Let It Bar Limited

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let it bar limited Company Information

Dissolved

Company Number

09636057

Next Accounts

Jan 2025

Industry

Public houses and bars

Directors

Barbara Tomeucci

Massimo Della Bruna

Shareholders

barbara tomeucci

pietro cuomo

Group Structure

View All

Contact

Registered Address

5th floor, north side, 7/10, chandos street, london, W1G 9DQ

Website

let it bar limited Estimated Valuation

£16.8k

Pomanda estimates the enterprise value of LET IT BAR LIMITED at £16.8k based on a Turnover of £28.8k and 0.58x industry multiple (adjusted for size and gross margin).

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Let It Bar Limited is a dissolved company that was located in london, W1G 9DQ with a Companies House number of 09636057. It operated in the public houses and bars sector, SIC Code 56302. Founded in June 2015, it's largest shareholder was barbara tomeucci with a 90% stake. The last turnover for Let It Bar Limited was estimated at £28.8k.

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Pomanda's financial health check has awarded Let It Bar Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

1 Regular

8 Weak

Size

annual sales of £28.8k, make it smaller than the average company (£528.8k)

Growth

There is insufficient data available for this Key Performance Indicator!

EXPORT

Let It Bar Limited's latest turnover from June 2017 is estimated at £28.8 thousand and the company has net assets of -£64.3 thousand. According to their latest financial statements, we estimate that Let It Bar Limited has 1 employee and maintains cash reserves of £242 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2017	Jun 2016
Turnover	28,824	2,119
Other Income Or Grants	0	0
Cost Of Sales	15,372	1,109
Gross Profit	13,452	1,010
Admin Expenses	55,108	23,628
Operating Profit	-41,656	-22,618
Interest Payable	0	0
Interest Receivable	0	0
Pre-Tax Profit	-41,656	-22,618
Tax	0	0
Profit After Tax	-41,656	-22,618
Dividends Paid	0	0
Retained Profit	-41,656	-22,618
Employee Costs	14,581	13,766
Number Of Employees	1	1
EBITDA*	-35,621	-22,618

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2017	Jun 2016
Tangible Assets	899,198	0
Intangible Assets	0	0
Investments & Other	100	0
Debtors (Due After 1 year)	0	0
Total Fixed Assets	899,298	0
Stock & work in progress	0	0
Trade Debtors	2,514	0
Group Debtors	0	0
Misc Debtors	5,692	995
Cash	242	0
misc current assets	0	0
total current assets	8,448	995
total assets	907,746	995
Bank overdraft	0	0
Bank loan	0	0
Trade Creditors	2,764	1,266
Group/Directors Accounts	0	0
other short term finances	0	0
hp & lease commitments	0	0
other current liabilities	969,256	22,347
total current liabilities	972,020	23,613
loans	0	0
hp & lease commitments	0	0
Accruals and Deferred Income	0	0
other liabilities	0	0
provisions	0	0
total long term liabilities	0	0
total liabilities	972,020	23,613
net assets	-64,274	-22,618
total shareholders funds	-64,274	-22,618

	Jun 2017	Jun 2016
Operating Activities
Operating Profit	-41,656	-22,618
Depreciation	6,035	0
Amortisation	0	0
Tax	0	0
Stock	0	0
Debtors	7,211	995
Creditors	1,498	1,266
Accruals and Deferred Income	946,909	22,347
Deferred Taxes & Provisions	0	0
Cash flow from operations	905,575	0
Investing Activities
capital expenditure	-905,233	0
Change in Investments	100	0
cash flow from investments	-905,333	0
Financing Activities
Bank loans	0	0
Group/Directors Accounts	0	0
Other Short Term Loans	0	0
Long term loans	0	0
Hire Purchase and Lease Commitments	0	0
other long term liabilities	0	0
share issue	0	0
interest	0	0
cash flow from financing	0	0
cash and cash equivalents
cash	242	0
overdraft	0	0
change in cash	242	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for let it bar limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other undefined companies, companies in W1G area or any other competitors across 12 key performance metrics.

LET IT BAR LIMITED group structure

Let It Bar Limited has no subsidiary companies.

Ultimate parent company

LET IT BAR LIMITED

09636057

LET IT BAR LIMITED Shareholders

barbara tomeucci	90%
pietro cuomo	10%

Let It Bar Limited currently has 2 directors. The longest serving directors include Ms Barbara Tomeucci (Jun 2015) and Mr Massimo Della Bruna (Mar 2016).

officer	country	age	start	end	role
Ms Barbara Tomeucci	United Kingdom	59 years	Jun 2015	-	Director
Mr Massimo Della Bruna	England	58 years	Mar 2016	-	Director

P&L

June 2017

turnover

28.8k

+1260%

operating profit

-41.7k

gross margin

46.7%

-2.11%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

June 2017

net assets

-64.3k

+1.84%

total assets

907.7k

+911.31%

cash

242

net assets

Total assets minus all liabilities

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company number

09636057

Type

Private limited with Share Capital

industry

56302 - Public houses and bars

incorporation date

June 2015

ultimate parent company

None

previous names

N/A

address

5th floor, north side, 7/10, chandos street, london, W1G 9DQ

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 2 charges/mortgages relating to let it bar limited. Currently there are 0 open charges and 2 have been satisfied in the past.

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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let it bar limited Company Information

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let it bar limited Estimated Valuation

let it bar limited Estimated Valuation

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