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REGISTERED NUMBER: 08042145 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2024

for

MODERN DINERS LIMITED

MODERN DINERS LIMITED (REGISTERED NUMBER: 08042145)

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


MODERN DINERS LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: R M Harrison





REGISTERED OFFICE: The Tors Inn
Belstone
Okehampton
Devon
EX20 1QZ





REGISTERED NUMBER: 08042145 (England and Wales)





ACCOUNTANTS: Haines Watts
3 Southernhay West
Exeter
Devon
EX1 1JG

MODERN DINERS LIMITED (REGISTERED NUMBER: 08042145)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 11,856 12,221

CURRENT ASSETS
Stocks 5,005 4,550
Debtors 6 103,744 80,977
108,749 85,527
CREDITORS
Amounts falling due within one year 7 (65,592 ) (54,903 )
NET CURRENT ASSETS 43,157 30,624
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,013

42,845

CREDITORS
Amounts falling due after more than one
year

8

(37,786

)

(37,781

)

PROVISIONS FOR LIABILITIES (2,960 ) (2,328 )
NET ASSETS 14,267 2,736

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 13,267 1,736
14,267 2,736

MODERN DINERS LIMITED (REGISTERED NUMBER: 08042145)

Balance Sheet - continued
31 MARCH 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 September 2024 and were signed by:





R M Harrison - Director


MODERN DINERS LIMITED (REGISTERED NUMBER: 08042145)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024


1. COMPANY INFORMATION

Modern Diners Limited 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 (£).

The company's principal place of business is: The Grapevine Brewhouse, 2 Victoria Road, Exmouth, Devon EX8 1DL.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company retains adequate resources required to continue in operational existence for the foreseeable future. Therefore, the director has deemed the it appropriate to adopt the going concern basis of preparation.

Turnover
Turnover represents amounts chargeable in respect of the sale of goods falling within the company's ordinary activities.

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 and equipment - 25% on reducing balance
Motor vehicles - 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.


MODERN DINERS LIMITED (REGISTERED NUMBER: 08042145)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and Motor
equipment vehicles Totals
£    £    £   
COST
At 1 April 2023 14,905 12,300 27,205
Additions 3,357 - 3,357
At 31 March 2024 18,262 12,300 30,562
DEPRECIATION
At 1 April 2023 11,525 3,459 14,984
Charge for year 1,511 2,211 3,722
At 31 March 2024 13,036 5,670 18,706
NET BOOK VALUE
At 31 March 2024 5,226 6,630 11,856
At 31 March 2023 3,380 8,841 12,221

MODERN DINERS LIMITED (REGISTERED NUMBER: 08042145)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 103,744 80,977

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,553 12,580
Trade creditors 19,038 14,086
Taxation and social security 32,121 25,002
Other creditors 2,880 3,235
65,592 54,903

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 37,786 37,781

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 13,943 13,938

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
R M Harrison
Balance outstanding at start of year 46,357 22,885
Amounts advanced 36,679 28,572
Amounts repaid (24,000 ) (5,100 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 59,036 46,357

The loan has had interest charged at the official rate and is repayable on demand.

MODERN DINERS LIMITED (REGISTERED NUMBER: 08042145)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. RELATED PARTY DISCLOSURES

R M Harrison (Director)
A personal guarantee has been provided by the director to HSBC Bank p.l.c. in support of the bank borrowings.

Related company loans (under common ownership)
Included in debtors within one year is a loan with a related company £36,579 (2023 - £27,182). The loan is interest free and repayable on demand.