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REGISTERED NUMBER: 03875521 (England and Wales)











Audited Financial Statements

for the Year Ended 30 September 2024

for

Millsy's Cafe Bar Bistro Limited

Millsy's Cafe Bar Bistro Limited (Registered number: 03875521)






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


Millsy's Cafe Bar Bistro Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: H M Grundy
J L Sharp
S J Grundy





SECRETARY: J L Sharp





REGISTERED OFFICE: Leigh Christou Ltd
Leofric House
Binley Road
Coventry
West Midlands
CV3 1JN





REGISTERED NUMBER: 03875521 (England and Wales)





AUDITORS: Leigh Christou Ltd
Chartered Certified Accountants and
Statutory Auditor
Leofric House
Binley Road
Coventry
CV3 1JN

Millsy's Cafe Bar Bistro Limited (Registered number: 03875521)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 195,471 184,653
Investments 6 10,000 10,000
205,471 194,653

CURRENT ASSETS
Stocks 45,003 44,745
Debtors 7 105,382 106,149
Cash at bank and in hand 92,585 178,359
242,970 329,253
CREDITORS
Amounts falling due within one year 8 258,432 303,061
NET CURRENT (LIABILITIES)/ASSETS (15,462 ) 26,192
TOTAL ASSETS LESS CURRENT
LIABILITIES

190,009

220,845

CREDITORS
Amounts falling due after more than one
year

9

(37,500

)

(90,213

)

PROVISIONS FOR LIABILITIES (32,583 ) (26,755 )
NET ASSETS 119,926 103,877

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 119,826 103,777
SHAREHOLDERS' FUNDS 119,926 103,877

Millsy's Cafe Bar Bistro Limited (Registered number: 03875521)

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 16 June 2025 and were signed on its behalf by:




H M Grundy - Director



J L Sharp - Director


Millsy's Cafe Bar Bistro Limited (Registered number: 03875521)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Millsy's Cafe Bar Bistro 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short Leasehold - Period of lease
Improvements to property - Period of lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - Straight line over 3 years

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 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.


Millsy's Cafe Bar Bistro Limited (Registered number: 03875521)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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 61 (2023 - 66 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 101,901
AMORTISATION
At 1 October 2023
and 30 September 2024 101,901
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

Millsy's Cafe Bar Bistro Limited (Registered number: 03875521)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
Leasehold property machinery
£    £    £   
COST
At 1 October 2023 58,602 307,801 394,810
Additions - - 43,278
At 30 September 2024 58,602 307,801 438,088
DEPRECIATION
At 1 October 2023 54,010 238,345 353,265
Charge for year 735 11,113 12,892
At 30 September 2024 54,745 249,458 366,157
NET BOOK VALUE
At 30 September 2024 3,857 58,343 71,931
At 30 September 2023 4,592 69,456 41,545

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023 377,695 35,025 1,173,933
Additions 1,463 3,667 48,408
At 30 September 2024 379,158 38,692 1,222,341
DEPRECIATION
At 1 October 2023 312,630 31,030 989,280
Charge for year 9,775 3,075 37,590
At 30 September 2024 322,405 34,105 1,026,870
NET BOOK VALUE
At 30 September 2024 56,753 4,587 195,471
At 30 September 2023 65,065 3,995 184,653

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023
and 30 September 2024 10,000
NET BOOK VALUE
At 30 September 2024 10,000
At 30 September 2023 10,000

Millsy's Cafe Bar Bistro Limited (Registered number: 03875521)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 4,731 1,304
Other debtors 100,651 104,845
105,382 106,149

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 50,000 50,000
Trade creditors 66,480 62,801
Amounts owed to group undertakings - 52,626
Taxation and social security 51,929 54,234
Other creditors 90,023 83,400
258,432 303,061

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 37,500 87,500
Other creditors - 2,713
37,500 90,213

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.24 30.9.23
£    £   
Within one year 112,000 73,000
Between one and five years 448,000 292,000
In more than five years 18,667 85,167
578,667 450,167

11. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 87,500 137,500

The bank loan is secured by a fixed and floating charge over the assets of the company.

Millsy's Cafe Bar Bistro Limited (Registered number: 03875521)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr C A Christou (Senior Statutory Auditor)
for and on behalf of Leigh Christou Ltd

13. AUDITOR LIABILITY LIMITATION AGREEMENT

Auditors liability is limited to a maximum of twenty five times the fee relating to the audit engagement.
The director approved the agreement on 7 October 2024.

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is that of the directors by virtue of their shareholding in the parent company Gentiane Limited.

15. SHARE-BASED PAYMENT TRANSACTIONS

On 3rd November 2021, an equity settled share option scheme was introduced for specific employees of the group. In accordance with the scheme rules, options are exercisable at the market value of the shares as determined at the date of grant. If the options remain unexercised after a period of ten years from the date of grant, the options expire. There were no changes to the terms of the plan during the year.

Details of the share options outstanding during the year are as follows:

20242023



Number Of
Share Options
Weighted
Average
Exercise Price

Number Of
Share Options
Weighted
Average
Exercise Price
Granted during the period0000
Outstanding at the end of the period45£20345£203
Exercisable at the end of the period45£20345£203

The options outstanding at 30 September 2024 had a weighed average exercise price of £203 and a weighted average remaining contractual life of 7 years. In 2021, options were granted on 3 November 2021. The aggregate of the estimated fair value of the options granted on this date was £9,135.