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Registration number: 12304129

JPHK Restaurants Ltd

Unaudited Financial Statements

for the Year Ended 30 November 2023

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

JPHK Restaurants Ltd

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 6

 

JPHK Restaurants Ltd

Company Information

Director

J-P Kley

Registered office

S4c, Westmead House
Westmead
Farnborough
GU14 7LP

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

JPHK Restaurants Ltd

Statement of Financial Position as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

-

240

Current assets

 

Debtors

5

7,263

29,448

Creditors: Amounts falling due within one year

6

(47,376)

(35,470)

Net current liabilities

 

(40,113)

(6,022)

Total assets less current liabilities

 

(40,113)

(5,782)

Creditors: Amounts falling due after more than one year

6

(14,167)

(24,167)

Net liabilities

 

(54,280)

(29,949)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(54,380)

(30,049)

Shareholders' deficit

 

(54,280)

(29,949)

For the financial year ending 30 November 2023 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; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the director on 7 February 2024
 

.........................................

J-P Kley

Director

Company registration number: 12304129

 

JPHK Restaurants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
S4c, Westmead House
Westmead
Farnborough
GU14 7LP

The principal activity of the company is that of hospitality management, design and consultancy services.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company has now explored all strategic national and international avenues for potential opportunities without success. Accordingly, the company ceased to trade during the year and the financial statements are therefore prepared on a basis other than going concern.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Revenues are recognised in the period to which they relate, as services are performed and the company has a right to future economic benefit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

JPHK Restaurants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Asset class

Depreciation method and rate

Furniture, fittings and equipment

33.33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2022 - 0).

 

JPHK Restaurants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2022

1,443

1,443

At 30 November 2023

1,443

1,443

Depreciation

At 1 December 2022

1,203

1,203

Charge for the year

240

240

At 30 November 2023

1,443

1,443

Carrying amount

At 30 November 2023

-

-

At 30 November 2022

240

240

5

Debtors

2023
£

2022
£

Other debtors

7,263

29,448

7,263

29,448

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Bank loans and overdrafts

7

39,165

27,909

Taxation and social security

 

8,211

7,561

 

47,376

35,470

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Loans and borrowings

7

14,167

24,167

 

JPHK Restaurants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

7

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank borrowings

39,165

27,850

Bank overdrafts

-

59

39,165

27,909

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

14,167

24,167

8

Transactions with director

At 30 November 2023 an amount of £22,814 (2022: £22,332) was due from the director. Interest of £482 (2022: £438) has been charged at 2.0% and 2.25% p.a and there are no set terms in place.

A provision for irrecoverability of £22,814 has been made against the amount due.