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Registered number: 07954547
Antica Roma Restaurant Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Devonports LAS Accountants Ltd
Cumberland House
24 - 28 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07954547
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,174 10,190
9,174 10,190
CURRENT ASSETS
Stocks 5 9,500 8,750
Debtors 6 11,366 7,420
Cash at bank and in hand 6,663 51,163
27,529 67,333
Creditors: Amounts Falling Due Within One Year 7 (23,697 ) (39,417 )
NET CURRENT ASSETS (LIABILITIES) 3,832 27,916
TOTAL ASSETS LESS CURRENT LIABILITIES 13,006 38,106
Creditors: Amounts Falling Due After More Than One Year 8 (9,196 ) (15,196 )
NET ASSETS 3,810 22,910
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 3,710 22,810
SHAREHOLDERS' FUNDS 3,810 22,910
Page 1
Page 2
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jose Nobrega
Director
29/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Antica Roma Restaurant Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07954547 . The registered office is Cumberland House, 24-28 Baxter Avenue, Southend-On-Sea, England, SS2 6HZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Fair Value
Plant & Machinery 20%
Computer Equipment 20%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 8)
8 8
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 3,417 22,948 398 26,763
As at 28 February 2024 3,417 22,948 398 26,763
Depreciation
As at 1 March 2023 - 16,352 221 16,573
Provided during the period - 990 26 1,016
As at 28 February 2024 - 17,342 247 17,589
Net Book Value
As at 28 February 2024 3,417 5,606 151 9,174
As at 1 March 2023 3,417 6,596 177 10,190
5. Stocks
2024 2023
£ £
Materials 9,500 8,750
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 1,420
Prepayments and accrued income 2,167 -
Other debtors 6,000 6,000
Directors' loan accounts 3,199 -
11,366 7,420
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,880 4,747
Bank loans and overdrafts 6,000 6,000
Other taxes and social security 432 3,435
VAT 6,663 8,419
Net wages 1,117 -
Other creditors - 63
Pensions 345 481
Accruals and deferred income 1,260 3,250
Directors' loan accounts - 13,022
23,697 39,417
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,196 15,196
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 28 February 2024
£ £ £ £ £
Mr Jose Nobrega - 1,600 - - 1,600
Mr Benvenuto Trastus - 1,599 - - 1,599
The above loan is unsecured, interest free and repayable on demand.
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