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Registration number: 08735059

Lyme Bay Kitchen Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 October 2025

Lyme Bay Kitchen Limited

Contents

Statement of Financial Position | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 9

Lyme Bay Kitchen Limited

(Registration number: 08735059)
Statement of Financial Position as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 1 | 1
Current assets |  |  |
Stocks | 6 | 3,200 | 3,200
Debtors | 7 | 177 | 338
Cash at bank and in hand |  | - | 1,609
|  | 3,377 | 5,147
Creditors: Amounts falling due within one year | 8 | (142,178) | (140,812)
Net current liabilities |  | (138,801) | (135,665)
Total assets less current liabilities |  | (138,800) | (135,664)
Creditors: Amounts falling due after more than one year | 8 | (3,588) | (7,265)
Net liabilities |  | (142,388) | (142,929)
Capital and reserves |  |  |
Called up share capital |  | 200 | 200
Profit and loss account |  | (142,588) | (143,129)
Shareholders' deficit |  | (142,388) | (142,929)

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

Lyme Bay Kitchen Limited

(Registration number: 08735059)
Statement of Financial Position as at 31 October 2025 (continued)

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 Statement of Comprehensive Income.

Approved and authorised by the Board on 20 July 2026 and signed on its behalf by:

Mr Andrew Rees Director
Mr Robert Rees Director

Lyme Bay Kitchen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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:
26-28 Southernhay East
Exeter
Devon
EX1 1NS

Principal activity

The principal activity of the company is a restaurant.

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.

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

Going concern

The company meets its day-to-day working capital requirements through the support of the directors. On the basis that the company directors will continue this support, the financial statements have been prepared on a going concern basis.
At 31 October 2025 the company had net current liabilities of £138,801 (2024: £135,665) and overall net liabilities of £142,388 (2024: £142,929).

Lyme Bay Kitchen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

2 | Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover represents the total value of goods provided to customers during the year, plus the value of work, performed during the year with respect to services.

Tax

The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position 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
Leasehold properties | No depreciation charge
Fittings, fixtures and equipment | 25% and 33% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Lyme Bay Kitchen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

2 | Accounting policies (continued)

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stock are valued at the lower of cost and net realisable value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit and loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Lyme Bay Kitchen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

Lyme Bay Kitchen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 November 2024 | 32,173 | 32,173
At 31 October 2025 | 32,173 | 32,173
Amortisation
At 1 November 2024 | 32,173 | 32,173
At 31 October 2025 | 32,173 | 32,173
Carrying amount
At 31 October 2025 | - | -

5 | Tangible assets

| Long leasehold land and buildings £ | Fixtures and fittings £ | Total £
Cost or valuation
At 1 November 2024 | 1 | 66,675 | 66,676
At 31 October 2025 | 1 | 66,675 | 66,676
Depreciation
At 1 November 2024 | - | 66,675 | 66,675
At 31 October 2025 | - | 66,675 | 66,675
Carrying amount
At 31 October 2025 | 1 | - | 1
At 31 October 2024 | 1 | - | 1

6 | Stocks

| 2025 £ | 2024 £
Finished goods and goods for resale | 3,200 | 3,200

Lyme Bay Kitchen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

7 | Debtors

| 2025 £ | 2024 £
Prepayments | 177 | 338
| 177 | 338

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings |  | 4,435 | 7,862
Taxation and social security |  | 234 | 143
Accruals and deferred income |  | 5,138 | 2,677
Other creditors |  | 132,371 | 130,130
|  | 142,178 | 140,812

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings |  | 3,588 | 7,265

9 | Reserves

Profit and loss account:
This reserve records retained earnings and accumulated losses.

Lyme Bay Kitchen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

10 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

| 2025 £ | 2024 £
Not later than one year | 16,992 | 15,996
Later than one year and not later than five years | 67,968 | 67,138
Later than five years | 28,320 | 45,312
| 113,280 | 128,446

11 | Related party transactions

During the year the company entered into the following transactions with related parties:

The loans given by the directors are repayable on demand.

2025 | At 1 November 2024 £ | Advances to director £ | Repayments by director £ | Other payments made to company by director £ | At 31 October 2025 £
Connected party loan | (129,467) | 16,425 | (30,110) | 143,152 | -
Directors loan | - | 26,266 | (15,486) | (143,152) | (132,372)
| (129,467) | 42,691 | (45,596) | - | (132,372)

2024 | At 1 November 2023 £ | Advances to director £ | Repayments by director £ | At 31 October 2024 £
Connected party loan | (115,516) | (70,421) | 56,470 | (129,467)
| (115,516) | (70,421) | 56,470 | (129,467)