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REGISTERED NUMBER: 12272326 (England and Wales)













Unaudited Financial Statements for the Year Ended 31 October 2024

for

Kinfayre Restaurant Co. Ltd

Kinfayre Restaurant Co. Ltd (Registered number: 12272326)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Kinfayre Restaurant Co. Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: H G Lloyd
J A Lloyd
B Price





REGISTERED OFFICE: Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS





REGISTERED NUMBER: 12272326 (England and Wales)





ACCOUNTANTS: Wilkes Tranter & Co Limited
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Kinfayre Restaurant Co. Ltd

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 Directors' Report 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 Kinfayre Restaurant Co. Ltd for the year ended 31 October 2024 which comprise the Profit and Loss Account, 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 Kinfayre Restaurant Co. Ltd, 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 Kinfayre Restaurant Co. Ltd and state those matters that we have agreed to state to the Board of Directors of Kinfayre Restaurant Co. Ltd, 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 Kinfayre Restaurant Co. Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kinfayre Restaurant Co. 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 loss of Kinfayre Restaurant Co. Ltd. You consider that Kinfayre Restaurant Co. 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 Kinfayre Restaurant Co. 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.






Wilkes Tranter & Co Limited
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS


25 February 2025

Kinfayre Restaurant Co. Ltd (Registered number: 12272326)

Balance Sheet
31 October 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 34,749 44,069

CURRENT ASSETS
Stocks 6,000 6,000
Debtors 5 4,297 3,005
Cash at bank and in hand 38,082 33,911
48,379 42,916
CREDITORS
Amounts falling due within one year 6 (209,004 ) (209,498 )
NET CURRENT LIABILITIES (160,625 ) (166,582 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(125,876

)

(122,513

)

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings (126,176 ) (122,813 )
(125,876 ) (122,513 )

Kinfayre Restaurant Co. Ltd (Registered number: 12272326)

Balance Sheet - continued
31 October 2024


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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:




H G Lloyd - Director J A Lloyd - Director




B Price - Director


Kinfayre Restaurant Co. Ltd (Registered number: 12272326)

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

1. STATUTORY INFORMATION

Kinfayre Restaurant Co. Ltd 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.

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.
Improvements to property - Straight line over 10 years
Fixtures and fittings - Straight line over 3 years
Computer equipment - Straight line over 3 years

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 Profit and Loss Account, 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.

Kinfayre Restaurant Co. Ltd (Registered number: 12272326)

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

2. ACCOUNTING POLICIES - continued

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.

Going concern
At 31 October 2024 there were net current liabilities and a deficiency of assets of £125,876 (2023 - £122,513) The company is dependant upon the continued financial support of the directors. It is understood that this support will continue. On this basis the director considers it appropriate to prepare financial statements on a going concern basis. These financial statements do not include any adjustments which would arise if the accounts had not been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 November 2023 55,028 111,963 2,371 169,362
Additions - 4,684 - 4,684
Disposals - - (855 ) (855 )
At 31 October 2024 55,028 116,647 1,516 173,191
DEPRECIATION
At 1 November 2023 19,996 103,775 1,522 125,293
Charge for year 5,503 7,735 136 13,374
Eliminated on disposal - - (225 ) (225 )
At 31 October 2024 25,499 111,510 1,433 138,442
NET BOOK VALUE
At 31 October 2024 29,529 5,137 83 34,749
At 31 October 2023 35,032 8,188 849 44,069

Kinfayre Restaurant Co. Ltd (Registered number: 12272326)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,442 837
Other debtors 1,855 2,168
4,297 3,005

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 22,087 17,145
Amounts owed to group undertakings 155,138 160,638
Taxation and social security 18,529 16,634
Other creditors 13,250 15,081
209,004 209,498