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REGISTERED NUMBER: 12589963 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

ILLYRIAN GRILL HOUSE LTD

ILLYRIAN GRILL HOUSE LTD (REGISTERED NUMBER: 12589963)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ILLYRIAN GRILL HOUSE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mr M Bokciu





REGISTERED OFFICE: 1 Kings Avenue
London
N21 3NA





REGISTERED NUMBER: 12589963 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

ILLYRIAN GRILL HOUSE LTD (REGISTERED NUMBER: 12589963)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

2024 2023
as restated
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 165,396 83,205

CURRENT ASSETS
Inventories 37,574 22,234
Debtors 5 1,601 31,092
Cash at bank and in hand 48,442 14,782
87,617 68,108
CREDITORS
Amounts falling due within one year 6 112,074 108,704
NET CURRENT LIABILITIES (24,457 ) (40,596 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,939

42,609

PROVISIONS FOR LIABILITIES 7 41,349 15,809
NET ASSETS 99,590 26,800

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 99,490 26,700
99,590 26,800

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

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

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 29 May 2025 and were signed by:





Mr M Bokciu - Director


ILLYRIAN GRILL HOUSE LTD (REGISTERED NUMBER: 12589963)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Illyrian Grill House Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised when services are rendered to the customers.

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery - 15% on reducing balance method
Fixtures and fittings - 15% on reducing balance method

The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal.

Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of inventory sold is recognised as an expense in the period in which the related revenue is recognised.

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.


ILLYRIAN GRILL HOUSE LTD (REGISTERED NUMBER: 12589963)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all material 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.

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.

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 8 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Land & Plant and and
Building machinery fittings Totals
£    £    £    £   
COST
At 1 June 2023 50,000 14,416 28,345 92,761
Additions - 48,873 38,299 87,172
At 31 May 2024 50,000 63,289 66,644 179,933
DEPRECIATION
At 1 June 2023 - - 9,557 9,557
Charge for year - 2,162 2,818 4,980
At 31 May 2024 - 2,162 12,375 14,537
NET BOOK VALUE
At 31 May 2024 50,000 61,127 54,269 165,396
At 31 May 2023 50,000 14,416 18,788 83,204

ILLYRIAN GRILL HOUSE LTD (REGISTERED NUMBER: 12589963)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Other debtors 1,601 31,092

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade creditors 33,596 67,500
Taxation and social security 58,257 30,761
Other creditors 20,221 10,443
112,074 108,704

7. PROVISIONS FOR LIABILITIES
2024 2023
as restated
£    £   
Deferred tax 41,349 15,809

Deferred
tax
£   
Balance at 1 June 2023 15,809
Provided during year 25,540
Balance at 31 May 2024 41,349

8. RELATED PARTY DISCLOSURES

Included in other creditors less than one year is an amount of £11,376 (2023: £29,345 due from) due to connected companies with common control. The amount remains interest-free and repayable on demand.