Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31The company's principal actvity is that of running a restaurant.2023-02-0137The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false47falsetruefalse 03683288 2023-02-01 2024-01-31 03683288 2022-04-20 2023-01-31 03683288 2024-01-31 03683288 2023-01-31 03683288 2022-04-20 03683288 c:CompanySecretary1 2023-02-01 2024-01-31 03683288 c:Director2 2023-02-01 2024-01-31 03683288 c:Director3 2023-02-01 2024-01-31 03683288 c:Director4 2023-02-01 2024-01-31 03683288 c:RegisteredOffice 2023-02-01 2024-01-31 03683288 d:Buildings 2023-02-01 2024-01-31 03683288 d:Buildings 2024-01-31 03683288 d:Buildings 2023-01-31 03683288 d:Buildings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 03683288 d:Buildings d:LongLeaseholdAssets 2023-02-01 2024-01-31 03683288 d:MotorVehicles 2023-02-01 2024-01-31 03683288 d:MotorVehicles 2024-01-31 03683288 d:MotorVehicles 2023-01-31 03683288 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 03683288 d:FurnitureFittings 2023-02-01 2024-01-31 03683288 d:FurnitureFittings 2024-01-31 03683288 d:FurnitureFittings 2023-01-31 03683288 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 03683288 d:ComputerEquipment 2023-02-01 2024-01-31 03683288 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 03683288 d:Goodwill 2024-01-31 03683288 d:Goodwill 2023-01-31 03683288 d:CurrentFinancialInstruments 2024-01-31 03683288 d:CurrentFinancialInstruments 2023-01-31 03683288 d:Non-currentFinancialInstruments 2024-01-31 03683288 d:Non-currentFinancialInstruments 2023-01-31 03683288 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 03683288 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 03683288 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 03683288 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 03683288 d:ShareCapital 2024-01-31 03683288 d:ShareCapital 2023-01-31 03683288 d:RevaluationReserve 2023-02-01 2024-01-31 03683288 d:RevaluationReserve 2024-01-31 03683288 d:RevaluationReserve 2023-01-31 03683288 d:RetainedEarningsAccumulatedLosses 2024-01-31 03683288 d:RetainedEarningsAccumulatedLosses 2023-01-31 03683288 c:FRS102 2023-02-01 2024-01-31 03683288 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 03683288 c:FullAccounts 2023-02-01 2024-01-31 03683288 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 03683288 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 03683288 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 03683288 d:TaxLossesCarry-forwardsDeferredTax 2024-01-31 03683288 d:TaxLossesCarry-forwardsDeferredTax 2023-01-31 03683288 2 2023-02-01 2024-01-31 03683288 4 2023-02-01 2024-01-31 03683288 6 2023-02-01 2024-01-31 03683288 7 2023-02-01 2024-01-31 03683288 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 03683288










ANGLIA RESTAURANTS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
ANGLIA RESTAURANTS LTD
 
 
COMPANY INFORMATION


Directors
Mrs M A Williams 
Mr M Williams 
Miss M Readman 




Company secretary
Mrs M A Williams



Registered number
03683288



Registered office
107 Salhouse Road

Norwich

Norfolk

NR7 9AW




Accountants
Larking Gowen LLP
Chartered Accountants

80 Grove Lane

Holt

Norfolk

NR25 6ED





 
ANGLIA RESTAURANTS LTD
REGISTERED NUMBER: 03683288

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
947,759
965,281

  
947,759
965,281

Current assets
  

Stocks
  
17,271
15,220

Debtors
 6 
915,819
622,044

Cash at bank and in hand
  
5,935,308
13,569,561

  
6,868,398
14,206,825

Creditors: amounts falling due within one year
 7 
(446,141)
(2,091,270)

Net current assets
  
 
 
6,422,257
 
 
12,115,555

Total assets less current liabilities
  
7,370,016
13,080,836

Creditors: amounts falling due after more than one year
 8 
-
(3,852)

Provisions for liabilities
  

Deferred tax
 9 
(40,488)
(44,678)

  
 
 
(40,488)
 
 
(44,678)

Net assets
  
7,329,528
13,032,306


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
 10 
239,419
246,181

Profit and loss account
 10 
7,090,009
12,786,025

  
7,329,528
13,032,306


Page 1

 
ANGLIA RESTAURANTS LTD
REGISTERED NUMBER: 03683288
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr M Williams
Director

