Cafe Angel Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04630916 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Cafe Angel Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr L S Stevens

Mrs W J Stevens

SECRETARY:

Mrs W J Stevens

REGISTERED OFFICE:

Number Sixty One

Alexandra Road

Lowestoft

Suffolk

NR32 1PL

REGISTERED NUMBER:

04630916 (England and Wales)

ACCOUNTANTS:

CUNNINGHAMS

Number Sixty One

Alexandra Road

Lowestoft

Suffolk

NR32 1PL

FIXED ASSETS

Tangible assets

4

9,839

11,469

Investment property

5

840,315

573,646

850,154

585,115

CURRENT ASSETS

Debtors

6

2,033

2,482

Cash at bank

6,219

134,229

8,252

136,711

CREDITORS

Amounts falling due within one year

7

326,128

332,793

NET CURRENT LIABILITIES

(317,876

)

(196,082

)

TOTAL ASSETS LESS CURRENT LIABILITIES

532,278

389,033

PROVISIONS FOR LIABILITIES

30,380

9,855

NET ASSETS

501,898

379,178

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

8

159,517

70,560

Retained earnings

342,379

308,616

SHAREHOLDERS' FUNDS

501,898

379,178

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 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 23 December 2021 and were signed on its behalf by:

Mrs W J Stevens - Director

1.	STATUTORY INFORMATION

Cafe Angel 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 as modified by the revaluation of certain assets.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

18,855

Additions

1,515

At 31 March 2021

20,370

DEPRECIATION

At 1 April 2020

7,386

Charge for year

3,145

At 31 March 2021

10,531

NET BOOK VALUE

At 31 March 2021

9,839

At 31 March 2020

11,469

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2020

573,646

Additions

156,877

Revaluations

109,792

At 31 March 2021

840,315

NET BOOK VALUE

At 31 March 2021

840,315

At 31 March 2020

573,646

The investment properties were valued by the directors on 31 March 2021 on an open market basis.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Other debtors

2,033

2,482

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Amounts owed to group undertakings

281,422

281,422

Taxation and social security

9,608

12,746

Other creditors

35,098

38,625

326,128

332,793

8.

RESERVES

Fair

value

reserve

£

At 1 April 2020

70,560

Transfers

88,957

At 31 March 2021

159,517

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2021 and 31 March 2020:

31.3.21

31.3.20

£

£

Mrs W J Stevens and Mr L S Stevens

Balance outstanding at start of year

-

-

Amounts advanced

128,310

68,441

Amounts repaid

(128,310

)

(68,441

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

The company charged interest of £1,213 (2020 - £1,366) on the overdrawn directors' loan balance in the year.