190 Caterers Limited - Accounts to registrar (filleted) - small 23.2.5

190 Caterers Limited - Accounts to registrar (filleted) - small 23.2.5

190 CATERERS LIMITED - Company Information

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REGISTERED NUMBER: 00654636 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2023

for

190 CATERERS LIMITED
190 CATERERS LIMITED (REGISTERED NUMBER: 00654636)






Contents of the Financial Statements
for the year ended 30 SEPTEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


190 CATERERS LIMITED

Company Information
for the year ended 30 SEPTEMBER 2023







DIRECTORS: P. Karamani
J. Karamani
D. Karamani





SECRETARY: J. Karamani





REGISTERED OFFICE: Global House
303 Ballards Lane
London
N12 8NP





REGISTERED NUMBER: 00654636 (England and Wales)





ACCOUNTANTS: K J Pittalis and Partners LLP
Chartered Certified Accountants
Global House
303 Ballards Lane
London
N12 8NP
Page 1
190 CATERERS LIMITED (REGISTERED NUMBER: 00654636)

Statement of Financial Position
30 SEPTEMBER 2023

30/9/23 30/9/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 3,700,000 3,700,000
3,700,000 3,700,000

CURRENT ASSETS
Debtors 6 11,863 11,794
Cash at bank 178,382 207,427
190,245 219,221
CREDITORS
Amounts falling due within one year 7 159,160 205,631
NET CURRENT ASSETS 31,085 13,590
TOTAL ASSETS LESS CURRENT
LIABILITIES
3,731,085
3,713,590

PROVISIONS FOR LIABILITIES 8 664,875 526,900
NET ASSETS 3,066,210 3,186,690

CAPITAL AND RESERVES
Called up share capital 300 300
Other reserves 1,994,625 2,132,600
Retained earnings 1,071,285 1,053,790
SHAREHOLDERS' FUNDS 3,066,210 3,186,690

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

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.

The notes form part of these financial statements

Page 2 continued...
190 CATERERS LIMITED (REGISTERED NUMBER: 00654636)

Statement of Financial Position - continued
30 SEPTEMBER 2023


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 Board of Directors and authorised for issue on 13 December 2023 and were signed on its behalf by:





J. Karamani - Director


The notes form part of these financial statements

Page 3
190 CATERERS LIMITED (REGISTERED NUMBER: 00654636)

Notes to the Financial Statements
for the year ended 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

190 Caterers 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover comprises revenue recognised by the company in respect of rents received and services supplied during the year. Rents are recognised up to the year end date.

The total turnover of the company for the year has been derived from its principal activity wholly undertaken within the UK.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2022
and 30 September 2023 3,309
DEPRECIATION
At 1 October 2022
and 30 September 2023 3,309
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

The depreciation balance was written off as it relates to assets no longer held by the company.

Page 4 continued...
190 CATERERS LIMITED (REGISTERED NUMBER: 00654636)

Notes to the Financial Statements - continued
for the year ended 30 SEPTEMBER 2023

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 October 2022
and 30 September 2023 3,700,000
NET BOOK VALUE
At 30 September 2023 3,700,000
At 30 September 2022 3,700,000

Cost or valuation at 30 September 2023 is represented by:
£   
Valuation in 2016 2,159,500
Valuation in 2018 500,000
Cost 1,040,500
3,700,000

The fair value of the properties at September 2023 has been arrived at on the basis of a valuation carried out at that date by the directors of the company who are not professionally qualified valuers. The directors believe the values shown in the accounts reflect the market value at at the reporting date. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in the location and takes into account the yield from rentals in the area where the property is situated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/23 30/9/22
£    £   
Other debtors 11,863 11,794

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/23 30/9/22
£    £   
Trade creditors - 77,500
Taxation and social security 58,792 31,702
Other creditors 100,368 96,429
159,160 205,631

8. PROVISIONS FOR LIABILITIES
30/9/23 30/9/22
£    £   
Deferred tax 664,875 526,900

Deferred
tax
£   
Balance at 1 October 2022 526,900
Provided during year 137,975
Balance at 30 September 2023 664,875

Page 5 continued...
190 CATERERS LIMITED (REGISTERED NUMBER: 00654636)

Notes to the Financial Statements - continued
for the year ended 30 SEPTEMBER 2023

8. PROVISIONS FOR LIABILITIES - continued

The deferred tax provision as shown above relates to the potential future tax due should the investment properties held by the company be sold. The provision has been calculated based on the difference between the historic cost of the properties and the market value of those properties as at the Balance Sheet date at the future applicable corporation tax rates. The increase in the provision for the year reflects the change in corporation tax rates from 19% to 25%, as required by FRS 102 S1A.

Page 6