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Company Registration No. 12724163 (England and Wales)
MB Restaurant Group Ltd Unaudited accounts for the year ended 31 July 2024
MB Restaurant Group Ltd Unaudited accounts Contents
Page
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MB Restaurant Group Ltd Company Information for the year ended 31 July 2024
Directors
M Beveridge M Baylis
Company Number
12724163 (England and Wales)
Registered Office
Suite 2, Riverside Court Castle Street Barnstaple Devon EX31 1DR
Accountants
JD Accountants (South West) Ltd Suite 2, Riverside Court Castle Street Barnstaple Devon EX31 1DR
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MB Restaurant Group Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
183,996 
202,285 
Current assets
Inventories
12,250 
14,650 
Cash at bank and in hand
75,645 
39,557 
87,895 
54,207 
Creditors: amounts falling due within one year
(66,942)
(57,330)
Net current assets/(liabilities)
20,953 
(3,123)
Total assets less current liabilities
204,949 
199,162 
Creditors: amounts falling due after more than one year
(104,903)
(57,208)
Provisions for liabilities
Deferred tax
(38,034)
(32,408)
Net assets
62,012 
109,546 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
61,912 
109,446 
Shareholders' funds
62,012 
109,546 
For the year ending 31 July 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by
M Beveridge Director Company Registration No. 12724163
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MB Restaurant Group Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
MB Restaurant Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 12724163. The registered office is Suite 2, Riverside Court, Castle Street, Barnstaple, Devon, EX31 1DR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
14 Years Straight Line
Fixtures & fittings
10% Reducing Balance
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
52,000 
202,663 
254,663 
Additions
- 
9,332 
9,332 
Disposals
- 
(5,984)
(5,984)
At 31 July 2024
52,000 
206,011 
258,011 
Depreciation
At 1 August 2023
10,583 
41,795 
52,378 
Charge for the year
5,799 
16,701 
22,500 
On disposals
- 
(863)
(863)
At 31 July 2024
16,382 
57,633 
74,015 
Net book value
At 31 July 2024
35,618 
148,378 
183,996 
At 31 July 2023
41,417 
160,868 
202,285 
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MB Restaurant Group Ltd Notes to the Accounts for the year ended 31 July 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
42,531 
43,137 
Trade creditors
9,150 
8,333 
Other creditors
11,975 
992 
Loans from directors
1,831 
3,413 
Accruals
1,455 
1,455 
66,942 
57,330 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
47,426 
6,156 
Obligations under finance leases and hire purchase contracts
8,639 
12,214 
Other creditors
28,903 
28,903 
Loans from directors
19,935 
9,935 
104,903 
57,208 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 29 (2023: 29).
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