Silverfin false false 31/08/2023 01/09/2022 31/08/2023 A E Forlan 01/08/2023 B K Macmillan 11/08/2021 A W Marshall 11/08/2021 19 April 2024 The principle activity for the company during the financial year was that of a holding company. 13560281 2023-08-31 13560281 bus:Director1 2023-08-31 13560281 bus:Director2 2023-08-31 13560281 bus:Director3 2023-08-31 13560281 2022-08-31 13560281 core:CurrentFinancialInstruments 2023-08-31 13560281 core:CurrentFinancialInstruments 2022-08-31 13560281 core:ShareCapital 2023-08-31 13560281 core:ShareCapital 2022-08-31 13560281 core:SharePremium 2023-08-31 13560281 core:SharePremium 2022-08-31 13560281 core:RetainedEarningsAccumulatedLosses 2023-08-31 13560281 core:RetainedEarningsAccumulatedLosses 2022-08-31 13560281 core:CostValuation 2022-08-31 13560281 core:AdditionsToInvestments 2023-08-31 13560281 core:CostValuation 2023-08-31 13560281 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2023-08-31 13560281 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2022-08-31 13560281 bus:OrdinaryShareClass1 2023-08-31 13560281 bus:OrdinaryShareClass2 2023-08-31 13560281 2022-09-01 2023-08-31 13560281 bus:FilletedAccounts 2022-09-01 2023-08-31 13560281 bus:SmallEntities 2022-09-01 2023-08-31 13560281 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 13560281 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 13560281 bus:Director1 2022-09-01 2023-08-31 13560281 bus:Director2 2022-09-01 2023-08-31 13560281 bus:Director3 2022-09-01 2023-08-31 13560281 2021-09-01 2022-08-31 13560281 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 13560281 bus:OrdinaryShareClass1 2021-09-01 2022-08-31 13560281 bus:OrdinaryShareClass2 2022-09-01 2023-08-31 13560281 bus:OrdinaryShareClass2 2021-09-01 2022-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13560281 (England and Wales)

STREET FOOD HOLDINGS LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2023
PAGES FOR FILING WITH THE REGISTRAR

STREET FOOD HOLDINGS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2023

Contents

STREET FOOD HOLDINGS LTD

BALANCE SHEET

AS AT 31 AUGUST 2023
STREET FOOD HOLDINGS LTD

BALANCE SHEET (continued)

AS AT 31 AUGUST 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 10,002 2
10,002 2
Current assets
Debtors 4 566,282 147,194
Cash at bank and in hand 617 0
566,899 147,194
Creditors: amounts falling due within one year 5 ( 23,467) ( 130,371)
Net current assets 543,432 16,823
Total assets less current liabilities 553,434 16,825
Net assets 553,434 16,825
Capital and reserves
Called-up share capital 6 30,700 20,000
Share premium account 524,300 0
Profit and loss account ( 1,566 ) ( 3,175 )
Total shareholders' funds 553,434 16,825

For the financial year ending 31 August 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Street Food Holdings Ltd (registered number: 13560281) were approved and authorised for issue by the Board of Directors on 19 April 2024. They were signed on its behalf by:

A W Marshall
Director
B K Macmillan
Director
STREET FOOD HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2023
STREET FOOD HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Street Food Holdings Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 20-22 Wenlock Road, London, N1 7GU, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for management services provided to the subsidiary and is shown net of VAT and other sales related taxes.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the subsidiary company.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Investments are recognised initially at fair value which is the transaction price excluding transaction costs. Other investments are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 September 2022 2
Additions 10,000
At 31 August 2023 10,002
Carrying value at 31 August 2023 10,002
Carrying value at 31 August 2022 2

4. Debtors

2023 2022
£ £
Amounts owed by own subsidiaries 564,448 147,194
Other debtors 1,834 0
566,282 147,194

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 11,197 0
Other taxation and social security 1,800 0
Other creditors 10,470 130,371
23,467 130,371

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
30,500 A Ordinary shares of £ 1.00 each (2022: 20,000 shares of £ 1.00 each) 30,500 20,000
200 B Ordinary shares of £ 1.00 each (2022: nil shares) 200 0
30,700 20,000