REGISTERED NUMBER: 03548765 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

FOR

MEDICI TAKEAWAY LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

M Karimian

SECRETARY:

M Karimian

REGISTERED OFFICE:

49 Skillings Lane

Brough

East Yorkshire

HU15 1BA

REGISTERED NUMBER:

03548765 (England and Wales)

ACCOUNTANTS:

Cheetham Allen

Chartered Accountants

17 Wright Street

Hull

East Yorkshire

HU2 8HU

FIXED ASSETS

Tangible assets

4

34,424

19,974

CURRENT ASSETS

Stocks

5,130

4,886

Debtors

5

4,460

106,049

Cash at bank and in hand

169,590

77,374

179,180

188,309

CREDITORS

Amounts falling due within one year

6

100,277

69,334

NET CURRENT ASSETS

78,903

118,975

TOTAL ASSETS LESS CURRENT LIABILITIES

113,327

138,949

CREDITORS

Amounts falling due after more than one year

7

(1,825

)

(5,426

)

PROVISIONS FOR LIABILITIES

9

(304

)

(1,681

)

NET ASSETS

111,198

131,842

CAPITAL AND RESERVES

Called up share capital

10

41,500

41,500

Retained earnings

69,698

90,342

SHAREHOLDERS' FUNDS

111,198

131,842

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27th October 2026 and were signed by:

M Karimian - Director

1.	STATUTORY INFORMATION

Medici Takeaway Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1st January 2025

35,150

5,774

13,000

53,924

Additions

735

-

24,248

24,983

Disposals

-

-

(13,000

)

(13,000

)

At 31st December 2025

35,885

5,774

24,248

65,907

DEPRECIATION

At 1st January 2025

19,414

4,952

9,584

33,950

Charge for year

2,426

124

4,567

7,117

Eliminated on disposal

-

-

(9,584

)

(9,584

)

At 31st December 2025

21,840

5,076

4,567

31,483

NET BOOK VALUE

At 31st December 2025

14,045

698

19,681

34,424

At 31st December 2024

15,736

822

3,416

19,974

The net book value of tangible fixed assets includes £ 19,681 in respect of assets held under hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

-

101,823

Other debtors

4,460

4,226

4,460

106,049

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 8)

5,307

10,250

Hire purchase contracts

5,085

-

Trade creditors

20,479

19,559

Amounts owed to group undertakings

12,692

-

Taxation and social security

19,333

21,370

Other creditors

37,381

18,155

100,277

69,334

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 8)

-

5,426

Hire purchase contracts

1,825

-

1,825

5,426

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

5,307

10,250

Amounts falling due between one and two years:

Bank loans

-

5,426

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

304

1,681

Deferred

tax

£

Balance at 1st January 2025

1,681

Accelerated capital allowances

(1,377

)

Balance at 31st December 2025

304

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

41,500

Ordinary

£1

41,500

41,500