Registration number: 15036343

Onzo (St Ives) Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Onzo (St Ives) Limited

Company Information

Directors

Mr C H Symons Mr M L J Rule Mr B G Jefferies

Registered office

Unit 1 Penbeagle Industrial Estate St. Ives Cornwall TR26 2JH

Accountants

D.J. Reynolds & Co. 15 Alverton Street Penzance Cornwall TR18 2QP

Onzo (St Ives) Limited

(Registration number: 15036343)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	480,114	511,664
Current assets
Stocks	5	8,000	8,000
Debtors	6	19,480	6,952
Cash at bank and in hand		202,357	76,434
		229,837	91,386
Creditors: Amounts falling due within one year	7	(183,269)	(169,119)
Net current assets/(liabilities)		46,568	(77,733)
Total assets less current liabilities		526,682	433,931
Creditors: Amounts falling due after more than one year	7	(471,940)	(542,940)
Net assets/(liabilities)		54,742	(109,009)
Capital and reserves
Called up share capital	8	100	100
Retained earnings		54,642	(109,109)
Shareholders' funds/(deficit)		54,742	(109,009)

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 April 2026 and signed on its behalf by:
 

......................................... Mr C H Symons Director

......................................... Mr M L J Rule Director

......................................... Mr B G Jefferies Director

Onzo (St Ives) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1
Penbeagle Industrial Estate
St. Ives
Cornwall
TR26 2JH

These financial statements were authorised for issue by the Board on 29 April 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Onzo (St Ives) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold Property	Straight line 8%
Fixtures & fittings	Reducing balance 12.5%
Plant & machinery	Reducing balance 20%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.

Borrowings

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 31 (2024 - 13).

Onzo (St Ives) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Plant and machinery £	Total £
Cost or valuation
At 1 August 2024	433,064	70,522	66,228	569,814
Additions	11,743	-	15,104	26,847
At 31 July 2025	444,807	70,522	81,332	596,661
Depreciation
At 1 August 2024	36,089	8,815	13,246	58,150
Charge for the year	37,067	7,713	13,617	58,397
At 31 July 2025	73,156	16,528	26,863	116,547
Carrying amount
At 31 July 2025	371,651	53,994	54,469	480,114
At 31 July 2024	396,975	61,707	52,982	511,664

Included within the net book value of land and buildings above is £371,651 (2024 - £396,975) in respect of short leasehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Other inventories	8,000	8,000

6

Debtors

Current	2025 £	2024 £
Prepayments	19,440	6,912
Other debtors	40	40
	19,480	6,952

Onzo (St Ives) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	(3,928)	-
Trade creditors		74,231	84,863
Taxation and social security		91,557	64,716
Accruals and deferred income		6,610	5,409
Other creditors		14,799	14,131
		183,269	169,119

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	471,940	542,940

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Other borrowings	471,940	542,940

Current loans and borrowings

	2025 £	2024 £
Other borrowings	(3,928)	-

Onzo (St Ives) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

10	Related party transactions

Transactions with directors

2025	At 1 August 2024 £	At 31 July 2025 £
Mr M L J Rule
	20	20
Mr B G Jefferies
	20	20

2024	At 28 July 2023 £	Advances to director £	At 31 July 2024 £
Mr M L J Rule
	-	20	20
Mr B G Jefferies
	-	20	20

Loans from related parties

2025	St Ives Restaurants Limited £	Symons Retail Limited £	Total £
At start of period	271,470	271,470	542,940
Repaid	(35,500)	(35,500)	(71,000)
At end of period	235,970	235,970	471,940

2024	St Ives Restaurants Limited £	Symons Retail Limited £	Total £
Advanced	271,500	271,500	543,000
Repaid	(30)	(30)	(60)
At end of period	271,470	271,470	542,940

Terms of loans from related parties

Interest-free loan repayable after more than 1 year from St Ives Restaurants Limited - a company which holds 30% of the shares in Onzo (St Ives) Limited.
 Interest-free loan repayable after more than 1 year from Symons Retail Limited - a company which holds 30% of the shares in Onzo (St Ives) Limited