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REGISTERED NUMBER: 03883298 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

JMD Restaurants (Cardiff) Limited

JMD Restaurants (Cardiff) Limited (Registered number: 03883298)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JMD Restaurants (Cardiff) Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: N B Martinez
Mrs J E Martinez





SECRETARY: Mrs L J Dobson





REGISTERED OFFICE: Custom House
Penarth Marina
Penarth
CF64 1TT





REGISTERED NUMBER: 03883298 (England and Wales)






JMD Restaurants (Cardiff) Limited (Registered number: 03883298)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,907,064 1,759,558

CURRENT ASSETS
Stocks 149,957 143,174
Debtors 5 544,857 777,633
Cash at bank 236,775 206,398
931,589 1,127,205
CREDITORS
Amounts falling due within one year 6 645,398 908,889
NET CURRENT ASSETS 286,191 218,316
TOTAL ASSETS LESS CURRENT LIABILITIES 2,193,255 1,977,874

CREDITORS
Amounts falling due after more than one year 7 (228,000 ) (228,000 )

PROVISIONS FOR LIABILITIES (109,558 ) (109,558 )
NET ASSETS 1,855,697 1,640,316

CAPITAL AND RESERVES
Called up share capital 256 256
Share premium 1,379,624 1,379,624
Capital redemption reserve 120 120
Retained earnings 475,697 260,316
SHAREHOLDERS' FUNDS 1,855,697 1,640,316

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

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

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:





N B Martinez - Director


JMD Restaurants (Cardiff) Limited (Registered number: 03883298)

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

1. STATUTORY INFORMATION

JMD Restaurants (Cardiff) 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.
Land and buildings - 4% on cost
Plant and machinery etc - 25% on cost and 15% on cost

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.

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 37 (2022 - 35 ) .

JMD Restaurants (Cardiff) Limited (Registered number: 03883298)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2022 2,525,274 426,719 2,951,993
Additions - 198,291 198,291
At 30 September 2023 2,525,274 625,010 3,150,284
DEPRECIATION
At 1 October 2022 860,787 331,648 1,192,435
Charge for year 42,647 8,138 50,785
At 30 September 2023 903,434 339,786 1,243,220
NET BOOK VALUE
At 30 September 2023 1,621,840 285,224 1,907,064
At 30 September 2022 1,664,487 95,071 1,759,558

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 13,251 189,910
Other debtors 531,606 587,723
544,857 777,633

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 150,000 200,000
Trade creditors 149,513 321,692
Amounts owed to group undertakings 58,786 8,786
Taxation and social security 155,628 167,509
Other creditors 131,471 210,902
645,398 908,889

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Amounts owed to group undertakings 98,000 98,000
Other creditors 130,000 130,000
228,000 228,000