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REGISTERED NUMBER: SC740332 (Scotland)




















Edinburgh Restaurant Two (Edinburgh) Ltd

Unaudited Financial Statements

for the Period 1 September 2023 to 31 July 2024






Edinburgh Restaurant Two (Edinburgh) Ltd (Registered number: SC740332)






Contents of the Financial Statements
for the Period 1 September 2023 to 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Edinburgh Restaurant Two (Edinburgh) Ltd

Company Information
for the Period 1 September 2023 to 31 July 2024







DIRECTOR: L A Radford



REGISTERED OFFICE: 1 Montrose Terrace
Edinburgh
EH7 5DJ



REGISTERED NUMBER: SC740332 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Monzo
Broadwalk House
5 Appold Street
London
EC2A 2AG

Edinburgh Restaurant Two (Edinburgh) Ltd (Registered number: SC740332)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 186,710 49,967

CURRENT ASSETS
Stocks 34,184 715
Debtors 5 9,000 14,211
Cash at bank and in hand 77,808 252
120,992 15,178
CREDITORS
Amounts falling due within one year 6 405,147 94,763
NET CURRENT LIABILITIES (284,155 ) (79,585 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(97,445

)

(29,618

)

CREDITORS
Amounts falling due after more than
one year

7

160,832

-
NET LIABILITIES (258,277 ) (29,618 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (258,377 ) (29,718 )
(258,277 ) (29,618 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Edinburgh Restaurant Two (Edinburgh) Ltd (Registered number: SC740332)

Balance Sheet - continued
31 July 2024


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 director and authorised for issue on 11 March 2025 and were signed by:





L A Radford - Director


Edinburgh Restaurant Two (Edinburgh) Ltd (Registered number: SC740332)

Notes to the Financial Statements
for the Period 1 September 2023 to 31 July 2024

1. STATUTORY INFORMATION

Edinburgh Restaurant Two (Edinburgh) Ltd 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.

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 and recognition
Turnover represents net sales of restaurant food and drink, excluding value added tax. Turnover is
recognised at the point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 4% on cost
Plant and machinery etc - 33% on cost, 25% on cost and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value.

All loans with related parties are all repayable on demand.

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.


Edinburgh Restaurant Two (Edinburgh) Ltd (Registered number: SC740332)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 31 July 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.

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.

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it is
probable the company will be required to settle the obligations, and a reliable estimate can be made of
the obligations. The amount recognised as a provision is the best estimate of the consideration required
to settle the present obligation at the end of the reporting period, taking into account the risks and
uncertainties surrounding the obligation.

Going concern
The financial statements have been prepared on the going concern principle, which assumes that the company will continue to trade in the foreseeable future. In order to do so the company will require the continued support from its directors and its related company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 16 (2023 - 2 ) .

Edinburgh Restaurant Two (Edinburgh) Ltd (Registered number: SC740332)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 46,365 3,602 49,967
Additions 13,551 160,297 173,848
Reclassification/transfer (3,054 ) 3,054 -
At 31 July 2024 56,862 166,953 223,815
DEPRECIATION
Charge for period 2,085 35,020 37,105
At 31 July 2024 2,085 35,020 37,105
NET BOOK VALUE
At 31 July 2024 54,777 131,933 186,710
At 31 August 2023 46,365 3,602 49,967

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 377 -
Other debtors 8,623 14,211
9,000 14,211

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 32,105 -
Trade creditors 97,878 857
Taxation and social security 17,694 -
Other creditors 257,470 93,906
405,147 94,763

Edinburgh Restaurant Two (Edinburgh) Ltd (Registered number: SC740332)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 50,832 -
Other creditors 110,000 -
160,832 -

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 32,105 -
Between one and five years 50,832 -
82,937 -

Non-cancellable operating leases
2024 2023
£    £   
Within one year 19,800 19,800

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 31 July 2024 and 31 August 2023:

2024 2023
£    £   
L A Radford
Balance outstanding at start of period - -
Amounts advanced 383 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 383 -

Director's loans are unsecured and repayable on demand. Interest is charged on loans repayable to the
company at 2.25% per annum. Loans repayable by the company are interest free.

Edinburgh Restaurant Two (Edinburgh) Ltd (Registered number: SC740332)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 31 July 2024

10. RELATED PARTY DISCLOSURES

The company has advanced loans to shareholders other than the directors. The loans are unsecured and
have no fixed terms of repayment. Interest is charged at 2.25% on overdrawn balances. The balance
due from shareholders at 31 July 2024 was £5,639 and amounts due to shareholders was £15,000 (2023 - NIL)

Expenses were paid by a related company during the period to 31 July 2024 totalling £108,648
(2023 - £90,506). The balance due to the related company at 31 July 2024 was £199,154 (2023 -
£90,506).