REGISTERED NUMBER: 03901334 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

LA BODEGA TAPAS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J Gil-Rios

SECRETARY:

Commercial Secretariat Limited

REGISTERED OFFICE:

Mercury House

19-21 Chapel Street

Marlow

Bucks

SL7 3HN

REGISTERED NUMBER:

03901334 (England and Wales)

ACCOUNTANTS:

Richardson Jones

Chartered Accountants

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

FIXED ASSETS

Tangible assets

4

1,120,000

1,120,000

Investment property

5

3,203,920

3,203,920

4,323,920

4,323,920

CURRENT ASSETS

Debtors

6

53,718

44,980

Cash at bank

78,780

71,011

132,498

115,991

CREDITORS

Amounts falling due within one year

7

317,046

316,704

NET CURRENT LIABILITIES

(184,548

)

(200,713

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,139,372

4,123,207

CREDITORS

Amounts falling due after more than one year

8

(574,048

)

(652,508

)

PROVISIONS FOR LIABILITIES

(276,461

)

(276,461

)

NET ASSETS

3,288,863

3,194,238

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

3,288,862

3,194,237

SHAREHOLDERS' FUNDS

3,288,863

3,194,238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 25 September 2025 and were signed by:

Mr J Gil-Rios - Director

1.	STATUTORY INFORMATION

La Bodega Tapas 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 as modified by the revaluation of certain assets.

Turnover

Turnover consists of income from the letting of restaurants and the letting of rooms, and 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.

Depreciation is provided on the freehold property based on the difference between book value and estimated residual value, charged over the estimated useful life of the property. The directors are of the opinion that, having regard to estimated residual values and the estimated useful economic life, any depreciation involved, either annual or cumulative, would not be material. The property is subject to an annual impairment review.

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.

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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 February 2024

and 31 January 2025

1,120,000

NET BOOK VALUE

At 31 January 2025

1,120,000

At 31 January 2024

1,120,000

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

and 31 January 2025

3,203,920

NET BOOK VALUE

At 31 January 2025

3,203,920

At 31 January 2024

3,203,920

40% of one of the properties relates to the part of a freehold building occupied by the company and used as a boutique hotel and is shown under freehold property in tangible fixed assets. The remaining 60% is included under investment property and relates to the rest of the property which is leased to a tenant and who operates a restaurant business form that part of the building.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

48,271

37,702

Other debtors

5,447

7,278

53,718

44,980

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

86,131

111,855

Trade creditors

2,004

3,792

Taxation and social security

86,357

61,749

Other creditors

142,554

139,308

317,046

316,704

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

574,048

652,508

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Bank loans

660,179

764,363

The bank loans are secured by a charge over the freehold properties.