Silverfin false false 31/05/2025 01/06/2024 31/05/2025 R Blackburn 28/10/2020 N Engert 09/04/2008 D Griffin 17/07/2018 G Henderson 12/12/2024 T Hill 01/12/2024 R Young 06/04/2018 29 August 2025 The principal activity of the Company during the financial year was the provision of catering and restaurant services. 03387237 2025-05-31 03387237 bus:Director1 2025-05-31 03387237 bus:Director2 2025-05-31 03387237 bus:Director3 2025-05-31 03387237 bus:Director4 2025-05-31 03387237 bus:Director5 2025-05-31 03387237 bus:Director6 2025-05-31 03387237 2024-05-31 03387237 core:CurrentFinancialInstruments 2025-05-31 03387237 core:CurrentFinancialInstruments 2024-05-31 03387237 core:ShareCapital 2025-05-31 03387237 core:ShareCapital 2024-05-31 03387237 core:RetainedEarningsAccumulatedLosses 2025-05-31 03387237 core:RetainedEarningsAccumulatedLosses 2024-05-31 03387237 core:OtherPropertyPlantEquipment 2024-05-31 03387237 core:OtherPropertyPlantEquipment 2025-05-31 03387237 2024-06-01 2025-05-31 03387237 bus:FilletedAccounts 2024-06-01 2025-05-31 03387237 bus:SmallEntities 2024-06-01 2025-05-31 03387237 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 03387237 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 03387237 bus:Director1 2024-06-01 2025-05-31 03387237 bus:Director2 2024-06-01 2025-05-31 03387237 bus:Director3 2024-06-01 2025-05-31 03387237 bus:Director4 2024-06-01 2025-05-31 03387237 bus:Director5 2024-06-01 2025-05-31 03387237 bus:Director6 2024-06-01 2025-05-31 03387237 core:OtherPropertyPlantEquipment core:TopRangeValue 2024-06-01 2025-05-31 03387237 2023-06-01 2024-05-31 03387237 core:OtherPropertyPlantEquipment 2024-06-01 2025-05-31 iso4217:GBP xbrli:pure

Company No: 03387237 (England and Wales)

# ORCHARD RESTAURANT (TAUNTON RACECOURSE) LIMITED

### Unaudited Financial Statements
For the financial year ended 31 May 2025
Pages for filing with the registrar

ORCHARD RESTAURANT (TAUNTON RACECOURSE) LIMITED

## Unaudited Financial Statements

For the financial year ended 31 May 2025

Contents

ORCHARD RESTAURANT (TAUNTON RACECOURSE) LIMITED

## BALANCE SHEET

As at 31 May 2025
ORCHARD RESTAURANT (TAUNTON RACECOURSE) LIMITED

## BALANCE SHEET (continued)

As at 31 May 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 37,264 |  | 40,026
|  | 37,264 |  | 40,026
Current assets |  |  |  |
Stocks |  | 18,923 |  | 15,646
Debtors | 4 | 403,477 |  | 231,095
Cash at bank and in hand |  | 180,053 |  | 190,536
|  | 602,453 |  | 437,277
Creditors: amounts falling due within one year | 5 | ( 71,470) |  | ( 121,052)
Net current assets |  | 530,983 |  | 316,225
Total assets less current liabilities |  | 568,247 |  | 356,251
Provision for liabilities |  | ( 8,706) |  | ( 9,263)
Net assets |  | 559,541 |  | 346,988
Capital and reserves |  |  |  |
Called-up share capital |  | 2 |  | 2
Profit and loss account |  | 559,539 |  | 346,986
Total shareholder's funds |  | 559,541 |  | 346,988

For the financial year ending 31 May 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Orchard Restaurant (Taunton Racecourse) Limited (registered number: 03387237) were approved and authorised for issue by the Board of Directors on 29 August 2025. They were signed on its behalf by:

D Griffin Director |

ORCHARD RESTAURANT (TAUNTON RACECOURSE) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025
ORCHARD RESTAURANT (TAUNTON RACECOURSE) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Orchard Restaurant (Taunton Racecourse) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Orchard Portman, Shoreditch, Taunton, TA3 7BL, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover represents the fair value of the consideration received or receivable for the provision of catering and restaurant services, net of VAT and trade discounts. Revenue is recognised when goods and services are provided to customers.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either other creditors or other debtors in the Balance Sheet.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax liabilities are not discounted.
Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
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.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes food and liquor resale stocks. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over their 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.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### 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 creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include intercompany loan balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 36 |  | 33

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 June 2024 | 307,072 |  | 307,072
Additions | 17,974 |  | 17,974
At 31 May 2025 | 325,046 |  | 325,046
Accumulated depreciation |  |  |
At 01 June 2024 | 267,046 |  | 267,046
Charge for the financial year | 20,736 |  | 20,736
At 31 May 2025 | 287,782 |  | 287,782
Net book value |  |  |
At 31 May 2025 | 37,264 |  | 37,264
At 31 May 2024 | 40,026 |  | 40,026

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 23,023 |  | 31,489
Amounts owed by Group undertakings | 378,880 |  | 199,355
Other debtors | 1,574 |  | 251
| 403,477 |  | 231,095

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 12,845 |  | 9,577
Taxation and social security | 43,685 |  | 94,302
Other creditors | 14,940 |  | 17,173
| 71,470 |  | 121,052