LPR Restaurants Ltd

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2—4

Registered number: 15154314

		30 September 2024
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		29,863

			29,863
CURRENT ASSETS
Stocks	5	10,500
Debtors	6	5,850
Cash at bank and in hand		72,960

		89,310
Creditors: Amounts Falling Due Within One Year	7	(89,940 )

NET CURRENT ASSETS (LIABILITIES)			(630 )

TOTAL ASSETS LESS CURRENT LIABILITIES			29,233

Creditors: Amounts Falling Due After More Than One Year	8		(43,285 )

NET LIABILITIES			(14,052 )

CAPITAL AND RESERVES
Called up share capital			10
Income Statement			(14,062 )

SHAREHOLDERS' FUNDS			(14,052)

For the period ending 30 September 2024 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mrs L S Devadiga

Director

20 September 2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

LPR Restaurants Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15154314 . The registered office is 55-59 Deansgate, Bolton, BL1 1HQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared on the historical costs basis.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements cover the period from 21 Septemberl 2023 to 30 September 2024.

Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

2.2. Going Concern Disclosure

Despite the fact that liabilities exceeded assets at 30 September 2024, the Directors are of the opinion that sufficient funding is available to the Company to enable it to meet its own liabilities as and when they fall due. The accounts have therefore been prepared on a going concern basis.

2.3. Significant judgements and estimations

The preparation of the financial statements requires management to make judgments that affect the amounts reported. These judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Significant Judgements

The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements areas follows:

Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance are taken into account. Residual value assessments consider issues such as future mark conditions, the remaining life of the asset and project disposal values.

There are no key judgements required in preparing the financial statements.

2.4. Turnover

Turnover represents amounts receivable for services net of VAT and trade discounts in the normal course of business. Income is recognised when services are performed.

2.5. Tangible Fixed Assets and Depreciation

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings	20% straight line
Computer Equipment	20% straight line

2.6. Stocks and Work in Progress

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, cost of coversion and other costs incurred in bringing the stock to its present location and condition.

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LPR Restaurants Ltd

Notes to the Financial Statements (continued)

For the Period 21 September 2023 to 30 September 2024

2.7. Financial Instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised costs.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in the profit or loss immediately.

The company only has basic financial instruments.

2.8. Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

2.9. Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

3. Average Number of Employees

The average number of persons employed by the company during the period, including directors amounted to: 13

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 21 September 2023	32,356	2,090	34,446

As at 30 September 2024	32,356	2,090	34,446

Depreciation
As at 21 September 2023	4,270	313	4,583

As at 30 September 2024	4,270	313	4,583

Net Book Value
As at 30 September 2024	28,086	1,777	29,863

As at 21 September 2023	28,086	1,777	29,863

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LPR Restaurants Ltd

Notes to the Financial Statements (continued)

For the Period 21 September 2023 to 30 September 2024

5. Stocks

	30 September 2024
	£
Stock	10,500

6. Debtors

	30 September 2024
	£
Due within one year
Other debtors	5,850

7. Creditors: Amounts Falling Due Within One Year

	30 September 2024
	£
Bank loans and overdrafts	6,225
Other creditors	56,737
Taxation and social security	26,978

	89,940

8. Creditors: Amounts Falling Due After More Than One Year

	30 September 2024
	£
Bank loans	43,285

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