IRIS Accounts Production v25.1.3.33 05266927 director 1.11.23 31.10.24 31.10.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh052669272023-10-31052669272024-10-31052669272023-11-012024-10-31052669272022-10-31052669272022-11-012023-10-31052669272023-10-3105266927ns15:EnglandWales2023-11-012024-10-3105266927ns14:PoundSterling2023-11-012024-10-3105266927ns10:Director12023-11-012024-10-3105266927ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3105266927ns10:SmallEntities2023-11-012024-10-3105266927ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3105266927ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3105266927ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3105266927ns10:FullAccounts2023-11-012024-10-310526692712023-11-012024-10-3105266927ns10:RegisteredOffice2023-11-012024-10-3105266927ns5:CurrentFinancialInstruments2024-10-3105266927ns5:CurrentFinancialInstruments2023-10-3105266927ns5:Non-currentFinancialInstruments2024-10-3105266927ns5:Non-currentFinancialInstruments2023-10-3105266927ns5:ShareCapital2024-10-3105266927ns5:ShareCapital2023-10-3105266927ns5:RetainedEarningsAccumulatedLosses2024-10-3105266927ns5:RetainedEarningsAccumulatedLosses2023-10-3105266927ns5:NetGoodwill2023-11-012024-10-3105266927ns5:IntangibleAssetsOtherThanGoodwill2023-11-012024-10-3105266927ns5:FurnitureFittings2023-11-012024-10-3105266927ns5:MotorVehicles2023-11-012024-10-3105266927ns5:NetGoodwill2023-10-3105266927ns5:NetGoodwill2024-10-3105266927ns5:NetGoodwill2023-10-3105266927ns5:LongLeaseholdAssetsns5:LandBuildings2023-10-3105266927ns5:FurnitureFittings2023-10-3105266927ns5:MotorVehicles2023-10-3105266927ns5:LongLeaseholdAssetsns5:LandBuildings2023-11-012024-10-3105266927ns5:LongLeaseholdAssetsns5:LandBuildings2024-10-3105266927ns5:FurnitureFittings2024-10-3105266927ns5:MotorVehicles2024-10-3105266927ns5:LongLeaseholdAssetsns5:LandBuildings2023-10-3105266927ns5:FurnitureFittings2023-10-3105266927ns5:MotorVehicles2023-10-3105266927ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3105266927ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31
REGISTERED NUMBER: 05266927 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Umberto's Restaurant Limited

Umberto's Restaurant Limited (Registered number: 05266927)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Umberto's Restaurant Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: V Medaglia





REGISTERED OFFICE: Spectrum House
2B Suttons Lane
Hornchurch
Essex
RM12 6RJ





REGISTERED NUMBER: 05266927 (England and Wales)





ACCOUNTANTS: Johal & Company
Chartered Certified Accountants
& Registered Auditors
Spectrum House
2B Suttons Lane
Hornchurch
Essex
RM12 6RJ

Umberto's Restaurant Limited (Registered number: 05266927)

Statement of Financial Position
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - 3,000
Tangible assets 5 12,286 12,553
12,286 15,553

CURRENT ASSETS
Stocks 2,200 2,100
Debtors 6 5,000 -
Cash at bank 65,836 120,998
73,036 123,098
CREDITORS
Amounts falling due within one year 7 29,086 34,157
NET CURRENT ASSETS 43,950 88,941
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,236

104,494

CREDITORS
Amounts falling due after more than one
year

8

6,185

16,172
NET ASSETS 50,051 88,322

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 50,049 88,320
SHAREHOLDERS' FUNDS 50,051 88,322

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Umberto's Restaurant Limited (Registered number: 05266927)

Statement of Financial Position - continued
31 October 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 22 May 2025 and were signed by:





V Medaglia - Director


Umberto's Restaurant Limited (Registered number: 05266927)

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

1. STATUTORY INFORMATION

Umberto's Restaurant Limited is a private company, limited by shares , registered in England and Wales. 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 20 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 - 25% on reducing balance
Motor vehicles - 25% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Umberto's Restaurant Limited (Registered number: 05266927)

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

2. ACCOUNTING POLICIES - continued

Implications of covid-19 on our operations
Management has considered the consequences of COVID-19 and other events and conditions, and it has determined that they do not create a material uncertainty that casts significant doubt upon the entity's ability to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 60,000
AMORTISATION
At 1 November 2023 57,000
Amortisation for year 3,000
At 31 October 2024 60,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 3,000

5. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2023
and 31 October 2024 11,486 22,349 3,995 37,830
DEPRECIATION
At 1 November 2023 - 21,299 3,978 25,277
Charge for year - 263 4 267
At 31 October 2024 - 21,562 3,982 25,544
NET BOOK VALUE
At 31 October 2024 11,486 787 13 12,286
At 31 October 2023 11,486 1,050 17 12,553

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 5,000 -

Umberto's Restaurant Limited (Registered number: 05266927)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 10,998 10,998
Trade creditors 1,234 719
Taxation and social security 13,714 20,115
Other creditors 3,140 2,325
29,086 34,157

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 6,185 16,172