REGISTERED NUMBER: 12641810 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

FOR

DRUNKEN LOBSTER LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G G Giancovich

Mrs C G Reckitt

Ms G A King

Mrs A King

REGISTERED OFFICE:

East Quay

Kite Hill

Wootton Bridge

Isle of Wight

PO33 4LA

REGISTERED NUMBER:

12641810 (England and Wales)

ACCOUNTANTS:

Harrison Black Limited

East Quay

Kite Hill

Wootton Bridge

Isle of Wight

PO33 4LA

FIXED ASSETS

Tangible assets

4

255,454

302,895

CURRENT ASSETS

Stocks

35,700

35,000

Debtors

5

319,044

154,436

Cash at bank and in hand

24,934

12,285

379,678

201,721

CREDITORS

Amounts falling due within one year

6

722,232

602,854

NET CURRENT LIABILITIES

(342,554

)

(401,133

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(87,100

)

(98,238

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(87,200

)

(98,338

)

(87,100

)

(98,238

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th October 2025 and were signed on its behalf by:

Mrs C G Reckitt - Director

Mrs A King - Director

1.	STATUTORY INFORMATION

Drunken Lobster Ltd 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.

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

25% on reducing balance and 15% 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st February 2024

336,008

107,421

443,429

Additions

-

11,010

11,010

At 31st January 2025

336,008

118,431

454,439

DEPRECIATION

At 1st February 2024

92,402

48,132

140,534

Charge for year

33,601

24,850

58,451

At 31st January 2025

126,003

72,982

198,985

NET BOOK VALUE

At 31st January 2025

210,005

45,449

255,454

At 31st January 2024

243,606

59,289

302,895

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

319,044

154,436

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

30,805

59,445

Taxation and social security

17,992

16,215

Other creditors

673,435

527,194

722,232

602,854

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31st January 2025 and the period ended 31st January 2024:

2025

2024

£

£

Mrs A King

Balance outstanding at start of year

-

20,000

Amounts advanced

-

40,000

Amounts repaid

-

(60,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Mrs C G Reckitt

Balance outstanding at start of year

(47

)

7,841

Amounts advanced

-

6,862

Amounts repaid

-

(14,750

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(47

)

8.	RELATED PARTY DISCLOSURES

At the year end, the following amounts were owed to/from the company, by the following:

Lobster HR Limited due from - director has significant influence - £305,504 (2024 - £119,152)

Smoking Lobster Production Limited due from - director has significant influence - £12,182 (2024 - £nil)

Smoking Lobster Limited due to - director has significant influence - £284,931 (2024 - £263,909)

Smoking Lobster Kitchen Limited due to - director has significant influence - £381,016 (2024 - £252,043)

The transactions are all included at market rate.