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REGISTERED NUMBER: 08784323 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

MILL BAY MARINA RESTAURANT LIMITED

MILL BAY MARINA RESTAURANT LIMITED (REGISTERED NUMBER: 08784323)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MILL BAY MARINA RESTAURANT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: Ms K Hajiyianni
Mr C Hajiyianni





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 08784323 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

MILL BAY MARINA RESTAURANT LIMITED (REGISTERED NUMBER: 08784323)

BALANCE SHEET
30 NOVEMBER 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 144,860 154,951

CURRENT ASSETS
Stocks 5 7,650 8,250
Debtors 6 38,145 25,771
Cash at bank and in hand 9,503 44,501
55,298 78,522
CREDITORS
Amounts falling due within one year 7 111,599 130,989
NET CURRENT LIABILITIES (56,301 ) (52,467 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,559

102,484

PROVISIONS FOR LIABILITIES 9 27,712 27,712
NET ASSETS 60,847 74,772

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 60,747 74,672
SHAREHOLDERS' FUNDS 60,847 74,772

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MILL BAY MARINA RESTAURANT LIMITED (REGISTERED NUMBER: 08784323)

BALANCE SHEET - continued
30 NOVEMBER 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 13 May 2025 and were signed on its behalf by:





Mr M Hajiyianni - Director


MILL BAY MARINA RESTAURANT LIMITED (REGISTERED NUMBER: 08784323)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Mill Bay Marina Restaurant 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.
Fixtures fittings & equipment - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

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

MILL BAY MARINA RESTAURANT LIMITED (REGISTERED NUMBER: 08784323)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 32 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
fittings Motor Computer
Lease & equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 7,210 301,836 13,745 2,582 325,373
Additions - - 5,750 - 5,750
At 30 November 2024 7,210 301,836 19,495 2,582 331,123
DEPRECIATION
At 1 December 2023 - 161,207 7,946 1,269 170,422
Charge for year - 14,063 1,450 328 15,841
At 30 November 2024 - 175,270 9,396 1,597 186,263
NET BOOK VALUE
At 30 November 2024 7,210 126,566 10,099 985 144,860
At 30 November 2023 7,210 140,629 5,799 1,313 154,951

5. STOCKS
30.11.24 30.11.23
£    £   
Stocks 7,650 8,250

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Other debtors 38,145 25,771

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts (see note 8) 15,307 25,635
Hire purchase contracts - 2,332
Trade creditors 33,340 50,547
Tax 11,520 -
Social security and other taxes 5,399 8,080
VAT 40,864 38,779
Pension 969 1,416
Accrued expenses 4,200 4,200
111,599 130,989

MILL BAY MARINA RESTAURANT LIMITED (REGISTERED NUMBER: 08784323)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


8. LOANS

An analysis of the maturity of loans is given below:

30.11.24 30.11.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 15,307 25,635

9. PROVISIONS FOR LIABILITIES
30.11.24 30.11.23
£    £   
Deferred tax 27,712 27,712

Deferred
tax
£   
Balance at 1 December 2023 27,712
Balance at 30 November 2024 27,712

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
100 Ordinary Shares £1 100 100