Company Registration No. 9287328 (England and Wales)
Ithica Bar and Restaurant Limited
Unaudited accounts
for the year ended 31 October 2023
Ithica Bar and Restaurant Limited
Unaudited accounts
Contents
Ithica Bar and Restaurant Limited
Company Information
for the year ended 31 October 2023
Director
Nikolaos Moumouris
Company Number
9287328 (England and Wales)
Registered Office
Jasmine Cottage
Rowland
Bakewell
Derbyshire
DE45 1NR
Accountants
Andrew B Sharkey Ltd
Jasmine Cottage
Rowland
Bakewell
Derbyshire
DE45 1NR
Ithica Bar and Restaurant Limited
Statement of financial position
as at 31 October 2023
Tangible assets
31,166
37,490
Cash at bank and in hand
386,977
328,572
Creditors: amounts falling due within one year
(46,011)
(56,945)
Net current assets
344,466
305,285
Net assets
375,632
342,775
Called up share capital
100
100
Profit and loss account
375,532
342,675
Shareholders' funds
375,632
342,775
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 February 2024 and were signed on its behalf by
Nikolaos Moumouris
Director
Company Registration No. 9287328
Ithica Bar and Restaurant Limited
Notes to the Accounts
for the year ended 31 October 2023
Ithica Bar and Restaurant Limited is a private company, limited by shares, registered in England and Wales, registration number 9287328. The registered office is Jasmine Cottage, Rowland, Bakewell, Derbyshire, DE45 1NR. The principal place of business is 1 The Quadrant, Buxton, Derbyshire, SK17 6AW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Inventories have been valued at the lower of cost net realisable value.
Ithica Bar and Restaurant Limited
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
26,328
16,395
23,390
66,113
At 31 October 2023
27,795
16,395
23,390
67,580
At 1 November 2022
6,046
12,599
9,978
28,623
Charge for the year
4,350
759
2,682
7,791
At 31 October 2023
10,396
13,358
12,660
36,414
At 31 October 2023
17,399
3,037
10,730
31,166
At 31 October 2022
20,282
3,796
13,412
37,490
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
3,566
5,730
Taxes and social security
23,142
29,727
Loans from directors
1,010
810
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
Other debtors of £30,158 in 2022 comprised of start up funds provided to Bacchus Bar & Restaurant Ltd, a company in which the majority of the shares are owned by Nikolaos Moumouris (director and shareholder). The loan was repaid during the year ended 31/10/23.
9
Average number of employees
During the year the average number of employees was 16 (2022: 17).
