Fine Dining EIS Limited
Registered number: 07945353
Balance Sheet
as at 28 February 2022
Notes 2022 2021
£ £
Fixed assets
Intangible assets 3 493,750 531,250
Tangible assets 4 18,447 20,951
512,197 552,201
Current assets
Stocks 2,500 1,475
Debtors 5 62,459 52,816
Cash at bank and in hand 42,301 45,579
107,260 99,870
Creditors: amounts falling due within one year 6 (64,918) (107,768)
Net current assets/(liabilities) 42,342 (7,898)
Total assets less current liabilities 554,539 544,303
Creditors: amounts falling due after more than one year 7 (554,304) (557,000)
Net assets/(liabilities) 235 (12,697)
Capital and reserves
Called up share capital 100 100
Profit and loss account 135 (12,797)
Shareholders' funds 235 (12,697)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Christou
Director
Approved by the board on 26 August 2022
Fine Dining EIS Limited
Notes to the Accounts
for the year ended 28 February 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 9 9
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2021 750,000
At 28 February 2022 750,000
Amortisation
At 1 March 2021 218,750
Provided during the year 37,500
At 28 February 2022 256,250
Net book value
At 28 February 2022 493,750
At 28 February 2021 531,250
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2021 56,786
Additions 2,108
At 28 February 2022 58,894
Depreciation
At 1 March 2021 35,835
Charge for the year 4,612
At 28 February 2022 40,447
Net book value
At 28 February 2022 18,447
At 28 February 2021 20,951
5 Debtors 2022 2021
£ £
Trade debtors 39,945 34,868
Other debtors 22,514 17,948
62,459 52,816
Amounts due after more than one year included above 15,650 15,650
6 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts 10,648 61,805
Trade creditors 38,788 25,199
Other taxes and social security costs 13,209 15,214
Other creditors 2,273 5,550
64,918 107,768
7 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 32,304 50,000
Associated company loans 147,000 132,000
Directors loan 375,000 375,000
554,304 557,000
8 Loans 2022 2021
£ £
Creditors include:
Secured bank loans - 61,805
9 Other financial commitments 2022 2021
£ £
Total future minimum payments under non-cancellable operating leases 76,565 76,565
10 Transactions with directors
As at 28 February 2022 the directors had loaned the company £375,000 (2021 - £375,000) and this is due for repayment in more than one year. No interest is payable on this loan.

Further loans were made by the directors associated companies, totalling £147,000 (2021 - £132,000) and this is shown as a loan due after more than one year. No interest is payable on this loan.
11 Controlling party
There is no ultimate controlling party. The company is owed 50% each by the directors G Christou and R Koppa.
12 Other information
Fine Dining EIS Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Old Court Mews
311 Chase Road
London
N14 6JS
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