Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31falseOperating of a restaurantThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-11-01false2020falsetrue 10996490 2023-11-01 2024-10-31 10996490 2022-11-01 2023-10-31 10996490 2024-10-31 10996490 2023-10-31 10996490 c:Director1 2023-11-01 2024-10-31 10996490 d:PlantMachinery 2023-11-01 2024-10-31 10996490 d:PlantMachinery 2024-10-31 10996490 d:PlantMachinery 2023-10-31 10996490 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 10996490 d:FurnitureFittings 2023-11-01 2024-10-31 10996490 d:FurnitureFittings 2024-10-31 10996490 d:FurnitureFittings 2023-10-31 10996490 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 10996490 d:OfficeEquipment 2023-11-01 2024-10-31 10996490 d:OfficeEquipment 2024-10-31 10996490 d:OfficeEquipment 2023-10-31 10996490 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 10996490 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 10996490 d:Goodwill 2023-11-01 2024-10-31 10996490 d:Goodwill 2024-10-31 10996490 d:Goodwill 2023-10-31 10996490 d:CurrentFinancialInstruments 2024-10-31 10996490 d:CurrentFinancialInstruments 2023-10-31 10996490 d:Non-currentFinancialInstruments 2024-10-31 10996490 d:Non-currentFinancialInstruments 2023-10-31 10996490 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 10996490 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 10996490 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 10996490 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 10996490 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-10-31 10996490 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 10996490 d:ShareCapital 2024-10-31 10996490 d:ShareCapital 2023-10-31 10996490 d:RetainedEarningsAccumulatedLosses 2024-10-31 10996490 d:RetainedEarningsAccumulatedLosses 2023-10-31 10996490 d:AcceleratedTaxDepreciationDeferredTax 2024-10-31 10996490 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 10996490 c:FRS102 2023-11-01 2024-10-31 10996490 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 10996490 c:FullAccounts 2023-11-01 2024-10-31 10996490 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 10996490 2 2023-11-01 2024-10-31 10996490 d:Goodwill d:OwnedIntangibleAssets 2023-11-01 2024-10-31 10996490 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 10996490









RESTAURANT TWENTY TWO LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
RESTAURANT TWENTY TWO LIMITED
REGISTERED NUMBER: 10996490

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
24,067
31,667

Tangible assets
 5 
49,508
48,544

  
73,575
80,211

Current assets
  

Stocks
  
7,322
12,295

Debtors: amounts falling due within one year
 6 
48,865
2,228

Cash at bank and in hand
 7 
179,981
127,273

  
236,168
141,796

Creditors: amounts falling due within one year
 8 
(155,190)
(120,832)

Net current assets
  
 
 
80,978
 
 
20,964

Total assets less current liabilities
  
154,553
101,175

Creditors: amounts falling due after more than one year
  
(15,621)
(25,152)

Provisions for liabilities
  

Deferred tax
  
-
(715)

  
 
 
-
 
 
(715)

Net assets
  
138,932
75,308


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
138,832
75,208

  
138,932
75,308

Page 1

 
RESTAURANT TWENTY TWO LIMITED
REGISTERED NUMBER: 10996490
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A R Olivier
Director

Date: 26 July 2025

The notes on pages 3 to 10 form part of these financial statements.
Page 2

 
RESTAURANT TWENTY TWO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Restaurant Twenty Two Limited is a company/partnership limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the Company information page. The nature of the Company's operations and its principal activities are set out in the Directors’ report.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, the directors have adopted the going concern basis of accounting in preparing the financial statements

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
RESTAURANT TWENTY TWO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
RESTAURANT TWENTY TWO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.9

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Profit and Loss Account over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20 - 33% reducing balance
Fixtures and fittings
-
20 - 33% reducing balance
Office equipment
-
20 - 33% 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 profit or loss.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet 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.

Page 5

 
RESTAURANT TWENTY TWO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

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.

 
2.14

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.

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 20 (2023 - 20).

Page 6

 
RESTAURANT TWENTY TWO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Intangible assets



Goodwill

£



Cost


At 1 November 2023
76,000



At 31 October 2024

76,000



Amortisation


At 1 November 2023
44,333


Charge for the year on owned assets
7,600



At 31 October 2024

51,933



Net book value



At 31 October 2024
24,067



Page 7

 
RESTAURANT TWENTY TWO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 November 2023
66,988
32,594
2,881
102,463


Additions
6,467
4,603
1,453
12,523



At 31 October 2024

73,455
37,197
4,334
114,986



Depreciation


At 1 November 2023
34,106
17,287
2,526
53,919


Charge for the year on owned assets
8,283
2,966
310
11,559



At 31 October 2024

42,389
20,253
2,836
65,478



Net book value



At 31 October 2024
31,066
16,944
1,498
49,508


6.


Debtors

2024
2023
£
£


Other debtors
47,200
-

Prepayments and accrued income
1,665
2,228

48,865
2,228



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
179,981
127,273

179,981
127,273


Page 8

 
RESTAURANT TWENTY TWO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,103
10,428

Trade creditors
29,369
31,292

Corporation tax
26,926
25,793

Other taxation and social security
52,500
30,262

Other creditors
27,492
19,207

Accruals and deferred income
8,800
3,850

155,190
120,832



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
15,621
25,152

15,621
25,152



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,103
10,428


10,103
10,428

Amounts falling due 1-2 years

Bank loans
15,621
25,152


15,621
25,152



25,724
35,580


Page 9

 
RESTAURANT TWENTY TWO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

11.


Deferred taxation




2024


£






At beginning of year
(715)


Charged to profit or loss
715



At end of year
-

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
-
(715)

-
(715)


12.


Related party transactions

Included within other debtors is a balance of £43,215 (2023: £nil) due from a company under common control and an amount of £3,246 due from directors. No interest has been charged on these loans and they are repayable upon demand.

 
Page 10