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REGISTERED NUMBER: SC240750 (Scotland)















DSR RESTAURANTS LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2023






DSR RESTAURANTS LIMITED (REGISTERED NUMBER: SC240750)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


DSR RESTAURANTS LIMITED

Company Information
for the year ended 31 December 2023







Director: P J O'Keefe





Secretary: A O'Keefe





Registered office: 25 West Chapelton Drive
Bearsden
Glasgow
G61 2DA





Registered number: SC240750 (Scotland)





Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
3rd Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

DSR RESTAURANTS LIMITED (REGISTERED NUMBER: SC240750)

Balance Sheet
31 December 2023

2023 2022
Notes £ £
Current assets
Debtors 4 2,897,676 2,213,708
Cash at bank 1,500,196 3,237,184
4,397,872 5,450,892
Creditors
Amounts falling due within one year 5 229,211 1,267,398
Net current assets 4,168,661 4,183,494
Total assets less current liabilities 4,168,661 4,183,494

Capital and reserves
Called up share capital 100 100
Retained earnings 4,168,561 4,183,394
Shareholders' funds 4,168,661 4,183,494

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 director acknowledges his 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.

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 director and authorised for issue on 7 October 2024 and were signed by:





P J O'Keefe - Director


DSR RESTAURANTS LIMITED (REGISTERED NUMBER: SC240750)

Notes to the Financial Statements
for the year ended 31 December 2023

1. Statutory information

DSR Restaurants Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 director has considered the application of the going concern basis of accounting and in doing so has considered the period from the date of this report until 31 December 2024. The director is intending to liquidate the company through a Members Voluntary Liquidation process. Until such event occurs, the company has adequate resources to continue in operational existence and meet it's liabilities as and when they fall due. As a result, the financial statements have been prepared on a basis other than going concern.

The recognition and measurement requirements of FRS102 have continued to be applied, the decision to prepare the financial statements on a basis other than going concern having no material impact compared with if they had been prepared on a going concern basis.

No adjustments were necessary to the amounts at which assets and liabilities are included in the financial statements in respect of the above.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2022 - 300 ) .

DSR RESTAURANTS LIMITED (REGISTERED NUMBER: SC240750)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. Debtors: amounts falling due within one year
2023 2022
£ £
Other debtors - 290,100
Directors' current accounts 2,272,362 1,448,579
Corporation tax 600,659 382,401
VAT 24,655 92,628
2,897,676 2,213,708

5. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 26,487 52,900
Corporation tax 200,224 1,092,977
Accrued expenses 2,500 121,521
229,211 1,267,398

6. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£ £
P J O'Keefe
Balance outstanding at start of year 1,448,579 417,299
Amounts advanced 823,783 1,031,280
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,272,362 1,448,579

7. Ultimate controlling party

The ultimate controlling party is P J O'Keefe.