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REGISTERED NUMBER: SC758723 (Scotland)















TALLA NA MARA RESTAURANT LIMITED

Financial Statements

for the Period 13 February 2023 to 28 February 2024






TALLA NA MARA RESTAURANT LIMITED (REGISTERED NUMBER: SC758723)






Contents of the Financial Statements
for the Period 13 February 2023 to 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TALLA NA MARA RESTAURANT LIMITED

Company Information
for the Period 13 February 2023 to 28 February 2024







DIRECTORS: R Macdonald
N I Mackay





SECRETARY:





REGISTERED OFFICE: Talla Na Mara
Pairc Niseaboist
Isle Of Harris
United Kingdom
HS3 3AE





REGISTERED NUMBER: SC758723 (Scotland)





ACCOUNTANTS: Mann Judd Gordon Ltd
Chartered Accountants
26 Lewis Street
Stornoway
Isle of Lewis
HS1 2JF

TALLA NA MARA RESTAURANT LIMITED (REGISTERED NUMBER: SC758723)

Balance Sheet
28 February 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 22,222

CURRENT ASSETS
Stocks 750
Debtors 5 1,963
Cash at bank 16,124
18,837
CREDITORS
Amounts falling due within one year 6 63,402
NET CURRENT LIABILITIES (44,565 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(22,343

)

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings (22,344 )
(22,343 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by:





R Macdonald - Director


TALLA NA MARA RESTAURANT LIMITED (REGISTERED NUMBER: SC758723)

Notes to the Financial Statements
for the Period 13 February 2023 to 28 February 2024

1. STATUTORY INFORMATION

Talla Na Mara Restaurant Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The financial statements are rounded to the nearest £1.

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.

Going Concern
The company is a going concern and there are no material uncertainties casting significant doubt over its ability to continue as a going concern.

Significant judgements and estimates
Fixed asset net book value and depreciation charges are the areas of the accounts which are affected by significant judgements and estimates. The directors exercise judgement in determining both the useful economic life and the likely residual value of the company's assets. This judgement affects the rates of and charge for depreciation in the accounts for the year. It also therefore affects the net book value of the assets in the balance sheet.

Turnover
Turnover represents the value of restaurant sales in the period, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% depreciation on cost

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

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 period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


TALLA NA MARA RESTAURANT LIMITED (REGISTERED NUMBER: SC758723)

Notes to the Financial Statements - continued
for the Period 13 February 2023 to 28 February 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 11 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
Additions 26,143
At 28 February 2024 26,143
DEPRECIATION
Charge for period 3,921
At 28 February 2024 3,921
NET BOOK VALUE
At 28 February 2024 22,222

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 1,963

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 20,174
Amounts owed to group undertakings 31,146
Taxation and social security 6,580
Other creditors 5,502
63,402