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Registered number: 02527253
Walkers Restaurants Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02527253
30 November 2024 30 November 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 218,219 220,155
218,219 220,155
CURRENT ASSETS
Stocks 5 4,298 3,431
Debtors 6 179,995 189,995
Cash at bank and in hand 27,343 4,166
211,636 197,592
Creditors: Amounts Falling Due Within One Year 7 (74,075 ) (49,217 )
NET CURRENT ASSETS (LIABILITIES) 137,561 148,375
TOTAL ASSETS LESS CURRENT LIABILITIES 355,780 368,530
Creditors: Amounts Falling Due After More Than One Year 8 (4,400 ) (13,200 )
NET ASSETS 351,380 355,330
CAPITAL AND RESERVES
Called up share capital 9 331,000 331,000
Profit and Loss Account 20,380 24,330
SHAREHOLDERS' FUNDS 351,380 355,330
Page 1
Page 2
For the year ending 30 November 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs L Walker-Gumbis
Director
18 May 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Walkers Restaurants Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02527253 . The registered office is 6 Houndiscombe Road, Mutley, Plymouth, PL4 6HH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 1% straight line
Fixtures & Fittings 20% reducing balance
Computer Equipment 33% straight line
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 
2.5. Taxation
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 corporation 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 9)
9 9
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4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2023 265,121 91,377 1,130 357,628
As at 30 November 2024 265,121 91,377 1,130 357,628
Depreciation
As at 1 December 2023 45,810 90,533 1,130 137,473
Provided during the period 1,723 213 - 1,936
As at 30 November 2024 47,533 90,746 1,130 139,409
Net Book Value
As at 30 November 2024 217,588 631 - 218,219
As at 1 December 2023 219,311 844 - 220,155
5. Stocks
30 November 2024 30 November 2023
£ £
Stock 4,298 3,431
6. Debtors
30 November 2024 30 November 2023
£ £
Due within one year
Trade debtors 109,995 149,995
Other debtors 70,000 40,000
179,995 189,995
7. Creditors: Amounts Falling Due Within One Year
30 November 2024 30 November 2023
£ £
Trade creditors 9,067 8,097
Bank loans and overdrafts 11,138 12,782
Other creditors 24,059 12,570
Taxation and social security 29,811 15,768
74,075 49,217
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8. Creditors: Amounts Falling Due After More Than One Year
30 November 2024 30 November 2023
£ £
Bank loans 4,400 13,200
9. Share Capital
30 November 2024 30 November 2023
£ £
Allotted, Called up and fully paid 331,000 331,000
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