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REGISTERED NUMBER: 04506801 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2022

for

Manana Restaurant Limited

Manana Restaurant Limited (Registered number: 04506801)






Contents of the Financial Statements
for the Year Ended 31 January 2022




Page

Balance Sheet 1

Notes to the Financial Statements 3


Manana Restaurant Limited (Registered number: 04506801)

Balance Sheet
31 January 2022

31.1.22 31.1.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 93,024 99,087
93,024 99,087

CURRENT ASSETS
Stocks 4,409 2,515
Debtors 6 10,593 18,193
Cash at bank 52,966 36,406
67,968 57,114
CREDITORS
Amounts falling due within one year 7 74,048 70,098
NET CURRENT LIABILITIES (6,080 ) (12,984 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,944

86,103

CREDITORS
Amounts falling due after more than one
year

8

(45,248

)

(50,680

)

PROVISIONS FOR LIABILITIES 9 (4,228 ) (3,673 )
NET ASSETS 37,468 31,750

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 37,318 31,600
SHAREHOLDERS' FUNDS 37,468 31,750

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Manana Restaurant Limited (Registered number: 04506801)

Balance Sheet - continued
31 January 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2022 and were signed on its behalf by:




L K Hookes - Director



C T Hookes - Director


Manana Restaurant Limited (Registered number: 04506801)

Notes to the Financial Statements
for the Year Ended 31 January 2022

1. STATUTORY INFORMATION

Manana Restaurant Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04506801

Registered office: 1 Thomas Buildings
New Street
Pwllheli
Gwynedd
LL53 5HH

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Straight line over 21 years
Plant and machinery etc - 25% on reducing balance and Straight line over 21 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Manana Restaurant Limited (Registered number: 04506801)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2021 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 February 2021
and 31 January 2022 32,500 770 33,270
AMORTISATION
At 1 February 2021
and 31 January 2022 32,500 770 33,270
NET BOOK VALUE
At 31 January 2022 - - -
At 31 January 2021 - - -

Manana Restaurant Limited (Registered number: 04506801)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2021 147,455 96,765 244,220
Additions - 10,337 10,337
At 31 January 2022 147,455 107,102 254,557
DEPRECIATION
At 1 February 2021 90,191 54,942 145,133
Charge for year 7,021 9,379 16,400
At 31 January 2022 97,212 64,321 161,533
NET BOOK VALUE
At 31 January 2022 50,243 42,781 93,024
At 31 January 2021 57,264 41,823 99,087

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Other debtors 10,593 18,193

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Bank loans and overdrafts 5,556 6,667
Hire purchase contracts 3,100 3,100
Trade creditors 10,135 7,247
Taxation and social security 21,800 16,319
Other creditors 33,457 36,765
74,048 70,098

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.22 31.1.21
£    £   
Bank loans 41,114 43,333
Hire purchase contracts 4,134 7,347
45,248 50,680

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 18,891 3,333

Manana Restaurant Limited (Registered number: 04506801)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

9. PROVISIONS FOR LIABILITIES
31.1.22 31.1.21
£    £   
Deferred tax 4,228 3,673

Deferred
tax
£   
Balance at 1 February 2021 3,673
Charge to Statement of Income and Retained Earnings during year 555
Balance at 31 January 2022 4,228

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2022 and 31 January 2021:

31.1.22 31.1.21
£    £   
Mrs R A Hookes
Balance outstanding at start of year (3,103 ) (3,761 )
Amounts advanced 5,910 2,735
Amounts repaid (5,500 ) (2,077 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,693 ) (3,103 )

L K Hookes
Balance outstanding at start of year 3,399 2,067
Amounts advanced 510 1,562
Amounts repaid (6,041 ) (230 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,132 ) 3,399

C T Hookes
Balance outstanding at start of year (3,071 ) (3,133 )
Amounts advanced 7,410 2,991
Amounts repaid (7,097 ) (2,929 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,758 ) (3,071 )

The loans were interest free and repayable on demand.