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Company No: 14536331 (England and Wales)

FB TAVERNS HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD FROM 12 DECEMBER 2022 TO 31 DECEMBER 2023
PAGES FOR FILING WITH THE REGISTRAR

FB TAVERNS HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 12 DECEMBER 2022 TO 31 DECEMBER 2023

Contents

FB TAVERNS HOLDINGS LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL PERIOD FROM 12 DECEMBER 2022 TO 31 DECEMBER 2023
FB TAVERNS HOLDINGS LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL PERIOD FROM 12 DECEMBER 2022 TO 31 DECEMBER 2023
DIRECTORS Mr A Embiricos (Appointed 12 December 2022)
Mr J Maizels (Appointed 12 December 2022)
REGISTERED OFFICE 85 Great Portland Street
London
United Kingdom
COMPANY NUMBER 14536331 (England and Wales)
CHARTERED ACCOUNTANTS MHA
14 Mannin Way
Lancaster Business Park
Lancaster
LA1 3SW
FB TAVERNS HOLDINGS LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2023
FB TAVERNS HOLDINGS LIMITED

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2023
Note 31.12.2023
£
Fixed assets
Investments 2,316,837
2,316,837
Current assets
Debtors 3 9,836,446
Cash at bank and in hand 518,200
10,354,646
Creditors: amounts falling due within one year 4 ( 5,744,952)
Net current assets 4,609,694
Total assets less current liabilities 6,926,531
Accruals and deferred income ( 2,500)
Net assets 6,924,031
Capital and reserves
Called-up share capital 6 950
Share premium account 6,936,071
Profit and loss account ( 12,990 )
Total shareholders' funds 6,924,031

For the financial period ending 31 December 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 FB Taverns Holdings Limited (registered number: 14536331) were approved and authorised for issue by the Board of Directors on 24 July 2024. They were signed on its behalf by:

Mr A Embiricos
Director
Mr J Maizels
Director
FB TAVERNS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 12 DECEMBER 2022 TO 31 DECEMBER 2023
FB TAVERNS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 12 DECEMBER 2022 TO 31 DECEMBER 2023
1. Accounting policies

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

General information and basis of accounting

FB Taverns Holdings Limited (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 85 Great Portland Street, London, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, 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.

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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section
12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

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

Period from
12.12.2022 to
31.12.2023
Number
Monthly average number of persons employed by the Company during the period, including directors 2

3. Debtors

31.12.2023
£
Amounts owed by Group undertakings 9,847,210
Deferred tax asset 13,917
Other debtors ( 24,681)
9,836,446

4. Creditors: amounts falling due within one year

31.12.2023
£
Trade creditors 111,215
Amounts owed to Group undertakings 633,881
Amounts owed to Parent undertakings 4,999,856
5,744,952

5. Deferred tax

31.12.2023
£
At the beginning of financial period 0
Credited to the Profit and Loss Account 13,917
At the end of financial period 13,917

6. Called-up share capital

31.12.2023
£
Allotted, called-up and fully-paid
176 D Ordinary shares of £ 1.00 each 176
187 A1 Ordinary shares of £ 1.00 each 187
187 B1 Ordinary shares of £ 1.00 each 187
550
400 C Preference redeemable shares of £ 1.00 each 400
950

On 26 June 2023 400 £1 C Preference shares were issued
On 26 June 2023 176 £1 D Ordinary shares were issued
On 26 June 2023 137 £1 A Ordinary shares were issued
On 26 June 2023 137 £1 B Ordinary shares were issued
On 26 June 2023 137 £1 A Ordinary shres were converted into 137 £1 Ordinary Shares
On 26 June 2023 137 £1 B Ordinary shres were converted into 137 £1 Ordinary Shares

7. Related party transactions

In accordance with Section 1AC.35 the company has not disclosed transactions with the companies under
common control.