REGISTERED NUMBER: 07164977 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

RED AND BLUE RESTAURANTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J J R Poole

C Poole

P J Smith

J Smith

M W Walsh

REGISTERED OFFICE:

47 Castle Street

Liverpool

L2 9UB

REGISTERED NUMBER:

07164977 (England and Wales)

ACCOUNTANTS:

Additions

Chartered Accountants

One Derby Square

Liverpool

L2 9QR

FIXED ASSETS

Tangible assets

4

214,800

829,941

Investments

5

2

2

214,802

829,943

CURRENT ASSETS

Stocks

22,551

65,821

Debtors

6

1,283,601

232,209

Cash at bank and in hand

268,820

535,780

1,574,972

833,810

CREDITORS

Amounts falling due within one year

7

667,862

1,392,568

NET CURRENT ASSETS/(LIABILITIES)

907,110

(558,758

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,121,912

271,185

CREDITORS

Amounts falling due after more than one year

8

-

(95,833

)

PROVISIONS FOR LIABILITIES

(26,547

)

(81,264

)

NET ASSETS

1,095,365

94,088

CAPITAL AND RESERVES

Called up share capital

88

90

Share premium

26,000

26,000

Capital redemption reserve

12

10

Retained earnings

1,069,265

67,988

1,095,365

94,088

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:

J J R Poole - Director

1.	STATUTORY INFORMATION

Red And Blue 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.

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.

Going concern

On the basis of current financial projections and facilities available to the company the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they consider that it is appropriate to adopt the going concern basis in preparing the financial statements.

Preparation of consolidated financial statements

The financial statements contain information about Red And Blue Restaurants Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

Improvements to leasehold property

-

5% straight line

Plant and machinery

-

20% straight line and 10% straight line

Fixtures and fittings

-

33% straight line and 20% straight line

Office equipment

-

33% straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

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.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Borrowings

Interest bearing loans are recorded at the proceeds received, net of direct issue costs. Finance charges, including premiums payable on settlement or redemption and direct issue costs, are accounted for on an accruals basis in the profit and loss account using the effective interest method and are added to the carrying amount of the instrument to the extent that they are not settled in the period in which they arise.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The capital element of the future payments is treated as a liability. The interest element of these obligations is charged to the profit and loss account over the relevant period so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Operating lease payments are recognised as an expense over the lease term on a straight line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term on a straight line basis.

Exceptional items

Exceptional items are disclosed separately in the financial statements where it is necessary to do so to provide further understanding of the financial performance of the company. They are material items of income or expenditure which are of exceptional size or incidence.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 63 (2023 - 147 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Fixtures

leasehold

Plant and

and

Office

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

1,006,240

505,527

298,812

5,247

1,815,826

Additions

-

29,906

46,304

-

76,210

Disposals

(777,825

)

(415,140

)

(182,738

)

(5,247

)

(1,380,950

)

At 31 December 2024

228,415

120,293

162,378

-

511,086

DEPRECIATION

At 1 January 2024

410,798

314,218

255,622

5,247

985,885

Charge for year

12,947

10,433

13,011

-

36,391

Eliminated on disposal

(303,944

)

(252,013

)

(164,786

)

(5,247

)

(725,990

)

At 31 December 2024

119,801

72,638

103,847

-

296,286

NET BOOK VALUE

At 31 December 2024

108,614

47,655

58,531

-

214,800

At 31 December 2023

595,442

191,309

43,190

-

829,941

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

2

Additions

1

Disposals

(1

)

At 31 December 2024

2

NET BOOK VALUE

At 31 December 2024

2

At 31 December 2023

2

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

1,194,816

-

Other debtors

88,785

232,209

1,283,601

232,209

Amounts owed by group undertakings are unsecured, interest free, and have no fixed date of repayment.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

-

53,692

Trade creditors

181,857

381,939

Taxation and social security

375,120

765,899

Other creditors

110,885

191,038

667,862

1,392,568

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

-

95,833

9.	LEASING AGREEMENTS

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

2024

2023

£

£

Within one year

-

233,000

Between one and five years

-

930,000

In more than five years

-

1,803,000

-

2,966,000

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

-

149,525

Bank loans were secured by fixed and floating charges over the assets of the company.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

P J Smith

Balance outstanding at start of year

-

10,000

Amounts repaid

-

(10,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Advances to directors are unsecured, interest free and have no fixed date for repayment.

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

During the year, the company provided an interest free loan to a limited liability partnership of which the directors are members. This loan was unsecured and had no fixed date for repayment. At 31 December 2024, the balance due to the company was £nil (2023 - £111,441). This balance was included within other debtors.

During the year, the company also provided an interest free loan to a company which was under common control. This loan was unsecured and had no fixed date for repayment. At 31 December 2023, the balance on the loan was £256,913 against which a bad debt provision of £256,913 was made. During the year ended 31 December 2024 a further loan of £46,561 was provided by the company, against which a bad debt provision of £46,561 was made. The loan was then written off in full prior to the year end.