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Registration number: 12430526

MEAT & WINE COMPANY MAYFAIR LIMITED

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 January 2025

 

Contents

Company Information

1

Director's Report

2

Abridged Profit and Loss Account

3

Abridged Balance Sheet

4 to 5

Notes to the Unaudited Abridged Financial Statements

6 to 9

 

Company Information

Director

Mohamed ISARTI

Registered office

17C
Curzon Street
London
W1J 5HU

Accountants

TAX LINK (CTA) LIMITED
Chartered Accountants & Tax AdvisorsThe Long Lodge 265-269 Kingston Road
Wimbledon
London
Wimbledon
SW19 3NW

 

Director's Report for the Year Ended 31 January 2025

The director presents his report and the abridged financial statements for the year ended 31 January 2025.

Director of the company

The director who held office during the year was as follows:

Mohamed ISARTI

Principal activity

The principal activity of the company is Licensed restaurants.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 21 March 2025
 

.........................................
Mohamed ISARTI
Director

 

Abridged Profit and Loss Account for the Year Ended 31 January 2025

Note

2025
£

2024
£

Gross profit

 

1,613,305

1,224,696

Distribution costs

 

(8,350)

(7,800)

Administrative expenses

 

(2,264,792)

(2,163,207)

Loss before tax

4

(659,837)

(946,311)

Loss for the financial year

 

(659,837)

(946,311)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

(Registration number: 12430526)
Abridged Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

5

1,651,623

1,914,447

Current assets

 

Stocks

6

126,957

101,751

Debtors

-

3,368

Cash at bank and in hand

 

31,328

36,950

 

158,285

142,069

Prepayments and accrued income

 

217,147

74,732

Creditors: Amounts falling due within one year

(325,837)

(276,169)

Net current assets/(liabilities)

 

49,595

(59,368)

Total assets less current liabilities

 

1,701,218

1,855,079

Creditors: Amounts falling due after more than one year

(4,019,788)

(3,513,788)

Accruals and deferred income

 

14,180

14,156

Net liabilities

 

(2,304,390)

(1,644,553)

Capital and reserves

 

Called up share capital

7

200

200

Retained earnings

(2,304,590)

(1,644,753)

Shareholders' deficit

 

(2,304,390)

(1,644,553)

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 21 March 2025
 

 

(Registration number: 12430526)
Abridged Balance Sheet as at 31 January 2025

.........................................
Mohamed ISARTI
Director

 

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
17C
Curzon Street
London
W1J 5HU

These financial statements were authorised for issue by the director on 21 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

Written Down Value

Leasehold Improvements

Written Down Value

Plant and machinery

Written Down Value

 

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

Furniture and Fittings

Written Down Value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 62 (2024 - 70).

4

Loss before tax

Arrived at after charging/(crediting)

2025
£

2024
£

Depreciation expense

286,388

283,176

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

1,455,941

924,243

2,380,184

At 31 January 2025

1,455,941

924,243

2,380,184

Depreciation

At 1 February 2024

167,914

274,256

442,170

Charge for the year

96,797

189,594

286,391

At 31 January 2025

264,711

463,850

728,561

Carrying amount

At 31 January 2025

1,191,230

460,393

1,651,623

At 31 January 2024

1,288,027

626,420

1,914,447

Included within the net book value of land and buildings above is £1,191,230 (2024 - £1,288,027) in respect of long leasehold land and buildings.
 

6

Stocks

2025
£

2024
£

Other inventories

126,957

101,751

7

Share capital

Allotted, called up and fully paid shares

 

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

2025

2024

No.

£

No.

£

Ordinary Share of £0.10 each

1,000

100

1,000

100

B Ordinary Share of £0.10 each

1,000

100

1,000

100

2,000

200

2,000

200

8

Dividends

Interim dividends paid

2025
£

2024
£

Interim dividend of Nil per each Ordinary

-

-