The Cellar Restaurant (Pendle) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04887983 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2018

for

The Cellar Restaurant (Pendle) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A G Foster

Mrs V R Foster

SECRETARY:

Mrs V R Foster

REGISTERED OFFICE:

78 Printers Fold

Lowerhouse

Burnley

Lancashire

BB12 6PG

REGISTERED NUMBER:

04887983 (England and Wales)

ACCOUNTANTS:

Len Entwistle Chartered Accountants

Suite 12

Blackburn Business Centre

Davyfield Road

Blackburn

Lancashire

BB1 2QY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

38,575

31,084

38,575

31,084

CURRENT ASSETS

Stocks

3,000

3,000

Cash in hand

12,770

10,660

15,770

13,660

CREDITORS

Amounts falling due within one year

6

13,941

13,458

NET CURRENT ASSETS

1,829

202

TOTAL ASSETS LESS CURRENT LIABILITIES

40,404

31,286

PROVISIONS FOR LIABILITIES

7,329

5,700

NET ASSETS

33,075

25,586

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

33,073

25,584

SHAREHOLDERS' FUNDS

33,075

25,586

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 29 July 2019 and were signed on its behalf by:

A G Foster - Director

1.	STATUTORY INFORMATION

The Cellar Restaurant (Pendle) 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any

accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

items.

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 6 (2017 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2017

and 31 October 2018

28,001

AMORTISATION

At 1 November 2017

and 31 October 2018

28,001

NET BOOK VALUE

At 31 October 2018

-

At 31 October 2017

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2017

53,379

35,835

1,134

90,348

Additions

4,472

13,495

372

18,339

Disposals

-

(22,835

)

-

(22,835

)

At 31 October 2018

57,851

26,495

1,506

85,852

DEPRECIATION

At 1 November 2017

31,345

27,051

868

59,264

Charge for year

3,976

5,202

198

9,376

Eliminated on disposal

-

(21,363

)

-

(21,363

)

At 31 October 2018

35,321

10,890

1,066

47,277

NET BOOK VALUE

At 31 October 2018

22,530

15,605

440

38,575

At 31 October 2017

22,034

8,784

266

31,084

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

£

Taxation and social security

7,001

8,108

Other creditors

6,940

5,350

13,941

13,458

7.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr & Mrs A. Foster