Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01No description of principal activity104165falsetruefalse 09699675 2023-04-01 2024-03-31 09699675 2022-04-01 2023-03-31 09699675 2024-03-31 09699675 2023-03-31 09699675 2022-04-01 09699675 c:Director1 2023-04-01 2024-03-31 09699675 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 09699675 d:Buildings d:LongLeaseholdAssets 2024-03-31 09699675 d:Buildings d:LongLeaseholdAssets 2023-03-31 09699675 d:PlantMachinery 2023-04-01 2024-03-31 09699675 d:PlantMachinery 2024-03-31 09699675 d:PlantMachinery 2023-03-31 09699675 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09699675 d:FurnitureFittings 2023-04-01 2024-03-31 09699675 d:FurnitureFittings 2024-03-31 09699675 d:FurnitureFittings 2023-03-31 09699675 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09699675 d:OfficeEquipment 2023-04-01 2024-03-31 09699675 d:ComputerEquipment 2023-04-01 2024-03-31 09699675 d:ComputerEquipment 2024-03-31 09699675 d:ComputerEquipment 2023-03-31 09699675 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09699675 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09699675 d:ComputerSoftware 2024-03-31 09699675 d:ComputerSoftware 2023-03-31 09699675 d:CurrentFinancialInstruments 2024-03-31 09699675 d:CurrentFinancialInstruments 2023-03-31 09699675 d:Non-currentFinancialInstruments 2024-03-31 09699675 d:Non-currentFinancialInstruments 2023-03-31 09699675 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09699675 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09699675 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 09699675 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09699675 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 09699675 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 09699675 d:ShareCapital 2023-04-01 2024-03-31 09699675 d:ShareCapital 2024-03-31 09699675 d:ShareCapital 2022-04-01 2023-03-31 09699675 d:ShareCapital 2023-03-31 09699675 d:ShareCapital 2022-04-01 09699675 d:CapitalRedemptionReserve 2023-04-01 2024-03-31 09699675 d:CapitalRedemptionReserve 2024-03-31 09699675 d:CapitalRedemptionReserve 2022-04-01 2023-03-31 09699675 d:CapitalRedemptionReserve 2023-03-31 09699675 d:CapitalRedemptionReserve 2022-04-01 09699675 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 09699675 d:RetainedEarningsAccumulatedLosses 2024-03-31 09699675 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 09699675 d:RetainedEarningsAccumulatedLosses 2023-03-31 09699675 d:RetainedEarningsAccumulatedLosses 2022-04-01 09699675 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 09699675 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 09699675 c:FRS102 2023-04-01 2024-03-31 09699675 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09699675 c:FullAccounts 2023-04-01 2024-03-31 09699675 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09699675 2 2023-04-01 2024-03-31 09699675 6 2023-04-01 2024-03-31 09699675 d:ComputerSoftware d:OwnedIntangibleAssets 2023-04-01 2024-03-31 09699675 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 09699675









THE ATHENIAN GREEK STREET FOOD LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
THE ATHENIAN GREEK STREET FOOD LTD
 
 
  
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE ATHENIAN GREEK STREET FOOD LTD
FOR THE YEAR ENDED 31 MARCH 2024

You consider that the Company is exempt from an audit for the year ended 31 March 2024. You have acknowledged, on the Balance sheet, your responsibilities for ensuring that the Company keeps adequate accounting records which comply with section 386 of the Companies Act 2006, and for preparing the financial statements which give a true and fair view of the state of affairs of the Company and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the financial statements on pages 15 from the accounting records of the Company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these financial statements.

  



Paperchase Business Services Ltd
 
The Courtyard
14A Sydenham Road
Croydon
London
CR0 2EE
25 September 2024
Page 1

 
THE ATHENIAN GREEK STREET FOOD LTD
REGISTERED NUMBER: 09699675

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
3,675
8,550

Tangible assets
 5 
131,562
126,676

Investments
  
-
1

  
135,237
135,227

Current assets
  

Stocks
  
110,101
138,902

Debtors: amounts falling due within one year
 6 
225,907
472,515

Cash at bank and in hand
 7 
144,248
17,852

  
480,256
629,269

Creditors: amounts falling due within one year
 8 
(1,094,109)
(1,704,016)

Net current liabilities
  
 
 
(613,853)
 
 
(1,074,747)

Total assets less current liabilities
  
(478,616)
(939,520)

Creditors: amounts falling due after more than one year
 9 
(47,821)
47,821

Provisions for liabilities
  

Deferred tax
 11 
(11,316)
(7,938)

  
 
 
(11,316)
 
 
(7,938)

Net liabilities
  
(537,753)
(899,637)


Capital and reserves
  

Called up share capital 
  
60
60

Capital redemption reserve
  
60
60

Profit and loss account
  
(537,873)
(899,757)

  
(537,753)
(899,637)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
Page 2

 
THE ATHENIAN GREEK STREET FOOD LTD
REGISTERED NUMBER: 09699675
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Efthymios Vasilakis
Director

Date: 25 September 2024

The notes on pages 6 to 15 form part of these financial statements.

