| Long Barn Catering Limited |
| Registered number: |
03870502 |
| Balance Sheet |
| as at 31 March 2022 |
|
| Notes |
|
|
2022 |
|
|
2021 |
| £ |
£ |
| Current assets |
| Stocks |
|
|
7,139 |
|
|
3,843 |
| Debtors |
5 |
|
2,856 |
|
|
610 |
| Cash at bank and in hand |
|
|
9,127 |
|
|
10,449 |
|
|
|
19,122 |
|
|
14,902 |
|
| Creditors: amounts falling due within one year |
6 |
|
(18,445) |
|
|
(14,225) |
|
| Net current assets |
|
|
|
677 |
|
|
677 |
|
| Net assets |
|
|
|
677 |
|
|
677 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
577 |
|
|
577 |
|
| Shareholder's funds |
|
|
|
677 |
|
|
677 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| J Seymour |
| Director |
| Approved by the board on 23 August 2022 |
|
| Long Barn Catering Limited |
| Notes to the Accounts |
| for the year ended 31 March 2022 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Going concern |
|
The company is financially supported by its parent company. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. |
|
|
Donated profits |
|
Under a Deed of Covenant, the company donates all annual profit to its parent undertaking and registered charity, The Norden Farm Centre Trust Limited. The donation is accounted for as a distribution in the Statement of Changes in Equity. |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Employee benefits and pensions |
|
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. |
|
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Other operating income |
|
|
Other operating income is £20,988 grant monies allocated from the Culture Recovery Fund claim. |
|
|
| 3 |
Employees |
2022 |
|
2021 |
| Number |
Number |
|
|
Average number of persons employed by the company |
9 |
|
17 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Taxation |
|
|
The company has no exposure to taxation as the whole of its profits are donated under a Deed of Covenant, reducing profit subject to corporation tax to nil in each accounting period. |
|
|
| 5 |
Debtors |
2022 |
|
2021 |
| £ |
£ |
|
|
Trade debtors |
- |
|
610 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
2,856 |
|
- |
|
|
|
|
|
|
2,856 |
|
610 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Trade creditors |
4,625 |
|
1,216 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
- |
|
3,690 |
|
Taxation and social security costs |
6,120 |
|
- |
|
Other creditors |
7,700 |
|
9,319 |
|
|
|
|
|
|
18,445 |
|
14,225 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Controlling party |
|
|
The company is a wholly owned subsidiary of The Norden Farm Centre Trust Limited. There is no ultimate controlling party. |
|
|
| 8 |
Other information |
|
|
Long Barn Catering Limited is a private company limited by shares and incorporated in England. Its registered office and that of its parent is: |
|
Norden Farm Centre For The Arts |
|
Altwood Road |
|
Maidenhead |
|
Berkshire |
|
SL6 4PF |
