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REGISTERED NUMBER: 12301919 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Toga Restaurant Ltd

Toga Restaurant Ltd (Registered number: 12301919)






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


Toga Restaurant Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr R Gaglione
Mr B Torre





REGISTERED OFFICE: SRB Associates (Leicestershire) Limited
Nottingham Road
Melton Mowbray
Leicestershire
LE13 0PB





REGISTERED NUMBER: 12301919 (England and Wales)





ACCOUNTANTS: SRB Associates (Leicestershire) Limited
Pera Business Park
Nottingham Road
Melton Mowbray
Leicestershire
LE13 0PB

Toga Restaurant Ltd (Registered number: 12301919)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,451 7,208

CURRENT ASSETS
Stocks 5 2,310 2,135
Debtors 6 5,870 5,733
Cash at bank and in hand 141,174 121,449
149,354 129,317
CREDITORS
Amounts falling due within one year 7 66,323 45,607
NET CURRENT ASSETS 83,031 83,710
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,482

90,918

CREDITORS
Amounts falling due after more than one
year

8

(16,198

)

(26,426

)

PROVISIONS FOR LIABILITIES 9 (3,506 ) (1,369 )
NET ASSETS 81,778 63,123

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 81,678 63,023
SHAREHOLDERS' FUNDS 81,778 63,123

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.

Toga Restaurant Ltd (Registered number: 12301919)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





Mr R Gaglione - Director


Toga Restaurant Ltd (Registered number: 12301919)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Toga 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.

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 sales of goods and services, excluding value added tax

Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures, fittings & equipment - 20% Reducing balance basis

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.

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 11 (2022 - 7 ) .

Toga Restaurant Ltd (Registered number: 12301919)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and
equipment
£   
COST
At 1 December 2022 14,021
Additions 15,856
At 30 November 2023 29,877
DEPRECIATION
At 1 December 2022 6,813
Charge for year 4,613
At 30 November 2023 11,426
NET BOOK VALUE
At 30 November 2023 18,451
At 30 November 2022 7,208

5. STOCKS
30.11.23 30.11.22
£    £   
Stocks 2,310 2,135

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 5,870 5,733

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 10,228 9,772
Taxation and social security 33,750 27,615
Other creditors 22,345 8,220
66,323 45,607

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 16,198 26,426

9. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 3,506 1,369

Toga Restaurant Ltd (Registered number: 12301919)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 December 2022 1,369
Charge to Income Statement during year 2,137
Balance at 30 November 2023 3,506

10. CALLED UP SHARE CAPITAL

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

11. RELATED PARTY DISCLOSURES

Included in other creditors are amounts of £20,162 (2022 : £6,213) due to Mr B Torre and Mr R Gaglione, the two directors of the company. The amounts due are interest free and repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The controlling parties are Mr R Gaglione and Mr B Torre, the two directors of the company, who each own a 50% share of the issued share capital.