Potter & Reid Ltd 13219323 false 2025-03-01 2026-02-28 2026-02-28 The principal activity of the company is the operation of a cafe and licenced restaurant. Digita Accounts Production Advanced 6.30.9574.0 true true 13219323 2025-03-01 2026-02-28 13219323 2026-02-28 13219323 core:CurrentFinancialInstruments 2026-02-28 13219323 core:CurrentFinancialInstruments core:WithinOneYear 2026-02-28 13219323 core:Non-currentFinancialInstruments core:AfterOneYear 2026-02-28 13219323 core:FurnitureFittingsToolsEquipment 2026-02-28 13219323 core:LandBuildings 2026-02-28 13219323 core:OtherPropertyPlantEquipment 2026-02-28 13219323 bus:SmallEntities 2025-03-01 2026-02-28 13219323 bus:AuditExemptWithAccountantsReport 2025-03-01 2026-02-28 13219323 bus:FilletedAccounts 2025-03-01 2026-02-28 13219323 bus:SmallCompaniesRegimeForAccounts 2025-03-01 2026-02-28 13219323 bus:RegisteredOffice 2025-03-01 2026-02-28 13219323 bus:Director1 2025-03-01 2026-02-28 13219323 bus:Director2 2025-03-01 2026-02-28 13219323 bus:PrivateLimitedCompanyLtd 2025-03-01 2026-02-28 13219323 bus:Agent1 2025-03-01 2026-02-28 13219323 core:FurnitureFittings 2025-03-01 2026-02-28 13219323 core:FurnitureFittingsToolsEquipment 2025-03-01 2026-02-28 13219323 core:LandBuildings 2025-03-01 2026-02-28 13219323 core:OtherPropertyPlantEquipment 2025-03-01 2026-02-28 13219323 core:PlantMachinery 2025-03-01 2026-02-28 13219323 core:OtherRelatedParties 2025-03-01 2026-02-28 13219323 countries:England 2025-03-01 2026-02-28 13219323 2025-02-28 13219323 core:FurnitureFittingsToolsEquipment 2025-02-28 13219323 core:LandBuildings 2025-02-28 13219323 core:OtherPropertyPlantEquipment 2025-02-28 13219323 2024-03-01 2025-02-28 13219323 2025-02-28 13219323 core:CurrentFinancialInstruments 2025-02-28 13219323 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 13219323 core:Non-currentFinancialInstruments core:AfterOneYear 2025-02-28 13219323 core:FurnitureFittingsToolsEquipment 2025-02-28 13219323 core:LandBuildings 2025-02-28 13219323 core:OtherPropertyPlantEquipment 2025-02-28 iso4217:GBP xbrli:pure

Registration number: 13219323

Potter & Reid Ltd
Unaudited Filleted Financial Statements
for the Year Ended 28 February 2026

Potter & Reid Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 8

Potter & Reid Ltd

Company Information

Directors | Ms Agnes Marie Potter Ms Danielle Louise Reid

Registered office | 20-22 Toynbee Street London United Kingdom E1 7NE

Accountants | Carbon Accountancy Limited Chartered Accountants80-83 Long Lane London EC1A 9ET

Potter & Reid Ltd

(Registration number: 13219323)
Balance Sheet as at 28 February 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 7,645 | 18,684
Current assets |  |  |
Stocks | 5 | 875 | 2,300
Debtors | 6 | 19,000 | 19,502
Cash at bank and in hand |  | 12,470 | 21,175
|  | 32,345 | 42,977
Creditors: Amounts falling due within one year | 7 | (145,193) | (147,398)
Net current liabilities |  | (112,848) | (104,421)
Total assets less current liabilities |  | (105,203) | (85,737)
Creditors: Amounts falling due after more than one year | 7 | (22,500) | (35,000)
Provisions for liabilities |  | - | (1,907)
Net liabilities |  | (127,703) | (122,644)
Capital and reserves |  |  |
Called up share capital | 8 | 2 | 2
Retained earnings |  | (127,705) | (122,646)
Shareholders' deficit |  | (127,703) | (122,644)

For the financial year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | 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 provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Potter & Reid Ltd

(Registration number: 13219323)
Balance Sheet as at 28 February 2026 (continued)

Approved and authorised by the Board on 6 July 2026 and signed on its behalf by:

........................................ Ms Agnes Marie Potter Director

Potter & Reid Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
20-22 Toynbee Street
London
E1 7NE
United Kingdom

These financial statements were authorised for issue by the Board on 6 July 2026.

2 | 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 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

There was a net deficiency of assets amounting to £127,703 (2025: £122,644), this deficit included loans from the directors totalling £99,450. Based on the director's assessment of future performance and continued support from the shareholders the directors have prepared the accounts on a going basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Potter & Reid Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026 (continued)

2 | Accounting policies (continued)

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Leashold property | Over 5 Years
Plant and machinery | 25% straight line
Fixture and fitings | 25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Potter & Reid Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026 (continued)

2 | Accounting policies (continued)

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2025 - 6).

Potter & Reid Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026 (continued)

4 | Tangible assets

| Short leasehold land and buildings £ | Furniture, fittings and equipment £ | Other tangible assets £ | Total £
Cost or valuation
At 1 March 2025 | 64,051 | 24,914 | 19,532 | 108,497
Additions | 8,112 | - | - | 8,112
At 28 February 2026 | 72,163 | 24,914 | 19,532 | 116,609
Depreciation
At 1 March 2025 | 50,085 | 23,731 | 15,997 | 89,813
Charge for the year | 14,433 | 1,183 | 3,535 | 19,151
At 28 February 2026 | 64,518 | 24,914 | 19,532 | 108,964
Carrying amount
At 28 February 2026 | 7,645 | - | - | 7,645
At 28 February 2025 | 13,966 | 1,183 | 3,535 | 18,684

Included within the net book value of land and buildings above is £7,645 (2025 - £13,966) in respect of short leasehold land and buildings.

5 | Stocks

| 2026 £ | 2025 £
Other inventories | 875 | 2,300

6 | Debtors

| 2026 £ | 2025 £
Prepayments | 2,500 | 2,500
Other debtors | 16,500 | 17,002
| 19,000 | 19,502

Potter & Reid Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026 (continued)

7 | Creditors

Creditors: amounts falling due within one year

| 2026 £ | 2025 £
Due within one year |  |
Trade creditors | 3,042 | 5,177
Taxation and social security | 21,445 | 20,363
Accruals and deferred income | 2,500 | 2,500
Other creditors | 118,206 | 119,358
| 145,193 | 147,398

Creditors: amounts falling due after more than one year

| 2026 £ | 2025 £
Due after one year |  |
Other financial liabilities | 22,500 | 35,000

Other creditors includes loan finance secured by personal guarantees from the directors.

8 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary shares of £1 each | 2 | 2 | 2 | 2

9 | Related party transactions

Included in other creditors are interest free loans of £99,450 (2025 - £99,563) provided by the directors.