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Registered Number: 11148667
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 January 2024

for

MINGLES BAR AND RESTAURANT LTD

Director Rowland Hamilton
Registered Number 11148667
Registered Office 1 Peckham Park Road
Peckham
London
SE15 6TR
Accountants Brisk & Co
Chartered Certified Accountants
105 - 109 Sumatra Road
London
England
NW6 1PL
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 January 2024.
Principal activities
Principal activity of the company during the financial year was of a restaurant.
Director
The director who served the company throughout the year was as follows:
Rowland Hamilton
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Rowland Hamilton
Director

Date approved: 22 November 2024
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 13,569    8,180 
13,569    8,180 
Current assets      
Stocks 4 7,600    3,258 
Debtors 5 11,344    29,153 
Cash at bank and in hand 30,532    6,942 
49,476    39,353 
Creditors: amount falling due within one year 6 (58,124)   (24,828)
Net current assets (8,648)   14,525 
 
Total assets less current liabilities 4,921    22,705 
Creditors: amount falling due after more than one year 7 (54,257)   (86,957)
Net assets (49,336)   (64,252)
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account (49,436)   (64,352)
Shareholders' funds (49,336)   (64,252)
 


For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 22 November 2024 and were signed by:


-------------------------------
Rowland Hamilton
Director
3
General Information
Mingles Bar And Restaurant Ltd is a private company, limited by shares, registered in England and Wales, registration number 11148667, registration address 1 Peckham Park Road, Peckham, London, SE15 6TR.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of  trade discounts.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Taxation
Taxation represents the sum of tax currently payable. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Fixtures and Fittings 20 Reducing Balance
Computer Equipment 20% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 3).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 February 2023 8,990    10,458    1,845    21,293 
Additions 780    8,000      8,780 
Disposals      
At 31 January 2024 9,770    18,458    1,845    30,073 
Depreciation
At 01 February 2023 5,462    6,708    943    13,113 
Charge for year 861    2,350    180    3,391 
On disposals      
At 31 January 2024 6,323    9,058    1,123    16,504 
Net book values
Closing balance as at 31 January 2024 3,447    9,400    722    13,569 
Opening balance as at 01 February 2023 3,528    3,750    902    8,180 


4.

Stocks

2024
£
  2023
£
Closing Stock 7,600    3,258 
7,600    3,258 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Other Debtors 5,554    5,554 
Directors' Current Accounts   23,599 
5,554    29,153 
Other Debtors
Other debtors represented s455 charged on the director's loan account totalled £5,554 last year.

5.

Debtors: amounts falling due after one year

2024
£
  2023
£
Trade Debtors 5,790   
5,790   

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Barclaycard 490    303 
Bounce Back Loan 10,648    10,648 
Corporation Tax 12,794    4,578 
PAYE & Social Security 2,260    2,083 
Accrued Expenses   500 
Other Creditors 31,729    6,716 
Directors' Current Accounts 203   
58,124    24,828 
Other creditors
During the year other creditor's balance represents a loan from Funding Circle, 2024: £6,716 (2023: £6,716) and 365 Business Loan (2024: 21,528).

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bounce Back Loan 40,414    40,414 
Other Creditors 13,843    46,543 
54,257    86,957 
Other creditors
During the year other creditors' balance represents loans from Funding Circle 2024: £13,843 (2023: £18,042).

4