REGISTERED NUMBER: 11381136 (England and Wales) |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 24 NOVEMBER 2023 |
FOR |
THM RESTAURANTS LIMITED |
REGISTERED NUMBER: 11381136 (England and Wales) |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 24 NOVEMBER 2023 |
FOR |
THM RESTAURANTS LIMITED |
THM RESTAURANTS LIMITED (REGISTERED NUMBER: 11381136) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 24 NOVEMBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
THM RESTAURANTS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 24 NOVEMBER 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
The Old Casino |
28 Fourth Avenue |
Hove |
East Sussex |
BN3 2PJ |
THM RESTAURANTS LIMITED (REGISTERED NUMBER: 11381136) |
BALANCE SHEET |
24 NOVEMBER 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
CURRENT ASSETS |
Stocks | 4 |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) | ( |
) |
CREDITORS |
Amounts falling due after more than one year | 7 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
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. |
THM RESTAURANTS LIMITED (REGISTERED NUMBER: 11381136) |
BALANCE SHEET - continued |
24 NOVEMBER 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
THM RESTAURANTS LIMITED (REGISTERED NUMBER: 11381136) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 24 NOVEMBER 2023 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities. |
Turnover |
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer. |
Tangible fixed assets |
Long leasehold | - |
Improvements to property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
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. |
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. |
2. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
THM RESTAURANTS LIMITED (REGISTERED NUMBER: 11381136) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 24 NOVEMBER 2023 |
3. | TANGIBLE FIXED ASSETS |
Improvements |
Long | to | Plant and |
leasehold | property | machinery |
£ | £ | £ |
COST |
At 25 November 2022 |
Additions |
Disposals |
At 24 November 2023 |
DEPRECIATION |
At 25 November 2022 |
Charge for year |
Eliminated on disposal |
At 24 November 2023 |
NET BOOK VALUE |
At 24 November 2023 |
At 24 November 2022 |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 25 November 2022 |
Additions |
Disposals | ( |
) | ( |
) |
At 24 November 2023 |
DEPRECIATION |
At 25 November 2022 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 24 November 2023 |
NET BOOK VALUE |
At 24 November 2023 |
At 24 November 2022 |
4. | STOCKS |
2023 | 2022 |
£ | £ |
Stocks |
THM RESTAURANTS LIMITED (REGISTERED NUMBER: 11381136) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 24 NOVEMBER 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other debtors |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Social security and other taxes |
VAT | 51,004 | 31,513 |
Other creditors |
Directors' loan accounts | 22,324 | 45,858 |
Accruals and deferred income |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
Hire purchase contracts |
8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
During the year, F Hudson decreased her loan to the company. As at 24 November 2023, the company owed her £2,957 (2022: £8,775). The balance at the start of the year represented the maximum amount outstanding during the period and the loan is interest free and repayable on demand. |
Also during the year, R Maynard decreased his loan to the company. As at 24 November 2023, the company owed him £12,252 (2022: £23,316). The balance at the start of the year represented the maximum amount outstanding during the period and the loan is interest free and repayable on demand. |
Finally during the year, J Thomson decreased his loan to the company. As at 24 November 2023, the company owed him £7,116 (2022: £13,766). The balance at the start of the year represented the maximum amount outstanding during the period and the loan is interest free and repayable on demand. |
9. | ULTIMATE CONTROLLING PARTY |
As there is no majority shareholder the company is controlled jointly by the directors of the company. |
10. | ACCOUNTING BASIS |
As stated in the accounting policy note, these financial statements have been prepared on the basis that the company will continue to be a going concern. As at the year end the current liabilities exceeded current assets by £74,135. |
The validity of this basis depends upon the continued support of the company's directors. The directors confirms that they will give the required support. |