Cantina NCL Ltd - Filleted accounts

Registered number

14753217

Cantina NCL Ltd

Unaudited Accounts For The Year Ended

31 March 2025

Cantina NCL Ltd
Registered number:		14753217
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		72,316			14,164
			72,316			14,164

Current assets
Debtors	4	9,910			231
Cash at bank and in hand		9,432			3,492
		19,342			3,723

Creditors: amounts falling due within one year	5	(42,554)			(16,522)

Net current liabilities			(23,212)			(12,799)

Total assets less current liabilities			49,104			1,365

Creditors: amounts falling due after more than one year	6		(56,935)			-

Provisions for liabilities			-			(2,691)


Net liabilities			(7,831)			(1,326)

Capital and reserves
Called up share capital			2			2
Profit and loss account			(7,833)			(1,328)

Shareholders' funds			(7,831)			(1,326)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



J King
Director
Approved by the board on 12 December 2025

Cantina NCL Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold improvements			over the term of the lease
	Plant and machinery			20% Reducing balance
	Fixtures, fittings, tools and equipment			25% Straight line
	Motor vehicles			25% Reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Grants
	Capital grants amounting to £24,546 were received and spend during the period. Capital grants will be recognised in the profit and loss account on a systematic basis over the expected useful life of the assets it has been spent on.

2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					2		5


3	Tangible fixed assets
		Leasehold improvements		Plant and machinery etc		Motor vehicles		Total
£					£		£
	Cost
	At 1 April 2024	-		3,657		15,000		18,657
	Additions	75,463		1,557		-		77,020
	At 31 March 2025	75,463		5,214		15,000		95,677

	Depreciation
	At 1 April 2024	-		743		3,750		4,493
	Charge for the year	15,092		963		2,813		18,868
	At 31 March 2025	15,092		1,706		6,563		23,361

	Net book value
	At 31 March 2025	60,371		3,508		8,437		72,316
	At 31 March 2024	-		2,914		11,250		14,164


4	Debtors					2025		2024
£							£

	Deferred tax asset					9,910		-
	Other debtors					-		231
						9,910		231


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					3,065		-
	Trade creditors					3,086		268
	Other creditors					36,403		16,254
						42,554		16,522


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					56,935		-
						56,935		-


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	M Brown
		2,138		2,550		(5,000)		(312)

	J O King
		(17,542)		2,100		-		(15,442)


		(15,404)		4,650		(5,000)		(15,754)


8	Other information

	Cantina NCL Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	43 Heaton Grove
	Newcastle Upon Tyne
	NE6 5NP