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REGISTERED NUMBER: 08409711 (England and Wales)















OTHELLO RESTAURANT GY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2022






OTHELLO RESTAURANT GY LIMITED (REGISTERED NUMBER: 08409711)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3 to 4


OTHELLO RESTAURANT GY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2022







DIRECTOR: S W S Elmhirst





REGISTERED OFFICE: 41 Dixon Avenue
Grimsby
N E Lincolnshire
DN32 0AJ





REGISTERED NUMBER: 08409711 (England and Wales)

OTHELLO RESTAURANT GY LIMITED (REGISTERED NUMBER: 08409711)

ABRIDGED BALANCE SHEET
31ST DECEMBER 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,785 17,512

CURRENT ASSETS
Stocks 4,200 2,943
Debtors 35,471 12,846
Cash at bank and in hand 10,091 4,622
49,762 20,411
CREDITORS
Amounts falling due within one year 69,369 41,666
NET CURRENT LIABILITIES (19,607 ) (21,255 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,822

)

(3,743

)

CREDITORS
Amounts falling due after more than one year 5 (32,561 ) (39,399 )

PROVISIONS FOR LIABILITIES (2,999 ) (3,328 )
NET LIABILITIES (39,382 ) (46,470 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (39,383 ) (46,471 )
SHAREHOLDERS' FUNDS (39,382 ) (46,470 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2022 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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 22nd February 2024 and were signed by:



S W S Elmhirst - Director


OTHELLO RESTAURANT GY LIMITED (REGISTERED NUMBER: 08409711)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2022

1. STATUTORY INFORMATION

Othello Restaurant Gy 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 and rebates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% 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.

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 4 (2021 - 5 ) .

OTHELLO RESTAURANT GY LIMITED (REGISTERED NUMBER: 08409711)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2022

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2022 25,113
Additions 767
At 31st December 2022 25,880
DEPRECIATION
At 1st January 2022 7,601
Charge for year 2,494
At 31st December 2022 10,095
NET BOOK VALUE
At 31st December 2022 15,785
At 31st December 2021 17,512

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
31.12.22 31.12.21
£    £   
Repayable by instalments
Bank loans 13,810 -