The Bleeding Heart Catering Co. Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 04750715 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2022

for

The Bleeding Heart Catering Co. Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms K Davenport

SECRETARY:

M Gor

REGISTERED OFFICE:

Suite 2C, Brosnan House

175 Darkes Lane

Potters Bar

Hertfordshire

EN6 1BW

REGISTERED NUMBER:

04750715 (England and Wales)

ACCOUNTANTS:

The Greene Partnership LLP

Chartered Accountants

Suite 2C, Brosnan House

175 Darkes Lane

Potters Bar

Hertfordshire

EN6 1BW

FIXED ASSETS

Tangible assets

4

1,724,740

1,735,501

Investments

5

1

1

1,724,741

1,735,502

CURRENT ASSETS

Stocks

14,365

1,112

Debtors

6

156,871

69,707

Cash at bank and in hand

737,301

530,413

908,537

601,232

CREDITORS

Amounts falling due within one year

7

348,896

91,001

NET CURRENT ASSETS

559,641

510,231

TOTAL ASSETS LESS CURRENT LIABILITIES

2,284,382

2,245,733

CREDITORS

Amounts falling due after more than one year

8

(95,770

)

(122,605

)

PROVISIONS FOR LIABILITIES

11

(29,997

)

(31,841

)

NET ASSETS

2,158,615

2,091,287

CAPITAL AND RESERVES

Called up share capital

12

1,000

1,000

Retained earnings

2,157,615

2,090,287

SHAREHOLDERS' FUNDS

2,158,615

2,091,287

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 14 February 2023 and were signed by:

Ms K Davenport - Director

1.	STATUTORY INFORMATION

The Bleeding Heart Catering Co. 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

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

Fixtures, fittings & equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

The company's leasehold properties have a remaining life in excess of 50 years and the properties are regularly maintained to a high standard. The company also has an interest in the company that owns the freehold interest. On this basis, the director believes that the properties do not need to be depreciated as the properties values are being maintained and are fairly reflected in the financial statements.

It is the opinion that the value of the freehold property does not diminish over time and that departing from the relevant accounting standard presents a truer view.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Long

Fixtures,

Freehold

leasehold

fittings

Motor

property

& improvements

& equipment

vehicles

Totals

£

£

£

£

£

COST

At 1 June 2021

386,735

1,170,607

487,423

72,403

2,117,168

Additions

-

-

45,038

-

45,038

At 31 May 2022

386,735

1,170,607

532,461

72,403

2,162,206

DEPRECIATION

At 1 June 2021

-

-

346,593

35,074

381,667

Charge for year

-

-

46,467

9,332

55,799

At 31 May 2022

-

-

393,060

44,406

437,466

NET BOOK VALUE

At 31 May 2022

386,735

1,170,607

139,401

27,997

1,724,740

At 31 May 2021

386,735

1,170,607

140,830

37,329

1,735,501

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 June 2021

and 31 May 2022

1

NET BOOK VALUE

At 31 May 2022

1

At 31 May 2021

1

The company owns an interest in the company that owns the freehold interest. On this basis, the director believes that at present the leasehold property does not need to be depreciated.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.22

31.5.21

£

£

Trade debtors

106,641

13,598

Other debtors

7,500

13,971

VAT

-

1,838

Prepayments

42,730

40,300

156,871

69,707

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.22

31.5.21

£

£

Bank loans and overdrafts (see note 9)

14,958

14,696

Other loans (see note 9)

10,000

3,333

Trade creditors

232,091

58,029

Tax

24,365

-

Social security and other taxes

235

1,463

VAT

55,229

-

Directors' current accounts

823

555

Accrued expenses

11,195

12,925

348,896

91,001

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.22

31.5.21

£

£

Bank loans (see note 9)

60,770

75,938

Other loans (see note 9)

35,000

46,667

95,770

122,605

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

11,145

Bounce back loan

-

6,667

-

17,812

9.

LOANS

An analysis of the maturity of loans is given below:

31.5.22

31.5.21

£

£

Amounts falling due within one year or on demand:

Bank loans

14,958

14,696

Bounce back loan

10,000

3,333

24,958

18,029

Amounts falling due between one and two years:

Bank loans - 1-2 years

16,481

15,274

Bounce back loan

10,000

10,000

26,481

25,274

Amounts falling due between two and five years:

Bank loans - 2-5 years

44,289

49,519

Bounce back loan

25,000

30,000

69,289

79,519

31.5.22

31.5.21

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

11,145

Bounce back loan

-

6,667

-

17,812

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.22

31.5.21

£

£

Bank loans

75,728

90,634

The bank loan is secured by way of fixed charge over the company's properties.

11.	PROVISIONS FOR LIABILITIES

31.5.22

31.5.21

£

£

Deferred tax

Accelerated capital allowances

29,997

31,841

Deferred

tax

£

Balance at 1 June 2021

31,841

Provided during year

(1,844

)

Balance at 31 May 2022

29,997

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.22

31.5.21

value:

£

£

1,000

Ordinary

£1

1,000

1,000

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Ms K Davenport.