Company Registration No. 02917113 (England and Wales)
Indian Cuisine Limited
Unaudited accounts
for the year ended 31 March 2024
Indian Cuisine Limited
Unaudited accounts
Contents
Indian Cuisine Limited
Company Information
for the year ended 31 March 2024
Directors
Rahul Khanna
Fatehbir Singh Dhaliwal
Company Number
02917113 (England and Wales)
Registered Office
C/o Zaika Restaurant
1 Kensington High Street
W8 5NP
Indian Cuisine Limited
Statement of financial position
as at 31 March 2024
Tangible assets
1,473,689
1,346,778
Debtors
1,794,815
1,182,309
Cash at bank and in hand
77,790
493,243
Creditors: amounts falling due within one year
(698,670)
(769,508)
Net current assets
1,228,587
936,044
Total assets less current liabilities
2,702,276
2,282,822
Creditors: amounts falling due after more than one year
(2,353,038)
(2,312,358)
Net assets/(liabilities)
349,238
(29,536)
Called up share capital
100
100
Profit and loss account
349,138
(29,636)
Shareholders' funds
349,238
(29,536)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2024 and were signed on its behalf by
Rahul Khanna
Director
Company Registration No. 02917113
Indian Cuisine Limited
Notes to the Accounts
for the year ended 31 March 2024
Indian Cuisine Limited is a private company, limited by shares, registered in England and Wales, registration number 02917113. The registered office is C/o Zaika Restaurant, 1 Kensington High Street, W8 5NP.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as applicable to companies subject to the small companies regime.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% on Written down value method
Fixtures & fittings
20% on Written down value method
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Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
2,793,503
298,228
64,630
3,156,361
Additions
-
4,820
490,513
495,333
At 31 March 2024
2,793,503
303,048
555,143
3,651,694
At 1 April 2023
1,622,101
187,482
-
1,809,583
Charge for the year
234,280
23,113
111,029
368,422
At 31 March 2024
1,856,381
210,595
111,029
2,178,005
At 31 March 2024
937,122
92,453
444,114
1,473,689
At 31 March 2023
1,171,402
110,746
64,630
1,346,778
Indian Cuisine Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
56,971
26,323
Amounts due from group undertakings etc.
1,573,342
1,079,251
Accrued income and prepayments
157,693
70,635
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
318,927
370,262
Taxes and social security
37,212
63,620
Other creditors
239,120
190,812
Other Creditors include Net Wages payable at month end.
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Creditors: amounts falling due after more than one year
2024
2023
Amounts owed to group undertakings and other participating interests
2,353,038
2,312,358
Other creditors is the loan provided by Mr. Rahul Khanna.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held seperately from those of the company by a separate independent Pension provider. The monthly contributions payable are charged to the profit and loss account.
Indian Cuisine Limited
Notes to the Accounts
for the year ended 31 March 2024
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Transactions with related parties
A) Name of related party Imli Limited
Relationship Group Company
Description of the transaction Loan Given. No interest Charged
Balance at 31-March-2024 £858,156 (£1,060,784 )
B) Name of related party Zaika Restaurant Limited
Relationship Group Company
Description of the transaction Loan Given. No interest Charged
Balance at 31-March-2024 £342,305 (£270,125)
C) Name of related party Mr Rahul Khanna
Relationship Ultimate Shareholder
Description of the transaction Loan Taken. No interest Charged
Balance at 31-March-2024 £2,312,358 (£2,312,358)
D) Name of related party Tamarind Collection Ltd
Relationship Parent Company
Description of the transaction Loan Given. No interest Charged
Balance at 31-March-2024 £372,881 (negative £251,659)
Immediate parent company is Tamarind Collection Ltd (CRN 08245498). Ultimate owner and controller of the business is Mr Rahul Khanna.
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Average number of employees
During the year the average number of employees was 81 (2023: 81).