Date: 31 October 2024


The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
ANGLIA RESTAURANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Anglia Restaurants Ltd is a private company limited by shares, incorporated in England and Wales, registration number 03683288. The registered office is 107 Salhouse Road, Norwich, Norfolk, NR7 9AW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 3

 
ANGLIA RESTAURANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, and is provided on the following basis:


Freehold property
-
2%
Straight line
Long-term leasehold property
-
10%
Straight line
Motor vehicles
-
25%
Reducing balance
Fixtures and fittings
-
15%
Reducing balance
Computer equipment
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Under FRS102 35.10, management elected to use a previous revaluation of their leasehold property at the date of transition as its deemed cost at the revaluation date.

 
2.5

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each reporting date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each reporting date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 4

 
ANGLIA RESTAURANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 5

 
ANGLIA RESTAURANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.12

Finance costs

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the actual interest method.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

 
2.14

Operating leases: Lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.15

Leased assets: Lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.16

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.17

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the reporting date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the reporting date.

 
2.18

Interest income

Interest income is recognised in the Statement of Comprehensive Income using the actual interest method.

Page 6

 
ANGLIA RESTAURANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.19

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.20

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.21

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

Page 7

 
ANGLIA RESTAURANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 37 (2023 - 47).

2024
2023
£
£



Profit / (loss) on disposal of investment in subsidiary
-
(10,524)

Impairment of tangible assets
-
(491)

Redundancy costs
-
(43,506)

-
(54,521)


4.


Intangible assets




Goodwill

£



Cost


At 1 February 2023
288,689



At 31 January 2024

288,689



Amortisation


At 1 February 2023
288,689



At 31 January 2024

288,689



Net book value



At 31 January 2024
-



At 31 January 2023
-



Page 8

 
ANGLIA RESTAURANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Tangible fixed assets





Freehold property
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 February 2023
925,912
157,164
275,265
1,358,341


Additions
-
41,183
6,938
48,121


Disposals
-
(53,946)
10,201
(43,745)



At 31 January 2024

925,912
144,401
292,404
1,362,717



Depreciation


At 1 February 2023
140,882
76,631
175,547
393,060


Charge for the year on owned assets
12,120
27,521
16,288
55,929


Disposals
-
(42,302)
8,271
(34,031)



At 31 January 2024

153,002
61,850
200,106
414,958



Net book value



At 31 January 2024
772,910
82,551
92,298
947,759



At 31 January 2023
785,030
80,533
99,718
965,281


Freehold properties were revalued, on transition to FRS 102, using an open market existing use basis on 31 July 2015 by external valuer Lambert Smith Hampton in accordance with the Royal Institute of Chartered Surveyors Valuation - Professional Standards UK January 2014 (revised April 2015). The properties were valued in accordance with the guidance on trade related property having regard to the trading potential and not floor area.

If the freehold properties had not been included at valuation they would have been included under the historical cost convention as follows:

2024
2023
£
£



Historical cost equivalent
621,630
621,630

Accumulated depreciation
(90,673)
(85,041)

Net book value
530,957
536,589


Page 9

 
ANGLIA RESTAURANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
20,000
20,000

20,000
20,000

Due within one year

Trade debtors
208
1,902

Other debtors
865,161
561,047

Prepayments and accrued income
30,450
39,095

915,819
622,044



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
55,431
60,579

Corporation tax
129,622
23,040

Other taxation and social security
63,837
38,660

Obligations under finance lease and hire purchase contracts
-
3,852

Other creditors
138,786
1,849,454

Accruals and deferred income
58,465
115,685

446,141
2,091,270


Net obligations under hire purchase contracts are secured against the assets to which they relate. 


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
-
3,852

-
3,852


Net obligations under hire purchase contracts are secured against the assets to which they relate. 

Page 10

 
ANGLIA RESTAURANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

9.


Deferred taxation




2024
2023


£

£






At beginning of year
(44,678)
(45,871)


Charged to profit or loss
4,190
1,193



At end of year
(40,488)
(44,678)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(38,429)
(42,619)

Capital gains
(2,059)
(2,059)

(40,488)
(44,678)


10.


Reserves

Revaluation reserve

The revaluation reserve includes all current and prior period gains and losses on property fair value revaluations net of deferred tax.


11.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £7,786 (2023 - £6,610). No No contributions totalling were payable to the fund at the reporting date (2023 - £1,334). 

 
Page 11