The Cheese Truck - Camden Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09800883 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2017 TO 28 FEBRUARY 2019

FOR

THE CHEESE TRUCK - CAMDEN LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M J Carver

REGISTERED OFFICE:

The Cheese Bar

Unit 93, Camden Market

London

NW1 8AH

REGISTERED NUMBER:

09800883 (England and Wales)

ACCOUNTANTS:

Burnside

Chartered Accountants

and Statutory Auditor

61 Queen Square

Bristol

BS1 4JZ

FIXED ASSETS

Tangible assets

4

7,528

2,454

CURRENT ASSETS

Debtors

5

30,000

33,625

CREDITORS

Amounts falling due within one year

6

43,108

67,091

NET CURRENT LIABILITIES

(13,108

)

(33,466

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,580

)

(31,012

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(5,680

)

(31,112

)

SHAREHOLDERS' FUNDS

(5,580

)

(31,012

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 4 November 2019 and were signed by:

M J Carver - Director

1.	STATUTORY INFORMATION

The Cheese Truck - Camden Ltd 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.

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

The current period represents a 17 month period, as the company has extended its

accounting reference date to match that of its parent undertaking. The comparative period is

a 12 month period and is therefore not directly comparable.

Turnover

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

discounts, rebates, value added tax and other sales taxes.

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

-

25% on cost

Financial instruments

Financial assets and liabilities are recognised in the balance sheet when the company

becomes party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are

measured on initial recognition at transaction price. Debtors and creditors are subsequent

measured at amortised cost using the effective interest rate method. A provision is

established when there is objective evidence that the company not be able to collect all

amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash

in hand and at bank.

Financial liabilities and equity instruments issued by the company are classified in

accordance with the substance of the contractual arrangements entered into and the

definitions of a financial liability and an equity instrument. An equity instrument is any

contract that evidences a residual interest in the assets of the company after deducting all of

its liabilities. Equity instruments issued by the company are recorded at the proceeds

received, net of any direct issue costs.

Taxation

Taxation for the period 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

Going concern

At 28 February 2019, the company had net liabilities of £5,580 (At 30 September 2017 -

£31,012) and earned a profit for the period of £25,432 (year to 30 September 2017 - loss of

£2,066). The company is reliant on the continued financial support of its parent undertaking

to meet its liabilities as they fall due. The parent undertaking has confirmed that this support

will continue to be provided for the foreseeable future, and therefore the director has

concluded that the going concern basis of accounting remains appropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

leasehold

fittings

Totals

£

£

£

COST

At 1 October 2017

-

4,066

4,066

Additions

8,143

-

8,143

At 28 February 2019

8,143

4,066

12,209

DEPRECIATION

At 1 October 2017

-

1,612

1,612

Charge for period

1,629

1,440

3,069

At 28 February 2019

1,629

3,052

4,681

NET BOOK VALUE

At 28 February 2019

6,514

1,014

7,528

At 30 September 2017

-

2,454

2,454

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2017

£

£

Amounts owed by group undertakings

-

3,625

Other debtors

30,000

30,000

30,000

33,625

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2017

£

£

Amounts owed to group undertakings

5,568

-

Accruals and deferred income

37,540

67,091

43,108

67,091

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2019

2017

£

£

Within one year

100,000

120,000

Between one and five years

400,000

480,000

In more than five years

298,571

530,274

798,571

1,130,274

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2017

value:

£

£

100

Ordinary

£1.00

100

100

9.	RELATED PARTY DISCLOSURES

In the period to 28 February 2019, rent totalling £135,506 was charged to The Cheese Truck

Limited (year ended 30 September 2017 - £65,652).

At 28 February 2019 the company owed £5,568 to The Cheese Truck Limited (At 30

September 2017 - £3,625 owed by The Cheese Truck Limited). This balance is unsecured,

does not carry any interest and is repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M J Carver.

The company is a wholly owned subsidiary of The Cheese Truck Limited, a company

incorporated in England & Wales, whose registered office is Unit 93, The Cheese Bar,

Camden Market, London, NW1 8AH.