Page 3

 
THE ATHENIAN GREEK STREET FOOD LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£

At 1 April 2023
60
60
(899,757)
(899,637)


Comprehensive income for the year

Profit for the year

-
-
361,884
361,884


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
361,884
361,884


Total transactions with owners
-
-
-
-


At 31 March 2024
60
60
(537,873)
(537,753)


The notes on pages 6 to 15 form part of these financial statements.

Page 4

 
THE ATHENIAN GREEK STREET FOOD LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£

At 1 April 2022
60
60
(241,068)
(240,948)


Comprehensive income for the year

Loss for the year

-
-
(444,371)
(444,371)


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
(444,371)
(444,371)


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(214,318)
(214,318)


Total transactions with owners
-
-
(214,318)
(214,318)


At 31 March 2023
60
60
(899,757)
(899,637)


The notes on pages 6 to 15 form part of these financial statements.

Page 5

 
THE ATHENIAN GREEK STREET FOOD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The company is a private company limited by shares and is incorporated in England and Wales. The registered address and company number are as below
Registered Office : The Courtyard, 14A Sydenham Road, Croydon, England, CR0 2EE. 
Registration number : 09699675

2.Accounting policies

 
2.1

Basis of preparation of financial statements

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:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 6

 
THE ATHENIAN GREEK STREET FOOD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

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.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 7

 
THE ATHENIAN GREEK STREET FOOD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.10

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 8

 
THE ATHENIAN GREEK STREET FOOD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
10%
SLM
Plant and machinery
-
25%
SLM
Fixtures and fittings
-
25%
SLM
Office equipment
-
20%
SLM
Computer equipment
-
33%
SLM

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.12

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.13

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.14

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 9

 
THE ATHENIAN GREEK STREET FOOD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.15

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.16

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.17

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 104 (2023 - 165).

Page 10

 
THE ATHENIAN GREEK STREET FOOD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Intangible assets




Computer software

£



Cost


At 1 April 2023
14,771



At 31 March 2024

14,771



Amortisation


At 1 April 2023
6,221


Charge for the year on owned assets
4,875



At 31 March 2024

11,096



Net book value



At 31 March 2024
3,675



At 31 March 2023
8,550



Page 11

 
THE ATHENIAN GREEK STREET FOOD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
181,040
290,459
158,922
28,399
658,820


Additions
-
14,071
2,010
-
16,081



At 31 March 2024

181,040
304,530
160,932
28,399
674,901



Depreciation


At 1 April 2023
96,142
257,852
155,231
22,919
532,144


Charge for the year on owned assets
(1,402)
12,017
(3,147)
3,727
11,195



At 31 March 2024

94,740
269,869
152,084
26,646
543,339



Net book value



At 31 March 2024
86,300
34,661
8,848
1,753
131,562



At 31 March 2023
84,898
32,607
3,691
5,480
126,676


6.


Debtors

2024
2023
£
£


Trade debtors
17,151
18,376

Amounts owed by group undertakings
-
163,825

Other debtors
154,019
174,964

Prepayments and accrued income
54,737
115,350

225,907
472,515


Page 12

 
THE ATHENIAN GREEK STREET FOOD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
144,248
17,852

144,248
17,852



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
95,534
235,343

Trade creditors
465,559
596,971

Corporation tax
37,208
46,512

Other taxation and social security
229,046
492,212

Other creditors
206,432
239,951

Accruals and deferred income
60,330
93,027

1,094,109
1,704,016



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
47,821
(47,821)

47,821
(47,821)


Page 13

 
THE ATHENIAN GREEK STREET FOOD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
95,534
235,343


95,534
235,343



Bank loans
47,821
(47,821)


47,821
(47,821)


143,355
187,522



11.


Deferred taxation




2024


£






At beginning of year
(7,938)


Charged to profit or loss
(3,378)



At end of year
(11,316)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(11,315)
(7,938)

(11,315)
(7,938)

Page 14

 
THE ATHENIAN GREEK STREET FOOD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

12.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £20.876.61 (2023 - £31,216.61). Contributions totalling £4,483 (2023 - £7,616) were payable to the fund at the reporting date and are included in other creditors.


13.


Related party transactions

During the year, the company received net amounts from a director of £24,000 (2023: £173,450). At the balance sheet date the total amounts due from the company to this director was £201,949 (2023: £177,949 due to the company). This loan is interest free and repayable on demand.
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicaple in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
 

 
Page 15