REGISTERED NUMBER: 07067146 (England and Wales)

Financial Statements for the Year Ended 29 December 2024

for

Leaf Tea Shop & Bar (Smithdown) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss N Haywood

G P Haywood

REGISTERED OFFICE:

364-368 Smithdown Road

Liverpool

Merseyside

L15 5AN

REGISTERED NUMBER:

07067146 (England and Wales)

ACCOUNTANTS:

Cobham Murphy

116 Duke Street

Liverpool

Merseyside

L1 5JW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

119,362

140,923

119,362

140,923

CURRENT ASSETS

Stocks

9,691

9,750

Debtors

6

24,796

8,927

Cash at bank and in hand

72,083

53,047

106,570

71,724

CREDITORS

Amounts falling due within one year

7

364,764

263,111

NET CURRENT LIABILITIES

(258,194

)

(191,387

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(138,832

)

(50,464

)

CREDITORS

Amounts falling due after more than one year

8

(19,764

)

(21,688

)

PROVISIONS FOR LIABILITIES

(29,351

)

(29,546

)

NET LIABILITIES

(187,947

)

(101,698

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(188,047

)

(101,798

)

SHAREHOLDERS' FUNDS

(187,947

)

(101,698

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 December 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 29 September 2025 and were signed on its behalf by:

Miss N Haywood - Director

1.	STATUTORY INFORMATION

Leaf Tea Shop & Bar (Smithdown) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Impact of Covid-19

The accounts have been prepared on a going concern basis despite the bar being closed at various times since the beginning of the pandemic. The directors are confident that the company will return back to profitability after the pandemic is over.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover

Turnover arises from the running of a licenced restaurant and is measured at the fair value of the consideration received or receivable, excluding discounts, rebated, value added tax and other sales taxes. Revenue is recognised upon sale of food and drink.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance and in accordance with the property

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Intercompany loans (being repayable on demand) and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 28 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 30 December 2023

and 29 December 2024

11,104

AMORTISATION

At 30 December 2023

and 29 December 2024

11,104

NET BOOK VALUE

At 29 December 2024

-

At 29 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 30 December 2023

375,397

Additions

920

At 29 December 2024

376,317

DEPRECIATION

At 30 December 2023

234,474

Charge for year

22,481

At 29 December 2024

256,955

NET BOOK VALUE

At 29 December 2024

119,362

At 29 December 2023

140,923

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.12.24

29.12.23

£

£

Trade debtors

244

-

Other debtors

24,552

8,927

24,796

8,927

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.12.24

29.12.23

£

£

Bank loans and overdrafts

9,935

9,935

Trade creditors

47,912

76,590

Amounts owed to associates

70,267

13,584

Taxation and social security

105,402

96,929

Other creditors

131,248

66,073

364,764

263,111

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29.12.24

29.12.23

£

£

Bank loans

19,764

21,688