Company No:
Contents
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 |
Note | 31.12.2023 | |
£ | ||
Fixed assets | ||
Investments |
|
|
2,316,837 | ||
Current assets | ||
Debtors | 3 |
|
Cash at bank and in hand |
|
|
10,354,646 | ||
Creditors: amounts falling due within one year | 4 | (
|
Net current assets | 4,609,694 | |
Total assets less current liabilities | 6,926,531 | |
Accruals and deferred income | (
|
|
Net assets |
|
|
Capital and reserves | ||
Called-up share capital | 6 |
|
Share premium account |
|
|
Profit and loss account | (
|
|
Total shareholders' funds |
|
Directors' responsibilities:
The financial statements of FB Taverns Holdings Limited (registered number:
Mr A Embiricos
Director |
Mr J Maizels
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
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 £.
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.
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.
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.
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.
Period from 12.12.2022 to 31.12.2023 |
|
Number | |
Monthly average number of persons employed by the Company during the period, including directors |
|
31.12.2023 | |
£ | |
Amounts owed by Group undertakings |
|
Deferred tax asset |
|
Other debtors | (
|
|
31.12.2023 | |
£ | |
Trade creditors |
|
Amounts owed to Group undertakings |
|
Amounts owed to Parent undertakings |
|
|
31.12.2023 | |
£ | |
At the beginning of financial period |
|
Credited to the Profit and Loss Account |
|
At the end of financial period |
|
31.12.2023 | |
£ | |
Allotted, called-up and fully-paid | |
|
|
|
|
|
|
550 | |
|
|
950 |
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
In accordance with Section 1AC.35 the company has not disclosed transactions with the companies under
common control.