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Company Registration No. 9287328 (England and Wales)
Ithica Bar and Restaurant Limited Unaudited accounts for the year ended 31 October 2024
Ithica Bar and Restaurant Limited Unaudited accounts Contents
Page
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Ithica Bar and Restaurant Limited Company Information for the year ended 31 October 2024
Director
Nikolaos Moumouris
Company Number
9287328 (England and Wales)
Registered Office
Jasmine Cottage Rowland Bakewell Derbyshire DE45 1NR
Accountants
Andrew B Sharkey Ltd Jasmine Cottage Rowland Bakewell Derbyshire DE45 1NR
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Ithica Bar and Restaurant Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
32,064 
31,166 
Current assets
Inventories
3,500 
3,500 
Cash at bank and in hand
337,050 
386,977 
340,550 
390,477 
Creditors: amounts falling due within one year
(21,886)
(46,011)
Net current assets
318,664 
344,466 
Net assets
350,728 
375,632 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
350,628 
375,532 
Shareholders' funds
350,728 
375,632 
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 12 February 2025 and were signed on its behalf by
Nikolaos Moumouris Director Company Registration No. 9287328
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Ithica Bar and Restaurant Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Ithica Bar and Restaurant Limited is a private company, limited by shares, registered in England and Wales, registration number 9287328. The registered office is Jasmine Cottage, Rowland, Bakewell, Derbyshire, DE45 1NR. The principal place of business is 1 The Quadrant, Buxton, Derbyshire, SK17 6AW.
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.
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 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:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Inventories
Inventories have been valued at the lower of cost net realisable value.
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Ithica Bar and Restaurant Limited Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2023
27,795 
16,395 
23,390 
67,580 
Additions
- 
- 
8,914 
8,914 
At 31 October 2024
27,795 
16,395 
32,304 
76,494 
Depreciation
At 1 November 2023
10,396 
13,358 
12,660 
36,414 
Charge for the year
3,480 
607 
3,929 
8,016 
At 31 October 2024
13,876 
13,965 
16,589 
44,430 
Net book value
At 31 October 2024
13,919 
2,430 
15,715 
32,064 
At 31 October 2023
17,399 
3,037 
10,730 
31,166 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
11,946 
18,293 
Trade creditors
2,125 
3,566 
Taxes and social security
6,915 
23,142 
Loans from directors
900 
1,010 
21,886 
46,011 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Average number of employees
During the year the average number of employees was 18 (2023: 16).
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