Registration number: 07723886

St. Ives Restaurants Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

St. Ives Restaurants Limited

Company Information

Director

Mr D A Christophers

Registered office

15 Alverton Street Penzance Cornwall TR18 2QP

Accountants

D.J. Reynolds & Co Chartered Accountants15 Alverton Street Penzance Cornwall TR18 2QP

St. Ives Restaurants Limited

(Registration number: 07723886)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	29,832	36,920
Investment property	5	2,139,076	1,808,215
Investments	6	268,954	268,974
		2,437,862	2,114,109
Current assets
Debtors	7	772,254	875,593
Cash at bank and in hand		466,195	483,082
		1,238,449	1,358,675
Creditors: Amounts falling due within one year	8	(59,977)	(31,866)
Net current assets		1,178,472	1,326,809
Total assets less current liabilities		3,616,334	3,440,918
Provisions for liabilities		(5,668)	(7,015)
Net assets		3,610,666	3,433,903
Capital and reserves
Called up share capital	9	100	100
Retained earnings		3,610,566	3,433,803
Shareholders' funds		3,610,666	3,433,903

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.

Director's responsibilities:

•	The member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 1 May 2026
 

......................................... Mr D A Christophers Director

St. Ives Restaurants 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.

The address of its registered office is:
15 Alverton Street
Penzance
Cornwall
TR18 2QP

These financial statements were authorised for issue by the director on 1 May 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 represents the share of the net profit attributable to the company in the annual accounts of each partnership together with accrued profit share for the current accounting period, where the accounting date of the partnership is not coterminous with that of the company.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

St. Ives Restaurants Limited

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

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.

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
Plant and machinery	20% Reducing balance
Motor vehicles	20% Reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments in associates

Investments in associates are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate cost on acquisition.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

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.

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.

Dividends

Dividend distribution to the company’s shareholder is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

St. Ives Restaurants Limited

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

4	Tangible assets

	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 August 2024	57,865	17,601	75,466
Additions	-	370	370
At 31 July 2025	57,865	17,971	75,836
Depreciation
At 1 August 2024	31,569	6,977	38,546
Charge for the year	5,259	2,199	7,458
At 31 July 2025	36,828	9,176	46,004
Carrying amount
At 31 July 2025	21,037	8,795	29,832
At 31 July 2024	26,296	10,624	36,920

5	Investment properties

	2025 £
At 1 August	1,808,215
Additions	578,151
Transfers to and from Stocks	(247,290)
At 31 July	2,139,076

There has been no valuation of investment property by an independent valuer.

6	Investments

	2025 £	2024 £
Investments in associates	268,954	268,974