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PIERHEAD CAFES & BARS LTD

Registered Number
11749274
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

PIERHEAD CAFES & BARS LTD
Company Information
for the year from 1 October 2023 to 30 September 2024

Directors

CASSIDY, James
CULLEN, Tom Joseph
FOGARTY, Patrick Lindsay
THOMPSON, Ben William

Registered Address

5-7 Pellew Arcade Teign Street
Teignmouth
TQ14 8EB

Registered Number

11749274 (England and Wales)
PIERHEAD CAFES & BARS LTD
Statement of Financial Position
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets360,78576,338
60,78576,338
Current assets
Debtors4,520,41875,490
Cash at bank and on hand2,290384
22,70875,874
Creditors amounts falling due within one year6(21,356)(64,687)
Net current assets (liabilities)1,35211,187
Total assets less current liabilities62,13787,525
Creditors amounts falling due after one year7(13,333)(20,898)
Provisions for liabilities8(5,454)(5,454)
Net assets43,35061,173
Capital and reserves
Called up share capital90,03290,032
Profit and loss account(46,682)(28,859)
Shareholders' funds43,35061,173
The financial statements were approved and authorised for issue by the Board of Directors on 8 January 2025, and are signed on its behalf by:
CASSIDY, James
Director
CULLEN, Tom Joseph
Director
FOGARTY, Patrick Lindsay
Director

Registered Company No. 11749274
PIERHEAD CAFES & BARS LTD
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
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.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Land and buildings10
Fixtures and fittings20
2.Average number of employees

20242023
Average number of employees during the year44
3.Tangible fixed assets

Land & buildings

Office Equipment

Total

£££
Cost or valuation
At 01 October 23112,67521,429134,104
At 30 September 24112,67521,429134,104
Depreciation and impairment
At 01 October 2342,33015,43657,766
Charge for year11,2684,28515,553
At 30 September 2453,59819,72173,319
Net book value
At 30 September 2459,0771,70860,785
At 30 September 2370,3455,99376,338
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables15,27970,490
Other debtors139-
Prepayments and accrued income5,0005,000
Total20,41875,490
5.Debtors: amounts due after one year
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,00015,000
Bank borrowings and overdrafts17,71347,712
Taxation and social security-1,126
Accrued liabilities and deferred income2,643849
Total21,35664,687
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts13,33320,898
Total13,33320,898
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)5,4545,454
Total5,4545,454