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REGISTERED NUMBER: 04373219 (England and Wales)











Unaudited Financial Statements for the Year Ended 28 February 2025

for

Medusa Bar Brighton Limited

Medusa Bar Brighton Limited (Registered number: 04373219)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Medusa Bar Brighton Limited

Company Information
for the Year Ended 28 February 2025







DIRECTORS: Mr George Shahata
Mrs Marian Shahata



REGISTERED OFFICE: ASM House
103A Keymer Road
Hassocks
West Sussex
BN6 8QL



REGISTERED NUMBER: 04373219 (England and Wales)



BANKERS: Lloyds TSB Bank plc
Church Road
Burgess Hill
West Sussex
RH12 3BH

Medusa Bar Brighton Limited (Registered number: 04373219)

Balance Sheet
28 February 2025

28.2.25 28.2.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 76,765 76,719

CURRENT ASSETS
Stocks 4,800 2,500
Debtors 5 10 -
Cash at bank and in hand 862 39,112
5,672 41,612
CREDITORS
Amounts falling due within one year 6 36,617 49,495
NET CURRENT LIABILITIES (30,945 ) (7,883 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,820

68,836

CREDITORS
Amounts falling due after more than one year 7 12,500 22,500
NET ASSETS 33,320 46,336

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 8 33,318 46,334
SHAREHOLDERS' FUNDS 33,320 46,336

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Medusa Bar Brighton Limited (Registered number: 04373219)

Balance Sheet - continued
28 February 2025


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 Board of Directors and authorised for issue on 5 June 2025 and were signed on its behalf by:





Mr George Shahata - Director


Medusa Bar Brighton Limited (Registered number: 04373219)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Medusa Bar Brighton 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 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 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.

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.

Medusa Bar Brighton Limited (Registered number: 04373219)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 9 ).

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 29 February 2024 17,557 86,640 104,197
Additions - 1,749 1,749
At 28 February 2025 17,557 88,389 105,946
DEPRECIATION
At 29 February 2024 - 27,478 27,478
Charge for year - 1,703 1,703
At 28 February 2025 - 29,181 29,181
NET BOOK VALUE
At 28 February 2025 17,557 59,208 76,765
At 28 February 2024 17,557 59,162 76,719

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 28.2.24
£    £   
Trade debtors 10 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 28.2.24
£    £   
Bank loans and overdrafts 1,269 -
Trade creditors 4,055 2,100
Taxation and social security 12,693 17,068
Other creditors 18,600 30,327
36,617 49,495

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.25 28.2.24
£    £   
Bank loans 12,500 22,500

Medusa Bar Brighton Limited (Registered number: 04373219)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
28.2.25 28.2.24
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,500 22,500

8. RESERVES
Retained
earnings
£   

At 29 February 2024 46,334
Profit for the year 16,934
Dividends (29,950 )
At 28 February 2025 33,318