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REGISTERED NUMBER: 12836775 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

JL20 RESTAURANTS LTD

JL20 RESTAURANTS LTD (REGISTERED NUMBER: 12836775)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

JL20 RESTAURANTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: A Lussmann
L Johnson





SECRETARY: A Podmore





REGISTERED OFFICE: 1 Waterside
Station Road
Harpenden
Hertfordshire
AL5 4US





REGISTERED NUMBER: 12836775 (England and Wales)





ACCOUNTANTS: LBCA Ltd
1 Waterside
Station Road
Harpenden
Hertfordshire
AL5 4US

JL20 RESTAURANTS LTD (REGISTERED NUMBER: 12836775)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 24,160 22,543
Tangible assets 5 693,435 651,118
717,595 673,661

CURRENT ASSETS
Stocks 83,344 69,713
Debtors 6 178,672 156,241
Cash at bank and in hand 222,425 152,570
484,441 378,524
CREDITORS
Amounts falling due within one year 7 877,628 787,455
NET CURRENT LIABILITIES (393,187 ) (408,931 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

324,408

264,730

PROVISIONS FOR LIABILITIES 28,035 7,963
NET ASSETS 296,373 256,767

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 200,000 200,000
Retained earnings 96,273 56,667
296,373 256,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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 31 January 2024 and were signed on its behalf by:





A Lussmann - Director


JL20 RESTAURANTS LTD (REGISTERED NUMBER: 12836775)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

JL20 Restaurants Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Over the term of the lease
Plant and machinery etc - 25% on cost, 20% on cost and 15% on cost

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

JL20 RESTAURANTS LTD (REGISTERED NUMBER: 12836775)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

2. ACCOUNTING POLICIES - continued

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.

Employee benefits
Employee benefits are recognised as an expense in the period in which they are incurred.

Employee entitlements to annual leave are recognised when they accrue to employees. A provision is made for the estimated liability for annual leave as a result of services rendered by employees up to the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 111 (2022 - 120 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 September 2022 10,002 15,000 25,002
Assets acquired - 6,475 6,475
At 31 August 2023 10,002 21,475 31,477
AMORTISATION
At 1 September 2022 1,834 625 2,459
Charge for year 1,000 3,858 4,858
At 31 August 2023 2,834 4,483 7,317
NET BOOK VALUE
At 31 August 2023 7,168 16,992 24,160
At 31 August 2022 8,168 14,375 22,543

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2022 388,271 349,760 738,031
Additions 15,262 131,080 146,342
At 31 August 2023 403,533 480,840 884,373
DEPRECIATION
At 1 September 2022 31,851 55,062 86,913
Charge for year 29,174 74,851 104,025
At 31 August 2023 61,025 129,913 190,938
NET BOOK VALUE
At 31 August 2023 342,508 350,927 693,435
At 31 August 2022 356,420 294,698 651,118

JL20 RESTAURANTS LTD (REGISTERED NUMBER: 12836775)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,226 19,161
Other debtors 177,446 137,080
178,672 156,241

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 213,531 217,515
Taxation and social security 262,232 274,547
Other creditors 401,865 295,393
877,628 787,455

8. OTHER FINANCIAL COMMITMENTS

The company had total commitments at the balance sheet date of £2,072,417 (2022: £2,471,833 ).

9. RELATED PARTY DISCLOSURES

Within other creditors is an amount of £81,667 owed to a director

Within other debtors is an amount of £17,254 owed from a director (2022: £8,286).

10. POST BALANCE SHEET EVENTS

The company entered into a new lease after the year end date with a total additional commitment of £900,000.

JL20 RESTAURANTS LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
JL20 RESTAURANTS LTD

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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2023 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






LBCA Ltd
1 Waterside
Station Road
Harpenden
Hertfordshire
AL5 4US


2 February 2024