The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard).

The financial statements have been prepared on a going concern basis. The company commenced trading during the year ended 31 October 2025, its first period of trading, and incurred start-up costs and initial trading losses typical of a new hospitality business, resulting in net liabilities of £297,036 at the balance sheet date.

The director has reviewed the company's trading performance since the year end and its forecasts for the year ending 31 October 2026, and is satisfied that trading has continued to grow and that the company is well placed to trade well going forward. The company continues to be supported by loans from its director and other related parties, who have confirmed their intention not to seek repayment in a manner that would jeopardise the company's ability to continue trading, for a period of at least twelve months from the date of approval of these financial statements.

On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis, and these financial statements do not include any adjustments that would be required if the company were unable to continue as a going concern.

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

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

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:

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.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.