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REGISTERED NUMBER: 06945479 (England and Wales)










North Wales Coffee Lounge Limited

Unaudited Financial Statements

for the Year Ended 31 August 2024






North Wales Coffee Lounge Limited (Registered number: 06945479)






Contents of the Financial Statements
for the year ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


North Wales Coffee Lounge Limited

Company Information
for the year ended 31 August 2024







DIRECTORS: Mrs D Holmes
Mr C W Holmes





REGISTERED OFFICE: Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN





REGISTERED NUMBER: 06945479 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

North Wales Coffee Lounge Limited (Registered number: 06945479)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 859,215 894,339
859,215 894,339

CURRENT ASSETS
Debtors 6 - 19,565
Cash at bank 15,806 15,578
15,806 35,143
CREDITORS
Amounts falling due within one year 7 302,253 278,984
NET CURRENT LIABILITIES (286,447 ) (243,841 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

572,768

650,498

CREDITORS
Amounts falling due after more than one
year

8

(577,993

)

(634,096

)

PROVISIONS FOR LIABILITIES (3,471 ) (4,211 )
NET (LIABILITIES)/ASSETS (8,696 ) 12,191

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (8,698 ) 12,189
SHAREHOLDERS' FUNDS (8,696 ) 12,191

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

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

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

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 7 March 2025 and were signed on its behalf by:




Mr C W Holmes - Director


North Wales Coffee Lounge Limited (Registered number: 06945479)

Notes to the Financial Statements
for the year ended 31 August 2024

1. STATUTORY INFORMATION

North Wales Coffee Lounge 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Straight line over 15 years
Plant and machinery etc - 33% on cost, 20% on reducing balance and 15% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 5,000
AMORTISATION
At 1 September 2023
and 31 August 2024 5,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

North Wales Coffee Lounge Limited (Registered number: 06945479)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 906,455 119,295 1,025,750
Disposals (65,509 ) - (65,509 )
At 31 August 2024 840,946 119,295 960,241
DEPRECIATION
At 1 September 2023 34,281 97,130 131,411
Charge for year 4,367 3,896 8,263
Eliminated on disposal (38,648 ) - (38,648 )
At 31 August 2024 - 101,026 101,026
NET BOOK VALUE
At 31 August 2024 840,946 18,269 859,215
At 31 August 2023 872,174 22,165 894,339

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 19,565

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 61,200 66,330
Amounts owed to group undertakings 233,517 202,820
Taxation and social security 6,185 7,882
Other creditors 1,351 1,952
302,253 278,984

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 577,993 634,096

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 271,993 277,291

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 639,193 700,426

Included within creditors are secured debts in favour of HSBC UK Bank PLC and DBW Investments Ltd. Debts are secured on a fixed and floating charge over all assets including freehold and leasehold property.

North Wales Coffee Lounge Limited (Registered number: 06945479)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

10. RELATED PARTY DISCLOSURES

During the year the company received a loan from Restaurant 72 Ltd, a company under common control. At the year end £91,788 (2023 £76,788) was owed to Restaurant 72 Ltd.

During the year the company also received a loan from A & C Leisure (Holdings) Ltd, a company under common control. At the year end £106,407 (2023 £122,972) was owed to A & C Leisure (Holdings) Ltd.

During the year the company also received a loan from North Wales Resorts (Snowdonia) Ltd, a company under common control. At the year end £35,322 (2023 £3,060) was owed to North Wales Resorts (Snowdonia) Ltd.

11. ULTIMATE CONTROLLING PARTY

The directors were the company's ultimate controlling party in the year under review, on the basis that, together, they controlled 100% of the company's issued share capital.