The Stag Hampstead Limited Filleted accounts for Companies House (small and micro)

THE STAG HAMPSTEAD LTD - Company Information

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COMPANY REGISTRATION NUMBER: 07304991

The Stag Hampstead Limited

Filleted Unaudited Abridged Financial Statements

31 July 2023

The Stag Hampstead Limited

Abridged Statement of Financial Position

31 July 2023

	31 Jul 23		31 Jan 23
Note	£	£	£

Current assets

Stocks	33,826	31,337
Debtors	393,684	363,238
Cash at bank and in hand	47,361	40,345
	---------	---------
	474,871	434,920

Creditors: amounts falling due within one year	608,391		511,704
	---------		---------
Net current liabilities		133,520	76,784
		---------	--------
Total assets less current liabilities		( 133,520)	( 76,784)

Creditors: amounts falling due after more than one year	51,589	59,335
	---------	---------
Net liabilities	( 185,109)	( 136,119)
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 185,209)	( 136,219)
	---------	---------
Shareholders deficit	( 185,109)	( 136,119)
	---------	---------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

All of the members have consented to the preparation of the abridged statement of financial position for the period ending 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

The Stag Hampstead Limited

Abridged Statement of Financial Position (continued)

31 July 2023

These abridged financial statements were approved by the board of directors and authorised for issue on 1 December 2023 , and are signed on behalf of the board by:

Mr A Perritt

Director

Company registration number: 07304991

The Stag Hampstead Limited

Notes to the Abridged Financial Statements

Period from 1 February 2023 to 31 July 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 71 Palace Gardens Terrace, London, W8 4RU.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company accounts have been prepared on a going concern basis assuming continued support from the company's directors.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

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. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 23 (2023: 23 ).

5. Related party transactions

The company was controlled by Perritt and Perritt Ltd throughout the current and previous year. At 31st July 2023 £816 (2023 £5,868) was due to Perritt and Perritt Ltd,a company 50%controlled by Mr A Perritt and Mr J Perritt. At 31st July 2023 £41,949 (2023 £72,881) was due to The Mall Tavern Notting Hill Ltd, a company controlled by Perritt and Perritt Ltd. At 31st July 2023 £161 (2023 £2) was due to Beer and Burger KX Ltd, £2,454(2023: £2,520) was due from Beer and Burger Dalston Ltd,£289,580 (2021: £290,580) was due from Beer and Burger Willesden Ltd, companies controlled by Mr A Perritt and Mr J Perritt.

6. Controlling party

The company is a wholly owned subsidiary of Perritt & Perritt Ltd due to their 100% shareholding.