Company registration number 04236069 (England and Wales)
FINO RESTAURANT LIMITED
ANNUAL REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2023
PAGES FOR FILING WITH REGISTRAR
FINO RESTAURANT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
FINO RESTAURANT LIMITED
BALANCE SHEET
AS AT
31 JULY 2023
31 July 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
631
631
Net current assets
631
631
Capital and reserves
Called up share capital
4
454,000
454,000
Share premium account
50,000
50,000
Profit and loss reserves
(503,369)
(503,369)
Total equity
631
631

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 30 July 2024 and are signed on its behalf by:
S D Edgson
Director
Company Registration No. 04236069
FINO RESTAURANT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
- 2 -
1
Accounting policies
Company information

Fino Restaurant Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Old Hall, Main Street, Market Overton, Rutland, LE15 7PL.

1.1
Basis of preparation

These financial statements have been prepared in accordance with applicable accounting standards including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

1.2
Going concern

The company ceased trading in June 2015. As required by United Kingdom Accounting Standards, the financial statements have been prepared on the basis that the company is no longer a going concern. No material adjustments arose as a result of ceasing to apply the going concern basis.

1.3
Profit and loss account

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

1.4
Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Debtors and creditors with no stated interest rate and receivable or payable within one year are measured at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
-
0
-
0
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
631
631
FINO RESTAURANT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 3 -
4
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
454,000 Ordinary Shares of £1 each
454,000
454,000
5
Financial commitments, guarantees and contingent liabilities

Under the terms of an unlimited interlocking guarantee, Harts Group Ltd, Quo Vadis Soho Limited, Fino Restaurant Limited, Barrafina Limited and Leoni's Quo Vadis Limited jointly and severally undertook to satisfy on demand all sums owing to the bank by the other parties to the agreement. As at 31 July 2023 the net amounts owing to the bank were £987,384 (2022 - £1,211,204) by Harts Group Ltd, £Nil (2022 - £23,339) by Quo Vadis Soho Limited, £Nil (2022 - £Nil) by Fino Restaurant Limited, £Nil (2022 - £Nil) by Barrafina Limited and £Nil (2022 - £Nil) by Leoni's Quo Vadis Limited.

6
Parent company

The ultimate parent undertaking at the year end was Harts Group Ltd. The registered address of Harts Group Ltd is the same as the company's registered office as given in the company information page of these financial statements.

 

The company is included in the consolidated financial statements of Harts Group Ltd, which are publicly available from Companies House, Cardiff.

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