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Registered number: 13612593
KAR Restaurants Limited
Financial Statements
For the Period 1 October 2022 to 31 July 2023
NSG Accountants Limited
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13612593
31 July 2023 30 September 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 12,500 -
Tangible Assets 5 293,047 -
305,547 -
CURRENT ASSETS
Debtors 6 92,924 100
Cash at bank and in hand 1,023 -
93,947 100
Creditors: Amounts Falling Due Within One Year 7 (33,579 ) -
NET CURRENT ASSETS (LIABILITIES) 60,368 100
TOTAL ASSETS LESS CURRENT LIABILITIES 365,915 100
Creditors: Amounts Falling Due After More Than One Year 8 (388,121 ) -
NET (LIABILITIES)/ASSETS (22,206 ) 100
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (22,306 ) -
SHAREHOLDERS' FUNDS (22,206) 100
Page 1
Page 2
For the period ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Sajid Memon
Director
04/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
KAR Restaurants Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13612593 . The registered office is 56 Stokenchurch Place, Bradwell Common, Milton Keynes, MK13 8BY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are franchise costs. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Over 10 years
Plant & Machinery 10% on reducing balance
Fixtures & Fittings 10% on reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL (2022: NIL)
- -
4. Intangible Assets
Other
£
Cost
As at 1 October 2022 -
Additions 12,500
As at 31 July 2023 12,500
Net Book Value
As at 31 July 2023 12,500
As at 1 October 2022 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 October 2022 - - - -
Additions 71,611 88,454 132,982 293,047
As at 31 July 2023 71,611 88,454 132,982 293,047
Net Book Value
As at 31 July 2023 71,611 88,454 132,982 293,047
As at 1 October 2022 - - - -
Page 3
Page 4
6. Debtors
31 July 2023 30 September 2022
£ £
Due within one year
Prepayments and accrued income 7,667 -
VAT 62,757 -
Called up share capital not paid - 100
70,424 100
Due after more than one year
Rent deposit 22,500 -
22,500 -
92,924 100
7. Creditors: Amounts Falling Due Within One Year
31 July 2023 30 September 2022
£ £
Accruals and deferred income 1,075 -
Director's loan account 32,504 -
33,579 -
8. Creditors: Amounts Falling Due After More Than One Year
31 July 2023 30 September 2022
£ £
Bank loans 94,521 -
Amounts owed to related parties 293,600 -
388,121 -
9. Share Capital
31 July 2023 30 September 2022
£ £
Called Up Share Capital not Paid - 100
Called Up Share Capital has been paid up 100 -
Amount of Allotted, Called Up Share Capital 100 100
Page 4