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REGISTERED NUMBER: 12179016 (England and Wales)















THE MEXICAN CANTINA COMPANY LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023






THE MEXICAN CANTINA COMPANY LTD (REGISTERED NUMBER: 12179016)

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


THE MEXICAN CANTINA COMPANY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







Director: B M Cahill Moreno





Registered office: 2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR





Registered number: 12179016 (England and Wales)





Accountants: Roberts & Co
Chartered Accountants
2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR

THE MEXICAN CANTINA COMPANY LTD (REGISTERED NUMBER: 12179016)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 65,483 59,413

Current assets
Stocks 12,914 19,535
Debtors 5 51,219 57,085
Cash at bank and in hand 4,497 26,727
68,630 103,347
Creditors
Amounts falling due within one year 6 381,226 252,941
Net current liabilities (312,596 ) (149,594 )
Total assets less current liabilities (247,113 ) (90,181 )

Creditors
Amounts falling due after more than one
year

7

16,667

26,667
Net liabilities (263,780 ) (116,848 )

Capital and reserves
Called up share capital 2 2
Retained earnings (263,782 ) (116,850 )
(263,780 ) (116,848 )

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 director acknowledges his 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 director and authorised for issue on 18 November 2024 and were signed by:





B M Cahill Moreno - Director


THE MEXICAN CANTINA COMPANY LTD (REGISTERED NUMBER: 12179016)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. Statutory information

The Mexican Cantina Company Ltd 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 - Straight line over lease term
Plant and machinery etc - 25% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
As at 30 September 2023, the Company balance sheet reports net liabilities of £263,780 (2021: £116,848 ). These accounts have been prepared on the going concern basis, on the basis that the directors will continue to financially support the Company until it reaches a solvent position.

3. Employees and directors

The average number of employees during the year was 17 (2022 - 24 ) .

THE MEXICAN CANTINA COMPANY LTD (REGISTERED NUMBER: 12179016)

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 16,134 107,187 123,321
Additions - 26,283 26,283
At 30 September 2023 16,134 133,470 149,604
Depreciation
At 1 October 2022 4,839 59,069 63,908
Charge for year 1,613 18,600 20,213
At 30 September 2023 6,452 77,669 84,121
Net book value
At 30 September 2023 9,682 55,801 65,483
At 30 September 2022 11,295 48,118 59,413

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 4,860 4,382
Other debtors 46,359 52,703
51,219 57,085

6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 61,045 53,630
Taxation and social security 24,256 32,288
Other creditors 285,925 157,023
381,226 252,941

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans 16,667 26,667