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Registration number: 14015621

A4 London Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

A4 London Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 7

 

A4 London Limited

Company Information

Director

J P B Gibbs

Registered office

130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

A4 London Limited

Statement of Financial Position as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,731,752

993,141

Current assets

 

Stocks

5

70,195

-

Debtors

6

160,069

153,616

Cash at bank and in hand

 

28,986

4,139

 

259,250

157,755

Creditors: Amounts falling due within one year

7

(3,043,569)

(1,204,526)

Net current liabilities

 

(2,784,319)

(1,046,771)

Net liabilities

 

(1,052,567)

(53,630)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(1,052,568)

(53,631)

Shareholders' deficit

 

(1,052,567)

(53,630)

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the director on 15 April 2025
 

.........................................

J P B Gibbs

Director

Company registration number: 14015621

 

A4 London Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of the running of a licensed bar and restaurant.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Disclosure of long or short period

These financial statements relate to the year ended 30 September 2024. The comparatives relate to the 18 month period from 31 March 2022 to 30 September 2023.

Going concern

The company made a loss for the period ended 30 September 2024 but had net liabilities at that date of £1,052,567.

The director is hopeful that following the opening of the site, revenues will continue to grow and that the company will trade profitably in the forthcoming year.

The company funds its working capital requirements with financial support received from the parent undertaking to whom an amount of £2,297,738 was due at 30 September 2024. The parent undertaking has confirmed it will continue to support the company and will not call for repayment until such time as the company has sufficient working capital.

On the basis of the above and after making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in the preparation of the financial statements.

 

A4 London Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods or provision of services in the ordinary course of the company's activities. Turnover is shown net of Value Added Tax, discounts and rebates.

Revenue from restaurant and bar sales are recognised on the date of consumption.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

12.5% - 20% straight line

Property improvements

Straight line over length of lease

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

A4 London Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company during the year, was 17 (2023 - 0).

 

A4 London Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Property
Improvements
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2023

799,109

194,032

993,141

Additions

676,410

189,053

865,463

At 30 September 2024

1,475,519

383,085

1,858,604

Depreciation

Charge for the year

82,993

43,859

126,852

At 30 September 2024

82,993

43,859

126,852

Carrying amount

At 30 September 2024

1,392,526

339,226

1,731,752

At 30 September 2023

799,109

194,032

993,141

5

Stocks

2024
£

2023
£

Stock

70,195

-

6

Debtors

2024
£

2023
£

Trade debtors

58,875

-

Other debtors

101,194

153,616

160,069

153,616

 

A4 London Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Bank loans and overdrafts

56,721

-

Trade creditors

377,580

669,030

Amounts owed to group undertakings

2,421,092

507,924

Taxation and social security

54,257

-

Other creditors

133,919

27,572

3,043,569

1,204,526

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

56,721

-

9

Related party transactions

In accordance with FRS102 paragraph 33.1A exemption is taken not to disclose transactions or amounts due between wholly owned group undertakings.

10

Non adjusting events after the financial period

Subsequent to the year end, the company received further loan advances totalling £135,000.