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REGISTERED NUMBER: 12949991 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Santiago Restaurant and Wholesale
Limited

Santiago Restaurant and Wholesale
Limited (Registered number: 12949991)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Santiago Restaurant and Wholesale
Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: J M Tobias
Mrs S Tobias





REGISTERED OFFICE: 1 Swan Street
Wilmslow
Cheshire
SK9 1HF





REGISTERED NUMBER: 12949991 (England and Wales)





ACCOUNTANTS: Langricks Limited
1 Swan Street
Wilmslow
Cheshire
SK9 1HF

Santiago Restaurant and Wholesale
Limited (Registered number: 12949991)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 146,604 170,110

CURRENT ASSETS
Stocks 30,871 30,652
Debtors 5 77,795 19,722
Cash at bank 59,186 26,069
167,852 76,443
CREDITORS
Amounts falling due within one year 6 (200,043 ) (217,775 )
NET CURRENT LIABILITIES (32,191 ) (141,332 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

114,413

28,778

CREDITORS
Amounts falling due after more than one
year

7

(6,030

)

(12,060

)

PROVISIONS FOR LIABILITIES (28,538 ) (4,250 )
NET ASSETS 79,845 12,468

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 79,745 12,368
79,845 12,468

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Santiago Restaurant and Wholesale
Limited (Registered number: 12949991)

Balance Sheet - continued
31 October 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 Board of Directors and authorised for issue on 5 March 2025 and were signed on its behalf by:





J M Tobias - Director


Santiago Restaurant and Wholesale
Limited (Registered number: 12949991)

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

1. STATUTORY INFORMATION

Santiago Restaurant and Wholesale 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
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.

Santiago Restaurant and Wholesale
Limited (Registered number: 12949991)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 234,406
Additions 8,564
At 31 October 2024 242,970
DEPRECIATION
At 1 November 2023 64,296
Charge for year 32,070
At 31 October 2024 96,366
NET BOOK VALUE
At 31 October 2024 146,604
At 31 October 2023 170,110

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Amounts owed by group undertakings 72,762 10,180
Other debtors 5,033 9,542
77,795 19,722

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 19,193 2,991
Taxation and social security 47,332 42,813
Other creditors 133,518 171,971
200,043 217,775

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Other creditors 6,030 12,060

Santiago Restaurant and Wholesale
Limited (Registered number: 12949991)

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

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.10.24 31.10.23
£    £   
Within one year 59,950 56,950
Between one and five years 240,745 240,695
In more than five years 30,000 70,000
330,695 367,645

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Santiago Restaurant and Wholesale
Limited

The following reproduces the text of the report prepared for the directors 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 Income Statement and certain other primary statements and the Report of the Directors 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 Santiago Restaurant and Wholesale Limited for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet 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 Board of Directors of Santiago Restaurant and Wholesale Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Santiago Restaurant and Wholesale Limited and state those matters that we have agreed to state to the Board of Directors of Santiago Restaurant and Wholesale Limited, as a body, 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 Santiago Restaurant and Wholesale Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Santiago Restaurant and Wholesale 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 Santiago Restaurant and Wholesale Limited. You consider that Santiago Restaurant and Wholesale 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 Santiago Restaurant and Wholesale 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.






Langricks Limited
1 Swan Street
Wilmslow
Cheshire
SK9 1HF


5 March 2025