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REGISTERED NUMBER: 13388600 (England and Wales)















Financial Statements for the Year Ended 31 May 2023

for

Greek Two Limited

Greek Two Limited (Registered number: 13388600)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Greek Two Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: O Barazy
H Malass





REGISTERED OFFICE: 38 St. Johns Wood Terrace
London
NW8 6LS





REGISTERED NUMBER: 13388600 (England and Wales)






Greek Two Limited (Registered number: 13388600)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,091 9,695

CURRENT ASSETS
Debtors 5 489,700 3,348
Cash at bank and in hand 177,646 387,833
667,346 391,181
CREDITORS
Amounts falling due within one year 6 481,493 278,563
NET CURRENT ASSETS 185,853 112,618
TOTAL ASSETS LESS CURRENT
LIABILITIES

235,944

122,313

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 235,844 122,213
SHAREHOLDERS' FUNDS 235,944 122,313

Greek Two Limited (Registered number: 13388600)

Balance Sheet - continued
31 May 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 12 February 2024 and were signed on its behalf by:





H Malass - Director


Greek Two Limited (Registered number: 13388600)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Greek Two 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost

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.

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.

Greek Two Limited (Registered number: 13388600)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued

Going concern
The directors have formed a judgement at the time of signing the accounts that the going concern basis of accounting is appropriate because there are no material uncertainties that may cast significant doubt over the ability of the company to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 June 2022 - 2,556 10,200 12,756
Additions 42,957 7,000 - 49,957
Disposals - - (10,200 ) (10,200 )
At 31 May 2023 42,957 9,556 - 52,513
DEPRECIATION
At 1 June 2022 - 511 2,550 3,061
Charge for year - 1,911 - 1,911
Eliminated on disposal - - (2,550 ) (2,550 )
At 31 May 2023 - 2,422 - 2,422
NET BOOK VALUE
At 31 May 2023 42,957 7,134 - 50,091
At 31 May 2022 - 2,045 7,650 9,695

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Amounts owed by associates 153,119 -
Card sales receivable 21,581 3,348
Rent deposit 315,000 -
489,700 3,348

Greek Two Limited (Registered number: 13388600)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 194,153 9,867
Amounts owed to associates 81,145 -
Tax 30,484 31,066
Social security and other taxes 5,722 5,942
Pension contributions 652 566
VAT 33,537 46,704
Other creditors - 114,672
Net wages 33,224 28,108
Charity control account - (3,363 )
Directors' current accounts 99,576 42,001
Accrued expenses 3,000 3,000
481,493 278,563

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Ordinary 1 100 100

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the balance payable to the directors as per their directors' current account amounted to £99,576 (2022: £42,001). This balance is interest free and repayable on demand.