REGISTERED NUMBER: 06008700 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Benedetto Restaurants Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P Benedetto

Mr C Benedetto

Mr P Benedetto

REGISTERED OFFICE:

Lewis House

Great Chesterford Court

Great Chesterford

Essex

CB10 1PF

REGISTERED NUMBER:

06008700 (England and Wales)

FIXED ASSETS

Intangible assets

5

107,623

124,523

Tangible assets

6

131,455

147,031

239,078

271,554

CURRENT ASSETS

Stocks

10,179

22,734

Debtors

7

203,424

307,546

Cash at bank and in hand

26,742

75,117

240,345

405,397

CREDITORS

Amounts falling due within one year

8

308,925

433,467

NET CURRENT LIABILITIES

(68,580

)

(28,070

)

TOTAL ASSETS LESS CURRENT LIABILITIES

170,498

243,484

CREDITORS

Amounts falling due after more than one year

9

(359,313

)

(413,441

)

PROVISIONS FOR LIABILITIES

(11,489

)

(13,199

)

NET LIABILITIES

(200,304

)

(183,156

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(200,404

)

(183,256

)

SHAREHOLDERS' FUNDS

(200,304

)

(183,156

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 29 September 2025 and were signed on its behalf by:

Mr P Benedetto - Director

1.	STATUTORY INFORMATION

Benedetto 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 2007, is being amortised evenly over its estimated useful life of twenty 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 the cost less estimated residual value of each asset over its estimated useful life.

Improvements to property

-

over the remaining life of the lease

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% 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.

Financial instruments

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

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, 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 cost.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern

The Company incurred a loss for the year and as at the year end has, as disclosed on the balance sheet, net liabilities. The financial statements are prepared on the going concern basis on the assumption that the Company will continue to have adequate resources to enable it to meet its liabilities as they fall due

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2023 - 56 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

337,999

AMORTISATION

At 1 January 2024

213,476

Charge for year

16,900

At 31 December 2024

230,376

NET BOOK VALUE

At 31 December 2024

107,623

At 31 December 2023

124,523

6.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

47,749

91,315

97,357

236,421

DEPRECIATION

At 1 January 2024

24,696

26,311

38,383

89,390

Charge for year

3,175

6,501

5,900

15,576

At 31 December 2024

27,871

32,812

44,283

104,966

NET BOOK VALUE

At 31 December 2024

19,878

58,503

53,074

131,455

At 31 December 2023

23,053

65,004

58,974

147,031

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

9,987

27,892

Other debtors

193,437

279,654

203,424

307,546

Included within other debtors disclosed above is a balance of £1,692 (2023 - £7,102) in relation to prepaid expenses, a balance of £18,203 (2023 - £18,203) in relation to rent deposits, a balance of £30,337 (2023 - £30,337) in relation to recoverable S455 tax, a balance of £1,100 (2023 - £1,100) in relation to other debtors and a balance of £142,105 (2023 - £222,912) in relation to the Directors' loan accounts.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

50,104

47,505

Trade creditors

80,956

151,268

Taxation and social security

141,871

173,827

Other creditors

35,994

60,867

308,925

433,467

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

350,164

399,292

Other creditors

9,149

14,149

359,313

413,441

2024

2023

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

150,724

203,824

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

76,500

169,000

Between one and five years

102,000

184,875

178,500

353,875

11.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

400,268

446,797

The debenture from Barclays Bank Plc has the following debenture's over Benedetto Restaurants Limited. The company has provided a guarantee of both a fixed and floating charge of the companies assets.