Registration number: 10500948

Mirchi Indian Restaurant Limited

Contents

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

Mirchi Indian Restaurant Limited

Company Information

Director

Mrs J S Jammula

Registered office

60 Snow Hill Stoke on Trent Staffordshire ST1 4LY

Accountants

Howsons (Stoke) Limited Chartered AccountantWinton House Stoke Road Stoke on Trent Staffordshire ST4 2RW

Mirchi Indian Restaurant Limited

(Registration number: 10500948)
Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	29,704	35,690
Current assets
Stocks		5,000	5,000
Debtors	5	125,301	75,925
Cash at bank and in hand		63,595	43,112
		193,896	124,037
Creditors: Amounts falling due within one year	6	(344,207)	(244,065)
Net current liabilities		(150,311)	(120,028)
Total assets less current liabilities		(120,607)	(84,338)
Creditors: Amounts falling due after more than one year	6	(20,798)	(26,351)
Net liabilities		(141,405)	(110,689)
Capital and reserves
Called up share capital		1	1
Retained earnings		(141,406)	(110,690)
Shareholders' deficit		(141,405)	(110,689)

For the financial year ending 31 August 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 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 director acknowledges her 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 22 June 2026
 

......................................... Mrs J S Jammula Director

Mirchi Indian Restaurant Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 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:
60 Snow Hill
Stoke on Trent
Staffordshire
ST1 4LY

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

The company's presentational currency is pound sterling (£). The accounts are rounded to the nearest whole pound.

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.

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
Improvements to leasehold	2% straight line basis

Mirchi Indian Restaurant Limited

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

Furniture, fittings and equipment	10% straight line basis
Motor vehicles	20% straight line basis
Office equipment	25% straight line basis

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.

Financial instruments

Classification
Basic financial assets, including trade and other debtors, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities, including trade and other trade creditors, bank and other loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

 Recognition and measurement
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit and loss.

 Impairment
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised in the profit or loss.

Financial assets are derecognised when a) the contractual rights to the cash flows from the asset expire or are settled, or b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 17 (2024 - 18).

Mirchi Indian Restaurant Limited

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

4	Tangible assets

	Leasehold improvements £	Furniture, fittings and equipment  £	Motor vehicles  £	Office equipment £	Total £
Cost or valuation
At 1 September 2024	10,000	46,650	10,400	5,448	72,498
At 31 August 2025	10,000	46,650	10,400	5,448	72,498
Depreciation
At 1 September 2024	600	22,018	9,707	4,483	36,808
Charge for the year	200	4,665	693	428	5,986
At 31 August 2025	800	26,683	10,400	4,911	42,794
Carrying amount
At 31 August 2025	9,200	19,967	-	537	29,704
At 31 August 2024	9,400	24,632	693	965	35,690

Included within the net book value of land and buildings above is £9,200 (2024 - £9,400) in respect of long leasehold land and buildings.
 

5

Debtors

	Note	2025 £	2024 £
Amounts owed by related parties		99,510	60,067
Other debtors		25,791	15,858
		125,301	75,925

No interest is charged on the related party balance.

Mirchi Indian Restaurant Limited

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

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Bank loans and overdrafts	7	5,585	5,588
Trade creditors		12,696	16,992
Taxation and social security		44,640	99,364
Other creditors		30,886	17,653
Directors' loan account		250,400	104,468
		344,207	244,065
Due after one year
Loans and borrowings	7	20,798	26,351

7	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	20,798	26,351

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	5,585	5,588

8	Transition to FRS 102

This is the first year that the company presented its financial statements under Financial Reporting Standard 102 (FRS 102). The last financial statements for year ended 31/08/2025 were prepared under Financial Reporting Standard 105 (FRS105). The date of transition was 01/09/2024.

There have been no changes to the previously reported profit and loss or equity due to the transiton to FRS 102.

Mirchi Indian Restaurant Limited

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

9	Going Concern

The financial statements have been prepared on a going concern basis despite the Company recording losses and having negative reserves at the balance sheet date.

The directors have considered the Company’s financial position and note that losses have reduced during the year as a result of ongoing cost control and operational efficiencies. Further improvements are expected in the current financial year as management continues to review and manage costs closely.

The director has confirmed their ongoing financial support for the foreseeable future to enable the Company to meet its obligations as they fall due. On this basis, the directors have a reasonable expectation that the Company will continue in operational existence for the foreseeable future, and the financial statements have therefore been prepared on a going concern basis.