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REGISTERED NUMBER: 09180938 (England and Wales)











Unaudited Financial Statements for the Year Ended 31 August 2023

for

Eat Drink Smile Ltd

Eat Drink Smile Ltd (Registered number: 09180938)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eat Drink Smile Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTOR: Mr A G Hunter





REGISTERED OFFICE: ASM House
103A Keymer Road
Hassocks
West Sussex
BN6 8QL





REGISTERED NUMBER: 09180938 (England and Wales)

Eat Drink Smile Ltd (Registered number: 09180938)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 71 202
Investments 5 64 64
Investment property 6 900,962 900,962
901,097 901,228

CURRENT ASSETS
Debtors 7 211 27,727
Cash at bank 11,711 5,164
11,922 32,891
CREDITORS
Amounts falling due within one year 8 164,416 182,878
NET CURRENT LIABILITIES (152,494 ) (149,987 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

748,603

751,241

CREDITORS
Amounts falling due after more than one year 9 627,240 659,438
NET ASSETS 121,363 91,803

CAPITAL AND RESERVES
Called up share capital 92 92
Share premium 89,992 89,992
Capital redemption reserve 8 8
Retained earnings 31,271 1,711
SHAREHOLDERS' FUNDS 121,363 91,803

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Eat Drink Smile Ltd (Registered number: 09180938)

Balance Sheet - continued
31 August 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 5 March 2024 and were signed by:





Mr A G Hunter - Director


Eat Drink Smile Ltd (Registered number: 09180938)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Eat Drink Smile 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.

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

Investments in associates
Investments in associate undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Eat Drink Smile Ltd (Registered number: 09180938)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 2,926
DEPRECIATION
At 1 September 2022 2,724
Charge for year 131
At 31 August 2023 2,855
NET BOOK VALUE
At 31 August 2023 71
At 31 August 2022 202

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 September 2022
and 31 August 2023 64
NET BOOK VALUE
At 31 August 2023 64
At 31 August 2022 64

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 900,962
NET BOOK VALUE
At 31 August 2023 900,962
At 31 August 2022 900,962

Eat Drink Smile Ltd (Registered number: 09180938)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 38 -
Amounts owed by associates - 27,506
Other debtors 173 221
211 27,727

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 17,564 17,564
Trade creditors - 671
Taxation and social security 8,660 12,098
Other creditors 138,192 152,545
164,416 182,878

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 282,240 299,438
Taxation and social security 345,000 360,000
627,240 659,438

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 204,303 236,573