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REGISTERED NUMBER: 08784323 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

MILL BAY MARINA RESTAURANT LIMITED

MILL BAY MARINA RESTAURANT LIMITED (REGISTERED NUMBER: 08784323)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MILL BAY MARINA RESTAURANT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Ms K Hajiyianni
Mr C Hajiyianni





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 08784323 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

MILL BAY MARINA RESTAURANT LIMITED (REGISTERED NUMBER: 08784323)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 154,951 146,447

CURRENT ASSETS
Stocks 5 8,250 7,875
Debtors 6 25,771 64,673
Cash at bank and in hand 44,501 77,330
78,522 149,878
CREDITORS
Amounts falling due within one year 7 130,989 141,669
NET CURRENT (LIABILITIES)/ASSETS (52,467 ) 8,209
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,484

154,656

PROVISIONS FOR LIABILITIES 9 27,712 27,712
NET ASSETS 74,772 126,944

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 74,672 126,844
SHAREHOLDERS' FUNDS 74,772 126,944

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

MILL BAY MARINA RESTAURANT LIMITED (REGISTERED NUMBER: 08784323)

BALANCE SHEET - continued
30 NOVEMBER 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2024 and were signed on its behalf by:





Mr M Hajiyianni - Director


MILL BAY MARINA RESTAURANT LIMITED (REGISTERED NUMBER: 08784323)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Mill Bay Marina Restaurant 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.

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 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.
Fixtures fittings & equipment - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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 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.

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.

MILL BAY MARINA RESTAURANT LIMITED (REGISTERED NUMBER: 08784323)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2022 - 33 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
fittings Motor Computer
Lease & equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 7,210 277,000 13,745 917 298,872
Additions - 24,836 - 1,665 26,501
At 30 November 2023 7,210 301,836 13,745 2,582 325,373
DEPRECIATION
At 1 December 2022 - 145,581 6,013 831 152,425
Charge for year - 15,626 1,933 438 17,997
At 30 November 2023 - 161,207 7,946 1,269 170,422
NET BOOK VALUE
At 30 November 2023 7,210 140,629 5,799 1,313 154,951
At 30 November 2022 7,210 131,419 7,732 86 146,447

5. STOCKS
30.11.23 30.11.22
£    £   
Stocks 8,250 7,875

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 25,771 64,673

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts (see note 8) 25,635 35,902
Hire purchase contracts 2,332 5,830
Trade creditors 50,547 35,678
Tax - 10,806
Social security and other taxes 8,080 8,040
VAT 38,779 39,825
Pension 1,416 1,588
Accrued expenses 4,200 4,000
130,989 141,669

MILL BAY MARINA RESTAURANT LIMITED (REGISTERED NUMBER: 08784323)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


8. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 25,635 35,902

9. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 27,712 27,712

Deferred
tax
£   
Balance at 1 December 2022 27,712
Balance at 30 November 2023 27,712

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary Shares £1 100 100