SINGH'S CORNER UK LTD Accounts

SINGH'S CORNER UK LTD - Company Information






SINGH'S CORNER UK LTD

	Company No. 11557908
		Information for Filing with The Registrar
		30 September 2022

The Director presents his report and the accounts for the year ended 30 September 2022.

Principal activities
The principal activity of the company during the year under review was Unlicensed restaurants and cafes & takeaway. During the year Company has ceased the trade of take away restaurants however Shop has sub let to other business to generate the Rental Income ( Other Operating Income)




Director

The Director who served at any time during the year was as follows:

C.S. Canijo







































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

C.S. Canijo
Director
15 September 2023

at	30 September 2022
Company No.		11557908	Notes	2022	2021
				£	£
Fixed assets
	Intangible assets		4	10,000	10,000



				10,000	10,000
Current assets
	Stocks		5	-	7,236
	Debtors		6	7,750	8,506

	Cash at bank and in hand			3,979	50,315
				11,729	66,057
Creditors: Amount falling due within one year			7	(79,853)	(84,416)
Net current liabilities				(68,124)	(18,359)
Total assets less current liabilities				(58,124)	(8,359)




Net liabilities				(58,124)	(8,359)

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		8	(58,224)	(8,459)

Total equity				(58,124)	(8,359)



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 30 September 2022 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 15 September 2023
And signed on its behalf by:
C.S. Canijo
Director
15 September 2023

for the year ended 30 September 2022

General information

SINGH'S CORNER UK LTD is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 11557908

Its registered office is:

248 HANWORTH ROAD

MISSLESEX

HOUNSLOW

TW3 3TY

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Intangible fixed assets

Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3	Employees
			2022	2021
			Number	Number
		The average monthly number of employees (including directors) during the year was:	3	3

4	Intangible fixed assets
			Other	Total
			£	£
		Cost
		At 1 October 2021	10,000	10,000


		At 30 September 2022	10,000	10,000
		Amortisation and impairment





		Net book values
		At 30 September 2022	10,000	10,000
		At 30 September 2021	10,000	10,000

5	Stocks
			2022	2021
			£	£


		Finished goods	-	7,236
			-	7,236

6	Debtors
			2022	2021
			£	£
		Trade debtors	-	756





		Other debtors	7,750	7,750

			7,750	8,506

7	Creditors:
		amounts falling due within one year
			2022	2021
			£	£

		Bank loans and overdrafts	45,910	48,794


		Trade creditors	-	561



		Other creditors	30,360	31,478
		Accruals and deferred income	3,583	3,583
			79,853	84,416

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.