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REGISTERED NUMBER: 08704618 (England and Wales)















VALENTINO'S RESTAURANT RIPON LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023






VALENTINO'S RESTAURANT RIPON LTD (REGISTERED NUMBER: 08704618)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VALENTINO'S RESTAURANT RIPON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: R Jones





REGISTERED OFFICE: Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT





REGISTERED NUMBER: 08704618 (England and Wales)





ACCOUNTANTS: DSC
Chartered Accountants
Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT

VALENTINO'S RESTAURANT RIPON LTD (REGISTERED NUMBER: 08704618)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30,000 33,000
Tangible assets 5 345,972 378,535
375,972 411,535

CURRENT ASSETS
Stocks 9,983 9,864
Debtors 6 13,570 13,307
Cash at bank and in hand 96,807 61,956
120,360 85,127
CREDITORS
Amounts falling due within one year 7 110,046 84,253
NET CURRENT ASSETS 10,314 874
TOTAL ASSETS LESS CURRENT
LIABILITIES

386,286

412,409

CREDITORS
Amounts falling due after more than one
year

8

371,752

411,179
NET ASSETS 14,534 1,230

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14,434 1,130
14,534 1,230

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

VALENTINO'S RESTAURANT RIPON LTD (REGISTERED NUMBER: 08704618)

BALANCE SHEET - continued
30 SEPTEMBER 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 director and authorised for issue on 20 February 2024 and were signed by:





R Jones - Director


VALENTINO'S RESTAURANT RIPON LTD (REGISTERED NUMBER: 08704618)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Valentino's Restaurant Ripon Ltd 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 the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

VALENTINO'S RESTAURANT RIPON LTD (REGISTERED NUMBER: 08704618)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2. ACCOUNTING POLICIES - continued

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 18 (2022 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 60,000
AMORTISATION
At 1 October 2022 27,000
Charge for year 3,000
At 30 September 2023 30,000
NET BOOK VALUE
At 30 September 2023 30,000
At 30 September 2022 33,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 534,796
Additions 971
At 30 September 2023 535,767
DEPRECIATION
At 1 October 2022 156,261
Charge for year 33,534
At 30 September 2023 189,795
NET BOOK VALUE
At 30 September 2023 345,972
At 30 September 2022 378,535

VALENTINO'S RESTAURANT RIPON LTD (REGISTERED NUMBER: 08704618)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 580
Other debtors 13,570 12,727
13,570 13,307

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 9,584 6,815
Taxation and social security 41,863 30,539
Other creditors 47,951 36,251
110,046 84,253

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,684 25,539
Other creditors 356,068 385,640
371,752 411,179

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 240,868 270,440

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
R Jones
Balance outstanding at start of year 11,025 -
Amounts advanced 26,746 54,207
Amounts repaid (26,568 ) (43,182 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,203 11,025

The loan was repaid after the year end. Interest was charged on the balance £432 (2022: £220) at HMRC's official interest rate.