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REGISTERED NUMBER: 09595029 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Ascot Cafe Limited

Ascot Cafe Limited (Registered number: 09595029)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Ascot Cafe Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: E Hodgson
M Hodgson





REGISTERED OFFICE: 1 Stanyards Courtyard
Stanyards Farm
Chertsey Road
Chobham
Surrey
GU24 8JE





REGISTERED NUMBER: 09595029 (England and Wales)





ACCOUNTANTS: Ahmad York Limited
Chartered Certified Accountants
1 Stanyards Courtyard
Stanyards Farm
Chertsey Road
Chobham
Surrey
GU24 8JE

Ascot Cafe Limited (Registered number: 09595029)

Abridged Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 13,000 26,000
Tangible assets 5 4,097 5,465
17,097 31,465

CURRENT ASSETS
Debtors 7,600 7,600
Cash at bank - 2,735
7,600 10,335
CREDITORS
Amounts falling due within one year 97,094 111,342
NET CURRENT LIABILITIES (89,494 ) (101,007 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(72,397

)

(69,542

)

PROVISIONS FOR LIABILITIES 780 1,040
NET LIABILITIES (73,177 ) (70,582 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (73,277 ) (70,682 )
SHAREHOLDERS' FUNDS (73,177 ) (70,582 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Ascot Cafe Limited (Registered number: 09595029)

Abridged Statement of Financial Position - continued
31 May 2024


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 February 2025 and were signed on its behalf by:




E Hodgson - Director



M Hodgson - Director


Ascot Cafe Limited (Registered number: 09595029)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Ascot Cafe 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.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Short leasehold in relation to the property rented is depreciated over the lease term of 3 years.

Financial instruments
The company only enters into basic financial instrument transactions in accordance with Section 11. Financial assets and liabilities are measured at cost and financial assets are assessed at the end of each reporting period for objective evidence of impairment.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Ascot Cafe Limited (Registered number: 09595029)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Interest-free loans
Interest-free loans are measured at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 130,000
AMORTISATION
At 1 June 2023 104,000
Amortisation for year 13,000
At 31 May 2024 117,000
NET BOOK VALUE

At 31 May 2024 13,000
At 31 May 2023 26,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 23,430
DEPRECIATION
At 1 June 2023 17,965
Charge for year 1,368
At 31 May 2024 19,333
NET BOOK VALUE
At 31 May 2024 4,097
At 31 May 2023 5,465

6. COMMITMENTS, GUARANTEES AND CONTINGENCIES

At the year end the company has commitments, guarantees and contingencies totalling £nil (2023: £nil).

Ascot Cafe Limited (Registered number: 09595029)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. GOING CONCERN BASIS

The financial statements have been prepared on the going concern basis, despite the net liability position as shown on the balance sheet. The basis is supported by the continued financial support from the directors which is not planned to be withdrawn in the foreseeable future.

8. STATEMENT OF CHANGES IN EQUITY




Share
capital£
Capital
contribution
reserve£

Retained
earnings£
Balance at 31 May 2022 100 23,536 (59,479 )

Profit for the year (34,739 )
Capital contribution transfer (23,536 ) 23,536
Balance at 31 May 2023 100 0 (70,682 )
Profit for the year (2,595 )
Capital contribution transfer
Balance at 31 May 2024 100 0 (73,277 )