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REGISTERED NUMBER: 13071084 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

EDESIA RESTAURANTS LIMITED

EDESIA RESTAURANTS LIMITED (REGISTERED NUMBER: 13071084)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EDESIA RESTAURANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M H Bakr-Ibrahim
D M Moussa





REGISTERED OFFICE: 59 Pall Mall
6th Floor
London
SW1Y 5JH





REGISTERED NUMBER: 13071084 (England and Wales)





ACCOUNTANTS: Sage & Co
Chartered Accountants
38A High Street
Northwood
Middlesex
HA6 1BN

EDESIA RESTAURANTS LIMITED (REGISTERED NUMBER: 13071084)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 94,413 65,979

CURRENT ASSETS
Stocks 5 12,003 9,208
Debtors 6 89,325 84,500
Cash at bank 10,535 3,386
111,863 97,094
CREDITORS
Amounts falling due within one year 7 1,326,422 1,014,452
NET CURRENT LIABILITIES (1,214,559 ) (917,358 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,120,146

)

(851,379

)

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (1,120,147 ) (851,380 )
SHAREHOLDERS' FUNDS (1,120,146 ) (851,379 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

EDESIA RESTAURANTS LIMITED (REGISTERED NUMBER: 13071084)

BALANCE SHEET - continued
31 DECEMBER 2023


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 30 August 2024 and were signed on its behalf by:





M H Bakr-Ibrahim - Director


EDESIA RESTAURANTS LIMITED (REGISTERED NUMBER: 13071084)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Edesia Restaurants 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.

Going concern
The financial statements have been prepared on a going concern basis. The parent company has confirmed that Edesia Restaurants Limited will continue to be supported financially for at least twelve months following the date of approval of these financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised when food and beverages are sold.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - over period of lease
Fixtures and fittings - 20% on cost
Office equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.


EDESIA RESTAURANTS LIMITED (REGISTERED NUMBER: 13071084)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 19 ) .

EDESIA RESTAURANTS LIMITED (REGISTERED NUMBER: 13071084)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Short and Office
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 5,640 25,875 43,517 75,032
Additions 32,063 5,074 7,751 44,888
At 31 December 2023 37,703 30,949 51,268 119,920
DEPRECIATION
At 1 January 2023 423 2,194 6,436 9,053
Charge for year 2,514 5,717 8,223 16,454
At 31 December 2023 2,937 7,911 14,659 25,507
NET BOOK VALUE
At 31 December 2023 34,766 23,038 36,609 94,413
At 31 December 2022 5,217 23,681 37,081 65,979

5. STOCKS
2023 2022
£    £   
Stocks 12,003 9,208

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 21,974 2,053
Other debtors 47,048 57,064
Prepayments and accrued income 20,303 25,383
89,325 84,500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 116,927 133,418
Amounts owed to group undertakings 894,926 520,825
Social security and other taxes 11,033 28,016
Other creditors 268,156 232,698
Accruals and deferred income 35,380 99,495
1,326,422 1,014,452

EDESIA RESTAURANTS LIMITED (REGISTERED NUMBER: 13071084)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

9. OTHER FINANCIAL COMMITMENTS

At the period end, the company had total commitments under operating leases over the remaining life of those leases of approximately £1,761,000.