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REGISTERED NUMBER: 08614912 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

STOKE MILL RESTAURANT LTD

STOKE MILL RESTAURANT LTD (REGISTERED NUMBER: 08614912)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STOKE MILL RESTAURANT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr L Iaccarino
Mr A Rudd





REGISTERED OFFICE: Stoke Mill
Mill Road
Stoke Holy Cross
Norwich
Norfolk
NR14 8PA





REGISTERED NUMBER: 08614912 (England and Wales)





ACCOUNTANTS: Berry & Warren Ltd
Chartered Accountants
54 Thorpe Road
Norwich
Norfolk
NR1 1RY

STOKE MILL RESTAURANT LTD (REGISTERED NUMBER: 08614912)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 59,425 71,361

CURRENT ASSETS
Stocks 11,500 12,500
Debtors 5 132,422 81,237
Cash at bank and in hand 27,447 37,371
171,369 131,108
CREDITORS
Amounts falling due within one year 6 255,724 291,730
NET CURRENT LIABILITIES (84,355 ) (160,622 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(24,930

)

(89,261

)

CREDITORS
Amounts falling due after more than one
year

7

(20,833

)

(30,833

)

PROVISIONS FOR LIABILITIES (5,382 ) (7,940 )
NET LIABILITIES (51,145 ) (128,034 )

CAPITAL AND RESERVES
Called up share capital 150 100
Share premium 99,950 -
Retained earnings (151,245 ) (128,134 )
SHAREHOLDERS' FUNDS (51,145 ) (128,034 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

STOKE MILL RESTAURANT LTD (REGISTERED NUMBER: 08614912)

BALANCE SHEET - continued
30 SEPTEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:




Mr L Iaccarino - Director



Mr A Rudd - Director


STOKE MILL RESTAURANT LTD (REGISTERED NUMBER: 08614912)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Stoke Mill Restaurant 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 as modified by the revaluation of certain assets.

The directors have considered the company's position at the time of signing the financial statements. After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts. settlement discounts and volume rebates.

Revenue from food and beverage is recognised when the amounts are earned and can be reasonably estimated and are recognised as the related services are delivered.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Improvements to property - 10% straight line
Equipment - 10% straight line
Fixtures and fittings - 20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and retained earnings.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first in, first out method.

STOKE MILL RESTAURANT LTD (REGISTERED NUMBER: 08614912)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks and other third parties.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 23 ) .

STOKE MILL RESTAURANT LTD (REGISTERED NUMBER: 08614912)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property Equipment fittings Totals
£    £    £    £   
COST
At 1 October 2023 111,764 48,415 86,651 246,830
Additions 7,555 - - 7,555
At 30 September 2024 119,319 48,415 86,651 254,385
DEPRECIATION
At 1 October 2023 89,408 16,782 69,279 175,469
Charge for year 11,176 4,841 3,474 19,491
At 30 September 2024 100,584 21,623 72,753 194,960
NET BOOK VALUE
At 30 September 2024 18,735 26,792 13,898 59,425
At 30 September 2023 22,356 31,633 17,372 71,361

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 132,422 81,237

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 15,000 15,000
Trade creditors 65,277 70,570
Taxation and social security 111,120 113,850
Other creditors 64,327 92,310
255,724 291,730

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 20,833 30,833

STOKE MILL RESTAURANT LTD (REGISTERED NUMBER: 08614912)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Mr L Iaccarino
Balance outstanding at start of year 37,956 -
Amounts advanced 16,762 37,956
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 54,718 37,956

Mr A Rudd
Balance outstanding at start of year 39,328 1,761
Amounts advanced 9,858 37,567
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 49,186 39,328