The Cat & Fiddle Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 10337975 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

THE CAT & FIDDLE LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

A A Kleanthous

SECRETARY:

P Georgiou

REGISTERED OFFICE:

1 Kings Avenue

London

N21 3NA

REGISTERED NUMBER:

10337975 (England and Wales)

INDEPENDENT AUDITORS:

AGK Partners

Chartered Accountants & Statutory Auditors

1 Kings Avenue

London

N21 3NA

FIXED ASSETS

Property, plant and equipment

4

-

1,500,000

Investment property

5

1,500,000

-

1,500,000

1,500,000

CURRENT ASSETS

Debtors

6

55,763

100

Cash at bank

2,483

-

58,246

100

CREDITORS

Amounts falling due within one year

7

1,555,000

1,300,293

NET CURRENT LIABILITIES

(1,496,754

)

(1,300,193

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,246

199,807

PROVISIONS FOR LIABILITIES

195,109

148,306

NET (LIABILITIES)/ASSETS

(191,863

)

51,501

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

8

780,556

780,556

Retained earnings

(972,519

)

(729,155

)

SHAREHOLDERS' FUNDS

(191,863

)

51,501

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 director and authorised for issue on 7 May 2024 and were signed by:

A A Kleanthous - Director

1.	STATUTORY INFORMATION

The Cat & Fiddle 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.

The director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The director regards the foreseeable future as no less than twelve months following the publication of these annual financial statements. The director has considered the company's balance sheet position as at the year end, its working capital forecasts and projections, taking account of possible changes in trading performance and the current state of its operating market, and are satisfied that for the foreseeable future the company's financial position is improving and will enable the company to remain in operational existence. In addition, the director and shareholder has agreed to provide continuing financial support as and when required to enable the company to continue in operational existence. Consequently, the director considers it to be appropriate to prepare the financial statements on the going concern basis.

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future

periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Property, plant and equipment

Property, plant and equipment under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Freehold buildings - 2% on cost

Improvements to property - 25% on cost

Plant and machinery - 25% on cost

Fixtures and fittings - 25% on cost

Assets that were not in use during the year were not depreciated.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount

and are recognised in profit or loss.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to related parties.

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 3 months..

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

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors,are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3.	EMPLOYEES AND DIRECTORS

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

4.	PROPERTY, PLANT AND EQUIPMENT

Freehold

property

£

COST

At 1 July 2022

1,518,018

Reclassification/transfer

(1,518,018

)

At 30 June 2023

-

DEPRECIATION

At 1 July 2022

18,018

Reclassification/transfer

(18,018

)

At 30 June 2023

-

NET BOOK VALUE

At 30 June 2023

-

At 30 June 2022

1,500,000

Included in cost of land and buildings is freehold land of £ 1,130,557 (2022 - £ 1,130,557 ) which is not depreciated.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Reclassification/transfer

1,518,018

At 30 June 2023

1,518,018

DEPRECIATION

Reclassification/transfer

18,018

At 30 June 2023

18,018

NET BOOK VALUE

At 30 June 2023

1,500,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other debtors

55,763

100

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

-

2

Amounts owed to group undertakings

1,500,000

1,300,000

Taxation and social security

-

291

Other creditors

55,000

-

1,555,000

1,300,293

8.

RESERVES

Revaluation

reserve

£

At 1 July 2022

and 30 June 2023

780,556

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Alekos Andreas Christofi (Senior Statutory Auditor)

for and on behalf of AGK Partners

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Amounts owed to group or related undertakings are non-interest bearing and repayable on demand.

11.	ULTIMATE CONTROLLING PARTY