Cin Cin (Foley St) Limited - Accounts to registrar (filleted) - small 23.2.5
Cin Cin (Foley St) Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023 |
| FOR |
| CIN CIN (FOLEY ST) LIMITED |
| CIN CIN (FOLEY ST) LIMITED (REGISTERED NUMBER: 13233863) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 28 February 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| CIN CIN (FOLEY ST) LIMITED |
| COMPANY INFORMATION |
| for the year ended 28 February 2023 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Preston Park House |
| South Road |
| Brighton |
| East Sussex |
| BN1 6SB |
| CIN CIN (FOLEY ST) LIMITED (REGISTERED NUMBER: 13233863) |
| BALANCE SHEET |
| 28 February 2023 |
| 28.2.23 | 28.2.22 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| 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 |
| CIN CIN (FOLEY ST) LIMITED (REGISTERED NUMBER: 13233863) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 28 February 2023 |
| 1. | STATUTORY INFORMATION |
| Cin Cin (Foley St) Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is represented by the sale of food and drink which is recognised at the point of sale, net of vat where applicable. |
| Deposits taken in advance for pre-booked events are shown as deferred income on the balance sheet until the date of the event, at which point the income is released to the profit and loss account. |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management. |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Short leasehold | - | 10% on cost |
| Fixtures & fittings | - | 25% reducing balance |
| Computer equipment | - | 33% on cost |
| Stocks |
| Stocks consist of of food and beverages, ambient goods including coffee, tea and preserves and perishables items. Stock is valued at the lower of cost and estimated selling price less costs, and after taking obsolete and slow-moving items into consideration. |
| Financial instruments |
| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. |
| 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. |
| CIN CIN (FOLEY ST) LIMITED (REGISTERED NUMBER: 13233863) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 28 February 2023 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension plan for its employees. A defined contribution pension plan is a pension plan under which the company pays contributions into a separate legal entity which is responsible for the pension scheme. Once the contributions have been paid, the company has no further obligations and the assets of the plan are held separately from the company in independently administered funds. |
| The contributions are recognised as an expense in the income statement when they fall due. Amounts owed but not paid are included in other creditors. |
| Impairment policy |
| At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Short | and | Computer |
| leasehold | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 March 2022 |
| Additions |
| At 28 February 2023 |
| DEPRECIATION |
| At 1 March 2022 |
| Charge for year |
| At 28 February 2023 |
| NET BOOK VALUE |
| At 28 February 2023 |
| At 28 February 2022 |
| CIN CIN (FOLEY ST) LIMITED (REGISTERED NUMBER: 13233863) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 28 February 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.2.23 | 28.2.22 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.2.23 | 28.2.22 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 28.2.23 | 28.2.22 |
| £ | £ |
| Within one year |
| Between one and five years |
| In more than five years |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 28.2.23 | 28.2.22 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 9. | RELATED PARTY DISCLOSURES |
| Cin Cin (UK) Limited |
| D Toscano is also a director of Cin Cin (UK) Ltd. |
| At the year end the company owed Cin Cin (UK) Ltd £141,402 (2021: £129,711). This loan is interest-free and payable on demand. |