Basement Thai Restaurant Ltd

Basement Thai Restaurant Ltd
Contents Page
For the year ended 28 February 2026

Statement of financial position	1
Notes to the financial statements	2

Basement Thai Restaurant Ltd
Statement of Financial Position
As at 28 February 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	2,015	2,193
		2,015	2,193
Current assets
Stocks		807	807
Debtors: amounts falling due within one year		1,523	0
Cash at bank and in hand		39,819	42,590
		42,149	43,397
Creditors: amount falling due within one year		(31,802)	(41,334)
Net current assets		10,347	2,063

Total assets less current liabilities		12,362	4,256
Creditors: amount falling due after more than one year		0	(470)
Net assets		12,362	3,786

Capital and reserves
Called up share capital	4	100	100
Profit and loss account		12,262	3,686
Shareholders' funds		12,362	3,786

For the year ended 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 22 May 2026 and were signed by:

-------------------------------
Miss S Panyawong
Director

1

Basement Thai Restaurant Ltd
Notes to the Abridged Financial Statements
For the year ended 28 February 2026

General Information

Basement Thai Restaurant Ltd is a private company, limited by shares, registered in England and Wales, registration number 07534428, registration address The Lower Stables, Main Road, Sudbury, Ashbourne, Derbyshire, DE6 5HT.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

25% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 9 (2025 : 8).

3.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Total
	£	£
At 01 March 2025	3,307	3,307
Additions	493	493
Disposals	-	-
At 28 February 2026	3,800	3,800
Depreciation
At 01 March 2025	1,114	1,114
Charge for year	671	671
On disposals	-	-
At 28 February 2026	1,785	1,785
Net book values
Closing balance as at 28 February 2026	2,015	2,015
Opening balance as at 01 March 2025	2,193	2,193

4.

Share Capital

Authorised
100 Ordinary shares of £1.00 each

Allotted, called up and fully paid	2026 £		2025 £
100 Ordinary shares of £1.00 each	100		100
	100		100

2

Registered Number: 07534428
England and Wales
BASEMENT THAI RESTAURANT LTD

Abridged Accounts

Period of accounts Start date: 01 March 2025 End date: 28 February 2026