BUSINESS SUMMARY @pipiatmiddleton
Indoor and outdoor seating up to 66 people
Currently trading 5 days per week –
Thursday to Monday
La Marzocco coffee machine
Commercial fridges, cooktop, hot plate, oven and separate grill
Liquor license for 66 people - includes standing and live music
Counter and display fridge
Store room with chest freezer
Split system air conditioner
Wheelchair accessible toilet
Café
Tourist Accommodation:
2 x tourist accommodation units
Deck at front
King bed
Split system air conditioner
Toilet, vanity and shower
Kitchen bench and sink
Outdoor shower
Studio:
Kitchen
2 bedrooms
Split system air conditioner
Toilet
Outdoor shower & bath
Second cubby house
Main House:
3 Bedroom
1 Bathroom
Kitchen / Meals area
Living room with slow combustion heater
Main bedroom with split system air conditioner and bi-fold doors to outdoor area
Cubby house
Outdoor pizza oven
Additional Features:
Shipping container as storage
2,070sqm
2 titles
Profit and Loss
BJ & SL Monfries Family Trust T/A Pipi at Middleton
For the year ended 30 June 2023
Account Income Expenses Other Income Cost of Goods Sold 2023 2022 2021 Sales Opening stock Purchases Closing stock CashFlow Boost JobKeeper Subsidy Other Revenue Paid Parental Leave Income State Government Grant Accounting Fees Bank Fees Bookkeeping Cafe and Kitchen Supplies Cleaning Consulting Fees Depreciation Entertainment Equipment Rental Expenses Filing Fees Freight & Courier Gifts & Donations Hire Hospitality Sundry Costs Insurance Interest Expense Licenses, Fees & Permits Light, Power, Heating Motor Vehicle Expenses Printing, Postage & Stationery Rates and Taxes Repairs and Maintenance Staff Amenities & Training Subcontractors Subscriptions Superannuation Telephone & Internet Uniforms & Protective Clothing Wages and Salaries Workcover Expense 419,870 72 0.00 0 00 0.00 0.00 0 00 3,000 00 0.00 4,326 00 2,409.60 2,695 22 0 00 3,303.52 1,884 51 2,970.24 302 64 40.00 0.00 930 00 0.00 6,490 30 111.19 13.65 6,665 96 3,359.11 444 54 2,831.20 10,788 56 0 00 0.00 721 82 24,422.61 902 68 0.00 190,549.50 3,704 75 5,176 00 173,832.28 (5,176 00) 0.00 0 00 0.05 0.00 21,000 00 494,813 69 3,400 00 3,280.33 4,183 68 3,457.94 951 17 360 46 3,592.41 1,153 35 3,090.70 276 00 0.00 100.00 1,917 50 0.00 6,172 51 0.00 520.00 5,364 27 2,707.66 373 39 3,550.13 4,986 64 4,250 00 450.00 762 96 18,961.51 899 43 0.00 203,545.36 3,546 90 4,128 35 198,315.11 (5,176 00) 535,147 53 10,000.00 67,500 00 0.00 1,558.34 0 00 2,950 00 5,984.96 4,189 80 3,041.02 822 39 381 82 3,027.63 2,711 18 10,334.94 273 00 200.00 0.00 0 00 113.64 5,988 28 0.00 511.00 12,033 55 4,164.05 1,660 24 4,809.48 6,061 06 58 82 0.00 37 00 18,254.46 2,246 15 109.09 223,254.43 3,546 85 3,472 00 204,418.25 (4,128 35) Total Income Total Other Income Total Income Total Cost of Goods Sold Total Expenses Profit (Loss) Before Distribution 173,832 28 419,870.72 0 00 246,038.44 272,867.60 (26,829.16) 197,267 46 281,854.30 36,691.98 494,813.69 21,000 05 318,546.28 203,761 90 316,764.84 93,679.13 535,147.53 79,058 34 410,443.97 Note 1
1. Rates and taxes include a minor percentage for personal property overhead expenses. 2. Staff training related to a one-off expense re personal leadership coaching
This statement should be read in conjunction with the attached compilation report
CashFlow Boost JobKeeper Subsidy State Government Grant Depreciation Entertainment Gifts & Donations Interest Expense Motor Vehicle Expenses Staff Amenities & Training 0 00 0.00 0 00 3,303.52 1,884 51 0.00 111 19 3,359 11 0.00 0 00 0.00 (21,000 00) 3,592.41 1,153 35 100.00 0 00 2,707 66 4,250.00 (10,000 00) (67,500.00) 0 00 3,027.63 2,711 18 0.00 0 00 4,164 05 0.00
Note 2 Total Addbacks Adjusted Profit 8,658.33 (18,170.83) (9,196.58) 27,495.40 (67,597.14) 26,081.99 Addbacks:
Compilation Report
BJ & SL Monfries Family Trust T/A Pipi at Middleton
For the year ended 30 June 2023
Compilation report to BJ & SL Monfries Family Trust T/A Pipi at Middleton
We have compiled the comparative profit and loss statement of BJ & SL Monfries Family Trust T/A Pipi at Middleton for the financial years 2021 to 2023 inclusive.
The Responsibility of the Directors
The directors of BJ & SL Monfries Family Trust T/A Pipi at Middleton are solely responsible for the information contained in the comparative profit and loss statement, the reliability, accuracy and completeness of the information and for the determination that the basis of accounting used is appropriate to meet their needs and for the purpose that the comparative profit and loss statement was prepared
Our Responsibility
On the basis of information provided by the directors we have compiled the comparative profit and loss statement in accordance with the basis of accounting as described in APES 315 Compilation of Financial Information
We have complied with the relevant ethical requirements of APES 110 Code of Ethics for Professional Accountants
Assurance Disclaimer
Since a compilation engagement is not an assurance engagement, we are not required to verify the reliability, accuracy or completeness of the information provided to us by management to compile this statement Accordingly, we do not express an audit opinion or a review conclusion on this statement.
The comparative profit and loss statement was compiled exclusively for the benefit of the directors who are responsible for the reliability, accuracy and completeness of the information used to compile them We do not accept responsibility for the contents of the comparative profit and loss statement
Tony Taormina Director Accounting, Tax & Business Advice Caveo Partners Accounting Pty Ltd
Level 1
11 Halifax Street ADELAIDE SA 5000
Dated: 5 September 2023
