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REGISTERED NUMBER: 13327602 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

TIM ALLEN RESTAURANTS LIMITED

TIM ALLEN RESTAURANTS LIMITED (REGISTERED NUMBER: 13327602)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TIM ALLEN RESTAURANTS LIMITED

Company Information
for the Year Ended 31 March 2025







DIRECTOR: T Allen





SECRETARY: I D Gaskell





REGISTERED OFFICE: Restaurant Solo
17 Town Green Lane
Aughton
Ormskirk
Lancashire
L39 6SE





REGISTERED NUMBER: 13327602 (England and Wales)

TIM ALLEN RESTAURANTS LIMITED (REGISTERED NUMBER: 13327602)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 140,537 119,654

CURRENT ASSETS
Stocks 9,787 9,300
Debtors 5 61,671 74,966
Cash at bank and in hand 102,251 96,852
173,709 181,118
CREDITORS
Amounts falling due within one year 6 138,689 147,970
NET CURRENT ASSETS 35,020 33,148
TOTAL ASSETS LESS CURRENT
LIABILITIES

175,557

152,802

CREDITORS
Amounts falling due after more than one
year

7

(112,144

)

(109,374

)

PROVISIONS FOR LIABILITIES (19,831 ) (18,258 )
NET ASSETS 43,582 25,170

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 42,582 24,170
SHAREHOLDERS' FUNDS 43,582 25,170

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TIM ALLEN RESTAURANTS LIMITED (REGISTERED NUMBER: 13327602)

Balance Sheet - continued
31 March 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 director and authorised for issue on 8 July 2025 and were signed by:





T Allen - Director


TIM ALLEN RESTAURANTS LIMITED (REGISTERED NUMBER: 13327602)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Tim Allen Restaurants 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price, less costs to complete and sell. Cost in based on the cost of purchase on a first in, first out basis.

At each reporting date, stocks are assessed for impairment. If stock is 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.

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.

TIM ALLEN RESTAURANTS LIMITED (REGISTERED NUMBER: 13327602)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Financial instruments
Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment. Those that are receivable after more than one year or constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently at amortised cost, net of impairment.

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts.

Trade and other creditors are initially recognised at the transaction price and are therefore stated at amortised cost using the effective interest method unless the discounting would be immaterial, in which case they are stated at cost.

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 8 ) .

TIM ALLEN RESTAURANTS LIMITED (REGISTERED NUMBER: 13327602)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2024 40,388 84,551 47,128
Additions - 606 4,514
At 31 March 2025 40,388 85,157 51,642
DEPRECIATION
At 1 April 2024 8,565 34,268 15,560
Charge for year 3,182 10,134 6,541
At 31 March 2025 11,747 44,402 22,101
NET BOOK VALUE
At 31 March 2025 28,641 40,755 29,541
At 31 March 2024 31,823 50,283 31,568

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024 - 9,988 182,055
Additions 40,999 106 46,225
At 31 March 2025 40,999 10,094 228,280
DEPRECIATION
At 1 April 2024 - 4,008 62,401
Charge for year 4,271 1,214 25,342
At 31 March 2025 4,271 5,222 87,743
NET BOOK VALUE
At 31 March 2025 36,728 4,872 140,537
At 31 March 2024 - 5,980 119,654

TIM ALLEN RESTAURANTS LIMITED (REGISTERED NUMBER: 13327602)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 40,999
At 31 March 2025 40,999
DEPRECIATION
Charge for year 4,271
At 31 March 2025 4,271
NET BOOK VALUE
At 31 March 2025 36,728

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 3,748 13,892
Other debtors 57,923 61,074
61,671 74,966

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 23,431 23,831
Hire purchase contracts (see note 8) 3,891 -
Trade creditors 12,051 13,533
Tax 15,645 -
Social security and other taxes 5,067 4,744
Pensions 830 904
VAT 6,859 25,438
Other creditors 70,915 75,244
Directors' current accounts - 1,949
Accruals and deferred income - 2,327
138,689 147,970

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans - 1-2 years 23,831 23,831
Bank loans - 2-5 years 59,435 85,543
Hire purchase contracts (see note 8) 28,878 -
112,144 109,374

TIM ALLEN RESTAURANTS LIMITED (REGISTERED NUMBER: 13327602)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.25 31.3.24
£    £   
Net obligations repayable:
Within one year 3,891 -
Between one and five years 28,878 -
32,769 -

Non-cancellable operating leases
31.3.25 31.3.24
£    £   
Within one year 50,748 49,310
Between one and five years 8,458 59,206
59,206 108,516

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Bank loans 106,697 133,205
Hire purchase contracts 32,769 -
139,466 133,205

The bank loan is secured by fixed and floating charges held by the bank over the assets of the company. The hire purchase liability is secured against the asset to which it relates.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
£    £   
T Allen
Balance outstanding at start of year - 24,867
Amounts advanced 59,136 -
Amounts repaid (45,000 ) (24,867 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,136 -

Interest is charged on the outstanding balance at the beneficial loan official rate of interest. The loan is repayable upon demand.