Year Ended
Registration number:
River Cottage Canteen Bristol Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
River Cottage Canteen Bristol Limited
Company Information
Directors |
Mr Hugh Fearnley-Whittingstall Mr Stewart Dodd |
Registered office |
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Accountants |
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Page 1 |
River Cottage Canteen Bristol Limited
Balance Sheet
31 March 2019
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2019 |
2018 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Company Registration Number: 08088007
Page 2 |
River Cottage Canteen Bristol Limited
Notes to the Financial Statements
Year Ended 31 March 2019
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office and principal place of business is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
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 Section1A and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
The presentational currency of River Cottage Canteen Bristol Limited is considered to be pounds sterling because this is the currency of the primary economic environment in which the company operates.
Page 3 |
River Cottage Canteen Bristol Limited
Notes to the Financial Statements
Year Ended 31 March 2019
Going concern
The financial statements have been prepared on a going concern basis.
The company is dependent upon the financial performance and position of its parent company, River Cottage Stores Limited.
The principal factors considered by the directors in assessing the recoverability of its debts due from River Cottage Stores Limited and therefore in adopting the going concern basis were:
• The group has prepared a three year forecast with the expectation of returning the group to profitability.
• Additional funds of £2,372,500 have been invested into the group during the year.
• A letter of support for 2019/20 has been obtained from the major shareholder confirming his intention to provide further financial support to fulfil the group 2019/20 business plan.
Having duly considered the matters above, the directors are of the opinion that the company will continue to operate for the foreseeable future, therefore the financial statements have been prepared on the assumption that the going concern basis of preparation is appropriate.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of rental services in the ordinary course of the company’s activities. Turnover is shown net of value added tax. Rental income is recognised on a straight line basis over the term of the lease.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Financial instruments
Page 4 |
River Cottage Canteen Bristol Limited
Notes to the Financial Statements
Year Ended 31 March 2019
Classification
• Short term trade and other debtors and creditors; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Staff numbers |
There are no persons employed by the company (2018 -
Debtors |
2019 |
2018 |
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Amounts due from group undertakings |
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Prepayments |
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Creditors |
2019 |
2018 |
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Due within one year |
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Trade creditors |
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Other creditors |
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Page 5 |
River Cottage Canteen Bristol Limited
Notes to the Financial Statements
Year Ended 31 March 2019
Financial commitments, guarantees and contingencies |
Amounts not provided for in the balance sheet
The total amount of financial commitments not included in the balance sheet is £
Parent and ultimate parent undertaking |
The company's immediate parent is
Page 6 |