The Takeaway Northleach Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11995481 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

THE TAKEAWAY NORTHLEACH LTD

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

M A Harris

REGISTERED OFFICE:

Flat 20

Presidents Quay House

72 St Katharines Way

London

E1W 1UF

REGISTERED NUMBER:

11995481 (England and Wales)

ACCOUNTANTS:

Andorran Limited

6 Manor Park Business Centre

Mackenzie Way

Cheltenham

Gloucestershire

GL51 9TX

FIXED ASSETS

Tangible assets

4

23,681

27,020

CURRENT ASSETS

Stocks

2,500

2,150

Debtors

12,131

12,354

Cash at bank and in hand

15,056

2,463

29,687

16,967

CREDITORS

Amounts falling due within one year

(47,107

)

(39,024

)

NET CURRENT LIABILITIES

(17,420

)

(22,057

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,261

4,963

CREDITORS

Amounts falling due after more than one year

(295

)

-

PROVISIONS FOR LIABILITIES

(4,499

)

(4,692

)

NET ASSETS

1,467

271

CAPITAL AND RESERVES

Called up share capital

5

1

1

Retained earnings

1,466

270

SHAREHOLDERS' FUNDS

1,467

271

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 December 2021 and were signed by:

M A Harris - Director

1.	STATUTORY INFORMATION

The Takeaway Northleach Ltd 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.

The company relies for its working capital on several different sources, including the sole director and a company under common control. The director has assessed the working capital requirements of the company for a period of twelve months from the date of approval of these financial statements and, despite the ongoing uncertainties created by the COVID-19 pandemic, is confident that the company will generate sufficient funds to enable it to trade as a going concern. The director has also agreed to provide sufficient funding, as required, to support the company's projected cash flow requirements. As a result, the director considers it appropriate to draw up these financial statements on the basis that the company is a going concern.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

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 1 (2020 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2020

30,842

Additions

1,416

Disposals

(225

)

At 31 March 2021

32,033

DEPRECIATION

At 1 April 2020

3,822

Charge for year

4,609

Eliminated on disposal

(79

)

At 31 March 2021

8,352

NET BOOK VALUE

At 31 March 2021

23,681

At 31 March 2020

27,020

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.21

31.3.20

value:

£

£

1

Ordinary

£1

1

1

6.	RELATED PARTY DISCLOSURES

M A Harris

Director and shareholder

In a previous year, Mr Harris loaned the company £17,511 as working capital. During the year, Mr Harris loaned the company a further £1,495. This amount is unsecured, interest-free and repayable on demand.

31.3.21

31.3.20

£

£

Amount due to related party at the balance sheet date

19,006

17,511

Harris Restaurant Consultants Limited

A company in which Mr Harris is sole director and shareholder

In a previous year, the company charged Harris Restaurant Consultants Limited £45,000 for project assistance on an arms' length basis. The related party has also provided working capital finance for the company on an interest-free, unsecured basis, where the advance is repayable on demand.

31.3.21

31.3.20

£

£

Amount due to related party at the balance sheet date

7,372

2,116

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Takeaway Northleach Ltd for the year ended 31 March 2021 which comprise the Statement of Income and Retained Earnings, Abridged Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of The Takeaway Northleach Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Takeaway Northleach Ltd and state those matters that we have agreed to state to the director of The Takeaway Northleach Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Takeaway Northleach Ltd and its director for our work or for this report.

It is your duty to ensure that The Takeaway Northleach Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Takeaway Northleach Ltd. You consider that The Takeaway Northleach Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Takeaway Northleach Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Andorran Limited

6 Manor Park Business Centre

Mackenzie Way

Cheltenham

Gloucestershire

GL51 9TX

Date: .............................................