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REGISTERED NUMBER: SC400655 (Scotland)




















Edinburgh Restaurant (Edinburgh) Limited

Unaudited Financial Statements

for the Year Ended 31 July 2024






Edinburgh Restaurant (Edinburgh) Limited (Registered number: SC400655)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Edinburgh Restaurant (Edinburgh) Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: L A Radford



REGISTERED OFFICE: 10 Lady Lawson Street
Edinburgh
EH3 9DS



REGISTERED NUMBER: SC400655 (Scotland)



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



BANKERS: Santander UK plc
Bootle
Merseyside
L30 4GB



SOLICITORS: Shepherd and Wedderburn LLP
5th Floor, 1 Exchange Crescent
Conference Square
Edinburgh
EH3 8UL

Edinburgh Restaurant (Edinburgh) Limited (Registered number: SC400655)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,777 12,759
Tangible assets 5 132,630 168,168
144,407 180,927

CURRENT ASSETS
Stocks 261,138 257,162
Debtors 6 375,721 132,571
Cash at bank and in hand 61,411 249,760
698,270 639,493
CREDITORS
Amounts falling due within one year 7 382,980 348,578
NET CURRENT ASSETS 315,290 290,915
TOTAL ASSETS LESS CURRENT
LIABILITIES

459,697

471,842

CREDITORS
Amounts falling due after more than
one year

8

(172,520

)

(161,995

)

PROVISIONS FOR LIABILITIES (8,998 ) (15,574 )
NET ASSETS 278,179 294,273

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 278,079 294,173
SHAREHOLDERS' FUNDS 278,179 294,273

Edinburgh Restaurant (Edinburgh) Limited (Registered number: SC400655)

Balance Sheet - continued
31 July 2024


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

The members have not required the company to obtain an audit of its financial statements for the year 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.

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 (Edinburgh) Limited (Registered number: SC400655)

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

1. STATUTORY INFORMATION

Edinburgh Restaurant (Edinburgh) 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.

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.

Intangible assets
Amortisation is provided for the lease premium over the term of the lease.

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 - 25% on cost

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 year 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 (Edinburgh) Limited (Registered number: SC400655)

Notes to the Financial Statements - continued
for the Year Ended 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 29 ) .

Edinburgh Restaurant (Edinburgh) Limited (Registered number: SC400655)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2023
and 31 July 2024 24,535
AMORTISATION
At 1 August 2023 11,776
Charge for year 982
At 31 July 2024 12,758
NET BOOK VALUE
At 31 July 2024 11,777
At 31 July 2023 12,759

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 117,982 281,000 398,982
Additions - 5,105 5,105
At 31 July 2024 117,982 286,105 404,087
DEPRECIATION
At 1 August 2023 35,586 195,228 230,814
Charge for year 4,719 35,924 40,643
At 31 July 2024 40,305 231,152 271,457
NET BOOK VALUE
At 31 July 2024 77,677 54,953 132,630
At 31 July 2023 82,396 85,772 168,168

Edinburgh Restaurant (Edinburgh) Limited (Registered number: SC400655)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 60,551 4,617
Other debtors 315,170 127,954
375,721 132,571

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 62,490 45,667
Trade creditors 104,778 62,443
Taxation and social security 114,278 137,615
Other creditors 101,434 102,853
382,980 348,578

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 96,886 86,361
Other creditors 75,634 75,634
172,520 161,995

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 50,000 50,000
Between one and five years 200,000 200,000
In more than five years 891,667 400,000
1,141,667 650,000

Lease payments during the year recognised as an operating expense total £50,000 (2023 - £50,000)

Edinburgh Restaurant (Edinburgh) Limited (Registered number: SC400655)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
L A Radford
Balance outstanding at start of year 4,357 -
Amounts advanced 9,395 4,357
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,752 4,357

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.

11. 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 £72,666 (2023 - £38,837). S455 has been charged on the overdrawn balances as the shareholders are close family members.

Expenses were paid on behalf of a related company during the year to 31 July 2024 totalling £159,576 (2023 - £39,578). The balance due by the related company at 31 July 2024 was £199,154 (2023 - £39,578).