Registered number
08891949
Restaurant Old Brompton Ltd
Unaudited Filleted Accounts
30 September 2024
Restaurant Old Brompton Ltd
Registered number: 08891949
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 28,870 31,885
Current assets
Stocks 15,000 44,000
Debtors 5 156,373 122,493
Cash at bank and in hand 340,520 109,850
511,893 276,343
Creditors: amounts falling due within one year 6 (350,141) (268,193)
Net current assets 161,752 8,150
Net assets 190,622 40,035
Capital and reserves
Called up share capital 2 2
Profit and loss account 190,620 40,033
Shareholder's funds 190,622 40,035
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr K W Chew
Director
Approved by the board on 23 May 2025
Restaurant Old Brompton Ltd
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Stocks
Stocks 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 stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 14 10
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 80,000
At 30 September 2024 80,000
Amortisation
At 1 October 2023 80,000
At 30 September 2024 80,000
Net book value
At 30 September 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 October 2023 38,887 106,667 145,554
Additions - 2,288 2,288
At 30 September 2024 38,887 108,955 147,842
Depreciation
At 1 October 2023 11,397 102,272 113,669
Charge for the year 3,461 1,842 5,303
At 30 September 2024 14,858 104,114 118,972
Net book value
At 30 September 2024 24,029 4,841 28,870
At 30 September 2023 27,490 4,395 31,885
5 Debtors 2024 2023
£ £
Other debtors 156,373 122,493
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 28,189 18,442
Taxation and social security costs 95,305 75,285
Other creditors 226,647 174,466
350,141 268,193
7 Controlling party
The company is under the control of the shareholder, Mr K Y Leong by virtue of his shareholdings in the company.
8 Other information
Restaurant Old Brompton Ltd is a private company limited by shares and incorporated in England. Its registered office is:
53 Old Brompton Road
London
SW7 3JS
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