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REGISTERED NUMBER: 05709706 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Estuary Restaurants Limited

Estuary Restaurants Limited (Registered number: 05709706)






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

Chartered Accountants' Report 9

Estuary Restaurants Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: D C Bailey





SECRETARY: Mrs. M Bailey





REGISTERED OFFICE: Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ





REGISTERED NUMBER: 05709706 (England and Wales)





ACCOUNTANTS: Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ

Estuary Restaurants Limited (Registered number: 05709706)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 685,355 588,688
685,355 588,688

CURRENT ASSETS
Stocks 33,000 30,000
Debtors 6 34,601 30,905
Cash at bank and in hand 1,088,083 914,885
1,155,684 975,790
CREDITORS
Amounts falling due within one year 7 407,854 337,213
NET CURRENT ASSETS 747,830 638,577
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,433,185

1,227,265

CREDITORS
Amounts falling due after more than one
year

8

(84,610

)

(22,389

)

PROVISIONS FOR LIABILITIES (30,138 ) (36,048 )
NET ASSETS 1,318,437 1,168,828

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 1,318,337 1,168,728
SHAREHOLDERS' FUNDS 1,318,437 1,168,828

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 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.

Estuary Restaurants Limited (Registered number: 05709706)

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 director and authorised for issue on 21 November 2024 and were signed by:





D C Bailey - Director


Estuary Restaurants Limited (Registered number: 05709706)

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

1. STATUTORY INFORMATION

Estuary 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.

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 represents the value of sales to customers, net of discounts, allowances, volume and promotional rebates and other payments to customers and excludes VAT. Sale of goods are recognised when the company has delivered product to the customer, the customer has accepted the products and collectability of the related receivable is reasonably assured.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - Over the period of the lease
Improvements to property - Over the period of the lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 64 (2023 - 64 ) .

Estuary Restaurants Limited (Registered number: 05709706)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 87,948
AMORTISATION
At 1 April 2023
and 31 March 2024 87,948
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 April 2023 549,010 333,336 315,267
Additions - 15,000 6,224
Disposals - (151,753 ) (96,008 )
At 31 March 2024 549,010 196,583 225,483
DEPRECIATION
At 1 April 2023 235,882 201,966 239,131
Charge for year 35,054 12,632 20,590
Eliminated on disposal - (150,351 ) (94,032 )
At 31 March 2024 270,936 64,247 165,689
NET BOOK VALUE
At 31 March 2024 278,074 132,336 59,794
At 31 March 2023 313,128 131,370 76,136

Estuary Restaurants Limited (Registered number: 05709706)

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

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 254,496 18,250 1,470,359
Additions 19,397 145,047 185,668
Disposals (84,838 ) - (332,599 )
At 31 March 2024 189,055 163,297 1,323,428
DEPRECIATION
At 1 April 2023 194,141 10,551 881,671
Charge for year 11,829 1,925 82,030
Eliminated on disposal (81,245 ) - (325,628 )
At 31 March 2024 124,725 12,476 638,073
NET BOOK VALUE
At 31 March 2024 64,330 150,821 685,355
At 31 March 2023 60,355 7,699 588,688

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 18,250
Additions 145,047
Transfer to ownership (18,250 )
At 31 March 2024 145,047
DEPRECIATION
At 1 April 2023 10,551
Charge for year 1,925
Transfer to ownership (12,476 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 145,047
At 31 March 2023 7,699

Estuary Restaurants Limited (Registered number: 05709706)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors - 2,000
Directors' current accounts 30,363 24,621
Prepayments 4,238 4,284
34,601 30,905

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 9) 33,867 3,680
Trade creditors 103,845 107,648
Taxation and social security 195,325 127,009
Other creditors 64,817 88,876
407,854 337,213

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 12,389 22,389
Hire purchase contracts (see note 9) 72,221 -
84,610 22,389

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 33,867 3,680
Between one and five years 72,221 -
106,088 3,680

Non-cancellable operating leases
31.3.24 31.3.23
£    £   
Within one year 54,012 54,012
Between one and five years 216,047 216,047
In more than five years 277,379 331,391
547,438 601,450

Estuary Restaurants Limited (Registered number: 05709706)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 22,389 32,389

The bank loan is secured by a fixed and floating charge over all assets of the company.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 ordinary £1 100 100

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
D C Bailey
Balance outstanding at start of year 24,621 26,018
Amounts advanced 107,542 102,653
Amounts repaid (101,800 ) (104,050 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30,363 24,621

The above loan was repaid in full within nine months and one day of the balance sheet date.

Interest on the above loan was calculated using HMRC's approved rates and is represented in the profit and loss account.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Estuary Restaurants Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Estuary Restaurants Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Estuary Restaurants Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Estuary Restaurants Limited and state those matters that we have agreed to state to the director of Estuary Restaurants Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Estuary Restaurants Limited and its director for our work or for this report.

It is your duty to ensure that Estuary Restaurants Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Estuary Restaurants Limited. You consider that Estuary Restaurants Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Estuary Restaurants Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ


21 November 2024