Fine Dining EIS Limited
Registered number: 07945353
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 418,750 456,250
Tangible assets 4 11,672 17,752
430,422 474,002
Current assets
Stocks 2,500 2,500
Debtors 5 55,461 63,205
Cash at bank and in hand 21,853 61,237
79,814 126,942
Creditors: amounts falling due within one year 6 (82,912) (180,516)
Net current liabilities (3,098) (53,574)
Total assets less current liabilities 427,324 420,428
Creditors: amounts falling due after more than one year 7 (387,491) (397,376)
Net assets 39,833 23,052
Capital and reserves
Called up share capital 100 100
Profit and loss account 39,733 22,952
Shareholders' funds 39,833 23,052
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Christou
Director
Approved by the board on 2 October 2024
Fine Dining EIS Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 9
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2023 750,000
At 29 February 2024 750,000
Amortisation
At 1 March 2023 293,750
Provided during the year 37,500
At 29 February 2024 331,250
Net book value
At 29 February 2024 418,750
At 28 February 2023 456,250
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 63,382
At 29 February 2024 63,382
Depreciation
At 1 March 2023 45,630
Charge for the year 6,080
At 29 February 2024 51,710
Net book value
At 29 February 2024 11,672
At 28 February 2023 17,752
5 Debtors 2024 2023
£ £
Trade debtors 21,082 29,943
Rent deposit 15,650 15,650
Other debtors 18,729 17,612
55,461 63,205
Amounts due after more than one year included above 15,650 15,650
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,648 10,648
Trade creditors 60,859 71,769
Corporation tax 1,687 -
Other taxes and social security costs 4,718 4,099
Associated company loans 5,000 94,000
82,912 180,516
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 12,491 22,376
Directors loan 375,000 375,000
387,491 397,376
8 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases - rent 380,215 414,780
9 Transactions with directors
As at 29 February 2024 the directors had loaned the company £375,000 (2023 - £375,000) and this is due for repayment in more than one year. No interest is payable on this loan.

Further loans were made by the directors associated companies, totalling £5,000 (2023 - £94,000) and this is shown as a loan due within one year.No interest is payable on this loan.
10 Controlling party
There is no ultimate controlling party. The company is owed 50% each by the directors G Christou and R Koppa.
11 Other information
Fine Dining EIS Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Old Court Mews
311 Chase Road
London
N14 6JS
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