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COMPANY REGISTRATION NUMBER: 4222205
Le Bistro (Doncaster) Ltd
Filleted Unaudited Financial Statements
31 December 2024
Le Bistro (Doncaster) Ltd
Financial Statements
Year ended 31 December 2024
Contents
Pages
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2 to 3
Notes to the financial statements
4 to 6
Le Bistro (Doncaster) Ltd
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Le Bistro (Doncaster) Ltd
Year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Le Bistro (Doncaster) Ltd for the year ended 31 December 2024, which comprise the statement of financial position 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 at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Le Bistro (Doncaster) Ltd, as a body, in accordance with the terms of our engagement letter dated 24 May 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Le Bistro (Doncaster) Ltd and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Le Bistro (Doncaster) Ltd and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Le Bistro (Doncaster) Ltd 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 Le Bistro (Doncaster) Ltd. You consider that Le Bistro (Doncaster) Ltd 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 Le Bistro (Doncaster) Ltd. 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.
HEBBLETHWAITES Chartered Accountants
2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ
10 March 2025
Le Bistro (Doncaster) Ltd
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
1,000,000
850,000
Current assets
Debtors
5
1,392
1,494
Cash at bank and in hand
4,841
7,196
-------
-------
6,233
8,690
Creditors: amounts falling due within one year
6
181,012
167,622
---------
---------
Net current liabilities
174,779
158,932
------------
---------
Total assets less current liabilities
825,221
691,068
Creditors: amounts falling due after more than one year
7
2,834
9,634
Provisions
Taxation including deferred tax
133,786
96,286
---------
---------
Net assets
688,601
585,148
---------
---------
Le Bistro (Doncaster) Ltd
Statement of Financial Position (continued)
31 December 2024
2024
2023
Note
£
£
Capital and reserves
Called up share capital
300
300
Fair value revaluation reserve
513,783
401,283
Profit and loss account
174,518
183,565
---------
---------
Shareholders funds
688,601
585,148
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 7 March 2025 , and are signed on behalf of the board by:
Mr P Moullali
Director
Company registration number: 4222205
Le Bistro (Doncaster) Ltd
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is c/o Hebblethwaites, 2 Westbrook Court, Sharrow Vale Road, Sheffield, S11 8YZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of management, there are no areas of judgement or key sources of estimation uncertainty that have a significant effect on the financial statements, other than those highlighted below.
Revenue recognition
Turnover in the accounts relates to amounts charged to customers, net of VAT.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Tangible assets
Investment Property
£
Cost or valuation
At 1 January 2024
850,000
Revaluations
150,000
------------
At 31 December 2024
1,000,000
------------
Depreciation
At 1 January 2024 and 31 December 2024
------------
Carrying amount
At 31 December 2024
1,000,000
------------
At 31 December 2023
850,000
------------
The directors have reviewed the value of the investment property at the year end, carried at a cost of £352,431 and a brought forward carrying value of £850,000. Having considered the open market value of the property, the carrying value has been increased to £1 million as at 31 December 2024. The value will be kept under review.
5. Debtors
2024
2023
£
£
Other debtors
1,392
1,494
-------
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
6,799
6,799
Social security and other taxes
3,182
3,182
Other creditors
171,031
157,641
---------
---------
181,012
167,622
---------
---------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
2,834
9,634
-------
-------
The company has borrowed £34,000 under the Government's Covid pandemic bounce back loan scheme.
This loan is repayable within 6 years from May 2020, with no repayments due for the first 12 months.
Interest of 2.5% is payable monthly, in arrears, on this loan; the Government covered the first 12 months interest charge.
The Government acts as guarantor to the lender for this loan.
8. Related party transactions
An inter-company loan account exists as between this company and Relish (Doncaster) Ltd, the latter being a company under common ownership and control. At the start of the year, on 1 January 2024, Le Bistro (Doncaster) Ltd was indebted to Relish (Doncaster) Ltd, in this regard, in the sum of £154,896. As a result of further transactions during the year, Le Bistro (Doncaster) Ltd is indebted to Relish (Doncaster) Ltd as at 31 December 2024, in the sum of £168,531. The balance is unsecured with no formal terms for repayment and is on an interest free arrangement.