The Cellar Restaurant (Pendle) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04887983 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2020

for

The Cellar Restaurant (Pendle) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A G Foster

Mrs V R Foster

SECRETARY:

Mrs V R Foster

REGISTERED OFFICE:

78 Printers Fold

Lowerhouse

Burnley

Lancashire

BB12 6PG

REGISTERED NUMBER:

04887983 (England and Wales)

ACCOUNTANTS:

Len Entwistle Chartered Accountants

Suite 12

Blackburn Business Centre

Davyfield Road

Blackburn

Lancashire

BB1 2QY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

34,261

36,336

34,261

36,336

CURRENT ASSETS

Stocks

3,000

3,000

Debtors

6

10,786

-

Cash in hand

114,109

38,965

127,895

41,965

CREDITORS

Amounts falling due within one year

7

20,925

16,206

NET CURRENT ASSETS

106,970

25,759

TOTAL ASSETS LESS CURRENT LIABILITIES

141,231

62,095

CREDITORS

Amounts falling due after more than one year

8

(46,667

)

-

PROVISIONS FOR LIABILITIES

(6,510

)

(6,904

)

NET ASSETS

88,054

55,191

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

88,052

55,189

SHAREHOLDERS' FUNDS

88,054

55,191

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2020 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 30 July 2021 and were signed on its behalf by:

A G Foster - Director

1.	STATUTORY INFORMATION

The Cellar Restaurant (Pendle) 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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 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.

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 12 (2019 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2019

and 31 October 2020

28,001

AMORTISATION

At 1 November 2019

and 31 October 2020

28,001

NET BOOK VALUE

At 31 October 2020

-

At 31 October 2019

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2019

64,015

26,495

1,506

92,016

Additions

5,448

-

-

5,448

At 31 October 2020

69,463

26,495

1,506

97,464

DEPRECIATION

At 1 November 2019

39,625

14,791

1,264

55,680

Charge for year

4,476

2,926

121

7,523

At 31 October 2020

44,101

17,717

1,385

63,203

NET BOOK VALUE

At 31 October 2020

25,362

8,778

121

34,261

At 31 October 2019

24,390

11,704

242

36,336

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.20

31.10.19

£

£

Other debtors

10,786

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.20

31.10.19

£

£

Bank loans and overdrafts

3,333

-

Taxation and social security

15,392

14,613

Other creditors

2,200

1,593

20,925

16,206

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.20

31.10.19

£

£

Bank loans

46,667

-

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr & Mrs A. Foster