Company No:
Contents
DIRECTORS | J W T Bonnyman |
J G Bonnyman |
REGISTERED OFFICE | 8/9 Blacklands Terrace |
London | |
SW3 2SP | |
England | |
United Kingdom |
COMPANY NUMBER | 07403074 (England and Wales) |
CHARTERED ACCOUNTANTS | Dixon Wilson |
22 Chancery Lane | |
London | |
WC2A 1LS |
SOLICITORS | Forsters LLP |
31 Hill Street | |
London | |
W1J 5LS |
Note | 2022 | 2021 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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Investments | 4 |
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10,195,181 | 10,690,883 | |||
Current assets | ||||
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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892,928 | 841,412 | |||
Creditors | ||||
Amounts falling due within one year | 6 | (
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Net current liabilities | (11,588,696) | (11,737,827) | ||
Total assets less current liabilities | (1,393,515) | (1,046,944) | ||
Net liabilities | (
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account | (
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Total shareholders' deficit | (
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Directors' responsibilities:
The financial statements of The Five Fields Restaurant Limited (registered number:
J G Bonnyman
Director |
Called-up share capital | Profit and loss account | Total | |||
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At 01 April 2020 |
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Loss for the financial year |
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Total comprehensive loss |
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At 31 March 2021 |
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At 01 April 2021 |
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Loss for the financial year |
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Total comprehensive loss |
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At 31 March 2022 |
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The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
The company is a private company limited by share capital incorporated in England & Wales.
The address of its registered office is:
8-9 Blacklands Terrace
London
SW3 2SP
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
The principal place of business is:
8-9 Blacklands Terrace
London
SW3 2SP
The financial statements have been prepared under the historical cost convention except for investments which are recorded at fair value.
The functional currency of The Five Fields Restaurant Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
The financial statements have been prepared on a going concern basis.
The directors confirm that they will not recall their loans and will provide further financial support where necessary until at least 12 months after the date the financial statements are approved, unless alternative financing is available.
Turnover relates to income received from customers who eat and drink in the restaurant and is recognised on the day the event occurs. Turnover received in advance (deposits or gift cards) is held as a liability on the balance sheet until the customer eats or drinks in the restaurant or the gift card expires.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Plant and machinery |
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Vehicles |
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Fixtures and fittings |
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Office equipment |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Investments
Investments which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit and loss.
Dividends on equity securities are included in income when receivable. Interest receivable from listed fixed interest securities is recognised in the period to which it relates.
Government grants income relating to the Coronavirus Job Retention Scheme, Additional Restrictions Support Grant and the Restart Grant are recognised in other operating income in the period in which the relevant expense is incurred.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
2022 | 2021 | ||
Number | Number | ||
The average number of persons employed by the company during the year, was |
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Plant and machinery | Vehicles | Fixtures and fittings | Office equipment | Total | |||||
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Cost | |||||||||
At 01 April 2021 |
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Additions |
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At 31 March 2022 |
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Accumulated depreciation | |||||||||
At 01 April 2021 |
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Charge for the financial year |
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At 31 March 2022 |
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Net book value | |||||||||
At 31 March 2022 |
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At 31 March 2021 |
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Listed investments | Other investments | Total | |||
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Carrying value before impairment | |||||
At 01 April 2021 |
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Additions |
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Disposals | (
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Movement in fair value | (
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At 31 March 2022 |
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Provisions for impairment | |||||
At 01 April 2021 |
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At 31 March 2022 |
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Carrying value at 31 March 2022 |
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Carrying value at 31 March 2021 |
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The financial assets had a market value at 31 March 2022 of £10,136,917 (2021 - £10,621,838) and historic cost of £10,415,973 (2021 - £10,778,968).
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£ | £ | ||
Trade debtors |
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Other debtors |
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2022 | 2021 | ||
£ | £ | ||
Trade creditors |
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Other taxation and social security |
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Other creditors |
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J W T Bonnyman is a director and shareholder of the company. A secured loan of £8,400,000 was provided to the company in the year ended 31 March 2015. The loan is interest free and repayable on demand. There were no expenses paid on behalf of J W T Bonnyman during the year (2021 - £360). During the year a balance of £257,000 (2021 - £nil) was repaid to J W T Bonnyman. At the balance sheet date the amount due to J W T Bonnyman was £9,623,867 (2021 - £9,880,867).
J G Bonnyman is a director of the company. An unsecured loan of £2,620,000 was provided to the company in the year ended 31 March 2019. The loan is interest free and repayable on demand. There were no expenses paid on behalf of J G Bonnyman during the year (2021 - £nil). At the balance sheet date the amount due to J G Bonnyman was £2,646,286 (2021 - £2,646,286).