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Registered number: 06328084









MORITO LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2025

 
MORITO LIMITED
REGISTERED NUMBER: 06328084

BALANCE SHEET
AS AT 30 APRIL 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
24,020
39,126

  
24,020
39,126

Current assets
  

Stocks
 5 
19,902
22,747

Debtors: amounts falling due within one year
 6 
1,437,529
1,430,189

Cash at bank and in hand
 7 
103,320
113,646

  
1,560,751
1,566,582

Creditors: amounts falling due within one year
 8 
(178,547)
(253,761)

Net current assets
  
 
 
1,382,204
 
 
1,312,821

Total assets less current liabilities
  
1,406,224
1,351,947

Provisions for liabilities
  

Deferred tax
 9 
(472)
(3,033)

  
 
 
(472)
 
 
(3,033)

Net assets
  
1,405,752
1,348,914


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,405,652
1,348,814

  
1,405,752
1,348,914


Page 1

 
MORITO LIMITED
REGISTERED NUMBER: 06328084
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2025

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 statement of income and retained earnings 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: 




S M Clark
Director

Date: 22 August 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
MORITO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025

1.


General information

Morito Limited is a Limited company incorporated in the United Kingdom. The registered office is 34-36 Exmouth Market, London, EC1R 4QE.
The principal activity during the year was the running of a restaurant.
The financial statements are presented in sterling which is the functional currency of the company and arounded to the nearest pound. 
The significant accounting policies applied in preparation of these financial statements are set out below. THese policies have been consistently applied to all years presented unless otherwise stated. 

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.

 
2.2

Revenue

The company's turnover comprises revenue received in respect of food and beverage sales in relation to the restaurant business during the period, exclusive of Value Added Tax and trade discounts.

 
2.3

Interest income

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

 
2.4

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.

Page 3

 
MORITO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025

2.Accounting policies (continued)

 
2.5

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.


  
2.6

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the Balance Sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the Balance Sheet date.

 
2.7

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, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Fixtures and fittings
-
25%
Office equipment
-
25%

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

Page 4

 
MORITO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025

3.


Employees

The average monthly number of employees, including directors, during the year was 40 (2024 - 46).


4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2024
193,959
227,367
58,735
480,061


Additions
-
13,610
2,763
16,373


Disposals
-
-
(2,495)
(2,495)



At 30 April 2025

193,959
240,977
59,003
493,939



Depreciation


At 1 May 2024
193,959
200,993
45,984
440,936


Charge for the year on owned assets
-
23,195
8,283
31,478


Disposals
-
-
(2,495)
(2,495)



At 30 April 2025

193,959
224,188
51,772
469,919



Net book value



At 30 April 2025
-
16,789
7,231
24,020



At 30 April 2024
-
26,374
12,752
39,126


5.


Stocks

2025
2024
£
£

Finished goods and goods for resale
19,902
22,747

19,902
22,747


Page 5

 
MORITO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025


6.


Debtors

2025
2024
£
£


Trade debtors
5,380
6,394

Amounts due from connected companies
1,417,108
1,401,178

Prepayments and accrued income
15,041
22,617

1,437,529
1,430,189



7.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
103,320
113,646

103,320
113,646



8.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
59,024
75,108

Corporation tax
20,829
55,066

Other taxation and social security
48,815
55,559

Other creditors
35,934
49,965

Accruals and deferred income
13,945
18,063

178,547
253,761


Page 6

 
MORITO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025

9.


Deferred taxation



2025


£






At beginning of year
(3,033)


Charged to profit or loss
2,561



At end of year
(472)

The provision for deferred taxation is made up as follows:

2025
£


Accelerated capital allowances
(472)

(472)


10.


Pension commitments

The company operated a defined contribution pension shceme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £8,774 (2024: £8,069).
The outstanding balance at the year end was £1,463 
(2024: £1,589).


11.


Related party transactions

Rent of £75,000 was paid to a company under common ownership. Mr S W Clark and Mrs S M Clark are both directors of the company.
As at the balance sheet date, £1,417,108 was due 
(2024: £1,401,178) from the company under common ownership.


12.


Controlling party

Morito Limited is a subsidiary of Glenhurst Restaurant Limited, a company incorporated in England and Wales. 
As at the balance sheet date, the ultimate controlling company is Glenhurst Restaurant Limited.

 
Page 7