Registration number:
St. Ives Restaurants Limited
for the Year Ended 31 July 2024
St. Ives Restaurants Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
St. Ives Restaurants Limited
Company Information
Director |
Mr D A Christophers |
Registered office |
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Accountants |
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St. Ives Restaurants Limited
(Registration number: 07723886)
Balance Sheet as at 31 July 2024
Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Investment property |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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St. Ives Restaurants Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover represents the share of the net profit attributable to the company in the annual accounts of each partnership together with accrued profit share for the current accounting period, where the accounting date of the partnership is not coterminous with that of the company.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
St. Ives Restaurants Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
20% Reducing balance |
Motor vehicles |
20% Reducing balance |
Investment property
Investments in associates
Investments in associates are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate cost on acquisition.
Investments
Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.
Dividends
Dividend distribution to the company’s shareholder is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
St. Ives Restaurants Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024
Tangible assets |
Motor vehicles |
Other tangible assets |
Total |
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Cost or valuation |
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At 1 August 2023 |
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Additions |
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At 31 July 2024 |
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Depreciation |
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At 1 August 2023 |
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Charge for the year |
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At 31 July 2024 |
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Carrying amount |
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At 31 July 2024 |
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At 31 July 2023 |
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Investment properties |
2024 |
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At 1 August |
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Additions |
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Disposals |
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At 31 July |
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There has been no valuation of investment property by an independent valuer.
Investments |
2024 |
2023 |
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Investments in associates |
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Associates |
£ |
Cost |
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At 1 August 2023 |
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Provision |
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Carrying amount |
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At 31 July 2024 |
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At 31 July 2023 |
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St. Ives Restaurants Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2024 |
2023 |
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Associates |
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St Ives, Cornwall |
Partnership share |
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St Ives, Cornwall |
Partnership share |
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St Ives, Cornwall |
Partnership share |
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St. Ives, Cornwall |
Partnership share |
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Unit 1
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Ordinary |
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Unit 1
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Ordinary |
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Carncroft, Pitlochry
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Ordinary |
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Scotland |
St. Ives Restaurants Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024
Associates |
Ardor - (Formerly The Seafood Cafe) The principal activity of Ardor - (Formerly The Seafood Cafe) is |
The Balcony The principal activity of The Balcony is |
Talay Thai Kitchen The principal activity of Talay Thai Kitchen is |
St. Ives Coffee & Ice Cream The principal activity of St. Ives Coffee & Ice Cream is |
Teylu (St Ives) Limited The principal activity of Teylu (St Ives) Limited is |
Onzo (St Ives) Limited The principal activity of Onzo (St Ives) Limited is |
Mor Bakehouse Limited The principal activity of Mor Bakehouse Limited is |
Debtors |
Current |
Note |
2024 |
2023 |
Amounts owed by related parties |
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Other debtors |
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St. Ives Restaurants Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024
Creditors |
Creditors: amounts falling due within one year
2024 |
2023 |
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Due within one year |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
Related party transactions |
Transactions with the director |
2024 |
At 1 August 2023 |
Advances to director |
Repayments by director |
At 31 July 2024 |
Mr D A Christophers |
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Interest-free loan from/(to) Director, repayable on demand |
( |
( |
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( |
2023 |
At 1 August 2022 |
Advances to director |
Repayments by director |
At 31 July 2023 |
Mr D A Christophers |
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Interest-free loan from/(to) Director, repayable on demand |
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( |
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( |