Registered number
14098446
REBEL RESTAURANTS GROUP LTD
Unaudited Filleted Accounts
30 November 2023
REBEL RESTAURANTS GROUP LTD
Registered number: 14098446
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 528,465 346,583
Current assets
Stocks 10,277 113
Debtors 4 222,045 48,113
Cash at bank and in hand 47,400 31,899
279,722 80,125
Creditors: amounts falling due within one year 5 (759,964) (444,125)
Net current liabilities (480,242) (364,000)
Net assets/(liabilities) 48,223 (17,417)
Capital and reserves
Called up share capital 99 99
Profit and loss account 48,124 (17,516)
Shareholders' funds 48,223 (17,417)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Henry
Director
Approved by the board on 27 November 2024
REBEL RESTAURANTS GROUP LTD
Notes to the Accounts
for the period from 1 November 2022 to 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Refurb/Construction 15% reducing balance
Capital Equipment 15% reducing balance
Fixtures and fittings 15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 62 3
3 Tangible fixed assets
Refurb/Construction Fixtures and fittings Capital equipment Total
£ £ £ £
Cost
At 1 November 2022 236,434 51,020 59,129 346,583
Additions 170,313 46,004 41,139 257,456
At 30 November 2023 406,747 97,024 100,268 604,039
Depreciation
Charge for the period 45,244 14,554 15,776 75,574
At 30 November 2023 45,244 14,554 15,776 75,574
Net book value
At 30 November 2023 361,503 82,470 84,492 528,465
At 31 October 2022 236,434 51,020 59,129 346,583
4 Debtors 2023 2022
£ £
Other debtors 222,045 48,113
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 238,742 1,973
Other creditors 521,222 442,152
759,964 444,125
6 Other information
REBEL RESTAURANTS GROUP LTD is a private company limited by shares and incorporated in England. Its registered office is:
300 St Marys Road
Garston
Liverpool
Merseyside
L19 0NQ
REBEL RESTAURANTS GROUP LTD 14098446 false 2022-11-01 2023-11-30 2023-11-30 VT Final Accounts April 2024 A Henry No description of principal activity 14098446 2021-11-01 2022-10-31 14098446 core:WithinOneYear 2022-10-31 14098446 core:ShareCapital 2022-10-31 14098446 core:RetainedEarningsAccumulatedLosses 2022-10-31 14098446 2022-11-01 2023-11-30 14098446 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-11-30 14098446 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-11-30 14098446 bus:Director40 2022-11-01 2023-11-30 14098446 1 2022-11-01 2023-11-30 14098446 2 2022-11-01 2023-11-30 14098446 core:LandBuildings 2022-11-01 2023-11-30 14098446 core:PlantMachinery 2022-11-01 2023-11-30 14098446 core:Vehicles 2022-11-01 2023-11-30 14098446 countries:England 2022-11-01 2023-11-30 14098446 bus:FRS102 2022-11-01 2023-11-30 14098446 bus:FilletedAccounts 2022-11-01 2023-11-30 14098446 2023-11-30 14098446 core:WithinOneYear 2023-11-30 14098446 core:ShareCapital 2023-11-30 14098446 core:RetainedEarningsAccumulatedLosses 2023-11-30 14098446 core:LandBuildings 2023-11-30 14098446 core:PlantMachinery 2023-11-30 14098446 core:Vehicles 2023-11-30 14098446 2022-10-31 14098446 core:LandBuildings 2022-10-31 14098446 core:PlantMachinery 2022-10-31 14098446 core:Vehicles 2022-10-31 iso4217:GBP xbrli:pure