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REGISTERED NUMBER: 13813660 (England and Wales)















MARMALADE RESTAURANTS LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2023






MARMALADE RESTAURANTS LIMITED (REGISTERED NUMBER: 13813660)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


MARMALADE RESTAURANTS LIMITED

Company Information
for the year ended 31 December 2023







Directors: L Wilder
J H V Wilder





Registered office: C/O Cooper Parry
Sky View, Argosy Road
East Midlands Airport, Castle Donington
Derby
Derbyshire
DE74 2SA





Registered number: 13813660 (England and Wales)





Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
4th Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

MARMALADE RESTAURANTS LIMITED (REGISTERED NUMBER: 13813660)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 13,380 6,554
Investments 5 1,250 1,250
14,630 7,804

Current assets
Stocks 6 22,329 29,626
Debtors 7 60,471 44,240
Cash at bank and in hand 676,110 481,065
758,910 554,931
Creditors
Amounts falling due within one year 8 634,091 568,256
Net current assets/(liabilities) 124,819 (13,325 )
Total assets less current liabilities 139,449 (5,521 )

Provisions for liabilities 9 2,764 -
Net assets/(liabilities) 136,685 (5,521 )

Capital and reserves
Called up share capital 10 100 100
Retained earnings 136,585 (5,621 )
Shareholders' funds 136,685 (5,521 )

MARMALADE RESTAURANTS LIMITED (REGISTERED NUMBER: 13813660)

Balance Sheet - continued
31 December 2023


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 directors acknowledge their 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 Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by:





L Wilder - Director


MARMALADE RESTAURANTS LIMITED (REGISTERED NUMBER: 13813660)

Notes to the Financial Statements
for the year ended 31 December 2023

1. Statutory information

Marmalade Restaurants Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risk and rewards of ownership have transferred to the buyer; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity: and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 5% on cost
Restaurant equipment - 50% on cost, 15% on cost and 10% on cost
Office equipment - 25% on cost and 20% on cost

Cash at bank and in hand
Cash at bank and in hand are basic financial assets comprising of cash in hand, demand deposits with bank, other short-term liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within current liabilities.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Fixed asset investments
Investments held as fixed assets are stated at cost less any provisions for impairment. Investments are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairments are calculated such that the carrying value of the fixed asset investment is the lower of its cost or recoverable amount.

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.


MARMALADE RESTAURANTS LIMITED (REGISTERED NUMBER: 13813660)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. Accounting policies - continued
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.

Operating leases
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.

MARMALADE RESTAURANTS LIMITED (REGISTERED NUMBER: 13813660)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. Accounting policies - continued

Financial instruments
The Company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

For financial assets measured at amortised cost, the impairment cost is measured at the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the assets effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

Finance costs
Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Dividends
Equity dividends are recognised when they legally become payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Judgements in applying accounting policies and key sources of estimation uncertainty
In the process of applying the company's accounting policies, management are required to make certain estimates and judgements. The key estimates and judgements are as follows:

Depreciation and residual values
The director has reviewed the asset lives and associated residual values of all fixed asset classes, and has concluded that asset lives and residual values are appropriate.

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.Prior impairments are also reviewed for possible reversal at each reporting date.

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

3. Employees and directors

The average number of employees during the year was 90 (2022 - 68 ) .

MARMALADE RESTAURANTS LIMITED (REGISTERED NUMBER: 13813660)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. Tangible fixed assets
Short Restaurant Office
leasehold equipment equipment Totals
£ £ £ £
Cost
At 1 January 2023 2,534 - 4,531 7,065
Additions - 6,937 1,923 8,860
At 31 December 2023 2,534 6,937 6,454 15,925
Depreciation
At 1 January 2023 84 - 427 511
Charge for year 127 828 1,079 2,034
At 31 December 2023 211 828 1,506 2,545
Net book value
At 31 December 2023 2,323 6,109 4,948 13,380
At 31 December 2022 2,450 - 4,104 6,554

5. Fixed asset investments
Unlisted
investments
£
Cost
At 1 January 2023
and 31 December 2023 1,250
Net book value
At 31 December 2023 1,250
At 31 December 2022 1,250

Fixed asset investments consists of 1,250 (2022 - 1,250) ordinary shares of £1 each in Fries Holding Company Limited, a company registered in Guernsey. The investments are included in the accounts at cost.

6. Stocks
2023 2022
£ £
Food 15,510 20,439
Paper 4,741 5,815
Non-product 2,078 3,372
22,329 29,626

7. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 5,512 808
Other debtors 30,933 30,323
Deferred tax asset - 920
Prepayments 24,026 12,189
60,471 44,240

MARMALADE RESTAURANTS LIMITED (REGISTERED NUMBER: 13813660)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

8. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 96,444 91,403
Corporation tax 39,638 -
Social security and other taxes 15,313 10,274
Value added tax 154,629 145,835
Other creditors 106,477 43,085
Directors' current accounts 186,264 186,434
Accrued expenses 35,326 91,225
634,091 568,256

9. Provisions for liabilities
2023
£
Deferred tax 2,764

Deferred tax
£
Balance at 1 January 2023 (920 )
Charge to Income Statement during year 3,684
Balance at 31 December 2023 2,764

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
99 Ordinary A £1 99 99
1 Ordinary B £1 1 1
100 100