CASA LOLA RESTAURANT LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11151804 (England and Wales)

Unaudited Financial Statements

for the Period 1 February 2019 to 30 January 2020

for

CASA LOLA RESTAURANT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J GONZALEZ

Mrs. J L HOLT

SECRETARY:

REGISTERED OFFICE:

11 LAUD STREET

CROYDON

Surrey

CR01SU

REGISTERED NUMBER:

11151804 (England and Wales)

ACCOUNTANTS:

TABS ACOOUNTANCY SERVICES LTD

11 LAUD STREET

CROYDON

Surrey

CR0 1SU

FIXED ASSETS

Tangible assets

4

279,636

CURRENT ASSETS

Debtors

5

82,865

Cash in hand

90,296

173,161

CREDITORS

Amounts falling due within one year

6

40,868

NET CURRENT ASSETS

132,293

TOTAL ASSETS LESS CURRENT LIABILITIES

411,929

CREDITORS

Amounts falling due after more than one year

7

402,802

NET ASSETS

9,127

CAPITAL AND RESERVES

Called up share capital

10

Retained earnings

9,117

SHAREHOLDERS' FUNDS

9,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 January 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 January 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 26 February 2021 and were signed on its behalf by:

J GONZALEZ - Director

1.	STATUTORY INFORMATION

CASA LOLA RESTAURANT 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.

Tangible fixed assets

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

Additions

213,948

65,688

279,636

At 30 January 2020

213,948

65,688

279,636

NET BOOK VALUE

At 30 January 2020

213,948

65,688

279,636

5.

DEBTORS

£

Amounts falling due within one year:

Other debtors

52,274

Amounts falling due after more than one year:

Other debtors

30,591

Aggregate amounts

82,865

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

26,374

Trade creditors

59,167

Taxation and social security

(55,752

)

Other creditors

11,079

40,868

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

156,046

Other creditors

246,756

402,802

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

24,176

8.	LEASING AGREEMENTS

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

£

Within one year

28,440

Between one and five years

47,400

75,840

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 January 2020:

£

J GONZALEZ

Balance outstanding at start of period

-

Amounts repaid

(240,084

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

(240,084

)

10.	ULTIMATE CONTROLLING PARTY

The controlling party is J GONZALEZ.