INDEPENDENT SPANISH RESTAURANT COMPANY (NORTH) LIMITED

Company Registration Number:
12361998 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

INDEPENDENT SPANISH RESTAURANT COMPANY (NORTH) LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

INDEPENDENT SPANISH RESTAURANT COMPANY (NORTH) LIMITED

Balance sheet

As at 31 October 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 7,693 12,042
Tangible assets: 4 48,376 61,766
Total fixed assets: 56,069 73,808
Current assets
Stocks: 16,688 15,685
Debtors:   78,917 233,953
Cash at bank and in hand: 158,199 57,288
Total current assets: 253,804 306,926
Creditors: amounts falling due within one year:   (355,603) (618,623)
Net current assets (liabilities): (101,799) (311,697)
Total assets less current liabilities: (45,730) (237,889)
Creditors: amounts falling due after more than one year: 5 (18,101) (27,688)
Total net assets (liabilities): (63,831) (265,577)
Capital and reserves
Called up share capital: 2 1
Share premium account: 247,987 0
Profit and loss account: (311,820) (265,578)
Shareholders funds: (63,831) (265,577)

The notes form part of these financial statements

INDEPENDENT SPANISH RESTAURANT COMPANY (NORTH) LIMITED

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 July 2024
and signed on behalf of the board by:

Name: J Picton
Status: Director

The notes form part of these financial statements

INDEPENDENT SPANISH RESTAURANT COMPANY (NORTH) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Turnover policy

Turnover represents the net amount of sales to customers less any refund where appropriate.

Tangible fixed assets and depreciation policy

Depreciation is provided on fixed assets in equal installments over their useful lives, at the following rates: Leasehold improvements, over the life of the lease. Other assets 20% reducing balance

Intangible fixed assets and amortisation policy

Intellectual property straight line over 5 years

INDEPENDENT SPANISH RESTAURANT COMPANY (NORTH) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023 2022
Average number of employees during the period 18 22

INDEPENDENT SPANISH RESTAURANT COMPANY (NORTH) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Intangible Assets

Total
Cost £
At 01 November 2022 22,300
At 31 October 2023 22,300
Amortisation
At 01 November 2022 10,258
Charge for year 4,349
At 31 October 2023 14,607
Net book value
At 31 October 2023 7,693
At 31 October 2022 12,042

INDEPENDENT SPANISH RESTAURANT COMPANY (NORTH) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Tangible Assets

Total
Cost £
At 01 November 2022 86,349
At 31 October 2023 86,349
Depreciation
At 01 November 2022 24,583
Charge for year 13,390
At 31 October 2023 37,973
Net book value
At 31 October 2023 48,376
At 31 October 2022 61,766

INDEPENDENT SPANISH RESTAURANT COMPANY (NORTH) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due after more than one year note

Bank Loan 2023 £18101 2022 £ 27688

INDEPENDENT SPANISH RESTAURANT COMPANY (NORTH) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Financial commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable leases as follows: 2023 £1,100,000 2022 £1,250,000