Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30falsetrue242023-05-01Public houses and bars28falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03826120 2023-05-01 2024-04-30 03826120 2022-05-01 2023-04-30 03826120 2024-04-30 03826120 2023-04-30 03826120 c:Director1 2023-05-01 2024-04-30 03826120 d:Buildings 2023-05-01 2024-04-30 03826120 d:Buildings 2024-04-30 03826120 d:Buildings 2023-04-30 03826120 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03826120 d:Buildings d:ShortLeaseholdAssets 2023-05-01 2024-04-30 03826120 d:PlantMachinery 2023-05-01 2024-04-30 03826120 d:FurnitureFittings 2023-05-01 2024-04-30 03826120 d:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 03826120 d:OtherPropertyPlantEquipment 2024-04-30 03826120 d:OtherPropertyPlantEquipment 2023-04-30 03826120 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03826120 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03826120 d:CurrentFinancialInstruments 2024-04-30 03826120 d:CurrentFinancialInstruments 2023-04-30 03826120 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 03826120 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 03826120 d:ShareCapital 2024-04-30 03826120 d:ShareCapital 2023-04-30 03826120 d:RetainedEarningsAccumulatedLosses 2024-04-30 03826120 d:RetainedEarningsAccumulatedLosses 2023-04-30 03826120 c:OrdinaryShareClass1 2023-05-01 2024-04-30 03826120 c:OrdinaryShareClass1 2024-04-30 03826120 c:FRS102 2023-05-01 2024-04-30 03826120 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 03826120 c:FullAccounts 2023-05-01 2024-04-30 03826120 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03826120 2 2023-05-01 2024-04-30 03826120 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 03826120














93 FEET EAST LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

 
93 FEET EAST LIMITED
 

CONTENTS



Page
Statement of financial position
 
1 - 2
Notes to the financial statements
 
3 - 7


 
93 FEET EAST LIMITED
REGISTERED NUMBER:03826120

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
110,701
99,417

Current assets
  

Stocks
  
37,700
41,850

Debtors: amounts falling due within one year
 5 
182,587
152,799

Cash at bank and in hand
  
268,123
144,426

  
488,410
339,075

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(2,901,370)
(2,562,551)

Net current liabilities
  
 
 
(2,412,960)
 
 
(2,223,476)

  

Net liabilities
  
(2,302,259)
(2,124,059)


Capital and reserves
  

Called up share capital 
 7 
2
2

Profit and loss account
  
(2,302,261)
(2,124,061)

  
(2,302,259)
(2,124,059)


The director considers 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 director acknowledges his 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 comprehensive income 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 on 17 January 2025.




J Zeloof
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 1

 
93 FEET EAST LIMITED
REGISTERED NUMBER:03826120
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024


Page 2

 
93 FEET EAST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

93 Feet East Limited is a private limited liability company registered in England and Wales, with its registered office address at 91 Brick Lane, London, E1 6QL and its business address at 93 Feet East, 150 Brick Lane, London E1 6QL.
The principal activity of the company continued to be that of the operation of a live music venue and bar. 
The financial statements are presented in Sterling (£), which is the functional currency of the company. 

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.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis which is dependant upon the continued support of the shareholders. In the opinion of the director the company will continue to receive such financial support as may be required to enable it to meet it's liabilities for at least 12 months following the date of approval of the financial statements and on this assumption the financial statements have been prepared on a going concern basis. 

 
2.3

Turnover

Turnover represents revenue from the operation of a live music venue and bar. Revenue from bar sales is recognised at the point of sale. Revenue from venue hire is recognised when the event takes place.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

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.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 3

 
93 FEET EAST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives on the following basis:

Improvement to premises
-
10 years straight line
Plant & machinery
-
20% straight line
Fixtures, fittings and equipment
-
20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

 
2.7

Basic financial instruments

The company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans with related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

 
2.8

Pensions

The company contributes to 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 Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Page 4

 
93 FEET EAST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.9

Taxation

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 reporting 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 reporting 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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 28 (2023 - 24).

Page 5

 
93 FEET EAST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Leasehold improve-ments
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 May 2023
127,480
361,244
488,724


Additions
-
56,658
56,658



At 30 April 2024

127,480
417,902
545,382



Depreciation


At 1 May 2023
127,480
261,827
389,307


Charge for the year on owned assets
-
45,375
45,375



At 30 April 2024

127,480
307,202
434,682



Net book value



At 30 April 2024
-
110,700
110,700



At 30 April 2023
-
99,417
99,417


5.


Debtors

2024
2023
£
£


Trade debtors
175,016
146,359

Other debtors
-
850

Prepayments and accrued income
7,571
5,590

182,587
152,799


Page 6

 
93 FEET EAST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
69,231
628,423

Amounts owed to group undertakings
2,250,000
1,445,000

Taxation and social security
102,697
53,700

Other creditors
90,654
73,532

Accruals and deferred income
388,788
361,896

2,901,370
2,562,551



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 Ordinary shares of £1 each
2
2



8.


Pension commitments

The company contributes to a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £10,009 (2023 - £8,181) Contributions totalling £2,871 (2023 - £1,707) were payable to the fund at the year end.


9.


Parent undertaking

The company's immediate and ultimate parent undertaking is Ely & Sidney Limited, a company registered in England and Wales with it's registered office address at 91 Brick Lane, London, E1 6QL. 

 
Page 7