Stubbs And Co Restaurants Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11012962 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020

FOR

STUBBS AND CO RESTAURANTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs H S Bensley

A.V. Bensley

REGISTERED OFFICE:

St James's House

8 Overcliffe

Gravesend

Kent

DA11 0HJ

REGISTERED NUMBER:

11012962 (England and Wales)

ACCOUNTANTS:

The Carley Partnership

St James's House

8 Overcliffe

Gravesend

Kent

DA11 0HJ

FIXED ASSETS

Tangible assets

4

3,202,533

2,627,571

CURRENT ASSETS

Debtors

5

33,341

31,654

Cash at bank

8,368

25,798

41,709

57,452

CREDITORS

Amounts falling due within one year

6

3,111,839

2,536,411

NET CURRENT LIABILITIES

(3,070,130

)

(2,478,959

)

TOTAL ASSETS LESS CURRENT LIABILITIES

132,403

148,612

CAPITAL AND RESERVES

Called up share capital

7

200,100

200,100

Retained earnings

(67,697

)

(51,488

)

SHAREHOLDERS' FUNDS

132,403

148,612

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2020 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 17 March 2021 and were signed on its behalf by:

Mrs H S Bensley - Director

1.	STATUTORY INFORMATION

Stubbs And Co Restaurants 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.

Tangible fixed assets

The company is currently refurbishing the property it will trade from and, as the construction work is ongoing at the year end, the costs to date of acquiring and refurbishing the property have been treated as assets in the course of construction at the year end.

Assets under construction for future operating activities are not depreciated.

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 2 (2019 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Assets in

course of

construction

£

COST

At 1 November 2019

2,627,571

Additions

574,962

At 31 October 2020

3,202,533

NET BOOK VALUE

At 31 October 2020

3,202,533

At 31 October 2019

2,627,571

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

33,341

31,654

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

84,456

161,466

Taxation and social security

1,588

-

Other creditors

3,025,795

2,374,945

3,111,839

2,536,411

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

200,100

Ordinary

£1

200,100

200,100