Acorah Software Products - Accounts Production 15.0.600 false true true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 11192544 Mr Cem Bilge Mr Atif Civan Er iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11192544 2023-02-28 11192544 2024-02-29 11192544 2023-03-01 2024-02-29 11192544 frs-core:CurrentFinancialInstruments 2024-02-29 11192544 frs-core:Non-currentFinancialInstruments 2024-02-29 11192544 frs-core:BetweenOneFiveYears 2024-02-29 11192544 frs-core:ComputerEquipment 2024-02-29 11192544 frs-core:ComputerEquipment 2023-03-01 2024-02-29 11192544 frs-core:ComputerEquipment 2023-02-28 11192544 frs-core:FurnitureFittings 2024-02-29 11192544 frs-core:FurnitureFittings 2023-03-01 2024-02-29 11192544 frs-core:FurnitureFittings 2023-02-28 11192544 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-29 11192544 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-29 11192544 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-28 11192544 frs-core:PlantMachinery 2024-02-29 11192544 frs-core:PlantMachinery 2023-03-01 2024-02-29 11192544 frs-core:PlantMachinery 2023-02-28 11192544 frs-core:WithinOneYear 2024-02-29 11192544 frs-core:ShareCapital 2024-02-29 11192544 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 11192544 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11192544 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 11192544 frs-bus:SmallEntities 2023-03-01 2024-02-29 11192544 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11192544 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11192544 frs-bus:Director1 2023-03-01 2024-02-29 11192544 frs-bus:Director1 2023-02-28 11192544 frs-bus:Director1 2024-02-29 11192544 frs-bus:Director2 2023-03-01 2024-02-29 11192544 frs-bus:Director2 2023-02-28 11192544 frs-bus:Director2 2024-02-29 11192544 frs-core:CurrentFinancialInstruments 1 2024-02-29 11192544 frs-core:CurrentFinancialInstruments 2 2024-02-29 11192544 frs-core:CurrentFinancialInstruments 3 2024-02-29 11192544 frs-core:CurrentFinancialInstruments 4 2024-02-29 11192544 frs-core:CurrentFinancialInstruments 8 2024-02-29 11192544 frs-countries:EnglandWales 2023-03-01 2024-02-29 11192544 2022-02-28 11192544 2023-02-28 11192544 2022-03-01 2023-02-28 11192544 frs-core:CurrentFinancialInstruments 2023-02-28 11192544 frs-core:Non-currentFinancialInstruments 2023-02-28 11192544 frs-core:BetweenOneFiveYears 2023-02-28 11192544 frs-core:WithinOneYear 2023-02-28 11192544 frs-core:ShareCapital 2023-02-28 11192544 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 11192544 frs-core:CurrentFinancialInstruments 1 2023-02-28 11192544 frs-core:CurrentFinancialInstruments 2 2023-02-28 11192544 frs-core:CurrentFinancialInstruments 3 2023-02-28 11192544 frs-core:CurrentFinancialInstruments 4 2023-02-28 11192544 frs-core:CurrentFinancialInstruments 5 2023-02-28 11192544 frs-core:CurrentFinancialInstruments 6 2023-02-28 11192544 frs-core:CurrentFinancialInstruments 7 2023-02-28 11192544 frs-core:CurrentFinancialInstruments 8 2023-02-28
Registered number: 11192544
C&C Restaurant Management Services Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
EEE Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11192544
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 171,086 284,591
171,086 284,591
CURRENT ASSETS
Stocks 5 17,530 21,722
Debtors 6 197,687 124,798
Cash at bank and in hand 123,650 73,560
338,867 220,080
Creditors: Amounts Falling Due Within One Year 7 (2,147,064 ) (2,098,538 )
NET CURRENT ASSETS (LIABILITIES) (1,808,197 ) (1,878,458 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,637,111 ) (1,593,867 )
Creditors: Amounts Falling Due After More Than One Year 8 (76,211 ) (126,211 )
NET LIABILITIES (1,713,322 ) (1,720,078 )
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account (1,714,322 ) (1,721,078 )
SHAREHOLDERS' FUNDS (1,713,322) (1,720,078)
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Page 2
