The Old Guildford Restaurants Company Ltd,Ltd - AccountsLtd - Accounts

The Old Guildford Restaurants Company Ltd,Ltd - AccountsLtd - Accounts

THE OLD GUILDFORD RESTAURANTS COMPANY LIMITED - Company Information

Print Friendly Version

2020-01-01 06724424 2020-12-31 06724424 2020-01-01 2020-12-31 06724424 2019-12-31 06724424 2019-01-01 2019-12-31 06724424 uk-core:WithinOneYear 2019-12-31 06724424 uk-core:WithinOneYear 2020-12-31 06724424 uk-core:AfterOneYear 2019-12-31 06724424 uk-core:AfterOneYear 2020-12-31 06724424 uk-core:ShareCapital 2020-12-31 06724424 uk-core:ShareCapital 2019-12-31 06724424 uk-core:SharePremium 2020-12-31 06724424 uk-core:SharePremium 2019-12-31 06724424 uk-core:RevaluationReserve 2020-12-31 06724424 uk-core:RevaluationReserve 2019-12-31 06724424 uk-core:RetainedEarningsAccumulatedLosses 2020-12-31 06724424 uk-core:RetainedEarningsAccumulatedLosses 2019-12-31 06724424 uk-bus:Director1 2020-01-01 2020-12-31 06724424 uk-bus:Director2 2020-01-01 2020-12-31 06724424 uk-core:PlantMachinery 2020-01-01 2020-12-31 06724424 uk-core:FurnitureFittingsToolsEquipment 2020-01-01 2020-12-31 06724424 uk-core:AfterOneYear uk-core:Secured 2020-12-31 06724424 uk-core:AfterOneYear uk-core:Secured 2019-12-31 iso4217:GBP xbrli:pure 06724424 uk-bus:AuditExempt-NoAccountantsReport 2020-01-01 2020-12-31 06724424 uk-bus:FRS102 2020-01-01 2020-12-31 06724424 uk-bus:FullAccounts 2020-01-01 2020-12-31 06724424 uk-bus:PrivateLimitedCompanyLtd 2020-01-01 2020-12-31
The Old Guildford Restaurants Company Ltd
Registered Number:06724424
For the year ended 31 December 2020
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2020
The Old Guildford Restaurants Company Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
06724424
As at 31 December 2020
The Old Guildford Restaurants Company Ltd
Statement of Financial Position
£
£
2019
2020
Notes
Fixed assets
Property, plant and equipment
50,130
17,259
2
50,130
17,259
Current assets
Inventories
23,166
17,511
3
Trade and other receivables
9,300
16,469
4
131,073
Cash and cash equivalents
118,395
152,375
163,539
Trade and other payables: amounts falling due within one year
(153,149)
(133,565)
5
10,390
18,810
Net current assets
Total assets less current liabilities
68,940
27,649
Trade and other payables: amounts falling due after more than one
year
-
(50,000)
6
18,940
Net assets
27,649
Capital and reserves
Called up share capital
220
220
Share premium account
1,833
1,833
Revaluation reserve
27,500
-
7
Retained earnings
115,082
151,291
Other reserves
(125,695)
(125,695)
18,940
27,649
Shareholders' funds
For the year ended 31 December 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
1 of 5
4
Registered Number :
06724424
For the year ended 31 December 2020
The Old Guildford Restaurants Company Ltd
Statement of Financial Position Continued
Fulvio Bertani Director
N. Jayne Director
These financial statements were approved and authorised for issue by the Board on 20 February 2021 and were signed by:
The notes form part of these financial statements
2 of 5
5
For the year ended 31 December 2020
The Old Guildford Restaurants Company Ltd
Notes to the Financial Statements
Statutory Information
The Old Guildford Restaurants Company Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 06724424.
Registered address:
53 Quarry Street
Guildford
Surrey
GU1 3XQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial
statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
25% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
3 of 5
6
For the year ended 31 December 2020
The Old Guildford Restaurants Company Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Plant and
machinery
£
Cost or valuation
At 01 January 2020
69,798
12,111
Additions
27,500
Revaluations
At 31 December 2020
109,409
Provision for depreciation and impairment
At 01 January 2020
52,539
Charge for year
6,740
At 31 December 2020
59,279
At 31 December 2020
Net book value
50,130
At 31 December 2019
17,259
3. Inventories
2019
2020
£
£
Stocks
17,511
23,166
4. Trade and other receivables
2019
2020
£
£
Trade debtors
396
(452)
Other debtors
16,073
9,752
9,300
16,469
5. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Trade creditors
29,154
49,958
Taxation and social security
75,893
67,219
Other creditors
28,518
35,972
133,565
153,149
4 of 5
7
For the year ended 31 December 2020
The Old Guildford Restaurants Company Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2019
2020
£
£
Bank loans and overdraft
50,000
-
7. Reserves
Total
£
Revaluation reserve at 01 January 2020
-
Revaluation of fixed assets
27,500
27,500
Revaluation reserve at 31 December 2020
8. Average number of persons employed
During the year the average number of employees was 0 (2019 : 11)
5 of 5