The Old Guildford Restaurants Company Ltd,Ltd - AccountsLtd - Accounts

The Old Guildford Restaurants Company Ltd,Ltd - AccountsLtd - Accounts

THE OLD GUILDFORD RESTAURANTS COMPANY LIMITED - Company Information

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2021-01-01 06724424 2021-12-31 06724424 2021-01-01 2021-12-31 06724424 2020-12-31 06724424 2020-01-01 2020-12-31 06724424 uk-core:WithinOneYear 2020-12-31 06724424 uk-core:WithinOneYear 2021-12-31 06724424 uk-core:AfterOneYear 2020-12-31 06724424 uk-core:AfterOneYear 2021-12-31 06724424 uk-core:ShareCapital 2021-12-31 06724424 uk-core:ShareCapital 2020-12-31 06724424 uk-core:SharePremium 2021-12-31 06724424 uk-core:SharePremium 2020-12-31 06724424 uk-core:RevaluationReserve 2021-12-31 06724424 uk-core:RevaluationReserve 2020-12-31 06724424 uk-core:RetainedEarningsAccumulatedLosses 2021-12-31 06724424 uk-core:RetainedEarningsAccumulatedLosses 2020-12-31 06724424 uk-bus:Director1 2021-01-01 2021-12-31 06724424 uk-bus:Director2 2021-01-01 2021-12-31 06724424 uk-core:PlantMachinery 2021-01-01 2021-12-31 06724424 uk-core:FurnitureFittingsToolsEquipment 2021-01-01 2021-12-31 06724424 uk-core:AfterOneYear uk-core:Secured 2021-12-31 06724424 uk-core:AfterOneYear uk-core:Secured 2020-12-31 iso4217:GBP xbrli:pure 06724424 uk-bus:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 06724424 uk-bus:FRS102 2021-01-01 2021-12-31 06724424 uk-bus:FullAccounts 2021-01-01 2021-12-31 06724424 uk-bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31
The Old Guildford Restaurants Company Ltd
Registered Number:06724424
For the year ended 31 December 2021
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2021
The Old Guildford Restaurants Company Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
06724424
As at 31 December 2021
The Old Guildford Restaurants Company Ltd
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Property, plant and equipment
56,027
50,130
2
56,027
50,130
Current assets
Inventories
17,511
18,142
3
Trade and other receivables
16,469
10,338
4
118,395
Cash and cash equivalents
167,053
195,533
152,375
Trade and other payables: amounts falling due within one year
(133,565)
(134,614)
5
18,810
60,919
Net current assets
Total assets less current liabilities
116,946
68,940
Trade and other payables: amounts falling due after more than one
year
(50,000)
(45,000)
6
71,946
Net assets
18,940
Capital and reserves
Called up share capital
220
220
Share premium account
1,833
1,833
Revaluation reserve
27,500
27,500
7
Retained earnings
168,088
115,082
Other reserves
(125,695)
(125,695)
71,946
18,940
Shareholders' funds
For the year ended 31 December 2021 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 31 December 2021 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.
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4
Registered Number :
06724424
For the year ended 31 December 2021
The Old Guildford Restaurants Company Ltd
Statement of Financial Position Continued
Fulvio Bertani Director
N. Jayne Director
These financial statements were approved and authorised for issue by the Board on 18 February 2022 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 December 2021
The Old Guildford Restaurants Company Ltd
Notes to the Financial Statements
Statutory Information
The Old Guildford Restaurants Company Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 06724424.
Registered address:
53 Quarry Street
Guildford
Surrey
GU1 3XQ
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, 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:
Plant and machinery
25% Reducing balance
25% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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6
For the year ended 31 December 2021
The Old Guildford Restaurants Company Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Plant and
machinery
£
Cost or valuation
At 01 January 2021
109,409
10,255
Additions
At 31 December 2021
119,664
Provision for depreciation and impairment
At 01 January 2021
59,279
Charge for year
4,358
At 31 December 2021
63,637
At 31 December 2021
Net book value
56,027
At 31 December 2020
50,130
3. Inventories
2020
2021
£
£
Stocks
18,142
17,511
4. Trade and other receivables
2020
2021
£
£
Trade debtors
-
396
Other debtors
10,338
16,073
16,469
10,338
5. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Trade creditors
24,636
29,154
Taxation and social security
57,489
75,893
Other creditors
52,489
28,518
134,614
133,565
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7
For the year ended 31 December 2021
The Old Guildford Restaurants Company Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2020
2021
£
£
Bank loans and overdraft
45,000
50,000
7. Reserves
Total
£
Revaluation reserve at 01 January 2021
27,500
27,500
Revaluation reserve at 31 December 2021
8. Average number of persons employed
During the year the average number of employees was 20 (2020 : 22)
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