Barnes Restaurant Ltd
Unaudited Financial Statements
For the period ended 31 March 2025
Pages for Filing with Registrar
Company Registration No. 08512487 (England and Wales)
Barnes Restaurant Ltd
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
Barnes Restaurant Ltd
Balance Sheet
As at 31 March 2025
Page 1
2025
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
120,743
135,752
Current assets
Stock
31,600
31,545
Debtors
4
234,582
68,724
Cash at bank and in hand
6,945
-
0
273,127
100,269
Creditors: amounts falling due within one year
5
(3,182,902)
(2,546,735)
Net current liabilities
(2,909,775)
(2,446,466)
Total assets less current liabilities
(2,789,032)
(2,310,714)
Creditors: amounts falling due after more than one year
6
(2,464)
(17,848)
Net liabilities
(2,791,496)
(2,328,562)
Capital and reserves
Called up share capital
7
1
1
Profit and loss reserves
(2,791,497)
(2,328,563)
Total equity
(2,791,496)
(2,328,562)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

Barnes Restaurant Ltd
Balance Sheet (Continued)
As at 31 March 2025
Page 2
The financial statements were approved by the board of directors and authorised for issue on 10 November 2025 and are signed on its behalf by:
S C Burdge
Director
Company Registration No. 08512487
Barnes Restaurant Ltd
Notes to the Financial Statements
For the period ended 31 March 2025
Page 3
1
Accounting policies
Company information

Barnes Restaurant Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Olympic Studios, 117-123 Church Road, London, United Kingdom, SW13 9HL.

1.1
Reporting period

This period of accounts runs from 01 October 2023 to 31 March 2025. The last period of accounts ran from 26 September 2022 to 30 September 2023. Therefore, they are not entirely comparable. The reason for this change is to bring the company year-end in line with related group companies.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

The company made a loss for the period ended true 31 March 2025 and had a net deficit of assets at that date amounting to £2,791,496.

At 31 March 2025 an amount of £2,864,569 was due to the parent undertaking. This company has confirmed that it will not call for repayment until such time as the company has sufficient working capital, and that it will continue to support the company for the foreseeable future.

Therefore, after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operation existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Barnes Restaurant Ltd
Notes to the Financial Statements (Continued)
For the period ended 31 March 2025
1
Accounting policies
(Continued)
Page 4

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
4% straight line
Plant and equipment
5 years straight line
Fixtures and fittings
5 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Stock

Stock are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to their present location and condition.

Stock held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stock over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Barnes Restaurant Ltd
Notes to the Financial Statements (Continued)
For the period ended 31 March 2025
1
Accounting policies
(Continued)
Page 5
1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
2023
Number
Number
Total
61
81
Barnes Restaurant Ltd
Notes to the Financial Statements (Continued)
For the period ended 31 March 2025
Page 6
3
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Total
£
£
£
£
Cost
At 1 October 2023
105,521
167,821
130,788
404,130
Additions
-
0
5,154
29,859
35,013
At 31 March 2025
105,521
172,975
160,647
439,143
Depreciation and impairment
At 1 October 2023
28,059
134,543
105,776
268,378
Depreciation charged in the period
6,337
18,377
25,308
50,022
At 31 March 2025
34,396
152,920
131,084
318,400
Carrying amount
At 31 March 2025
71,125
20,055
29,563
120,743
At 30 September 2023
77,462
33,278
25,012
135,752
4
Debtors
2025
2023
Amounts falling due within one year:
£
£
Trade debtors
222,129
63,019
Other debtors
9,961
3,000
Prepayments and accrued income
2,492
2,705
234,582
68,724
5
Creditors: amounts falling due within one year
2025
2023
£
£
Bank loans and overdrafts
10,468
13,694
Trade creditors
109,718
128,890
Amounts owed to group undertakings
2,864,569
2,177,364
Taxation and social security
64,228
58,641
Other creditors
88,408
121,280
Accruals and deferred income
45,511
46,866
3,182,902
2,546,735
Barnes Restaurant Ltd
Notes to the Financial Statements (Continued)
For the period ended 31 March 2025
Page 7
6
Creditors: amounts falling due after more than one year
2025
2023
£
£
Bank loans and overdrafts
2,464
17,848
7
Called up share capital
2025
2023
2025
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
8
Related party transactions

The company had transactions in the period with third parties which are considered related parties due having a shared director with significant control of both entities.

Sales of £259,817 (202 3: £108,397) were made to related parties in the period. At period-end, balances of £213,206 (202 3: £28,897) were due to Barnes Restaurant from related parties.

Purchases of £45,559 (202 3: £1,512) were made from related parties in the period. At period-end, balances of £1,801.89 (202 3: £1,792) were due by Barnes Restaurant to related parties.

The exemption has been taken to not disclose related party transactions with 100% group companies.

9
Parent company

The immediate and ultimate parent company is Barnes Cinema Limited, a company registered in England and Wales.

The ultimate controlling party is the director S Burdge by virtue of his majority shareholding in the parent company.

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