REGISTERED NUMBER: 11315879 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Mister Chips By The Beach Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs F E Boyd

Mr A H C Boyd

Mr J A Laws

REGISTERED OFFICE:

28 Bagdale

Whitby

North Yorkshire

YO21 1QL

REGISTERED NUMBER:

11315879 (England and Wales)

ACCOUNTANTS:

Philip Burley & Co

Chartered Accountants

28 Bagdale

Whitby

North Yorkshire

YO21 1QL

FIXED ASSETS

Intangible assets

4

30,000

40,000

Tangible assets

5

669,109

690,604

699,109

730,604

CURRENT ASSETS

Stocks

72,000

72,000

Debtors

6

7,549

6,526

Cash at bank and in hand

189,472

274,351

269,021

352,877

CREDITORS

Amounts falling due within one year

7

934,163

1,053,872

NET CURRENT LIABILITIES

(665,142

)

(700,995

)

TOTAL ASSETS LESS CURRENT LIABILITIES

33,967

29,609

PROVISIONS FOR LIABILITIES

8

103,363

53,173

NET LIABILITIES

(69,396

)

(23,564

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(69,496

)

(23,664

)

SHAREHOLDERS' FUNDS

(69,396

)

(23,564

)

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

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

Mr J A Laws - Director

1.	STATUTORY INFORMATION

Mister Chips By The Beach 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten 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.

Freehold property

-

2% on cost

Fixtures and fittings

-

10% 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2024 - 24 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

100,000

AMORTISATION

At 1 April 2024

60,000

Amortisation for year

10,000

At 31 March 2025

70,000

NET BOOK VALUE

At 31 March 2025

30,000

At 31 March 2024

40,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1 April 2024

477,908

373,009

850,917

Additions

-

10,370

10,370

At 31 March 2025

477,908

383,379

861,287

DEPRECIATION

At 1 April 2024

-

160,313

160,313

Charge for year

9,558

22,307

31,865

At 31 March 2025

9,558

182,620

192,178

NET BOOK VALUE

At 31 March 2025

468,350

200,759

669,109

At 31 March 2024

477,908

212,696

690,604

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed by group undertakings

6,067

5,642

Other debtors

1,482

884

7,549

6,526

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

16,810

17,094

Amounts owed to group undertakings

882,523

985,618

Taxation and social security

31,154

47,760

Other creditors

3,676

3,400

934,163

1,053,872

8.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

103,363

53,173

Deferred

tax

£

Balance at 1 April 2024

53,173

Charge to Income Statement during year

50,190

Balance at 31 March 2025

103,363

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mister Chips Holdings Limited.