REGISTERED NUMBER: 11234798 (England and Wales)

Financial Statements for the Year Ended 28 September 2024

for

Indian Palace Restaurant Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J V Cherian

REGISTERED OFFICE:

42 Kelsey Crescent

Cambridge

United Kingdom

CB1 9XX

REGISTERED NUMBER:

11234798 (England and Wales)

ACCOUNTANTS:

Accountax Auditing Ltd

Unit 8, Dock Offices

Surrey Quays Road,

London

SE16 2XU

CURRENT ASSETS

Cash at bank

98

66

CREDITORS

Amounts falling due within one year

4

13,193

38,968

NET CURRENT LIABILITIES

(13,095

)

(38,902

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(13,095

)

(38,902

)

CREDITORS

Amounts falling due after more than one year

5

49,726

22,723

NET LIABILITIES

(62,821

)

(61,625

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(62,921

)

(61,725

)

SHAREHOLDERS' FUNDS

(62,821

)

(61,625

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 September 2024 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 27 September 2025 and were signed by:

J V Cherian - Director

1.	STATUTORY INFORMATION

Indian Palace Restaurant 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.9.24

28.9.23

£

£

Bank loans and overdrafts

6,643

6,643

Trade creditors

1,500

-

Directors' current accounts

4,300

30,825

Accrued expenses

750

1,500

13,193

38,968

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.9.24

28.9.23

£

£

Bank loans - 2-5 years

3,857

9,857

Amounts owed to/from related

parties

45,869

12,866

49,726

22,723