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REGISTERED NUMBER: 12672658 (England and Wales)















Abridged Unaudited Financial Statements for the Year Ended 30th September 2024

for

OAK BAR AND GRILL LIMITED

OAK BAR AND GRILL LIMITED (REGISTERED NUMBER: 12672658)

Contents of the Financial Statements
FOR THE YEAR ENDED 30TH SEPTEMBER 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


OAK BAR AND GRILL LIMITED

Company Information
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTOR: Mr Amrik Singh Saini



REGISTERED OFFICE: 171 Holyhead Road
Handsworth
Birmingham
B21 0BD



REGISTERED NUMBER: 12672658 (England and Wales)



ACCOUNTANTS: R Pau & Co Limited
Chartered Certified Accountants
12-16 Station Street East
Coventry
West Midlands
CV6 5FJ



BANKERS: Barclays Bank PLC
Leicester
Leicestershire
LE87 2BB

OAK BAR AND GRILL LIMITED (REGISTERED NUMBER: 12672658)

Abridged Balance Sheet
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 3 109,939 116,406
Tangible assets 4 474,072 437,292
584,011 553,698

CURRENT ASSETS
Stocks 109,230 63,780
Debtors 5 7,280 70,947
Cash at bank and in hand 79,861 112,185
196,371 246,912
CREDITORS
Amounts falling due within one year 463,002 571,063
NET CURRENT LIABILITIES (266,631 ) (324,151 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

317,380

229,547

CREDITORS
Amounts falling due after more than one
year

16,963

105,571
NET ASSETS 300,417 123,976

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 300,217 123,776
300,417 123,976

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

OAK BAR AND GRILL LIMITED (REGISTERED NUMBER: 12672658)

Abridged Balance Sheet - continued
30TH SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 12th May 2025 and were signed by:





Mr Amrik Singh Saini - Director


OAK BAR AND GRILL LIMITED (REGISTERED NUMBER: 12672658)

Notes to the Financial Statements
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


1. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% 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.

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.

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.

OAK BAR AND GRILL LIMITED (REGISTERED NUMBER: 12672658)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


1. ACCOUNTING POLICIES - continued

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 13 ) .

3. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st October 2023
and 30th September 2024 129,340
AMORTISATION
At 1st October 2023 12,934
Amortisation for year 6,467
At 30th September 2024 19,401
NET BOOK VALUE

At 30th September 2024 109,939
At 30th September 2023 116,406

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st October 2023 620,886
Additions 155,299
At 30th September 2024 776,185
DEPRECIATION
At 1st October 2023 183,594
Charge for year 118,519
At 30th September 2024 302,113
NET BOOK VALUE
At 30th September 2024 474,072
At 30th September 2023 437,292

OAK BAR AND GRILL LIMITED (REGISTERED NUMBER: 12672658)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other debtors - 20,000