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REGISTERED NUMBER: 11262661 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Hotaru Restaurant Limited

Hotaru Restaurant Limited (Registered number: 11262661)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hotaru Restaurant Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Ms Y Chang
Y F Pang





REGISTERED OFFICE: 145-147 Wandsworth High Street
London
SW18 4JB





REGISTERED NUMBER: 11262661 (England and Wales)





ACCOUNTANTS: L&W Chartered Certified Accountants
30 Charing Cross Road
London
London
WC2H 0DE

Hotaru Restaurant Limited (Registered number: 11262661)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,063 3,392

CURRENT ASSETS
Stocks 5 2,500 2,000
Debtors 6 160,108 167,444
Cash at bank and in hand 44,696 45,066
207,304 214,510
CREDITORS
Amounts falling due within one year 7 91,392 93,822
NET CURRENT ASSETS 115,912 120,688
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,975

124,080

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 127,875 123,980
SHAREHOLDERS' FUNDS 127,975 124,080

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Hotaru Restaurant Limited (Registered number: 11262661)

Balance Sheet - continued
31 March 2024


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 21 November 2024 and were signed on its behalf by:




Ms Y Chang - Director



Y F Pang - Director


Hotaru Restaurant Limited (Registered number: 11262661)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Hotaru Restaurant 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.

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.
Fixtures and fittings - 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.

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.

Hotaru Restaurant Limited (Registered number: 11262661)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023 4,130
Additions 9,668
At 31 March 2024 13,798
DEPRECIATION
At 1 April 2023 738
Charge for year 997
At 31 March 2024 1,735
NET BOOK VALUE
At 31 March 2024 12,063
At 31 March 2023 3,392

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks 2,500 2,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 150,409 157,500
Prepayments and accrued income 9,699 9,944
160,108 167,444

Hotaru Restaurant Limited (Registered number: 11262661)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 8) 14,068 22,625
Trade creditors 1,605 1,354
Tax 16,661 13,987
Social security and other taxes 1,170 1,314
VAT 13,049 13,298
Directors' current accounts 30,191 30,191
Accrued expenses 14,648 11,053
91,392 93,822

8. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 14,068 22,625

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary 100 100 100

10. RESERVES
Retained
earnings
£   

At 1 April 2023 123,980
Profit for the year 68,395
Dividends (64,500 )
At 31 March 2024 127,875