Rosemere Coffee Shop Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07913994 (England and Wales)

Rosemere Coffee Shop Limited

Unaudited Financial Statements

for the Year Ended 31 March 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Hill

P Mileham

REGISTERED OFFICE:

Royal Preston Hospital Lancashire

Teaching Hospitals

Executive Dept, Sharoe Green Lane

Fulwood

Lancashire

PR2 9HT

REGISTERED NUMBER:

07913994 (England and Wales)

ACCOUNTANTS:

McMillan & Co LLP

Chartered Accountants

28 Eaton Avenue

Matrix Office Park

Buckshaw Village

Chorley

Lancashire

PR7 7NA

FIXED ASSETS

Tangible assets

4

3,026

3,560

CURRENT ASSETS

Stocks

385

385

Cash at bank and in hand

6,726

15,981

7,111

16,366

CREDITORS

Amounts falling due within one year

5

240

3,026

NET CURRENT ASSETS

6,871

13,340

TOTAL ASSETS LESS CURRENT LIABILITIES

9,897

16,900

CREDITORS

Amounts falling due after more than one year

6

10,961

10,961

NET (LIABILITIES)/ASSETS

(1,064

)

5,939

RESERVES

Income and expenditure account

(1,064

)

5,939

(1,064

)

5,939

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 surplus or deficit 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 July 2021 and were signed on its behalf by:

D J Hill - Director

P Mileham - Director

1.	STATUTORY INFORMATION

Rosemere Coffee Shop Limited is a private company, limited by guarantee , 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 (£).

The amounts in the financial statements have been rounded to the nearest £1.

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.

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.

Fixtures and fittings

-

15% on reducing balance

Stocks

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

Financial instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

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 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.

Gift aid payments

Gift aid payments are treated as a distribution in accordance with FRS102 and recognised when a legal obligation exists to make payment.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2020

and 31 March 2021

9,276

DEPRECIATION

At 1 April 2020

5,716

Charge for year

534

At 31 March 2021

6,250

NET BOOK VALUE

At 31 March 2021

3,026

At 31 March 2020

3,560

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

as

restated

£

£

Social security and other taxes

(135

)

2,485

Accruals and deferred income

375

541

240

3,026

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

as

restated

£

£

Other creditors

10,961

10,961

7.	RELATED PARTY DISCLOSURES

In the opinion of the directors the company is controlled by the directors'.

8.	LIMITED BY GUARANTEE

The company is limited by guarantee of members and does not have share capital. The liability of the members is limited to £1.