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REGISTERED NUMBER: 08704564 (England and Wales)










NEW REGENT RESTAURANT LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






NEW REGENT RESTAURANT LTD (REGISTERED NUMBER: 08704564)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NEW REGENT RESTAURANT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr M Chen





REGISTERED OFFICE: Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB





REGISTERED NUMBER: 08704564 (England and Wales)





ACCOUNTANTS: Shah & Co (Accountants) Ltd
Chartered Certified Accountants
Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB

NEW REGENT RESTAURANT LTD (REGISTERED NUMBER: 08704564)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,000 3,000
Tangible assets 5 9,096 12,018
10,096 15,018

CURRENT ASSETS
Stocks 3,135 5,240
Debtors 6 7,244 3,000
Cash at bank and in hand 30,624 17,375
41,003 25,615
CREDITORS
Amounts falling due within one year 7 25,684 17,741
NET CURRENT ASSETS 15,319 7,874
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,415

22,892

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 25,295 22,772
SHAREHOLDERS' FUNDS 25,415 22,892

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 17 July 2024 and were signed by:




Mr M Chen - Director


NEW REGENT RESTAURANT LTD (REGISTERED NUMBER: 08704564)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

NEW REGENT RESTAURANT 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.

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


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 represents net invoiced sales of goods, excluding value added tax. Turnover is recognised at the point when a meal is served or delivered to a customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 10% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% 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.


NEW REGENT RESTAURANT LTD (REGISTERED NUMBER: 08704564)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 20,000
AMORTISATION
At 1 April 2023 17,000
Charge for year 2,000
At 31 March 2024 19,000
NET BOOK VALUE
At 31 March 2024 1,000
At 31 March 2023 3,000

NEW REGENT RESTAURANT LTD (REGISTERED NUMBER: 08704564)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 April 2023 18,000 10,395 14,654 43,049
Additions - 616 - 616
At 31 March 2024 18,000 11,011 14,654 43,665
DEPRECIATION
At 1 April 2023 15,300 6,053 9,678 31,031
Charge for year 1,800 992 746 3,538
At 31 March 2024 17,100 7,045 10,424 34,569
NET BOOK VALUE
At 31 March 2024 900 3,966 4,230 9,096
At 31 March 2023 2,700 4,342 4,976 12,018

6. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 4,244 -

Amounts falling due after more than one year:
Other debtors 3,000 3,000

Aggregate amounts 7,244 3,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 3,223 2,520
Tax 3,828 5,057
Social security and other taxes 463 (506 )
VAT 16,054 6,779
Directors' current accounts 444 281
Accrued expenses 1,672 3,610
25,684 17,741

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date monies owed to the director, amounted to £444 (2023: £281). This is interest free with no set terms for repayment.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £10,000 were paid to the director .

NEW REGENT RESTAURANT LTD (REGISTERED NUMBER: 08704564)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

10. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr M Chen