Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31302023-04-01false28truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03517344 2023-04-01 2024-03-31 03517344 2021-10-01 2023-03-31 03517344 2024-03-31 03517344 2023-03-31 03517344 c:Director1 2023-04-01 2024-03-31 03517344 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 03517344 d:Buildings d:LongLeaseholdAssets 2024-03-31 03517344 d:Buildings d:LongLeaseholdAssets 2023-03-31 03517344 d:MotorVehicles 2023-04-01 2024-03-31 03517344 d:MotorVehicles 2024-03-31 03517344 d:MotorVehicles 2023-03-31 03517344 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03517344 d:FurnitureFittings 2023-04-01 2024-03-31 03517344 d:FurnitureFittings 2024-03-31 03517344 d:FurnitureFittings 2023-03-31 03517344 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03517344 d:ComputerEquipment 2023-04-01 2024-03-31 03517344 d:ComputerEquipment 2024-03-31 03517344 d:ComputerEquipment 2023-03-31 03517344 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03517344 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03517344 d:CurrentFinancialInstruments 2024-03-31 03517344 d:CurrentFinancialInstruments 2023-03-31 03517344 d:Non-currentFinancialInstruments 2024-03-31 03517344 d:Non-currentFinancialInstruments 2023-03-31 03517344 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03517344 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03517344 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 03517344 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 03517344 d:ShareCapital 2024-03-31 03517344 d:ShareCapital 2023-03-31 03517344 d:RetainedEarningsAccumulatedLosses 2024-03-31 03517344 d:RetainedEarningsAccumulatedLosses 2023-03-31 03517344 c:OrdinaryShareClass1 2023-04-01 2024-03-31 03517344 c:OrdinaryShareClass1 2024-03-31 03517344 c:OrdinaryShareClass1 2023-03-31 03517344 c:FRS102 2023-04-01 2024-03-31 03517344 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03517344 c:FullAccounts 2023-04-01 2024-03-31 03517344 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03517344 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 03517344 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 03517344 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 03517344 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 03517344 d:RetirementBenefitObligationsDeferredTax 2024-03-31 03517344 d:RetirementBenefitObligationsDeferredTax 2023-03-31 03517344 7 2023-04-01 2024-03-31 03517344 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-03-31 03517344 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-31 03517344 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 03517344












ORDELLA LIMITED 
T/A 
SUMMERHOUSE

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
ORDELLA LIMITED T/A SUMMERHOUSE
REGISTERED NUMBER:03517344

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
40,781
40,310

  
40,781
40,310

Current assets
  

Stocks
 5 
15,119
14,191

Debtors: amounts falling due within one year
 6 
4,458,542
3,925,425

Cash at bank and in hand
 7 
70,687
23,023

  
4,544,348
3,962,639

Creditors: amounts falling due within one year
 8 
(1,629,928)
(888,058)

Net current assets
  
 
 
2,914,420
 
 
3,074,581

Total assets less current liabilities
  
2,955,201
3,114,891

Creditors: amounts falling due after more than one year
 9 
(1,889,323)
(2,003,381)

Provisions for liabilities
  

Deferred tax
 10 
-
(2,936)

  
 
 
-
 
 
(2,936)

Net assets
  
1,065,878
1,108,574


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
1,065,778
1,108,474

  
1,065,878
1,108,574


Page 1

 
ORDELLA LIMITED T/A SUMMERHOUSE
REGISTERED NUMBER:03517344
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider 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 directors acknowledge their 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 profit and loss account 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 by: 




M H Tillman
Director

Date: 28 February 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
ORDELLA LIMITED T/A SUMMERHOUSE
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Ordella Limited T/A The Summerhouse is a private company, limited by shares, registered in England and Wales, registration number 03517344. The registered office address is 18 Bristol Gardens, London, W9 2JQ.
 
The principal activity of the company continued to be that of the running of bars and restaurants.
 

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 Section 1A of the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

  
2.2

Functional and presentational currency

The company's functional and presentational currency is pound sterling.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 
Turnover from the sales of food and beverages is recognised when the goods have been provided.
Recharged income is recognised when the corresponding expenses have been incurred on behalf of other entities.

