Acorah Software Products - Accounts Production 16.2.850 false true true 30 April 2023 1 May 2022 false 1 May 2023 29 April 2024 29 April 2024 07138334 Taplow House Hotel Ltd Mrs Irha Atherton Mr Jason Atherton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07138334 2023-04-30 07138334 2024-04-29 07138334 2023-05-01 2024-04-29 07138334 frs-core:CurrentFinancialInstruments 2024-04-29 07138334 frs-core:Non-currentFinancialInstruments 2024-04-29 07138334 frs-core:ComputerEquipment 2024-04-29 07138334 frs-core:ComputerEquipment 2023-05-01 2024-04-29 07138334 frs-core:ComputerEquipment 2023-04-30 07138334 frs-core:FurnitureFittings 2024-04-29 07138334 frs-core:FurnitureFittings 2023-05-01 2024-04-29 07138334 frs-core:FurnitureFittings 2023-04-30 07138334 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-29 07138334 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-29 07138334 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-30 07138334 frs-core:PlantMachinery 2024-04-29 07138334 frs-core:PlantMachinery 2023-05-01 2024-04-29 07138334 frs-core:PlantMachinery 2023-04-30 07138334 frs-core:ShareCapital 2024-04-29 07138334 frs-core:RetainedEarningsAccumulatedLosses 2024-04-29 07138334 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-29 07138334 frs-bus:FilletedAccounts 2023-05-01 2024-04-29 07138334 frs-bus:SmallEntities 2023-05-01 2024-04-29 07138334 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-29 07138334 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-29 07138334 frs-bus:Director1 2023-05-01 2024-04-29 07138334 frs-bus:Director2 2023-05-01 2024-04-29 07138334 frs-bus:Director3 2023-05-01 2024-04-29 07138334 frs-countries:EnglandWales 2023-05-01 2024-04-29 07138334 2022-04-30 07138334 2023-04-30 07138334 2022-05-01 2023-04-30 07138334 frs-core:CurrentFinancialInstruments 2023-04-30 07138334 frs-core:Non-currentFinancialInstruments 2023-04-30 07138334 frs-core:ShareCapital 2023-04-30 07138334 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 07138334 frs-core:CurrentFinancialInstruments 2 2023-04-30
Registered number: 07138334
Pottage Restaurant Limited
Financial Statements
For The Year Ended 29 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07138334
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 735,456 847,606
735,456 847,606
CURRENT ASSETS
Stocks 5 30,067 283,434
Debtors 6 535,495 1,040,882
Cash at bank and in hand 19,454 76,075
585,016 1,400,391
Creditors: Amounts Falling Due Within One Year 7 (1,222,781 ) (1,818,696 )
NET CURRENT ASSETS (LIABILITIES) (637,765 ) (418,305 )
TOTAL ASSETS LESS CURRENT LIABILITIES 97,691 429,301
Creditors: Amounts Falling Due After More Than One Year 8 (222,500 ) (310,000 )
NET (LIABILITIES)/ASSETS (124,809 ) 119,301
CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Profit and Loss Account (134,809 ) 109,301
SHAREHOLDERS' FUNDS (124,809) 119,301
Page 1
Page 2
For the year ending 29 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jason Atherton
Director
03/02/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pottage Restaurant Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07138334 . The registered office is 13 Pollen Street, London, W1S 1NH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The balance sheet is showing net liabilities of £418,305 (2022: £556,501). The director has reviewed the position
and is confident the company can meet its liabilities as they fall due with the continued support of the company's
bankers and creditors.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover is derived from the sale of food and beverages and is measured as the fair value of the consideration
received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in
accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold straight line basis
Plant & Machinery Over 7 years on a straight line basis
Fixtures & Fittings Over 7 years on a straight line basis
Computer Equipment Over one year on a stright line basis
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Financial Instruments
(i) Financial assets
Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at
transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured
at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest rate method.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value
of the future payments discounted at a market rate of interest.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. 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.
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.
Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively
enacted by the balance sheet date.
2.9. Operating leases
Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Pa
3. Average Number of Employees
Average number of employees, including directors, during the year was: 34 (2023: 42)
34 42
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 1,952,207 973,547 495,905 333 3,421,992
Additions - 4,180 - - 4,180
As at 29 April 2024 1,952,207 977,727 495,905 333 3,426,172
...CONTINUED
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Depreciation
As at 1 May 2023 1,145,082 935,326 493,642 336 2,574,386
Provided during the period 89,161 26,341 828 - 116,330
As at 29 April 2024 1,234,243 961,667 494,470 336 2,690,716
Net Book Value
As at 29 April 2024 717,964 16,060 1,435 (3 ) 735,456
As at 1 May 2023 807,125 38,221 2,263 (3 ) 847,606
5. Stocks
2024 2023
£ £
Stock 30,067 283,434
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 956 956
Prepayments and accrued income 333,896 134,784
Other debtors 202,018 989,568
Other debtors (2) - (93,097 )
Pension scheme prepayments (1,375 ) (1,269 )
Net wages - 9,940
535,495 1,040,882
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 663,277 1,279,851
Other taxes and social security 20,908 19,618
VAT 56,971 85,479
Other creditors - 447,861
Other creditors (2) - 15,062
Accruals and deferred income 462,196 (48,604 )
Directors' loan accounts 19,429 19,429
1,222,781 1,818,696
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 222,500 310,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10,000 10,000
Page 5
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10. Related Party Transactions
At the year end the company owed companies with common directorships £989,568 (2022: £730,661).
At the year end the company was owed £447,861 (2022: £451,317) from companies with common directorships.
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