The Everest Restaurant & Bar Ltd

The Everest Restaurant & Bar Ltd
Statement of Financial Position
As at 31 October 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	69,512	0
		69,512	0
Current assets
Stocks	4	3,500	0
Debtors	5	12,000	0
Cash at bank and in hand		4,693	160
		20,193	160
Creditors: amount falling due within one year	6	(150,558)	(8,134)
Net current assets		(130,365)	(7,974)

Total assets less current liabilities		(60,853)	(7,974)
Net assets		(60,853)	(7,974)

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		(60,953)	(8,074)
Shareholders' funds		(60,853)	(7,974)

For the year ended 31 October 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.
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 financial statements were approved by the director on 26 October 2026 and were signed by:

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Dip Prasad Pun
Director

The Everest Restaurant & Bar Ltd
Notes to the Financial Statements
For the year ended 31 October 2025

General Information

The Everest Restaurant & Bar Ltd is a private company, limited by shares, registered in England and Wales, registration number 15211581, registration address 63 Heol Terrell, Canton, Cardiff, CF11 8BF.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

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)

Turnover

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

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets over their expected useful lives on the following basis:

Plant and Machinery	25% Reducing Balance
Fixtures and Fittings	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 period was 7 (2024 : 1).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Fixtures and Fittings	Total
	£	£	£
At 01 November 2024	-	-	-
Additions	3,161	89,521	92,682
Disposals	-	-	-
At 31 October 2025	3,161	89,521	92,682
Depreciation
At 01 November 2024	-	-	-
Charge for year	790	22,380	23,170
On disposals	-	-	-
At 31 October 2025	790	22,380	23,170
Net book values
Closing balance as at 31 October 2025	2,371	67,141	69,512
Opening balance as at 01 November 2024	-	-	-

Stocks

	2025 £		2024 £
Stocks	3,500		0
	3,500		0

Debtors: amounts falling due within one year

	2025 £		2024 £
Prepayments & Accrued Income	12,000		0
	12,000		0

Creditors: amount falling due within one year

	2025 £	2024 £
Other Loans	47,304	0
PAYE & Social Security	94	0
Other Creditors	1,774	334
Wages & Salaries Control Account	1,164	0
Directors' Current Accounts	100,222	7,800
	150,558	8,134

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
100 Class A shares of £1.00 each	100		100
	100		100