Company Registration No. 01971267 (England and Wales)
Bibendum Restaurant Limited
Unaudited accounts
for the year ended 31 December 2024
Bibendum Restaurant Limited
Unaudited accounts
Contents
Bibendum Restaurant Limited
Company Information
for the year ended 31 December 2024
Directors
Claude Bosi - Chief Executive
Michael Hamlyn
Edmund Conran
Company Number
01971267 (England and Wales)
Registered Office
Michelin House
81 Fulham Road
London
SW3 6RD
Bibendum Restaurant Limited
Statement of financial position
as at 31 December 2024
Tangible assets
558,255
624,947
Inventories
396,520
347,692
Cash at bank and in hand
320,953
507,231
Creditors: amounts falling due within one year
(909,558)
(1,022,216)
Net current (liabilities)/assets
(77,612)
97,757
Total assets less current liabilities
480,643
722,704
Creditors: amounts falling due after more than one year
(1,150,000)
(1,250,000)
Net liabilities
(669,357)
(527,296)
Called up share capital
31,500
31,500
Share premium
437,167
437,167
Capital redemption reserve
2,333
2,333
Profit and loss account
(1,140,357)
(998,296)
Shareholders' funds
(669,357)
(527,296)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by
Claude Bosi - Chief Executive
Director
Company Registration No. 01971267
Bibendum Restaurant Limited
Notes to the Accounts
for the year ended 31 December 2024
Bibendum Restaurant Limited is a private company, limited by shares, registered in England and Wales, registration number 01971267. The registered office is Michelin House, 81 Fulham Road, London, SW3 6RD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
4% straight line
Plant & machinery
14% straight line
Fixtures & fittings
14% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company.
Bibendum Restaurant Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
564,681
499,475
368,601
1,432,757
At 31 December 2024
564,681
503,465
368,601
1,436,747
At 1 January 2024
131,158
345,189
331,463
807,810
Charge for the year
18,063
47,211
5,408
70,682
At 31 December 2024
149,221
392,400
336,871
878,492
At 31 December 2024
415,460
111,065
31,730
558,255
At 31 December 2023
433,523
154,286
37,138
624,947
Amounts falling due within one year
Trade debtors
53,868
139,018
Accrued income and prepayments
37,563
84,650
Other debtors
23,042
41,382
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
344,665
375,871
Taxes and social security
188,948
184,075
Other creditors
125,792
238,467
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
150,000
250,000
Other creditors
400,000
400,000
Loans from directors
600,000
600,000
8
Transactions with related parties
At 31 December 2024 the company owed its directors £600,000 (Michael Hamlyn £400,000 and Claude Bosi £200,000) . This is included in creditors.
Bibendum Restaurant Limited
Notes to the Accounts
for the year ended 31 December 2024
9
Average number of employees
During the year the average number of employees was 86 (2023: 79).