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REGISTERED NUMBER: 11840500 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st October 2023

for

STRAKER RESTAURANTS LIMITED

STRAKER RESTAURANTS LIMITED (REGISTERED NUMBER: 11840500)






Contents of the Financial Statements
for the year ended 31st October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

STRAKER RESTAURANTS LIMITED

Company Information
for the year ended 31st October 2023







DIRECTOR: T M C Straker





REGISTERED OFFICE: 2 Burton House
Repton Place
White Lion Road
Amersham
Buckinghamshire
HP7 9LP





REGISTERED NUMBER: 11840500 (England and Wales)





ACCOUNTANTS: Jacquards
2 Burton House
Repton Place
White Lion Road
Amersham
Buckinghamshire
HP7 9LP

STRAKER RESTAURANTS LIMITED (REGISTERED NUMBER: 11840500)

Balance Sheet
31st October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 297,213 243,936

CURRENT ASSETS
Stocks 21,318 -
Debtors 5 152,854 28,314
Cash at bank and in hand 176,699 10,602
350,871 38,916
CREDITORS
Amounts falling due within one year 6 384,052 128,766
NET CURRENT LIABILITIES (33,181 ) (89,850 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

264,032

154,086

CREDITORS
Amounts falling due after more than one
year

7

84,897

84,897
NET ASSETS 179,135 69,189

CAPITAL AND RESERVES
Called up share capital 8 200 200
Share premium 349,910 349,910
Retained earnings (170,975 ) (280,921 )
SHAREHOLDERS' FUNDS 179,135 69,189

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

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

STRAKER RESTAURANTS LIMITED (REGISTERED NUMBER: 11840500)

Balance Sheet - continued
31st October 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 director and authorised for issue on 25th October 2024 and were signed by:





T M C Straker - Director


STRAKER RESTAURANTS LIMITED (REGISTERED NUMBER: 11840500)

Notes to the Financial Statements
for the year ended 31st October 2023

1. STATUTORY INFORMATION

Straker 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.

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.

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 the cost less estimated residual value of each asset over its estimated useful life.

Leasehold cost and improvements- over the lease period
Plant, machinery and equipment- 10% to 33% straight line

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

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.

STRAKER RESTAURANTS LIMITED (REGISTERED NUMBER: 11840500)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1st November 2022 105,446 63,697 89,247 2,951 261,341
Additions 40,348 30,721 50,814 24,638 146,521
At 31st October 2023 145,794 94,418 140,061 27,589 407,862
DEPRECIATION
At 1st November 2022 3,600 7,060 5,589 1,156 17,405
Charge for year 12,609 31,494 41,080 8,061 93,244
At 31st October 2023 16,209 38,554 46,669 9,217 110,649
NET BOOK VALUE
At 31st October 2023 129,585 55,864 93,392 18,372 297,213
At 31st October 2022 101,846 56,637 83,658 1,795 243,936

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 40,919 -
Amounts owed by associates 26,200 1,400
Other debtors 47,014 26,914
114,133 28,314

Amounts falling due after more than one year:
Other debtors 38,721 -

Aggregate amounts 152,854 28,314

Other debtors falling due within one year includes net deferred tax asset of £26,579 attributable to timing differences and trading losses available for relief in future.

Other debtors falling due after one year includes net deferred tax asset of £21,341 attributable to timing differences and trading losses available for relief in future. The balance of £17,380 relates to rent deposits.

STRAKER RESTAURANTS LIMITED (REGISTERED NUMBER: 11840500)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 80,505 20,241
Taxation and social security 170,357 2,541
Other creditors 133,190 105,984
384,052 128,766

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 84,897 84,897

Other creditors falling due after one year are represented by loans to the company which have no repayment on interest terms attaching.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary 1.00 200 200

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T M C Straker.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Straker Restaurants Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Straker Restaurants Limited for the year ended 31st October 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Straker Restaurants Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Straker Restaurants Limited and state those matters that we have agreed to state to the director of Straker Restaurants Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Straker Restaurants Limited and its director for our work or for this report.

It is your duty to ensure that Straker Restaurants Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Straker Restaurants Limited. You consider that Straker Restaurants Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Straker Restaurants Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Jacquards
2 Burton House
Repton Place
White Lion Road
Amersham
Buckinghamshire
HP7 9LP


25th October 2024