CJ Taverns Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08372873 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2020

for

CJ Taverns Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

C Bewick

REGISTERED OFFICE:

115 Chester Road

Sunderland

Tyne and Wear

SR4 7HG

REGISTERED NUMBER:

08372873 (England and Wales)

ACCOUNTANTS:

Michael Adamson & Co

Chartered Certified Acc'ts

115 Chester Road

Sunderland

SR4 7HG

FIXED ASSETS

Tangible assets

4

243,270

243,828

CURRENT ASSETS

Debtors

5,330

5,660

Cash at bank

31,098

13,204

36,428

18,864

CREDITORS

Amounts falling due within one year

227,684

227,557

NET CURRENT LIABILITIES

(191,256

)

(208,693

)

TOTAL ASSETS LESS CURRENT LIABILITIES

52,014

35,135

PROVISIONS FOR LIABILITIES

318

424

NET ASSETS

51,696

34,711

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

51,694

34,709

SHAREHOLDERS' FUNDS

51,696

34,711

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 January 2020 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 January 2021 and were signed by:

C Bewick - Director

1.	STATUTORY INFORMATION

CJ Taverns 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Plant and machinery etc

-

25% on reducing balance

In the opinion of the director the current valuation of the freehold land and buildings is in excess of historical cost, hence no depreciation is required.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2019

and 31 January 2020

250,333

DEPRECIATION

At 1 February 2019

6,505

Charge for year

558

At 31 January 2020

7,063

NET BOOK VALUE

At 31 January 2020

243,270

At 31 January 2019

243,828

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2020 and 31 January 2019:

31.1.20

31.1.19

£

£

C Bewick

Balance outstanding at start of year

108,026

151,082

Amounts repaid

-

(43,056

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

108,026

108,026

The directors loans are interest free and repayable on demand

6.	RELATED PARTY DISCLOSURES

Mr PD Jeffries, a shareholder in the company, is owed £111,058 (2019: £111,058), the loan is interest free and repayable on demand.

The whole of the company's rental income is derived from The New Cavalier Limited, a company wholly owned by the shareholders of this company. At the balance sheet date the company was owed £5,330 (2019: £5,660).