Skylights Restaurant Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 11766724 (England and Wales)

SKYLIGHTS RESTAURANT LTD

Unaudited Financial Statements for the Year Ended 31 January 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs B B Gor

B U Gor

REGISTERED OFFICE:

227 Preston Road

Wembley

Middlesex

HA9 8NF

BUSINESS ADDRESS:

1446 High Road

Eastcote

Middlesex

HA5 2EN

REGISTERED NUMBER:

11766724 (England and Wales)

ACCOUNTANTS:

Millennium Professional Services (UK) Limited

Lotus House

227 Preston Road

Wembley

Middlesex

HA9 8NF

FIXED ASSETS

Intangible assets

4

300,000

Tangible assets

5

37,972

337,972

CURRENT ASSETS

Debtors

6

10,500

Cash at bank and in hand

31,524

42,024

CREDITORS

Amounts falling due within one year

7

118,718

NET CURRENT LIABILITIES

(76,694

)

(76,694

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

261,278

CREDITORS

Amounts falling due after more than one
year

8

219,803

NET ASSETS

41,475

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

10

41,375

SHAREHOLDERS' FUNDS

41,475

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 30 October 2025 and were signed on its behalf by:

B U Gor - Director

1.	STATUTORY INFORMATION

Skylights Restaurant 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 16 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

300,000

NET BOOK VALUE

At 31 January 2025

300,000

At 31 January 2024

300,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

Totals

£

COST

At 1 February 2024

and 31 January 2025

5,000

4,665

28,307

37,972

NET BOOK VALUE

At 31 January 2025

5,000

4,665

28,307

37,972

At 31 January 2024

5,000

4,665

28,307

37,972

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Other debtors

10,500

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Trade creditors

5,599

Tax

5,419

Social security and other taxes

11,375

VAT

8,230

Other creditors

23,426

Directors' current accounts

64,669

118,718

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.1.25

31.1.24

£

Bank loans - 2-5 years

22,251

Bank loans more 5 yr by instal

197,552

219,803

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

197,552

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

100

Ordinary

1.00

100

10.

RESERVES

Retained

earnings

£

At 1 February 2024

41,375

Profit for the year

-

At 31 January 2025

41,375