REGISTERED NUMBER: 06125411 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Harry's Restaurants Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

Ms S Pounds

REGISTERED OFFICE:

5 Barnfield Crescent

Exeter

Devon

EX1 1 RF

REGISTERED NUMBER:

06125411 (England and Wales)

ACCOUNTANTS:

Kirk Hills Business Advisors

a trading name of RT Marke &

Co Ltd Chartered Accountants

5 Barnfield Crescent

Exeter

Devon

EX1 1QT

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

460,666

471,522

Investment property

6

860,917

827,512

1,321,583

1,299,034

CURRENT ASSETS

Stocks

10,000

10,000

Debtors

7

6,662

58,581

Cash at bank and in hand

260,834

243,681

277,496

312,262

CREDITORS

Amounts falling due within one year

8

323,197

318,645

NET CURRENT LIABILITIES

(45,701

)

(6,383

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,275,882

1,292,651

CREDITORS

Amounts falling due after more than one year

9

(112,750

)

(296,944

)

PROVISIONS FOR LIABILITIES

(92,819

)

(92,935

)

NET ASSETS

1,070,313

902,772

CAPITAL AND RESERVES

Called up share capital

10

104

104

Revaluation reserve

11

88,200

88,200

Retained earnings

982,009

814,468

SHAREHOLDERS' FUNDS

1,070,313

902,772

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 30 September 2025 and were signed by:

Ms S Pounds - Director

1.	STATUTORY INFORMATION

Harry's 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.	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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised over its useful life.

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 each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

20% on cost and 10% 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

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling cost in bringing stocks to their present location and condition.

Financial instruments

i) Financial assets

Basic financial assets, including trade and other debtors are initially recognised at the transaction price and therefore stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the debtors are stated at cost less impairment losses for bad and doubtful debts.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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 32 (2024 - 29 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

90,000

AMORTISATION

At 1 April 2024

and 31 March 2025

90,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Freehold

Improvements

Plant and

property

to property

machinery

£

£

£

COST

At 1 April 2024

273,603

34,195

175,812

Additions

-

-

24,037

Disposals

-

-

(1,984

)

At 31 March 2025

273,603

34,195

197,865

DEPRECIATION

At 1 April 2024

49,248

4,092

111,729

Charge for year

5,472

684

24,827

Eliminated on disposal

-

-

(1,595

)

At 31 March 2025

54,720

4,776

134,961

NET BOOK VALUE

At 31 March 2025

218,883

29,419

62,904

At 31 March 2024

224,355

30,103

64,083

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

412,440

9,583

905,633

Additions

27,402

2,665

54,104

Disposals

-

-

(1,984

)

At 31 March 2025

439,842

12,248

957,753

DEPRECIATION

At 1 April 2024

262,787

6,255

434,111

Charge for year

32,380

1,208

64,571

Eliminated on disposal

-

-

(1,595

)

At 31 March 2025

295,167

7,463

497,087

NET BOOK VALUE

At 31 March 2025

144,675

4,785

460,666

At 31 March 2024

149,653

3,328

471,522

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

827,512

Additions

33,405

At 31 March 2025

860,917

NET BOOK VALUE

At 31 March 2025

860,917

At 31 March 2024

827,512

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

6,662

58,581

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

(511

)

63,542

Trade creditors

63,682

47,353

Taxation and social security

132,705

119,383

Other creditors

127,321

88,367

323,197

318,645

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

-

181,194

Other creditors

112,750

115,750

112,750

296,944

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid

Number

Class

Nominal value:

31.03.25

31.03.24

£

£

100

Ordinary

£1

100

100

1

Ordinary B

£1

1

1

1

Ordinary C

£1

1

1

1

Ordinary D

£1

1

1

1

Ordinary E

£1

1

1

104

104

All share types have full voting rights. On the winding up of the Company each share is entitled to a distribution.

11.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

88,200

12.	RELATED PARTY DISCLOSURES

The company rents a commercial property from a pension scheme in which the company’s director and one of shareholders is a beneficiary.

The rental agreement is conducted on an arm’s length basis and the rent paid during the year was £15,000 (2024- £5,000), which is considered to reflect market value.

There were no outstanding balances owed to or from the pension scheme at the year-end.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Harry's Restaurants Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Harry's Restaurants Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Harry's Restaurants Limited and state those matters that we have agreed to state to the director of Harry's Restaurants Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Harry's Restaurants Limited and its director for our work or for this report.

It is your duty to ensure that Harry's Restaurants Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Harry's Restaurants Limited. You consider that Harry's Restaurants Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Harry's Restaurants Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kirk Hills Business Advisors

a trading name of RT Marke &

Co Ltd Chartered Accountants

5 Barnfield Crescent

Exeter

Devon

EX1 1QT

Date: .............................................