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Registered Number: 06453307
England and Wales

 

 

 

SHERWOOD PINES CAFE LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 March 2023

End date: 29 February 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 4 32,287    33,984 
32,287    33,984 
Current assets      
Stocks 11,602    15,000 
Debtors 128,604    14,972 
Cash at bank and in hand 69,096    365,294 
209,302    395,266 
Creditors: amount falling due within one year (162,488)   (272,400)
Net current assets 46,814    122,866 
 
Total assets less current liabilities 79,101    156,850 
Provisions for liabilities (8,071)   (3,875)
Net assets 71,030    152,975 
 

Capital and reserves
     
Called up share capital 5 1,000    1,000 
Profit and loss account 70,030    151,975 
Shareholders' funds 71,030    152,975 
 


For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 28 November 2024 and were signed on its behalf by:


-------------------------------
Neera Regmi
Director
1
General Information
SHERWOOD PINES CAFE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06453307, registration address Woodland Manor Hotel, Green Lane, Clapham, Bedford, MK41 6EP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Furniture, Fixtures & Equipment 30% Reducing Balance
Land and Buildings 5% Straight Line
Plant and Machinery 20% and 25% Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 32 (2023 : 32).
3.

Financial Commitments, Guarantees and Contingencies

The total of future minimum lease payments under non-cancellable operating leases are as following:
Particulars Current
£
Within 1 year79,806 
Between 2 to 5 years200,936 

4.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Furniture, Fixtures & Equipment   Total
  £   £   £   £
At 01 March 2023 47,000    117,845      164,845 
Additions     11,186    11,186 
Disposals      
At 29 February 2024 47,000    117,845    11,186    176,031 
Depreciation
At 01 March 2023 35,250    95,611      130,861 
Charge for year 2,350    7,177    3,356    12,883 
On disposals      
At 29 February 2024 37,600    102,788    3,356    143,744 
Net book values
Closing balance as at 29 February 2024 9,400    15,057    7,830    32,287 
Opening balance as at 01 March 2023 11,750    22,234      33,984 


5.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1,000 Class A shares of £1.00 each 1,000    1,000 
1,000    1,000 

6.

Related Party Disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,' not to disclose related party transactions with wholly owned subsidiaries within the group.
2