Herbel Restaurants Limited Filleted accounts for Companies House (small and micro)
Herbel Restaurants Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
NI014639
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Financial Statements |
Period from 24 December 2018 to 29 December 2019
Contents |
Pages |
Officers and professional advisers |
1 |
Statement of financial position |
2 |
Notes to the financial statements |
3 to 6 |
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Officers and Professional Advisers |
The board of directors |
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Company secretary |
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Registered office |
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Auditor |
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Chartered Accountants & Statutory Auditors |
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Aisling House |
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50 Stranmillis Embankment |
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Belfast |
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BT9 5FL |
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Bankers |
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1 Donegall Square South |
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Belfast |
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BT1 5LR |
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Donegall Square West |
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Belfast |
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BT1 6JS |
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Solicitors |
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Jefferson House |
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42 Queen Street |
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Belfast |
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BT1 6HL |
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Statement of Financial Position |
29 Dec 19 |
23 Dec 18 |
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Note |
£ |
£ |
£ |
Fixed assets
Investments |
4 |
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Current assets
Debtors |
5 |
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– |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
6 |
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Net current liabilities |
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Total assets less current liabilities |
(
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(
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Creditors: amounts falling due after more than one year |
7 |
– |
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Net liabilities |
(
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(
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Capital and reserves
Called up share capital |
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Capital redemption reserve |
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Profit and loss account |
(
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Shareholders deficit |
(
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(
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
21 September 2020
, and are signed on behalf of the board by:
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Director |
Company registration number:
NI014639
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Notes to the Financial Statements |
Period from 24 December 2018 to 29 December 2019
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Aisling House, 50 Stranmillis Embankment, Belfast, BT9 5FL.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
Judgements and key sources of estimation uncertainty
Exceptional items
Exceptional items are disclosed separately in the financial statements in order to provide further understanding of the financial performance of the entity. They are material items of income or expense that have been shown separately because of their nature or amount.
Income tax
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in joint ventures
Impairment of fixed assets
Financial instruments
A
financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Investments
Shares in group undertakings |
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£ |
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Cost |
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At 24 December 2018 |
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Disposals |
(
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At 29 December 2019 |
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Impairment |
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At 24 December 2018 and 29 December 2019 |
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Carrying amount |
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At 29 December 2019 |
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At 23 December 2018 |
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5.
Debtors
29 Dec 19 |
23 Dec 18 |
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£ |
£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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– |
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6.
Creditors:
amounts falling due within one year
29 Dec 19 |
23 Dec 18 |
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£ |
£ |
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Social security and other taxes |
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– |
Other creditors |
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7.
Creditors:
amounts falling due after more than one year
29 Dec 19 |
23 Dec 18 |
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£ |
£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
– |
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8.
Summary audit opinion
The auditor's report for the period dated
26 June 2019
was unqualified
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An Emphasis of Matter paragraph was included in relation to Going Concern:
Material uncertainty related to going concern
The Senior Statutory Auditor was
Cathal Maneely
, for and on behalf of Maneely McCann
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9.
Director's advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company:
Balance brought forward and outstanding |
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29 Dec 19 |
23 Dec 18 |
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£ |
£ |
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(
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(
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10.
Related party transactions
Control The company is a wholly owned subsidiary of Herbel Limited, a company incorporated in Northern Ireland. Herbel Limited is a wholly owned subsidiary of Banner Dell Limited, a company incorporated in England and Wales which is a wholly owned subsidiary of Herbert Corporate Holdings Limited, a company incorporated in Northern Ireland.
Mrs L E Herbert
is the shareholder of Herbert Corporate Holdings Limited and as such is considered to be the ultimate controlling party of the company. Transactions The company has taken advantage of the exemption from disclosing related party transactions with group companies, in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, Section 33, Related Party Disclosures.
11.
Controlling party