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SEABURN BEACH CAFE LIMITED - Company Information

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Seaburn Beach Cafe Limited

Registered Number:10017123

For the year ended 28 February 2019

England and Wales

Unaudited Financial Statements

For the year ended 28 February 2019

Seaburn Beach Cafe Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 28 February 2019

Seaburn Beach Cafe Limited

Statement of Financial Position

Registered Number :

10017123

2018

2019

Notes

Fixed assets

Property, plant and equipment

28,617

36,053

28,617

36,053

Current assets

Inventories

1,800

1,650

Trade and other receivables

130,267

127,966

34,604

Cash and cash equivalents

11,825

141,441

166,671

Trade and other payables: amounts falling due within one

year

(212,262)

(166,658)

(45,591)

(25,217)

Net current liabilities

Total assets less current liabilities

3,400

(9,538)

3,400

Net assets/liabilities

(9,538)

Capital and reserves

Called up share capital

Retained earnings

3,399

(9,539)

3,400

(9,538)

Shareholders' funds

For the year ended 28 February 2019 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 year 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 proper 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 Section

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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

Mrs Donna O'Brien Director

These financial statements were approved and authorised for issue by the Board on 21 November 2019 and were signed by:

The notes form part of these financial statements

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For the year ended 28 February 2019

Seaburn Beach Cafe Limited

Notes to the Financial Statements

Statutory Information

Seaburn Beach Cafe Limited is a private limited company, limited by shares, domiciled in England and Wales,

registration number 10017123.

Registered address:

Funky Beach Cafe

Lower Promenade, Whitburn Road

Sunderland

Tyne & Wear

SR6 8AA

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.

Property, plant and equipment

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings

10% Straight line

Plant and Machinery

20% Straight line

Furniture and Fittings

Inventories

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.

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For the year ended 28 February 2019

Seaburn Beach Cafe Limited

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Furniture and

Fittings

Plant and

Machinery

Land and

Buildings

Cost or

valuation

At 01 March 2018

50,591

4,772

35,202

10,617

1,970

1,645

325

Additions

At 28 February 2019

10,617

35,527

6,417

52,561

Provision for depreciation and impairment

At 01 March 2018

14,538

1,438

11,375

1,725

Charge for year

9,406

1,247

7,098

1,061

At 28 February 2019

23,944

2,685

18,473

2,786

At 28 February 2019

Net book value

7,831

17,054

3,732

28,617

At 28 February 2018

8,892

23,827

3,334

36,053

3. Inventories

2018

2019

Stocks

1,650

1,800

4. Trade and other receivables

2018

2019

Amounts owed by group undertakings and participating interests

112,216

Other debtors

15,750

130,267

127,966

5. Trade and other payables: amounts falling due within one year

2018

2019

Trade creditors

5,094

35,552

Amounts owed to group undertaking and undertaking in which the

company has a participating interest

95,000

Taxation and social security

12,565

20,891

Other creditors

53,999

60,819

166,658

212,262

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For the year ended 28 February 2019

Seaburn Beach Cafe Limited

Notes to the Financial Statements Continued

6. Related party transactions

As at 28 February 2019, D L O'Brien (Director) was owed £50,308 (year ended 28 February 2018 - £33,530). This

balance arose in relation to a loan to the company of £26,000 and drawings of £9,222.24.

As at 28 February 2019, Kenron Developments Limited (Mutual Director of the company) was owed £95,472 (year

ended 28 February 2018 - £95,000). This balance was in relation to a Loan..

7. Guarantees and other financial commitments

Lease commitments

At 28 February 2019 the company had annual commitments under non-cancellable operating leases as set out

below:

2018

2019

Operating leases which expire:

13,620

20,130

Within 1 year

13,620

Within 2 to 5 years

13,620

33,750

8. Average number of persons employed

During the year the average number of employees was 8 (2018 : 8)

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