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Registered number: 12669026
Newcastle Restaurants Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Newton and Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12669026
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 10,074 20,148
Tangible Assets 5 60,900 115,324
70,974 135,472
CURRENT ASSETS
Stocks 6 10,000 10,320
Debtors 7 28,225 10,728
Cash at bank and in hand 1,914 9,415
40,139 30,463
Creditors: Amounts Falling Due Within One Year 8 (357,101 ) (304,948 )
NET CURRENT ASSETS (LIABILITIES) (316,962 ) (274,485 )
TOTAL ASSETS LESS CURRENT LIABILITIES (245,988 ) (139,013 )
NET LIABILITIES (245,988 ) (139,013 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (245,989 ) (139,014 )
SHAREHOLDERS' FUNDS (245,988) (139,013)
Page 1
Page 2
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.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Dushantha Alawattegama
Director
26/02/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Newcastle Restaurants Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12669026 . The registered office is Jarrow Business Centre, Viking Industrial Park, Jarrow, Tyne and Wear, NE32 3DT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 20% Reducing Balance
Plant & Machinery 15% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
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4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 50,370
As at 31 December 2024 50,370
Amortisation
As at 1 January 2024 30,222
Provided during the period 10,074
As at 31 December 2024 40,296
Net Book Value
As at 31 December 2024 10,074
As at 1 January 2024 20,148
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 January 2024 20,426 139,015 5,000 16,656 181,097
Additions 140 2,581 24,730 1,638 29,089
Disposals - (114,934 ) - - (114,934 )
As at 31 December 2024 20,566 26,662 29,730 18,294 95,252
Depreciation
As at 1 January 2024 7,879 50,254 1,000 6,640 65,773
Provided during the period 2,538 3,114 4,946 2,331 12,929
Disposals - (44,350 ) - - (44,350 )
As at 31 December 2024 10,417 9,018 5,946 8,971 34,352
Net Book Value
As at 31 December 2024 10,149 17,644 23,784 9,323 60,900
As at 1 January 2024 12,547 88,761 4,000 10,016 115,324
6. Stocks
2024 2023
£ £
Finished goods 10,000 10,320
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 78
Other debtors 261 10,650
VAT 977 -
Amounts owed by other participating interests 26,987 -
28,225 10,728
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 21,873 24,041
PAYE & Social Security (Current liabilities - creditors < 1 year) 5,808 5,496
VAT - 1,322
Wages Control Account (Current liabilities - creditors < 1 year) 7,893 11,122
Other creditors 500 50
Pension Control Account (Current liabilities - creditors < 1 year) 705 543
Director's loan account 112,187 20,024
Amounts owed to other participating interests 208,135 242,350
357,101 304,948
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Related Party Transactions
Tyne Bargains LimitedSame DirectorOwes £240918.98 to Tyne Bargains Limited

Tyne Bargains Limited

Same Director

Owes £240918.98 to Tyne Bargains Limited

TBSS LimitedSame DirectorOwes £1430.79 to TBSS Limited

TBSS Limited

Same Director

Owes £1430.79 to TBSS Limited

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