 
2.4

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the profit and loss accounts in the same period as the related expenditure. Grants received in respect of Covid Job Retention Scheme and Local Authority Grants are included in other operating income.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
ORDELLA LIMITED T/A SUMMERHOUSE
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Pensions

Defined contribution pension plan

The company operates 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 profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.9

 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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Long-term leasehold property
-
10%
straight-line
Motor vehicles
-
20%
straight-line
Fixtures and fittings
-
15%
reducing balance
Computer equipment
-
33%
reducing balance

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 profit or loss.

 
2.10

 Stocks

Stock of food and beverages are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

 Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.12

 Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

Page 4

 
ORDELLA LIMITED T/A SUMMERHOUSE
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.13

 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

 Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

 
2.15

 Financial instruments

The company enters into basic financial instrument transations that result in the recognition of financial assets and liabilities such as other debtors, trade and other creditors, loans from banks, and loans with related parties.

 
2.16

 Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet 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 balance sheet date.



3.


Employees

The average monthly number of employees, including directors, during the year was 28 (2023 - 30).

Page 5

 
ORDELLA LIMITED T/A SUMMERHOUSE
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Leasehold property
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost 


At 1 April 2023
402
-
179,529
5,114
185,045


Additions
-
20,625
2,920
8,547
32,092



At 31 March 2024

402
20,625
182,449
13,661
217,137



Depreciation


At 1 April 2023
261
-
139,814
4,660
144,735


Charge for the year 
40
344
28,800
2,437
31,621



At 31 March 2024

301
344
168,614
7,097
176,356



Net book value



At 31 March 2024
101
20,281
13,835
6,564
40,781



At 31 March 2023
141
-
39,715
454
40,310

The net book value of assets held under hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
20,281
-


5.


Stocks

2024
2023
£
£

Food and beverage stocks
15,119
14,191


Page 6

 
ORDELLA LIMITED T/A SUMMERHOUSE
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Amounts owed by connected entities
4,430,460
3,896,308

Other debtors
-
2,210

Called up share capital not paid
98
98

Prepayments
27,984
26,809

4,458,542
3,925,425



7.


Cash

2024
2023
£
£

Cash at bank and in hand
70,687
23,023



8.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank loans
92,900
13,012

Trade creditors
112,948
131,440

Amounts owed to connected entities
1,117,855
558,661

Corporation tax
4,425
12,789

Other taxation and social security
210,354
62,152

Obligations under hire purchase contracts
3,479
-

Other creditors
54,640
62,483

Accruals
33,327
47,521

1,629,928
888,058


HSBC Bank PLC holds a floating and fixed charge which contain a negative pledge over the assets of the company in respect of all the amounts due from the company. The company also has a cross company guarantee with the connected entities.

Also included in creditors due within one year is a bank loan of £92,900 (2023 - £13,012). Interest is accrued at 3.5% per annum over the base rate on the outstanding principal of the loan.
 
Page 7

 
ORDELLA LIMITED T/A SUMMERHOUSE
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
1,870,964
2,003,381

Net obligations under hire purchase contracts
18,359
-

1,889,323
2,003,381


Also included in creditors due more than one year is a bank loan of £1,870,964 (2023 - £2,003,381). Interest is accrued at 3.5% per annum over the base rate on the outstanding principal of the loan.
 
The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2024
2023
£
£


Repayable by instalments
1,963,863
1,973,993



10.


Deferred taxation




2024


£






At beginning of year
2,936


Charged to profit or loss
(2,936)



At end of year
-

The deferred taxation balance is made up as follows:

2024
2023
£
£


Fixed asset timing differences
1,244
3,529

Short term timing differences
(850)
(593)

Losses and other deductions
(394)
-

-
2,936

Page 8

 
ORDELLA LIMITED T/A SUMMERHOUSE
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2

Allotted, called up and unpaid



98 (2023 - 98) Ordinary shares of £1.00 each
98
98



12.


Pension commitments

The company operates 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 £13,623 (2023 - £13,971). Contributions totalling £4,723 (2023 - £3,118) were payable to the fund at the balance sheet date and are included in creditors.


13.


Commitments under operating leases

At 31 March 2024, the company had future minimum lease payments due under non-cancellable operating leases of £54,427 (2023 - £NIL).



14.


Controlling party

The company is under the control of M H Tillman, a director and a majority shareholder of the company.

 
Page 9