Mandarin Garden Restaurant Ltd

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 07527522

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		13,560		12,720

			13,560		12,720
CURRENT ASSETS
Stocks	6	4,350		4,200
Cash at bank and in hand		74,886		87,615

		79,236		91,815
Creditors: Amounts Falling Due Within One Year	7	(102,869 )		(104,832 )

NET CURRENT ASSETS (LIABILITIES)			(23,633 )		(13,017 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(10,073 )		(297 )

Creditors: Amounts Falling Due After More Than One Year	8		(12,500 )		(22,500 )

NET LIABILITIES			(22,573 )		(22,797 )

CAPITAL AND RESERVES
Called up share capital	9		3		3
Income Statement			(22,576 )		(22,800 )

SHAREHOLDERS' FUNDS			(22,573)		(22,797)

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Mandarin Garden Restaurant Ltd

Statement of Financial Position (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mrs Ching Ko

Director

30 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Mandarin Garden Restaurant Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07527522 . The registered office is 25 Lemon Street, Truro, Cornwall, TR1 2LS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the income statement over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	10% Reducing balance
Motor Vehicles	20% Reducing balance
Fixtures & Fittings	10% Reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 6)

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Mandarin Garden Restaurant Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	33,000

As at 31 March 2025	33,000

Amortisation
As at 1 April 2024	33,000

As at 31 March 2025	33,000

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	-

Gooddwill 9%

5. Tangible Assets

	Land & Property
	Leasehold	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 April 2024	10,879	6,250	14,642	31,771
Additions	-	-	2,440	2,440

As at 31 March 2025	10,879	6,250	17,082	34,211

Depreciation
As at 1 April 2024	7,465	5,411	6,175	19,051
Provided during the period	341	168	1,091	1,600

As at 31 March 2025	7,806	5,579	7,266	20,651

Net Book Value
As at 31 March 2025	3,073	671	9,816	13,560

As at 1 April 2024	3,414	839	8,467	12,720

6. Stocks

	2025	2024
	£	£
Stock	4,350	4,200

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Mandarin Garden Restaurant Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	2,060	2,751
VAT	4,354	7,296
Net wages	12,851	10,366
PAYE & NIC	1,878	1,068
Pension	71	69
Directors' loan accounts	81,655	83,282

	102,869	104,832

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bounce back loan	12,500	22,500

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	3	3

10. Related Party Transactions

No transactons with related parties were undertaken such as are required to be disclosesed under FRSSE.

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