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Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Mediterranean Restaurant Brighton Ltd

Mediterranean Restaurant Brighton Ltd (Registered number: 09333309)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mediterranean Restaurant Brighton Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: C Pulze
A Simitsis





SECRETARY: Mrs L Pulze





REGISTERED OFFICE: Williams & Co
8-10 South Street
Epsom
Surrey
KT18 7PF





REGISTERED NUMBER: 09333309 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Mediterranean Restaurant Brighton Ltd (Registered number: 09333309)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 585 639
Tangible assets 5 36,494 39,807
37,079 40,446

CURRENT ASSETS
Stocks 12,151 9,614
Debtors 6 67,221 74,575
Cash at bank and in hand 9,965 35,209
89,337 119,398
CREDITORS
Amounts falling due within one year 7 67,469 65,868
NET CURRENT ASSETS 21,868 53,530
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,947

93,976

CREDITORS
Amounts falling due after more than one
year

8

13,405

24,136
NET ASSETS 45,542 69,840

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Share premium 9,000 9,000
Retained earnings 35,542 59,840
SHAREHOLDERS' FUNDS 45,542 69,840

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 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.

Mediterranean Restaurant Brighton Ltd (Registered number: 09333309)

Balance Sheet - continued
31 March 2024


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:




C Pulze - Director



A Simitsis - Director


Mediterranean Restaurant Brighton Ltd (Registered number: 09333309)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Mediterranean Restaurant Brighton 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.

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 the sale of food and drinks within the restaurant operated by the company. Revenues are recognised at the point of sale.

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.

Trademarks are being amortised evenly over their estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on cost

Small kitchenware, crockery and glasses are not depreciated and are written off to the profit and loss account.

Stocks
Stocks are mainly comprised of wine and other beverages used in the operation of the restaurant.

Stock also includes food which is valued in the same way.

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

The basis of valuation used is the actual cost paid to the supplier.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Mediterranean Restaurant Brighton Ltd (Registered number: 09333309)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

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 16 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 1,065
AMORTISATION
At 1 April 2023 426
Charge for year 54
At 31 March 2024 480
NET BOOK VALUE
At 31 March 2024 585
At 31 March 2023 639

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 66,260 79,989 146,249
DEPRECIATION
At 1 April 2023 26,453 79,989 106,442
Charge for year 3,313 - 3,313
At 31 March 2024 29,766 79,989 109,755
NET BOOK VALUE
At 31 March 2024 36,494 - 36,494
At 31 March 2023 39,807 - 39,807

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 67,221 74,575

Mediterranean Restaurant Brighton Ltd (Registered number: 09333309)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,177 9,934
Trade creditors 31,656 24,334
Taxation and social security 11,497 13,205
Other creditors 14,139 18,395
67,469 65,868

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 13,405 24,136

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary shares £1 1,000 1,000

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.