Company registration number 05709706 (England and Wales)
ESTUARY RESTAURANTS LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
ESTUARY RESTAURANTS LIMITED
COMPANY INFORMATION
Director
Mr D C Bailey
Secretary
Mrs. M Bailey
Company number
05709706
Registered office
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
United Kingdom
CM12 0EQ
Accountants
Xeinadin Billericay Limited
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ
ESTUARY RESTAURANTS LIMITED
CONTENTS
Page
Director's report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Statement of changes in equity
5
Notes to the financial statements
6 - 11
ESTUARY RESTAURANTS LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The director presents his annual report and financial statements for the year ended 31 March 2025.

Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

Mr D C Bailey
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr D C Bailey
Director
11 August 2025
ESTUARY RESTAURANTS LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ESTUARY RESTAURANTS LIMITED FOR THE YEAR ENDED 31 MARCH 2025
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Estuary Restaurants Limited for the year ended 31 March 2025 which comprise the profit and loss account, the balance sheet, the statement of changes in equity and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Estuary Restaurants Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Estuary Restaurants Limited and state those matters that we have agreed to state to the board of directors of Estuary Restaurants Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Estuary Restaurants Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Estuary Restaurants Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Estuary Restaurants Limited. You consider that Estuary Restaurants Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Estuary Restaurants Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Xeinadin Billericay Limited
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ
11 August 2025
ESTUARY RESTAURANTS LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
2025
2024
Notes
£
£
Turnover
3,335,409
3,354,106
Cost of sales
(1,154,117)
(1,268,846)
Gross profit
2,181,292
2,085,260
Administrative expenses
(1,973,560)
(1,762,153)
Other operating income
11,150
6,450
Operating profit
218,882
329,557
Interest receivable and similar income
31,739
13,434
Interest payable and similar expenses
(6,925)
(1,580)
Profit before taxation
243,696
341,411
Tax on profit
3
(66,814)
(91,802)
Profit for the financial year
176,882
249,609

The profit and loss account has been prepared on the basis that all operations are continuing operations.

ESTUARY RESTAURANTS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 4 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
5
589,164
685,355
Current assets
Stocks
30,000
33,000
Debtors
6
35,261
34,601
Cash at bank and in hand
1,158,631
1,088,083
1,223,892
1,155,684
Creditors: amounts falling due within one year
7
(358,882)
(407,854)
Net current assets
865,010
747,830
Total assets less current liabilities
1,454,174
1,433,185
Creditors: amounts falling due after more than one year
8
(37,975)
(84,610)
Provisions for liabilities
(20,880)
(30,138)
Net assets
1,395,319
1,318,437
Capital and reserves
Called up share capital
11
100
100
Profit and loss reserves
1,395,219
1,318,337
Total equity
1,395,319
1,318,437

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

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The financial statements were approved and signed by the director and authorised for issue on 11 August 2025
Mr D C Bailey
Director
Company registration number 05709706 (England and Wales)
ESTUARY RESTAURANTS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 April 2023
100
1,168,728
1,168,828
Year ended 31 March 2024:
Profit and total comprehensive income
-
249,609
249,609
Dividends
-
(100,000)
(100,000)
Balance at 31 March 2024
100
1,318,337
1,318,437
Year ended 31 March 2025:
Profit and total comprehensive income
-
176,882
176,882
Dividends
-
(100,000)
(100,000)
Balance at 31 March 2025
100
1,395,219
1,395,319
ESTUARY RESTAURANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
1
Accounting policies
Company information

Estuary Restaurants Limited is a private company limited by shares incorporated in England and Wales. The registered office is Lakeview House, 4 Woodbrook Crescent, Billericay, Essex, United Kingdom, CM12 0EQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

 

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is [XXXX].

 

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Short leasehold
Over the period of lease
Leasehold improvements
Over the period of the lease
Plant and machinery
25% on reducing balance
Fixtures and fittings
20% on reducing balance
Motor vehicles
25% on reducing balance
ESTUARY RESTAURANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 7 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
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.

1.8
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

ESTUARY RESTAURANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
89
64
3
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
76,072
97,712
Deferred tax
Origination and reversal of timing differences
(9,258)
(5,910)
Total tax charge
66,814
91,802
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
87,948
Amortisation and impairment
At 1 April 2024 and 31 March 2025
87,948
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
-
0
ESTUARY RESTAURANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 9 -
5
Tangible fixed assets
Short leasehold
Leasehold improvements
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 April 2024
549,010
196,583
225,483
189,055
163,297
1,323,428
Additions
-
0
10,000
-
0
2,475
138,230
150,705
Disposals
-
0
-
0
-
0
-
0
(145,047)
(145,047)
At 31 March 2025
549,010
206,583
225,483
191,530
156,480
1,329,086
Depreciation and impairment
At 1 April 2024
270,936
64,247
165,689
124,725
12,476
638,073
Depreciation charged in the year
29,266
8,196
14,985
13,401
36,001
101,849
At 31 March 2025
300,202
72,443
180,674
138,126
48,477
739,922
Carrying amount
At 31 March 2025
248,808
134,140
44,809
53,404
108,003
589,164
At 31 March 2024
278,074
132,336
59,794
64,330
150,821
685,355
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
30,911
30,363
Prepayments and accrued income
4,350
4,238
35,261
34,601
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
9
10,000
10,000
Obligations under finance leases
10
36,482
33,867
Trade creditors
76,092
103,845
Corporation tax
76,072
97,712
Other taxation and social security
101,043
97,613
Accruals and deferred income
59,193
64,817
358,882
407,854
ESTUARY RESTAURANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 10 -
8
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
9
2,236
12,389
Obligations under finance leases
10
35,739
72,221
37,975
84,610
9
Loans and overdrafts
2025
2024
£
£
Bank loans
12,236
22,389
Payable within one year
10,000
10,000
Payable after one year
2,236
12,389

The bank loan is secured by a fixed and floating charge over all assets of the company.

10
Finance lease obligations
2025
2024
Future minimum lease payments due under finance leases:
£
£
Within one year
36,482
33,867
In two to five years
35,739
72,221
72,221
106,088
11
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
ordinary of £1 each
100
100
100
100
12
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
493,426
547,438
ESTUARY RESTAURANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 11 -
13
Directors' transactions

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

The following loan will be repaid in full within nine months and one day of the balance sheet date.

 

Interest on the above loan was calculated using HMRC's approved rates and is represented in the profit and loss account.

Description
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
Mr D C Bailey -
-
30,363
548
30,911
30,363
548
30,911
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