REGISTERED NUMBER: 09296384 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LOVE TO EAT (LLANDUDNO) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R H Reynolds Esq

SECRETARY:

REGISTERED OFFICE:

Bodhyfryd Hall

Maenan

Llanrwst

LL26 0YR

REGISTERED NUMBER:

09296384 (England and Wales)

ACCOUNTANT:

sianroberts

Chartered Accountant

Glasdir

Plas Yn Dre

Station Road

Llanrwst

Conwy

LL26 0DF

FIXED ASSETS

Tangible assets

4

24,219

30,273

CURRENT ASSETS

Stocks

2,500

2,500

Debtors

5

50,745

50,648

Cash at bank and in hand

1,394

2,314

54,639

55,462

CREDITORS

Amounts falling due within one year

6

92,136

83,675

NET CURRENT LIABILITIES

(37,497

)

(28,213

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(13,278

)

2,060

CREDITORS

Amounts falling due after more than one year

7

56,989

64,611

NET LIABILITIES

(70,267

)

(62,551

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(70,367

)

(62,651

)

SHAREHOLDERS' FUNDS

(70,267

)

(62,551

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 24 December 2025 and were signed by:

R H Reynolds Esq - Director

1.	STATUTORY INFORMATION

Love to Eat (Llandudno) 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

20% on cost

Plant and machinery etc

-

20% 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern

The company's ability to continue in operation for the foreseeable future depends on the continuing financial support of the company's directors. At the date of approving the accounts, the directors have a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future and therefore have adopted the going concern basis of accounting in the preparation of the accounts. The accounts do not include any adjustments that would arise should the going concern basis of accounting not be appropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

68,951

84,941

153,892

DEPRECIATION

At 1 January 2024

68,950

54,669

123,619

Charge for year

-

6,054

6,054

At 31 December 2024

68,950

60,723

129,673

NET BOOK VALUE

At 31 December 2024

1

24,218

24,219

At 31 December 2023

1

30,272

30,273

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

29,829

DEPRECIATION

At 1 January 2024

10,738

Charge for year

3,818

At 31 December 2024

14,556

NET BOOK VALUE

At 31 December 2024

15,273

At 31 December 2023

19,091

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

50,745

50,648

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

4,500

6,038

Taxation and social security

57,045

55,315

Other creditors

30,591

22,322

92,136

83,675

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

30,187

32,904

Hire purchase contracts

26,802

31,707

56,989

64,611

8.	ULTIMATE CONTROLLING PARTY

The controlling party is R H Reynolds and Mrs C E Reynolds.