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REGISTERED NUMBER: 05035426 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

SABAI SABAI RESTAURANTS LIMITED

SABAI SABAI RESTAURANTS LIMITED (REGISTERED NUMBER: 05035426)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SABAI SABAI RESTAURANTS LIMITED

COMPANY INFORMATION
for the year ended 29 February 2024







DIRECTORS: N Mali
Ms N Chanakul





SECRETARY: Ms N Chanakul





REGISTERED OFFICE: 1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB





REGISTERED NUMBER: 05035426 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

SABAI SABAI RESTAURANTS LIMITED (REGISTERED NUMBER: 05035426)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,834 2,542

CURRENT ASSETS
Stocks 4,500 4,500
Debtors 5 314,815 324,250
Cash at bank and in hand 50,095 54,577
369,410 383,327
CREDITORS
Amounts falling due within one year 6 80,079 110,411
NET CURRENT ASSETS 289,331 272,916
TOTAL ASSETS LESS CURRENT
LIABILITIES

291,165

275,458

CREDITORS
Amounts falling due after more than one
year

7

14,167

24,167
NET ASSETS 276,998 251,291

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 276,996 251,289
SHAREHOLDERS' FUNDS 276,998 251,291

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SABAI SABAI RESTAURANTS LIMITED (REGISTERED NUMBER: 05035426)

BALANCE SHEET - continued
29 February 2024


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 Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





Ms N Chanakul - Director


SABAI SABAI RESTAURANTS LIMITED (REGISTERED NUMBER: 05035426)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Sabai Sabai 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 each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 10% on reducing balance

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.

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 7 (2023 - 7 ) .

SABAI SABAI RESTAURANTS LIMITED (REGISTERED NUMBER: 05035426)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Short Fixtures
leasehold Plant and and Computer
Improvements machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 March 2023
and 29 February 2024 157,021 136,486 245,049 2,648 541,204
DEPRECIATION
At 1 March 2023 157,021 136,486 242,622 2,533 538,662
Charge for year - - 592 116 708
At 29 February 2024 157,021 136,486 243,214 2,649 539,370
NET BOOK VALUE
At 29 February 2024 - - 1,835 (1 ) 1,834
At 28 February 2023 - - 2,427 115 2,542

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 128 1,852
Tax debtor 67,276 67,276
Other debtors 396 -
Directors' current accounts 246,296 254,806
Tax 316 316
Prepayments 403 -
314,815 324,250

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 20,448 7,589
Tax 6,775 -
Social security and other taxes - 17,844
VAT 23,262 52,820
Pension 2,566 521
Wages 12,553 12,016
Accrued expenses 4,475 9,621
80,079 110,411

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 4,167 14,167
14,167 24,167

SABAI SABAI RESTAURANTS LIMITED (REGISTERED NUMBER: 05035426)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
N Mali
Balance outstanding at start of year 43,601 42,747
Amounts advanced 970 854
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 44,571 43,601

Ms N Chanakul
Balance outstanding at start of year 211,205 212,965
Amounts advanced 8,410 16,240
Amounts repaid (19,089 ) (18,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 200,526 211,205

Interest is charged on directors loan balances at the HMRC Official rate of interest.

9. RELATED PARTY DISCLOSURES

The company paid rent of £17,500 (2023: £42,000) in respect of its premises to Mr Mali.

10. ULTIMATE CONTROLLING PARTY

The company is a 51% owned subsidiary of Shanakul Limited.