Company registration number 16026048 (England and Wales)
COUNTER RESTAURANTS WRIGHTS LANE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
COUNTER RESTAURANTS WRIGHTS LANE LTD
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
COUNTER RESTAURANTS WRIGHTS LANE LTD
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 1 -
Notes
£
£
Fixed assets
Tangible assets
3
160,929
Current assets
Debtors
4
134,234
Creditors: amounts falling due within one year
5
(295,595)
Net current liabilities
(161,361)
Net liabilities
(432)
Capital and reserves
Called up share capital
6
2
Profit and loss reserves
(434)
Total equity
(432)

For the financial period ended 31 January 2025 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 of its financial statements for the period in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 13 June 2025 and are signed on its behalf by:
Mr W J Ellner
Director
Company registration number 16026048 (England and Wales)
COUNTER RESTAURANTS WRIGHTS LANE LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 JANUARY 2025
- 2 -
Share capital
Profit and loss reserves
Total
Note
£
£
£
Period ended 31 January 2025:
Loss for the year
-
(434)
(434)
Issue of share capital
6
2
-
2
Balance at 31 January 2025
2
(434)
(432)
COUNTER RESTAURANTS WRIGHTS LANE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025
- 3 -
1
Accounting policies
Company information

Counter Restaurants Wrights Lane Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 39 William IV Street, London, WC2N 4DD.

1.1
Reporting period
These finance statements for the period ended 31 January 2025 are the first financial statements of Counter Restaurants Wrights Lane Ltd. The company was incorporated on 17 October 2024 and therefore the financial statements are for a period of less than one year.
1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Leasehold land and buildings
Straight-line over the life of the lease
1.3
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include other debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

COUNTER RESTAURANTS WRIGHTS LANE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies, 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. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
Number
Total
1
3
Tangible fixed assets
Land and buildings
£
Cost
At 17 October 2024
-
0
Additions
160,929
At 31 January 2025
160,929
Depreciation and impairment
At 17 October 2024 and 31 January 2025
-
0
Carrying amount
At 31 January 2025
160,929
COUNTER RESTAURANTS WRIGHTS LANE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2025
- 5 -
4
Debtors
2025
Amounts falling due within one year:
£
Amounts owed by group undertakings
2
Other debtors
134,232
134,234
5
Creditors: amounts falling due within one year
2025
£
Trade creditors
54,504
Amounts owed to group undertakings
241,091
295,595
6
Called up share capital
2025
2025
Ordinary share capital
Number
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2 Ordinary share of £1 each were issued and fully paid up at par during the period.
7
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
£
Total commitments
87,500
8
Related party transactions

At the balance sheet date, £18,531 owed to Counter Restaurants William IV Limited, a connected company by virtue of common control and ownership.

 

At the balance sheet date, £222,560 owed to Counter Restaurants Lower James Limited, a connected company by virtue of common control and ownership.

 

At the balance sheet date, £2 owed by Counter Restaurants Limited, a parent company.

2025-01-312024-10-17falsefalsefalse13 June 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMr W J EllnerCounter Restaurants Ltd160260482024-10-172025-01-31160260482025-01-3116026048core:LandBuildings2025-01-3116026048core:CurrentFinancialInstrumentscore:WithinOneYear2025-01-3116026048core:ShareCapital2025-01-3116026048core:RetainedEarningsAccumulatedLosses2025-01-3116026048core:ShareCapitalOrdinaryShareClass12025-01-3116026048bus:Director12024-10-172025-01-3116026048core:RetainedEarningsAccumulatedLosses2024-10-172025-01-3116026048core:ShareCapital2024-10-172025-01-3116026048core:LandBuildings2024-10-1616026048core:LandBuildings2024-10-172025-01-3116026048core:WithinOneYear2025-01-3116026048core:CurrentFinancialInstruments2025-01-3116026048bus:OrdinaryShareClass12024-10-172025-01-3116026048bus:OrdinaryShareClass12025-01-3116026048bus:PrivateLimitedCompanyLtd2024-10-172025-01-3116026048bus:SmallCompaniesRegimeForAccounts2024-10-172025-01-3116026048bus:FRS1022024-10-172025-01-3116026048bus:AuditExemptWithAccountantsReport2024-10-172025-01-3116026048bus:Director22024-10-172025-01-3116026048bus:FullAccounts2024-10-172025-01-31xbrli:purexbrli:sharesiso4217:GBP