REGISTERED NUMBER: 05676891 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Cafe Destino Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M E Topcu

A M Topcu

SECRETARY:

Mrs M E Topcu

REGISTERED OFFICE:

21-23 Church Street

Basingstoke

Hampshire

RG21 7QQ

REGISTERED NUMBER:

05676891 (England and Wales)

ACCOUNTANTS:

Lane Monnington Welton

Chartered Accountants

Riverside View

Basing Road

Old Basing

Basingstoke

Hampshire

RG24 7AL

FIXED ASSETS

Tangible assets

4

838,673

922,676

CURRENT ASSETS

Stocks

18,359

20,889

Debtors

5

796,943

1,022,693

Cash at bank and in hand

376,914

299,010

1,192,216

1,342,592

CREDITORS

Amounts falling due within one year

6

439,389

462,760

NET CURRENT ASSETS

752,827

879,832

TOTAL ASSETS LESS CURRENT LIABILITIES

1,591,500

1,802,508

CREDITORS

Amounts falling due after more than one year

7

(5,749

)

(16,412

)

PROVISIONS FOR LIABILITIES

9

(14,453

)

(17,753

)

NET ASSETS

1,571,298

1,768,343

CAPITAL AND RESERVES

Called up share capital

10

70

70

Capital redemption reserve

30

30

Retained earnings

1,571,198

1,768,243

SHAREHOLDERS' FUNDS

1,571,298

1,768,343

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2025 and were signed on its behalf by:

A M Topcu - Director

1.	STATUTORY INFORMATION

Cafe Destino 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.

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.

Freehold property

-

5% on cost

Leasehold Improvements

-

5% on cost

Catering equipment

-

25% on reducing balance

Barber shop equipment

-

25% on reducing balance

Motor vehicles

-

25% on cost

Office equipment

-

25% 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

Debtors and creditors payable/receivable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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, adjusted for indexation where applicable.

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.

Impairment

Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2024 - 45 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Leasehold

Catering

property

Improvements

equipment

£

£

£

COST

At 1 April 2024

1,212,304

274,209

157,843

Additions

-

-

1,105

At 31 March 2025

1,212,304

274,209

158,948

DEPRECIATION

At 1 April 2024

445,093

163,786

129,836

Charge for year

60,616

15,685

7,292

At 31 March 2025

505,709

179,471

137,128

NET BOOK VALUE

At 31 March 2025

706,595

94,738

21,820

At 31 March 2024

767,211

110,423

28,007

Barber

shop

Motor

Office

equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

6,559

2,488

133,573

1,786,976

Additions

335

3,000

1,397

5,837

At 31 March 2025

6,894

5,488

134,970

1,792,813

DEPRECIATION

At 1 April 2024

6,067

1,244

118,274

864,300

Charge for year

209

1,372

4,666

89,840

At 31 March 2025

6,276

2,616

122,940

954,140

NET BOOK VALUE

At 31 March 2025

618

2,872

12,030

838,673

At 31 March 2024

492

1,244

15,299

922,676

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

887

-

Other debtors

796,056

1,022,693

796,943

1,022,693

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,000

9,337

Trade creditors

37,194

207,086

Taxation and social security

273,642

189,962

Other creditors

118,553

56,375

439,389

462,760

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

5,749

16,412

8.	LEASING AGREEMENTS

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

31.3.25

31.3.24

£

£

Within one year

169,610

169,610

Between one and five years

168,797

338,407

338,407

508,017

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

Accelerated capital allowances

14,717

17,902

Other timing differences

(264

)

(149

)

14,453

17,753

Deferred

tax

£

Balance at 1 April 2024

17,753

Provided during year

(3,300

)

Balance at 31 March 2025

14,453

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

70

Ordinary

£1

70

70

11.	RELATED PARTY DISCLOSURES

AMT Homes Limited, a company in which A M Topcu is a director and shareholder, owes Cafe Destino Limited £717,874 (2024 - £935,630) which is shown within other debtors.