BURGER & LOBSTER THREADNEEDLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
Burger & Lobster Threadneedle Limited is a private company limited by shares incorporated in England and Wales. The address of its registered office is 37-41 Bedford Row, London, WC1R 4JH.
The company's financial statements are presented in Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared for the 52 week period from 2 January 2023 to 31 December 2023. Comparative amounts represent the 52 week period from 3 January 2022 to 1 January 2023.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
The financial statements have been prepared on a going concern basis. The director has reviewed the financial position of the company, including the arrangements with group undertakings, and believe that it remains appropriate to prepare the financial statements on a going concern basis. Burger & Lobster Restaurant Group Limited, the immediate parent undertaking, has indicated its willingness and ability to support the company for a period of at least 12 months following the date of approval of these financial statements.
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Operating leases: the company as lessee
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Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
Other operating income is in relation to recharged property costs, which is recognised in line with the costs incurred on the lease agreement.
Sundry income relates to the write off of amounts owed to group undertakings.
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