ODETTES RESTAURANT LIMITED Filleted Accounts Cover |
Company No. 06697045 | |||||||||
ODETTES RESTAURANT LIMITED Directors Report Registrar |
The Director presents his report and the accounts for the period ended 31 December 2024. | |||||||||
Principal activities | |||||||||
Director | |||||||||
The Director who served at any time during the period was as follows: | |||||||||
B.D. Williams | |||||||||
Signed on behalf of the board | |||||||||
B.D. Williams | |||||||||
Director | |||||||||
05 February 2025 |
ODETTES RESTAURANT LIMITED Balance Sheet Registrar |
at | ||||||||||
Company No. | Notes | 2024 | 2023 | |||||||
£ | £ | |||||||||
Fixed assets | ||||||||||
Intangible assets | 4 | |||||||||
Tangible assets | 5 | |||||||||
Current assets | ||||||||||
Stocks | 6 | |||||||||
Debtors | 7 | |||||||||
Cash at bank and in hand | ||||||||||
Creditors: Amount falling due within one year | 8 | ( | ( | |||||||
Net current (liabilities)/assets | ( | |||||||||
Total assets less current liabilities | ( | |||||||||
Creditors: Amounts falling due after more than one year | 9 | ( | ||||||||
Net (liabilities)/assets | ( | |||||||||
Capital and reserves | ||||||||||
Called up share capital | ||||||||||
Share premium account | 11 | |||||||||
Profit and loss account | 11 | ( | ||||||||
Total equity | ( | |||||||||
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on 05 February 2025 and signed on its behalf by: | ||||||||||
B.D. Williams | ||||||||||
Director | ||||||||||
05 February 2025 |
ODETTES RESTAURANT LIMITED Notes to the Accounts Registrar |
for the period ended 31 December 2024 | ||||||||||||||
1 | General information | |||||||||||||
ODETTES RESTAURANT LIMITED is a private company limited by shares and incorporated in England and Wales. | ||||||||||||||
Its registered number is: 06697045 | ||||||||||||||
Its registered office is: | ||||||||||||||
2 | Accounting policies | |||||||||||||
Turnover | ||||||||||||||
Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. | ||||||||||||||
Intangible fixed assets | ||||||||||||||
Tangible fixed assets and depreciation | ||||||||||||||
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. | ||||||||||||||
Leasehold land and buildings | ||||||||||||||
Plant and machinery | ||||||||||||||
Motor vehicles | ||||||||||||||
Furniture, fittings and equipment | ||||||||||||||
Taxation | ||||||||||||||
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. | ||||||||||||||
Trade and other debtors | ||||||||||||||
Trade and other creditors | ||||||||||||||
3 | Employees | |||||||||||||
2024 | 2023 | |||||||||||||
Number | Number | |||||||||||||
The average monthly number of employees (including directors) during the period: | ||||||||||||||
4 | Intangible fixed assets | |||||||||||||
Goodwill | Total | |||||||||||||
£ | £ | |||||||||||||
Cost | ||||||||||||||
At 1 October 2023 | ||||||||||||||
Disposals | ( | ( | ||||||||||||
At 31 December 2024 | ||||||||||||||
Amortisation and impairment | ||||||||||||||
Net book values | ||||||||||||||
At 31 December 2024 | ||||||||||||||
At 30 September 2023 | ||||||||||||||
5 | Tangible fixed assets | |||||||||||||
Land and buildings | Plant and machinery | Fixtures, fittings and equipment | Total | |||||||||||
£ | £ | £ | £ | |||||||||||
Cost or revaluation | ||||||||||||||
At 1 October 2023 | ||||||||||||||
Disposals | ( | ( | ( | ( | ||||||||||
At 31 December 2024 | ||||||||||||||
Depreciation | ||||||||||||||
At 1 October 2023 | ||||||||||||||
Disposals | ( | ( | ( | ( | ||||||||||
At 31 December 2024 | ||||||||||||||
Net book values | ||||||||||||||
At 31 December 2024 | ||||||||||||||
At 30 September 2023 | 229,403 | 11,209 | 21,648 | |||||||||||
6 | Stocks | |||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Raw materials and consumables | ||||||||||||||
7 | Debtors | |||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Trade debtors | ||||||||||||||
Other debtors | ||||||||||||||
8 | Creditors: | |||||||||||||
amounts falling due within one year | ||||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Bank loans and overdrafts | ||||||||||||||
Trade creditors | ||||||||||||||
Taxes and social security | ( | |||||||||||||
Loans from directors | ||||||||||||||
Other creditors | ||||||||||||||
Accruals and deferred income | ||||||||||||||
9 | Creditors: | |||||||||||||
amounts falling due after more than one year | ||||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Bank loans and overdrafts | ||||||||||||||
Other creditors | ||||||||||||||
10 | Share Capital | |||||||||||||
Share capital represents the nominal value of ordinary shares that have been issued and fully paid. | ||||||||||||||
11 | Reserves | |||||||||||||
12 | Related party disclosures | |||||||||||||
Transactions with related parties | ||||||||||||||
Odette’s (Real Estate) Ltd A company owned and controlled by Mr B Williams. As at 31st December 2024, Odette’s (Real Estate) Ltd owed Odette’s Restaurant, £Nil (2023 -£243,701.48). All loans are interest-free and repayable on demand. Bryn’s Kitchen Limited A company owned and controlled by Mr B Williams. As at 31st December 2024, Bryn’s Kitchen Limited owed Odette’s Restaurant, £Nil (2023 - £2,133). All loans are interest-free and repayable on demand. Bryn Williams Production Limited A company owned and controlled by Mr B Williams. As at 31st December 2024, £NIL (2023 - £Nil) is owed to Bryn Williams Production Ltd. All loans are interest-free and repayable on demand. During the period a management fee of £28,600 (2023- £57,200) was charged from Bryn Williams Production Ltd to Odette’s Restaurant Ltd. Bryn Williams Management Limited A company owned and controlled by Mr B Williams. As at 31st December 2024, £NIL (2023 - £NIL) is owed to Bryn Williams Management Ltd. All loans are interest-free and repayable on demand. Shell Restaurant Limited A company owned by Mr B Williams. As at 31st December 2024 £Nil (2023 - £12,000) is due to Odette’s Restaurant Ltd. All loans are interest-free and repayable on demand. | ||||||||||||||