IRIS Accounts Production v23.1.0.753 02733184 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure027331842022-07-31027331842023-07-31027331842022-08-012023-07-31027331842021-07-31027331842021-08-012022-07-31027331842022-07-3102733184ns16:EnglandWales2022-08-012023-07-3102733184ns15:PoundSterling2022-08-012023-07-3102733184ns11:Director12022-08-012023-07-3102733184ns11:PrivateLimitedCompanyLtd2022-08-012023-07-3102733184ns11:SmallEntities2022-08-012023-07-3102733184ns11:AuditExempt-NoAccountantsReport2022-08-012023-07-3102733184ns11:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3102733184ns11:SmallCompaniesRegimeForAccounts2022-08-012023-07-3102733184ns11:FullAccounts2022-08-012023-07-3102733184ns11:OrdinaryShareClass12022-08-012023-07-3102733184ns11:Director22022-08-012023-07-3102733184ns11:Director32022-08-012023-07-3102733184ns11:CompanySecretary12022-08-012023-07-3102733184ns11:RegisteredOffice2022-08-012023-07-3102733184ns6:CurrentFinancialInstruments2023-07-3102733184ns6:CurrentFinancialInstruments2022-07-3102733184ns6:Non-currentFinancialInstruments2023-07-3102733184ns6:Non-currentFinancialInstruments2022-07-3102733184ns6:ShareCapital2023-07-3102733184ns6:ShareCapital2022-07-3102733184ns6:CapitalRedemptionReserve2023-07-3102733184ns6:CapitalRedemptionReserve2022-07-3102733184ns6:RetainedEarningsAccumulatedLosses2023-07-3102733184ns6:RetainedEarningsAccumulatedLosses2022-07-3102733184ns6:ShortLeaseholdAssetsns6:LandBuildings2022-08-012023-07-3102733184ns6:LeaseholdImprovements2022-08-012023-07-3102733184ns6:FurnitureFittings2022-08-012023-07-3102733184ns6:ShortLeaseholdAssetsns6:LandBuildings2022-07-3102733184ns6:LeaseholdImprovements2022-07-3102733184ns6:FurnitureFittings2022-07-3102733184ns6:ShortLeaseholdAssetsns6:LandBuildings2023-07-3102733184ns6:LeaseholdImprovements2023-07-3102733184ns6:FurnitureFittings2023-07-3102733184ns6:ShortLeaseholdAssetsns6:LandBuildings2022-07-3102733184ns6:LeaseholdImprovements2022-07-3102733184ns6:FurnitureFittings2022-07-3102733184ns6:WithinOneYearns6:CurrentFinancialInstruments2023-07-3102733184ns6:WithinOneYearns6:CurrentFinancialInstruments2022-07-3102733184ns6:AcceleratedTaxDepreciationDeferredTax2023-07-3102733184ns6:AcceleratedTaxDepreciationDeferredTax2022-07-3102733184ns6:DeferredTaxation2022-07-3102733184ns6:DeferredTaxation2022-08-012023-07-3102733184ns6:DeferredTaxation2023-07-3102733184ns11:OrdinaryShareClass12023-07-3102733184ns6:RetainedEarningsAccumulatedLosses2022-07-3102733184ns6:CapitalRedemptionReserve2022-07-3102733184ns6:RetainedEarningsAccumulatedLosses2022-08-012023-07-31
REGISTERED NUMBER: 02733184 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

EUROGOLD RESTAURANTS LIMITED

EUROGOLD RESTAURANTS LIMITED (REGISTERED NUMBER: 02733184)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EUROGOLD RESTAURANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 July 2023







DIRECTORS: Ms T Levantesi
A Tiraboschi
A Palano





SECRETARY: Ms T Levantesi





REGISTERED OFFICE: 29 Kensington Park Road
London
W11 2EU





REGISTERED NUMBER: 02733184 (England and Wales)





ACCOUNTANTS: B S Patel & Co
1b Bourne End Road
Northwood
Middlesex
HA6 3BP

EUROGOLD RESTAURANTS LIMITED (REGISTERED NUMBER: 02733184)

BALANCE SHEET
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 69,994 83,063

CURRENT ASSETS
Stocks 44,500 52,550
Debtors 5 713,334 790,356
Cash at bank and in hand 822,994 1,420,917
1,580,828 2,263,823
CREDITORS
Amounts falling due within one year 6 547,133 838,479
NET CURRENT ASSETS 1,033,695 1,425,344
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,103,689

1,508,407

CREDITORS
Amounts falling due after more than one
year

7

-

(176,250

)

PROVISIONS FOR LIABILITIES 8 (10,336 ) (10,070 )
NET ASSETS 1,093,353 1,322,087

CAPITAL AND RESERVES
Called up share capital 9 75 75
Capital redemption reserve 10 25 25
Retained earnings 10 1,093,253 1,321,987
SHAREHOLDERS' FUNDS 1,093,353 1,322,087

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

EUROGOLD RESTAURANTS LIMITED (REGISTERED NUMBER: 02733184)

BALANCE SHEET - continued
31 July 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





A Tiraboschi - Director


EUROGOLD RESTAURANTS LIMITED (REGISTERED NUMBER: 02733184)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 July 2023

1. STATUTORY INFORMATION

Eurogold Restaurants 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The company's principal activity is that of restauranteurs.

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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.
Short leasehold - Straight line over the life of the lease
Improvements to property - Straight line over the life of the lease
Fixtures and fittings - 20% on reducing balance

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.

EUROGOLD RESTAURANTS LIMITED (REGISTERED NUMBER: 02733184)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 July 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a money purchase scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions payable for the year are charged in the profit and loss account.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2022 - 44 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Short to and
leasehold property fittings Totals
£    £    £    £   
COST
At 1 August 2022 120,506 126,457 406,642 653,605
Additions - - 8,619 8,619
At 31 July 2023 120,506 126,457 415,261 662,224
DEPRECIATION
At 1 August 2022 108,994 110,148 351,400 570,542
Charge for year 2,039 4,115 15,534 21,688
At 31 July 2023 111,033 114,263 366,934 592,230
NET BOOK VALUE
At 31 July 2023 9,473 12,194 48,327 69,994
At 31 July 2022 11,512 16,309 55,242 83,063

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 144,839 171,861
Sundry debtors 2,887 2,887
Other debtors 539,358 589,358
Prepayments 26,250 26,250
713,334 790,356

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 212,007 253,279
Taxation and social security 203,968 497,845
Other creditors 131,158 87,355
547,133 838,479

EUROGOLD RESTAURANTS LIMITED (REGISTERED NUMBER: 02733184)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans - 176,250

8. PROVISIONS FOR LIABILITIES
31.7.23 31.7.22
£    £   
Deferred tax
Accelerated capital allowances 10,336 10,070

Deferred
tax
£   
Balance at 1 August 2022 10,070
Provided during year 266
Balance at 31 July 2023 10,336

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
75 Ordinary £1 75 75

10. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 August 2022 1,321,987 25 1,322,012
Profit for the year 221,266 221,266
Dividends (450,000 ) (450,000 )
At 31 July 2023 1,093,253 25 1,093,278

11. CONTINGENT LIABILITIES

The company has cross guaranteed bank borrowing of related company 29KPR Ltd.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company owed the directors £50334 (2022: £334) on their current accounts.

13. RELATED PARTY DISCLOSURES

29KPR Limited is considered to be related party by virtue of common directors and their interests. At the balance sheet date 29KPR Limited owed the company £589,358 (2022: £589,358).