JMD Restaurants (Cardiff) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03883298 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

JMD Restaurants (Cardiff) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N B Martinez

Mrs J E Martinez

SECRETARY:

Mrs L J Dobson

REGISTERED OFFICE:

Custom House

Penarth Marina

Penarth

CF64 1TT

REGISTERED NUMBER:

03883298 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,898,055

1,907,064

Investment property

5

1,541,250

-

3,439,305

1,907,064

CURRENT ASSETS

Stocks

159,298

149,957

Debtors

6

341,872

544,857

Cash at bank

205,924

236,775

707,094

931,589

CREDITORS

Amounts falling due within one year

7

758,154

645,398

NET CURRENT (LIABILITIES)/ASSETS

(51,060

)

286,191

TOTAL ASSETS LESS CURRENT LIABILITIES

3,388,245

2,193,255

CREDITORS

Amounts falling due after more than one year

8

(1,379,153

)

(228,000

)

PROVISIONS FOR LIABILITIES

(109,558

)

(109,558

)

NET ASSETS

1,899,534

1,855,697

CAPITAL AND RESERVES

Called up share capital

256

Share premium

1,379,624

Capital redemption reserve

120

Retained earnings

519,534

475,697

SHAREHOLDERS' FUNDS

1,899,534

1,855,697

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

N B Martinez - Director

1.	STATUTORY INFORMATION

JMD Restaurants (Cardiff) 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.

Tangible fixed assets

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

Land and buildings

-

4% on cost

Plant and machinery etc

-

25% on cost and 15% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 53 (2023 - 45 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 October 2023

2,525,274

625,010

3,150,284

Additions

-

41,775

At 30 September 2024

2,525,274

666,785

3,192,059

DEPRECIATION

At 1 October 2023

903,434

339,786

1,243,220

Charge for year

42,647

8,137

50,784

At 30 September 2024

946,081

347,923

1,294,004

NET BOOK VALUE

At 30 September 2024

1,579,193

318,862

1,898,055

At 30 September 2023

1,621,840

285,224

1,907,064

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

1,541,250

At 30 September 2024

1,541,250

NET BOOK VALUE

At 30 September 2024

1,541,250

6.

DEBTORS

30.9.24

30.9.23

£

Amounts falling due within one year:

Trade debtors

29,884

13,251

Amounts owed by group undertakings

160,000

-

Other debtors

151,020

531,606

340,904

544,857

Amounts falling due after more than one year:

Amounts owed by group undertakings

968

-

Aggregate amounts

341,872

544,857

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

Bank loans and overdrafts

100,000

150,000

Trade creditors

132,985

149,513

Amounts owed to group undertakings

58,786

Taxation and social security

169,497

155,628

Other creditors

296,886

131,471

758,154

645,398

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

Amounts owed to group undertakings

1,249,153

98,000

Other creditors

130,000

1,379,153

228,000