also a director of Cin Cin (UK) Ltd.

At the year end the company owed Cin Cin (UK) Ltd £156,127 (2023: £141,402). This loan is interest-free and payable on demand.