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REGISTERED NUMBER: 13327529 (England and Wales)















RESTAURANTONE20 LIMITED

Unaudited Financial Statements

for the Period 12 April 2021 to 31 December 2021






RESTAURANTONE20 LIMITED (REGISTERED NUMBER: 13327529)






Contents of the Financial Statements
for the period 12 April 2021 to 31 December 2021




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 9


RESTAURANTONE20 LIMITED

Company Information
for the period 12 April 2021 to 31 December 2021







Directors: J Catling
V N Catling





Registered office: First Floor
Saggar House
Princes Drive
Worcester
Worcestershire
WR1 2PG





Registered number: 13327529 (England and Wales)





Accountants: Haines Watts Birmingham LLP
5-6 Greenfield Crescent
Edgbaston
Birmingham
West Midlands
B15 3BE

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
RestaurantOne20 Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of RestaurantOne20 Limited for the period ended 31 December 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of RestaurantOne20 Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of RestaurantOne20 Limited and state those matters that we have agreed to state to the Board of Directors of RestaurantOne20 Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RestaurantOne20 Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that RestaurantOne20 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of RestaurantOne20 Limited. You consider that RestaurantOne20 Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of RestaurantOne20 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts Birmingham LLP
5-6 Greenfield Crescent
Edgbaston
Birmingham
West Midlands
B15 3BE


2 August 2022

RESTAURANTONE20 LIMITED (REGISTERED NUMBER: 13327529)

Balance Sheet
31 December 2021

Notes £ £
Fixed assets
Intangible assets 4 1,886,789
Tangible assets 5 1,214,452
Investments 6 2,500
3,103,741

Current assets
Stocks 7 41,935
Debtors 8 95,914
Cash at bank and in hand 1,105,629
1,243,478
Creditors
Amounts falling due within one year 9 1,224,769
Net current assets 18,709
Total assets less current liabilities 3,122,450

Creditors
Amounts falling due after more than
one year

10

(2,767,335

)

Provisions for liabilities (253,778 )
Net assets 101,337

Capital and reserves
Called up share capital 12 100
Retained earnings 101,237
Shareholders' funds 101,337

RESTAURANTONE20 LIMITED (REGISTERED NUMBER: 13327529)

Balance Sheet - continued
31 December 2021


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 August 2022 and were signed on its behalf by:





J Catling - Director


RESTAURANTONE20 LIMITED (REGISTERED NUMBER: 13327529)

Notes to the Financial Statements
for the period 12 April 2021 to 31 December 2021

1. Statutory information

RestaurantOne20 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.

Franchise rights & fees
Franchise rights being the amounts paid on acquisition of restaurants are being written off evenly over the terms of the franchise agreements or, in the case of restaurants acquired mid term, written off over 20 years. The 20 year write off period for any restaurants purchased mid term is on the basis that, on expiry of the existing 20 year franchise agreements, the company will be granted further 20 year franchises. The franchisor operates a formal "new term process" which sets out requirements for granting of a new term and the director does not anticipate any difficulty in meeting these requirements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Restaurant equipment - at varying rates on cost

Government grants
Grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

Grants are recognised using the accrual model.

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


RESTAURANTONE20 LIMITED (REGISTERED NUMBER: 13327529)

Notes to the Financial Statements - continued
for the period 12 April 2021 to 31 December 2021

2. Accounting policies - continued
Taxation
Taxation for the period comprises current and deferred tax. 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.

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 period 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Holiday pay accrual
A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the Balance Sheet date and carried forward to future periods. This is measured at the undiscounted cost of the future holiday entitlement so accrued at the Balance Sheet date.

3. Employees and directors

The average number of employees during the period was 156 .

RESTAURANTONE20 LIMITED (REGISTERED NUMBER: 13327529)

Notes to the Financial Statements - continued
for the period 12 April 2021 to 31 December 2021

4. Intangible fixed assets
Franchise Franchise
rights fees Totals
£ £ £
Cost
Additions 1,899,063 50,938 1,950,001
At 31 December 2021 1,899,063 50,938 1,950,001
Amortisation
Amortisation for period 61,462 1,750 63,212
At 31 December 2021 61,462 1,750 63,212
Net book value
At 31 December 2021 1,837,601 49,188 1,886,789

5. Tangible fixed assets
Short Restaurant Computer
leasehold equipment equipment Totals
£ £ £ £
Cost
Additions 20,756 1,380,646 5,769 1,407,171
At 31 December 2021 20,756 1,380,646 5,769 1,407,171
Depreciation
Charge for period 798 190,857 1,064 192,719
At 31 December 2021 798 190,857 1,064 192,719
Net book value
At 31 December 2021 19,958 1,189,789 4,705 1,214,452

6. Fixed asset investments
Unlisted
investments
£
Cost
Additions 2,500
At 31 December 2021 2,500
Net book value
At 31 December 2021 2,500

Fixed asset investments consists of 2,500 ordinary shares of £1 each in Fries Holding Company Limited, a company registered in Guernsey. The investments are included in the accounts at cost.

RESTAURANTONE20 LIMITED (REGISTERED NUMBER: 13327529)

Notes to the Financial Statements - continued
for the period 12 April 2021 to 31 December 2021

7. Stocks
£
Food 31,382
Paper 6,095
Non-product 4,458
41,935

Stock recognised in cost of sales during the year as an expense was £1,477,551.

8. Debtors: amounts falling due within one year
£
Other debtors 76,689
Prepayments 19,225
95,914

9. Creditors: amounts falling due within one year
£
Bank loans and overdrafts (see note 11)
216,030
Trade creditors 194,965
Tax 107,692
Social security and other taxes 26,395
VAT 116,080
Other creditors 66,673
Directors' current accounts 344,002
Accrued expenses 152,932
1,224,769

10. Creditors: amounts falling due after more than one year
£
Bank loans (see note 11) 767,335
Directors' loan accounts 2,000,000
2,767,335

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 117,933

RESTAURANTONE20 LIMITED (REGISTERED NUMBER: 13327529)

Notes to the Financial Statements - continued
for the period 12 April 2021 to 31 December 2021

11. Loans

An analysis of the maturity of loans is given below:

£
Amounts falling due within one year or on demand:
Bank loans 216,030

Amounts falling due between one and two years:
Bank loans - 1-2 years 216,030

Amounts falling due between two and five years:
Bank loans - 2-5 years 433,372

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 117,933

12. Called up share capital



Allotted, issued and fully paid:
Number: Class: Nominal
value: £
75 Ordinary A £1 75
25 Ordinary B £1 25
100