For the year ending 29 February 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Atif Civan Er
Director
26/11/2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
C&C Restaurant Management Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11192544 . The registered office is 55 Beak Street, Soho, London, W1F 9SH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
Notwithstanding the deficit of assets at the balance sheet date these financial statements have been prepared on a going concern basis. Support has been provided by loans from director who have indicated that this support will continue for the foreseeable future.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 3032 Days
Plant & Machinery 5 Years
Fixtures & Fittings 5 Years
Computer Equipment 3 Years
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 13)
12 13
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 424,331 61,025 324,521 10,635 820,512
Additions - 7,705 2,387 - 10,092
As at 29 February 2024 424,331 68,730 326,908 10,635 830,604
Depreciation
As at 1 March 2023 227,382 42,862 255,771 9,906 535,921
Provided during the period 51,082 12,269 59,979 267 123,597
As at 29 February 2024 278,464 55,131 315,750 10,173 659,518
Net Book Value
As at 29 February 2024 145,867 13,599 11,158 462 171,086
As at 1 March 2023 196,949 18,163 68,750 729 284,591
5. Stocks
2024 2023
£ £
Stock 17,530 21,722
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,270 3,903
Prepayments and accrued income 16,517 14,551
Other debtors Amex control (Debtors < 1 year) 3,210 277
Other debtors Duality control (Debtors < 1 year) 12,140 17,600
Stripe (Debtors < 1 year) - 116
Debtor - Staff1 - 3,105
Debtor - Staff2 - 4,315
Debtor - Staff3 2,200 3,772
37,337 47,639
Due after more than one year
Rent Deposit 160,350 77,159
197,687 124,798
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 23,081 55,690
Bank loans and overdrafts 9,378 9,846
Other taxes and social security 7,389 17,101
VAT 48,128 21,684
Net wages 4,210 20,758
Service Charge Collected/Deducted 15,097 4,708
Pensions 1,354 2,708
Other creditors Voucher Control (Current liabilities - creditors < 1 year) 9,020 551
Other creditors (6) - 65
Accruals and deferred income 152,304 146,324
Directors' loan accounts 1,877,103 1,819,103
2,147,064 2,098,538
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 18,469 28,469
Other creditors Vinoteca Loan (Long term liabilities - creditors > 1 year) 57,742 57,742
Directors loan account - 40,000
76,211 126,211
Other creditor balance is repayable on 26 December 2026.
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 177,500 177,500
Later than one year and not later than five years 322,904 500,404
500,404 677,904
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11. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 29 February 2024
£ £ £ £ £
Mr Cem Bilge 1,658,325 84,000 - - 1,742,325
Mr Atif Er 200,778 - 66,000 - 134,778
Mr Cem Bilge lend £1,742,325 to the company:
£326,000 attracts interests at 10%, is unsecured and subordinated - the loan is made up of the following loans:
- Loan 1 £110,000 (Principal £100,000 AND Capitalised Interest £10,000) is repayable on 30th October 2023
- Loan 2 £110,000 (Principal £100,000 AND Capitalised Interest £10,000) is repayable on 3rd December 2023
- Loan 3 £66,000 (Principal £60,000 AND Capitalised Interest £6,000) is repayable on 31st January 2024
- Loan 4 £40,000 (Principal £40,000) is repayable on 28th March 2024
£770,000 is repayable on 5th September 2023, attracts interests at 10% and is unsecured. Principal Loan Amount is £700,000 AND Capitalised Interest Amount is £70,000
£646,325 is unsecured, interest free and repayable on demand.
Mr Atif Civan Er lend £134,778 to the company:
£134,000 is repayble on 10th January 2024, attracts interests at 0%, is unsecured and subordinated to other creditors' loans to the business.
£778 is unsecured, interest free and repayable on demand.
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