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REGISTERED NUMBER: 13068559 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ABERFORD RESTAURANT LTD

ABERFORD RESTAURANT LTD (REGISTERED NUMBER: 13068559)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

ABERFORD RESTAURANT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Ms M Zeneli





REGISTERED OFFICE: 47A Oatlands Road
Enfield
Middlesex
EN3 5LL





REGISTERED NUMBER: 13068559 (England and Wales)





ACCOUNTANTS: Chris Skarparis & Co Ltd
Chartered Accountants
2nd Floor
10(b) Aldermans Hill
Palmers Green
London
N13 4PJ

ABERFORD RESTAURANT LTD (REGISTERED NUMBER: 13068559)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 595 -
Tangible assets 5 80,896 48,923
81,491 48,923

CURRENT ASSETS
Stocks 6 11,400 10,500
Debtors 7 1,627 1,625
Cash at bank 3,449 693
16,476 12,818
CREDITORS
Amounts falling due within one year 8 5,526 1,931
NET CURRENT ASSETS 10,950 10,887
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,441

59,810

CREDITORS
Amounts falling due after more than one
year

9

157,000

110,000
NET LIABILITIES (64,559 ) (50,190 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 (64,659 ) (50,290 )
SHAREHOLDERS' FUNDS (64,559 ) (50,190 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

ABERFORD RESTAURANT LTD (REGISTERED NUMBER: 13068559)

BALANCE SHEET - continued
31 DECEMBER 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 director and authorised for issue on 6 September 2024 and were signed by:





Ms M Zeneli - Director


ABERFORD RESTAURANT LTD (REGISTERED NUMBER: 13068559)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Aberford Restaurant Ltd is a private company, limited by shares, registered in England and Wales.The company 's registered number is 13068559 and registered office address is 47A Oatland Road, Enfield, Middlesex, EN3 5LL.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% 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.

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.

ABERFORD RESTAURANT LTD (REGISTERED NUMBER: 13068559)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Going concern
The directors have considered the working capital position of the company and future working capital
requirements, including any impact from the ongoing conflict in Ukraine and the high rate of interest in the UK and are satisfied that the company will be able to meet its liabilities as they fall due for a period of not less than one year from date of approval of these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 783
At 31 December 2023 783
AMORTISATION
Charge for year 188
At 31 December 2023 188
NET BOOK VALUE
At 31 December 2023 595

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 54,902
Additions 41,060
At 31 December 2023 95,962
DEPRECIATION
At 1 January 2023 5,979
Charge for year 9,087
At 31 December 2023 15,066
NET BOOK VALUE
At 31 December 2023 80,896
At 31 December 2022 48,923

6. STOCKS
31.12.23 31.12.22
£    £   
Stocks 11,400 10,500

ABERFORD RESTAURANT LTD (REGISTERED NUMBER: 13068559)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 2 -

Amounts falling due after more than one year:
Rent deposit 1,625 1,625

Aggregate amounts 1,627 1,625

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 1 -
Social security and other taxes 2,850 (191 )
Pension (109 ) -
VAT 1,960 1,656
Directors' current accounts 824 466
5,526 1,931

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Directors' loan accounts 157,000 110,000

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary 1 100 100

11. RESERVES
Retained
earnings
£   

At 1 January 2023 (50,290 )
Deficit for the year (14,369 )
At 31 December 2023 (64,659 )

12. RELATED PARTY DISCLOSURES

Included in Creditors - amounts falling due more than one year is a loan of £157,000 (2022-£110,000) due to the Director. This loan is recognised at transaction price. The loan is interest free and repayable on demand.

ABERFORD RESTAURANT LTD (REGISTERED NUMBER: 13068559)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

13. GOING CONCERN

The Financial Statements have been prepared on a going concern basis. The company has Net Liabilities of £64,559 ( 2022 : £50,190).

The director has restructured the business and is confident that in the future the results will improve, strengthening the company's Balance Sheet. The director has also provided assurances that she will continue supporting the company.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ABERFORD RESTAURANT LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.


In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's director, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's director that we have done so, and state those matters that we have agreed to state to her in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's director, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 31 December 2023 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






Chris Skarparis & Co Ltd
Chartered Accountants
2nd Floor
10(b) Aldermans Hill
Palmers Green
London
N13 4PJ


6 September 2024