Registered number
11013224
The Royal Baths Chinese Restaurant Limited
Unaudited Filleted Accounts
31 October 2024
The Royal Baths Chinese Restaurant Limited
Registered number: 11013224
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 189,069 136,027
Current assets
Stocks 2,000 2,000
Debtors 4 236,962 266,258
Cash at bank and in hand 761,406 446,180
1,000,368 714,438
Creditors: amounts falling due within one year 5 (605,967) (442,717)
Net current assets 394,401 271,721
Total assets less current liabilities 583,470 407,748
Creditors: amounts falling due after more than one year 6 (38,862) (18,304)
Net assets 544,608 389,444
Capital and reserves
Called up share capital 100 100
Profit and loss account 544,508 389,344
Shareholder's funds 544,608 389,444
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms S Y Seck
Director
Approved by the board on 4 March 2025
The Royal Baths Chinese Restaurant Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings no depreciation provided
Fixtures, fittings, tools and equipment 15% per annum on cost
Motor vehicle over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 17 15
3 Tangible fixed assets
Land and buildings Fixtures and Fittings Motor vehicles Total
£ £ £ £
Cost
At 1 November 2023 100,000 94,863 - 194,863
Additions - 1,423 82,578 84,001
At 31 October 2024 100,000 96,286 82,578 278,864
Depreciation
At 1 November 2023 - 58,836 - 58,836
Charge for the year - 14,443 16,516 30,959
At 31 October 2024 - 73,279 16,516 89,795
Net book value
At 31 October 2024 100,000 23,007 66,062 189,069
At 31 October 2023 100,000 36,027 - 136,027
4 Debtors 2024 2023
£ £
Other debtors 236,962 266,258
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,613 10,869
Obligations under finance lease and hire purchase contracts 20,004 -
Trade creditors - 8,516
Taxation and social security costs 107,214 75,503
Other creditors 468,136 347,829
605,967 442,717
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 8,554 18,304
Obligations under finance lease and hire purchase contracts 30,308 -
38,862 18,304
7 Controlling party
The company is under the control of the director, Ms S Y Seck, by virtue of her shareholdings in the company.
8 Other information
The Royal Baths Chinese Restaurant Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 2, The Royal Baths
Central Hall, Crescent Road
Harrogate
North Yorkshire
HG1 2WJ
The Royal Baths Chinese Restaurant Limited 11013224 false 2023-11-01 2024-10-31 2024-10-31 VT Final Accounts July 2024 Ms S Y Seck No description of principal activity 11013224 2022-11-01 2023-10-31 11013224 core:WithinOneYear 2023-10-31 11013224 core:AfterOneYear 2023-10-31 11013224 core:ShareCapital 2023-10-31 11013224 core:RetainedEarningsAccumulatedLosses 2023-10-31 11013224 2023-11-01 2024-10-31 11013224 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11013224 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 11013224 bus:Director40 2023-11-01 2024-10-31 11013224 1 2023-11-01 2024-10-31 11013224 2 2023-11-01 2024-10-31 11013224 core:LandBuildings 2023-11-01 2024-10-31 11013224 core:PlantMachinery 2023-11-01 2024-10-31 11013224 core:Vehicles 2023-11-01 2024-10-31 11013224 countries:England 2023-11-01 2024-10-31 11013224 bus:FRS102 2023-11-01 2024-10-31 11013224 bus:FilletedAccounts 2023-11-01 2024-10-31 11013224 2024-10-31 11013224 core:WithinOneYear 2024-10-31 11013224 core:AfterOneYear 2024-10-31 11013224 core:ShareCapital 2024-10-31 11013224 core:RetainedEarningsAccumulatedLosses 2024-10-31 11013224 core:LandBuildings 2024-10-31 11013224 core:PlantMachinery 2024-10-31 11013224 core:Vehicles 2024-10-31 11013224 2023-10-31 11013224 core:LandBuildings 2023-10-31 11013224 core:PlantMachinery 2023-10-31 11013224 core:Vehicles 2023-10-31 iso4217:GBP xbrli:pure