Silverfin false false 30/11/2024 01/12/2023 30/11/2024 P Murphy 03/09/2003 M Voutsas 03/09/2003 27 August 2025 The principal activity of the Company during the financial year was that of a restaurant. 04885187 2024-11-30 04885187 bus:Director1 2024-11-30 04885187 bus:Director2 2024-11-30 04885187 2023-11-30 04885187 core:CurrentFinancialInstruments 2024-11-30 04885187 core:CurrentFinancialInstruments 2023-11-30 04885187 core:ShareCapital 2024-11-30 04885187 core:ShareCapital 2023-11-30 04885187 core:RetainedEarningsAccumulatedLosses 2024-11-30 04885187 core:RetainedEarningsAccumulatedLosses 2023-11-30 04885187 core:Goodwill 2023-11-30 04885187 core:Goodwill 2024-11-30 04885187 core:LandBuildings 2023-11-30 04885187 core:OtherPropertyPlantEquipment 2023-11-30 04885187 core:LandBuildings 2024-11-30 04885187 core:OtherPropertyPlantEquipment 2024-11-30 04885187 2023-12-01 2024-11-30 04885187 bus:FilletedAccounts 2023-12-01 2024-11-30 04885187 bus:SmallEntities 2023-12-01 2024-11-30 04885187 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 04885187 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 04885187 bus:Director1 2023-12-01 2024-11-30 04885187 bus:Director2 2023-12-01 2024-11-30 04885187 core:Goodwill core:TopRangeValue 2023-12-01 2024-11-30 04885187 core:LandBuildings core:TopRangeValue 2023-12-01 2024-11-30 04885187 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-12-01 2024-11-30 04885187 2022-12-01 2023-11-30 04885187 core:Goodwill 1 2023-12-01 2024-11-30 04885187 1 2023-12-01 2024-11-30 04885187 core:LandBuildings 2023-12-01 2024-11-30 04885187 core:OtherPropertyPlantEquipment 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Company No: 04885187 (England and Wales)

PRIMA DONNAS RESTAURANT LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

PRIMA DONNAS RESTAURANT LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

PRIMA DONNAS RESTAURANT LIMITED

BALANCE SHEET

As at 30 November 2024
PRIMA DONNAS RESTAURANT LIMITED

BALANCE SHEET (continued)

As at 30 November 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 65,872 88,186
65,872 88,186
Current assets
Stocks 5 48,000 18,000
Debtors 6 42,334 22,463
Cash at bank and in hand 279,765 304,859
370,099 345,322
Creditors: amounts falling due within one year 7 ( 163,986) ( 177,893)
Net current assets 206,113 167,429
Total assets less current liabilities 271,985 255,615
Provision for liabilities ( 7,686) ( 10,127)
Net assets 264,299 245,488
Capital and reserves
Called-up share capital 100 100
Profit and loss account 264,199 245,388
Total shareholders' funds 264,299 245,488

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Prima Donnas Restaurant Limited (registered number: 04885187) were approved and authorised for issue by the Board of Directors on 27 August 2025. They were signed on its behalf by:

M Voutsas
Director
PRIMA DONNAS RESTAURANT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
PRIMA DONNAS RESTAURANT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Prima Donnas Restaurant Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1-3 Red Lodge Road, West Wickham, BR4 0EL, United Kingdom.

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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

After reviewing the company's forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 20 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 5 years straight line
Plant and machinery etc. 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the debtors are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 27 26

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 December 2023 150,000 150,000
0 0
At 30 November 2024 150,000 150,000
Accumulated amortisation
At 01 December 2023 150,000 150,000
At 30 November 2024 150,000 150,000
Net book value
At 30 November 2024 0 0
At 30 November 2023 0 0

4. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 December 2023 239,520 156,750 396,270
Additions 0 2,679 2,679
At 30 November 2024 239,520 159,429 398,949
Accumulated depreciation
At 01 December 2023 191,843 116,241 308,084
Charge for the financial year 12,549 12,444 24,993
At 30 November 2024 204,392 128,685 333,077
Net book value
At 30 November 2024 35,128 30,744 65,872
At 30 November 2023 47,677 40,509 88,186

5. Stocks

2024 2023
£ £
Stocks 48,000 18,000

6. Debtors

2024 2023
£ £
Other debtors 42,334 22,463

7. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 53,643 91,887
Taxation and social security 64,698 68,948
Other creditors 45,645 17,058
163,986 177,893

8. Related party transactions

Transactions with owners holding a participating interest in the entity

2024 2023
£ £
Amounts owed to shareholders 5,987 6,787

The loans are unsecured, repayable on demand and provided interest free.

Transactions with the entity's directors

2024 2023
£ £
Amounts due from directors 13,935 18,268

During the year the company made advances of £132,993 (2023- £166,141) and received repayments of £137,326 (2023 - £102,231). The amounts owed to the directors are unsecured, interest free and repayable on demand.