Rondale Caribbean Cuisine Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 12734651 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

RONDALE CARIBBEAN CUISINE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTORS:

R E Golding

D I Simon

REGISTERED OFFICE:

122 Hurstbourne Avenue

Barking

Essex

IG11 9UT

REGISTERED NUMBER:

12734651 (England and Wales)

ACCOUNTANTS:

Dataday Accountability

Accountants & Business Consultants

2 Seabraes Lane

Dundee

Angus

DD1 4AB

FIXED ASSETS

Tangible assets

4

7,873

15,629

CURRENT ASSETS

Cash at bank

1,556

299

CREDITORS

Amounts falling due within one year

5

(5,334

)

(4,829

)

NET CURRENT LIABILITIES

(3,778

)

(4,530

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,095

11,099

CREDITORS

Amounts falling due after more than one year

6

(34,610

)

(33,361

)

NET LIABILITIES

(30,515

)

(22,262

)

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

8

(30,516

)

(22,263

)

SHAREHOLDERS' FUNDS

(30,515

)

(22,262

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 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 29 April 2024 and were signed on its behalf by:

D I Simon - Director

1.	STATUTORY INFORMATION

Rondale Caribbean Cuisine 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Going concern

The balance sheet at the end of the year recorded net liabilities totalling £30,515.

The company meets its day to day working capital requirements through funding from the principal shareholders. Assurances have been received from the shareholders that they will continue to provide financial support for at least 12 months from the date of signing the accounts. Additionally, the shareholders' loan accounts totalling £18,307 have been subordinated in favour of third party creditors.

Subject to the continuing availability of funding from the principal shareholder, the director considers it appropriate to prepare the financial statements on the going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 August 2022

and 31 July 2023

575

30,566

31,141

DEPRECIATION

At 1 August 2022

229

15,283

15,512

Charge for year

115

7,641

7,756

At 31 July 2023

344

22,924

23,268

NET BOOK VALUE

At 31 July 2023

231

7,642

7,873

At 31 July 2022

346

15,283

15,629

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 August 2022

and 31 July 2023

30,566

DEPRECIATION

At 1 August 2022

15,283

Charge for year

7,641

At 31 July 2023

22,924

NET BOOK VALUE

At 31 July 2023

7,642

At 31 July 2022

15,283

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/7/23

31/7/22

£

£

Hire purchase contracts

4,409

4,050

Accrued expenses

925

779

5,334

4,829

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/7/23

31/7/22

£

£

Hire purchase contracts

16,303

20,713

Directors' accounts

18,307

12,648

34,610

33,361

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/7/23

31/7/22

value:

£

£

1

Ordinary Shares

£1.00

1

1

8.

RESERVES

Retained

earnings

£

At 1 August 2022

(22,263

)

Deficit for the year

(8,253

)

At 31 July 2023

(30,516

)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2023 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

There was a net deficiency of assets of £30,515 at the balance sheet date. However, the directors have confirmed continued financial support for the company and consider the company retains sufficient working capital to continue trading for the foreseeable future.

Dataday Accountability

Accountants & Business Consultants

2 Seabraes Lane

Dundee

Angus

DD1 4AB

29 April 2024