190 Caterers Limited - Accounts to registrar (filleted) - small 18.2

190 Caterers Limited - Accounts to registrar (filleted) - small 18.2

190 CATERERS LIMITED - Company Information

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REGISTERED NUMBER: 00654636 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2020

for

190 Caterers Limited
190 Caterers Limited (Registered number: 00654636)






Contents of the Financial Statements
for the year ended 30 September 2020




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 2020







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: Pittalis Gilchrist 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 2020

30.9.20 30.9.19
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 10,761 43,019
Cash at bank 87,036 112,516
97,797 155,535
CREDITORS
Amounts falling due within one year 7 145,221 155,058
NET CURRENT (LIABILITIES)/ASSETS (47,424 ) 477
TOTAL ASSETS LESS CURRENT
LIABILITIES
3,652,576
3,700,477

PROVISIONS FOR LIABILITIES 8 526,900 526,900
NET ASSETS 3,125,676 3,173,577

CAPITAL AND RESERVES
Called up share capital 300 300
Other reserves 2,132,600 2,132,600
Retained earnings 992,776 1,040,677
SHAREHOLDERS' FUNDS 3,125,676 3,173,577

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 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 2020


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 28 June 2021 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 2020

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.

Government grants
Government grants are accounted for under the accrual model. The accrual model requires a grant to be classified as either a ‘revenue-based’ grant or a ‘capital-based’ grant. As a result of Covid-19 grants received from the Government have been treated as revenue-based, the grants are recognised immediately in profit or loss.

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.

Despite the uncertainty caused by Covid-19, the directors believe the values shown in the accounts to reflect the market value.

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 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.

Page 4 continued...
190 Caterers Limited (Registered number: 00654636)

Notes to the Financial Statements - continued
for the year ended 30 September 2020

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2019 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2019
and 30 September 2020 3,309
DEPRECIATION
At 1 October 2019
and 30 September 2020 3,309
NET BOOK VALUE
At 30 September 2020 -
At 30 September 2019 -

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

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 October 2019
and 30 September 2020 3,700,000
NET BOOK VALUE
At 30 September 2020 3,700,000
At 30 September 2019 3,700,000

Cost or valuation at 30 September 2020 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 2020 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.Despite the uncertainty caused by Covid-19, the directors believe the values shown in the accounts to reflect the market value. 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
30.9.20 30.9.19
£    £   
Other debtors 10,761 43,019

Page 5 continued...
190 Caterers Limited (Registered number: 00654636)

Notes to the Financial Statements - continued
for the year ended 30 September 2020

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.20 30.9.19
£    £   
Trade creditors 77,500 77,500
Taxation and social security 19,669 19,048
Other creditors 48,052 58,510
145,221 155,058

8. PROVISIONS FOR LIABILITIES
30.9.20 30.9.19
£    £   
Deferred tax 526,900 526,900

Deferred
tax
£   
Balance at 1 October 2019 526,900
Balance at 30 September 2020 526,900

9. POST BALANCE SHEET EVENTS

As a result of the Covid-19 pandemic, the directors have decided to grant a 50% reduction in commercial rent, due to the tenant being unable to trade as a result of lockdown restrictions. The directors expect to collect the full rents once lockdown restrictions are eased and when business starts to pick up again.

Page 6