REGISTERED NUMBER: 03269243 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

WAYFARER RESTAURANT LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs R L Birkett

J P Birkett

Ms K E Street

REGISTERED OFFICE:

1-5 Alder Lane

Parbold

Nr Wigan

Lancashire

WN8 7NL

REGISTERED NUMBER:

03269243 (England and Wales)

ACCOUNTANTS:

Fairhurst Accountants Ltd

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

BANKERS:

Virgin Money

6 Bridge Street

St Helens

WA10 1NF

FIXED ASSETS

Tangible assets

4

191,734

206,013

CURRENT ASSETS

Stocks

5

10,213

10,863

Debtors

6

209,046

226,127

Cash at bank and in hand

444,612

339,103

663,871

576,093

CREDITORS

Amounts falling due within one year

7

657,399

596,543

NET CURRENT ASSETS/(LIABILITIES)

6,472

(20,450

)

TOTAL ASSETS LESS CURRENT LIABILITIES

198,206

185,563

PROVISIONS FOR LIABILITIES

8

22,663

25,460

NET ASSETS

175,543

160,103

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Retained earnings

75,543

60,103

SHAREHOLDERS' FUNDS

175,543

160,103

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 21 October 2025 and were signed on its behalf by:

Ms K E Street - Director

1.	STATUTORY INFORMATION

Wayfarer 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.

Turnover

Turnover comprises the net invoice value of goods supplied by the company, excluding value added tax, and arose wholly in the United Kingdom.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation and impairment. Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Impairment of assets

At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss.

Where an impairment loss subsequently reverses, the carrying amount of each asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

Stocks

Stocks have been valued at the lower of cost and estimated selling price less costs to sell.

Financial instruments

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

Short term trade creditors are measured at transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due.

Amounts due to participating interests have no stated interest rate, are payable on demand and are measured at the undiscounted amount due.

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Short term employee 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 employee benefits are recognised as an expense in the period in which they are incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2024 - 40 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 March 2024

154,021

322,636

107,920

Additions

-

12,958

3,815

At 28 February 2025

154,021

335,594

111,735

DEPRECIATION

At 1 March 2024

49,860

274,995

95,939

Charge for year

3,080

15,149

3,949

At 28 February 2025

52,940

290,144

99,888

NET BOOK VALUE

At 28 February 2025

101,081

45,450

11,847

At 29 February 2024

104,161

47,641

11,981

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 March 2024

60,015

42,155

686,747

Additions

-

2,245

19,018

At 28 February 2025

60,015

44,400

705,765

DEPRECIATION

At 1 March 2024

26,257

33,683

480,734

Charge for year

8,440

2,679

33,297

At 28 February 2025

34,697

36,362

514,031

NET BOOK VALUE

At 28 February 2025

25,318

8,038

191,734

At 29 February 2024

33,758

8,472

206,013

5.

STOCKS

2025

2024

£

£

Bar and catering stock

10,213

10,863

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

7,552

6,754

Amounts owed by group undertakings

191,229

191,229

Other debtors

10,265

28,144

209,046

226,127

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

62,549

58,341

Amounts owed to group undertakings

449,390

449,390

Tax

7,606

4,866

Social security and other taxes

55,203

45,592

Other creditors

6,436

-

Accruals and deferred income

76,215

38,354

657,399

596,543

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

22,663

25,460

Deferred

tax

£

Balance at 1 March 2024

25,460

Movement in year

(2,797

)

Balance at 28 February 2025

22,663

9.	OTHER FINANCIAL COMMITMENTS

The company had total lease commitments at the year end of £nil (2024 - £63,500).

10.	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.