REGISTERED NUMBER: 04649509 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

FOR

MARCO POLO RESTAURANTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Secci

SECRETARY:

S Secci

REGISTERED OFFICE:

68 Middle Street South

Driffield

East Yorkshire

YO25 6QF

REGISTERED NUMBER:

04649509 (England and Wales)

ACCOUNTANTS:

Jackson Robson Licence Limited

33-35 Exchange Street

Driffield

East Yorkshire

YO25 6LL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

162,429

164,372

162,429

164,372

CURRENT ASSETS

Stocks

5,000

5,000

Debtors

6

51,119

3,820

Cash at bank and in hand

6,697

7,759

62,816

16,579

CREDITORS

Amounts falling due within one year

7

227,568

169,483

NET CURRENT LIABILITIES

(164,752

)

(152,904

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,323

)

11,468

PROVISIONS FOR LIABILITIES

2,362

2,636

NET (LIABILITIES)/ASSETS

(4,685

)

8,832

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(4,785

)

8,732

SHAREHOLDERS' FUNDS

(4,685

)

8,832

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 July 2025 and were signed by:

M Secci - Director

1.	STATUTORY INFORMATION

Marco Polo Restaurants 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 15% 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 Income Statement, 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.

Pension costs and other post-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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 6 April 2024

and 5 April 2025

16,000

AMORTISATION

At 6 April 2024

and 5 April 2025

16,000

NET BOOK VALUE

At 5 April 2025

-

At 5 April 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 6 April 2024

150,500

66,910

217,410

Additions

-

599

599

At 5 April 2025

150,500

67,509

218,009

DEPRECIATION

At 6 April 2024

-

53,038

53,038

Charge for year

-

2,542

2,542

At 5 April 2025

-

55,580

55,580

NET BOOK VALUE

At 5 April 2025

150,500

11,929

162,429

At 5 April 2024

150,500

13,872

164,372

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by associates

8,496

-

Other debtors

42,623

3,820

51,119

3,820

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

169,843

26,492

Trade creditors

10,244

36,323

Amounts owed to associates

13,252

-

Taxation and social security

21,102

19,726

Other creditors

13,127

86,942

227,568

169,483

8.	RELATED PARTY DISCLOSURES

As at 5 April 2025 the director owed the company £36,081 (2024: company owed the director £75,585).

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M. Secci who owns all the shares in the company.