Registered number
03870502
Long Barn Catering Limited
Unaudited Filleted Accounts
31 March 2024
Long Barn Catering Limited
Registered number: 03870502
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Current assets
Stocks 7,264 10,458
Cash at bank and in hand 132,301 95,589
139,565 106,047
Creditors: amounts falling due within one year 3 (138,888) (105,370)
Net current assets 677 677
Net assets 677 677
Capital and reserves
Called up share capital 100 100
Profit and loss account 577 577
Shareholder's funds 677 677
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Seymour
Director
Approved by the board on 1 August 2024
Long Barn Catering Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Donated profits
Under a Deed of Covenant, the company donates all annual profit to its parent undertaking and registered charity, The Norden Farm Centre Trust Limited. The donation is accounted for as a distribution in the Statement of Changes in Equity.
Stocks
Stocks are measured at the lower of cost and estimated selling price. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
The company has no exposure to taxation as the whole of its profits are donated under a Deed of Covenant, reducing profit subject to corporation tax to nil in each accounting period.
Employee benefits and pensions
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 17 12
3 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,602 2,984
Amounts owed to group undertakings and undertakings in which the company has a participating interest 122,410 85,824
Taxation and social security costs 3,776 10,262
Other creditors 11,100 6,300
138,888 105,370
4 Controlling party
The company is a wholly owned subsidiary of The Norden Farm Centre Trust Limited. There is no ultimate controlling party.
5 Other information
Long Barn Catering Limited is a private company limited by shares and incorporated in England. Its registered office is:
Norden Farm Centre For The Arts
Altwood Road
Maidenhead
Berkshire
SL6 4PF
Long Barn Catering Limited 03870502 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 J Seymour No description of principal activity 03870502 2022-04-01 2023-03-31 03870502 core:WithinOneYear 2023-03-31 03870502 core:ShareCapital 2023-03-31 03870502 core:RetainedEarningsAccumulatedLosses 2023-03-31 03870502 2023-04-01 2024-03-31 03870502 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03870502 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 03870502 bus:Director40 2023-04-01 2024-03-31 03870502 1 2023-04-01 2024-03-31 03870502 2 2023-04-01 2024-03-31 03870502 countries:England 2023-04-01 2024-03-31 03870502 bus:FRS102 2023-04-01 2024-03-31 03870502 bus:FilletedAccounts 2023-04-01 2024-03-31 03870502 2024-03-31 03870502 core:WithinOneYear 2024-03-31 03870502 core:ShareCapital 2024-03-31 03870502 core:RetainedEarningsAccumulatedLosses 2024-03-31 03870502 2023-03-31 iso4217:GBP xbrli:pure