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Company Registration No. 13396087 (England and Wales)
Abel Restaurant Ltd Unaudited accounts for the year ended 31 March 2024
Abel Restaurant Ltd Unaudited accounts Contents
Page
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Abel Restaurant Ltd Company Information for the year ended 31 March 2024
Director
Abia Aaron
Company Number
13396087 (England and Wales)
Registered Office
38 Southwick Street London W2 1JQ ENGLAND
Accountants
ALS Accountancy 53 Gowan Avenue Fulham London SW6 6RH
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Abel Restaurant Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
80,984 
67,974 
Current assets
Inventories
21,300 
17,800 
Debtors
3,480 
11,478 
Cash at bank and in hand
567 
10 
25,347 
29,288 
Creditors: amounts falling due within one year
(344,639)
(121,443)
Net current liabilities
(319,292)
(92,155)
Total assets less current liabilities
(238,308)
(24,181)
Creditors: amounts falling due after more than one year
(2,910)
(87,193)
Net liabilities
(241,218)
(111,374)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(241,318)
(111,474)
Shareholders' funds
(241,218)
(111,374)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 April 2024 and were signed on its behalf by
Abia Aaron Director Company Registration No. 13396087
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Abel Restaurant Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Abel Restaurant Ltd is a private company, limited by shares, registered in England and Wales, registration number 13396087. The registered office is 38 Southwick Street, London, W2 1JQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25%
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2023
81,300 
Additions
34,223 
At 31 March 2024
115,523 
Depreciation
At 1 April 2023
13,326 
Charge for the year
21,213 
At 31 March 2024
34,539 
Net book value
At 31 March 2024
80,984 
At 31 March 2023
67,974 
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Abel Restaurant Ltd Notes to the Accounts for the year ended 31 March 2024
5
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
96,000 
80,500 
Later than one year and not later than five years
384,000 
384,000 
Later than five years
1,344,000 
1,440,000 
1,824,000 
1,904,500 
6
Transactions with related parties
The company has taken advantage of exemption , under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland ", not to disclose related party transactions with wholly owned subsidiaries within the group.
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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