Fine Dining EIS Limited
Registered number: 07945353
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 456,250 493,750
Tangible assets 4 17,752 18,447
474,002 512,197
Current assets
Stocks 2,500 2,500
Debtors 5 63,205 62,459
Cash at bank and in hand 61,237 42,301
126,942 107,260
Creditors: amounts falling due within one year 6 (180,516) (64,918)
Net current (liabilities)/assets (53,574) 42,342
Total assets less current liabilities 420,428 554,539
Creditors: amounts falling due after more than one year 7 (397,376) (554,304)
Net assets 23,052 235
Capital and reserves
Called up share capital 100 100
Profit and loss account 22,952 135
Shareholders' funds 23,052 235
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 3 November 2023
Fine Dining EIS Limited
Notes to the Accounts
for the year ended 28 February 2023
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 2023 2022
Number Number
Average number of persons employed by the company 9 9
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2022 750,000
At 28 February 2023 750,000
Amortisation
At 1 March 2022 256,250
Provided during the year 37,500
At 28 February 2023 293,750
Net book value
At 28 February 2023 456,250
At 28 February 2022 493,750
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 2022 58,894
Additions 4,488
At 28 February 2023 63,382
Depreciation
At 1 March 2022 40,447
Charge for the year 5,183
At 28 February 2023 45,630
Net book value
At 28 February 2023 17,752
At 28 February 2022 18,447
5 Debtors 2023 2022
£ £
Trade debtors 29,943 39,945
Other debtors 33,262 22,514
63,205 62,459
Amounts due after more than one year included above 15,650 15,650
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,648 10,648
Trade creditors 71,769 38,788
Other taxes and social security costs 4,099 13,209
Associated company loans 94,000 -
Other creditors - 2,273
180,516 64,918
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 22,376 32,304
Associated company loans - 147,000
Directors loan 375,000 375,000
397,376 554,304
8 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 76,565 76,565
9 Transactions with directors
As at 28 February 2023 the directors had loaned the company £375,000 (2022 - £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 £94,000 (2022 - £147,000) and this is shown as a loan due within one year (2022 - due after more than one year). No interest is payable on this loan.
10 Controlling party
There is no ultimate controlling party. The company is owed 50% each by the directors G Christou and R Koppa.
11 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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