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REGISTERED NUMBER: 05900317 (England and Wales)















Unaudited Financial Statements for the Year Ended 6 April 2023

for

Winking Willy's Restaurant Limited

Winking Willy's Restaurant Limited (Registered number: 05900317)






Contents of the Financial Statements
for the Year Ended 6 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Winking Willy's Restaurant Limited

Company Information
for the Year Ended 6 April 2023







DIRECTORS: Mrs M E MacGregor
Mr D K MacGregor





REGISTERED OFFICE: Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX





REGISTERED NUMBER: 05900317 (England and Wales)





ACCOUNTANTS: Asquith & Co Accountants Limited
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX

Winking Willy's Restaurant Limited (Registered number: 05900317)

Balance Sheet
6 April 2023

6.4.23 6.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,050 21,076
Tangible assets 5 21,004 26,272
35,054 47,348

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 6 5,513 90,124
Cash at bank and in hand 29,319 65,231
37,832 158,355
CREDITORS
Amounts falling due within one year 7 135,209 111,916
NET CURRENT (LIABILITIES)/ASSETS (97,377 ) 46,439
TOTAL ASSETS LESS CURRENT
LIABILITIES

(62,323

)

93,787

CREDITORS
Amounts falling due after more than one
year

8

(19,518

)

(29,035

)

PROVISIONS FOR LIABILITIES (1,740 ) (1,365 )
NET (LIABILITIES)/ASSETS (83,581 ) 63,387

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (83,681 ) 63,287
SHAREHOLDERS' FUNDS (83,581 ) 63,387

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 6 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 6 April 2023 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.

Winking Willy's Restaurant Limited (Registered number: 05900317)

Balance Sheet - continued
6 April 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2023 and were signed on its behalf by:





Mr D K MacGregor - Director


Winking Willy's Restaurant Limited (Registered number: 05900317)

Notes to the Financial Statements
for the Year Ended 6 April 2023

1. STATUTORY INFORMATION

Winking Willy's Restaurant Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 he acquisition of a business in 2007, is being amortised over its estimated useful life of ten years, from the transition date to FRS 102.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost, 25% on reducing balance, 10% on cost and 4% on cost

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 Income Statement, 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.

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.

Winking Willy's Restaurant Limited (Registered number: 05900317)

Notes to the Financial Statements - continued
for the Year Ended 6 April 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Going concern
The company's liabilities exceed the company's assets at the balance sheet date. However included in the creditors is a balance owed to director and they do not intend to withdraw their support from the company. The accounts have been prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 7 April 2022
and 6 April 2023 110,400
AMORTISATION
At 7 April 2022 89,324
Charge for year 7,026
At 6 April 2023 96,350
NET BOOK VALUE
At 6 April 2023 14,050
At 6 April 2022 21,076

Winking Willy's Restaurant Limited (Registered number: 05900317)

Notes to the Financial Statements - continued
for the Year Ended 6 April 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 7 April 2022
and 6 April 2023 508,400
DEPRECIATION
At 7 April 2022 482,128
Charge for year 5,268
At 6 April 2023 487,396
NET BOOK VALUE
At 6 April 2023 21,004
At 6 April 2022 26,272

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 7 April 2022 13,150
Transfer to ownership (13,150 )
At 6 April 2023 -
DEPRECIATION
At 7 April 2022 11,395
Transfer to ownership (11,395 )
At 6 April 2023 -
NET BOOK VALUE
At 6 April 2023 -
At 6 April 2022 1,755

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
6.4.23 6.4.22
£    £   
Other debtors 5,513 90,124

Winking Willy's Restaurant Limited (Registered number: 05900317)

Notes to the Financial Statements - continued
for the Year Ended 6 April 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
6.4.23 6.4.22
£    £   
Bank loans and overdrafts 9,871 1,933
Trade creditors 35,768 16,062
Taxation and social security 34,278 39,198
Other creditors 55,292 54,723
135,209 111,916

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
6.4.23 6.4.22
£    £   
Other creditors 19,518 29,035

9. SECURED DEBTS

A debenture is held against the company's assets, the plant and machinery, all book debts and all other debtors of the company.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 6 April 2023 and 6 April 2022:

6.4.23 6.4.22
£    £   
Mr D K MacGregor and Mrs M E MacGregor
Balance outstanding at start of year 84,529 47,661
Amounts advanced - 173,781
Amounts repaid (84,529 ) (136,913 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 84,529

The above loan is unsecured, interest free and repayable on demand.

11. RELATED PARTY DISCLOSURES

During the year the company loaned monies from Gridstock Limited. The amount owing by the company at the year end date was £28,603 (2022 £25,038). The loan is repayable on demand and is interest free.

During the year the company loaned monies to Coast and County Radio FM Ltd. The amount owed by that company at the year end was £4,887 (2022 £4,887). The loan is repayable on demand and interest free.