Acorah Software Products - Accounts Production 16.0.110 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 05236297 Mr S Bains Mrs A Bains Juju Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05236297 2022-11-30 05236297 2023-11-30 05236297 2022-12-01 2023-11-30 05236297 frs-core:Non-currentFinancialInstruments 2023-11-30 05236297 frs-core:FurnitureFittings 2022-12-01 2023-11-30 05236297 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-01 2023-11-30 05236297 frs-core:CapitalRedemptionReserve 2023-11-30 05236297 frs-core:OtherReservesSubtotal 2023-11-30 05236297 frs-core:ShareCapital 2023-11-30 05236297 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 05236297 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 05236297 frs-bus:AbridgedAccounts 2022-12-01 2023-11-30 05236297 frs-bus:SmallEntities 2022-12-01 2023-11-30 05236297 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 05236297 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 05236297 1 2022-12-01 2023-11-30 05236297 frs-core:CostValuation 2022-11-30 05236297 frs-core:DisposalsRepaymentsInvestments 2023-11-30 05236297 frs-core:CostValuation 2023-11-30 05236297 frs-bus:Director1 2022-12-01 2023-11-30 05236297 frs-bus:Director2 2022-12-01 2023-11-30 05236297 frs-countries:EnglandWales 2022-12-01 2023-11-30 05236297 2021-11-30 05236297 2022-11-30 05236297 2021-12-01 2022-11-30 05236297 frs-core:Non-currentFinancialInstruments 2022-11-30 05236297 frs-core:CapitalRedemptionReserve 2022-11-30 05236297 frs-core:OtherReservesSubtotal 2022-11-30 05236297 frs-core:ShareCapital 2022-11-30 05236297 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 05236297
Restaurant Sat Bains Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 05236297
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 155,633 311,103
Investments 5 - 5,937
155,633 317,040
CURRENT ASSETS
Stocks 81,021 100,940
Debtors - 39,550
Cash at bank and in hand 188,723 274,602
269,744 415,092
Creditors: Amounts Falling Due Within One Year (305,140 ) (445,416 )
NET CURRENT ASSETS (LIABILITIES) (35,396 ) (30,324 )
TOTAL ASSETS LESS CURRENT LIABILITIES 120,237 286,716
Creditors: Amounts Falling Due After More Than One Year (18,437 ) (27,212 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (35,509 ) (34,369 )
NET ASSETS 66,291 225,135
CAPITAL AND RESERVES
Called up share capital 6 800 800
Capital redemption reserve 200 200
Other reserves 34,850 34,850
Profit and Loss Account 30,441 189,285
SHAREHOLDERS' FUNDS 66,291 225,135
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For the year ending 30 November 2023 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 November 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr S Bains
Director
9 October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Restaurant Sat Bains Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05236297 . The registered office is Restaurant Sat Bains Ltd, Old Lenton Lane, Nottingham, NG7 2SA.
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. 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.
2.3. 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 25% straight line basis
Fixtures & Fittings 20% reducing balance basis
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was 36 (2022: 38)
36 38
4. Tangible Assets
Total
£
Cost
As at 1 December 2022 1,019,613
Additions 49,830
Disposals (166,392 )
As at 30 November 2023 903,051
Depreciation
As at 1 December 2022 708,510
Provided during the period 38,908
As at 30 November 2023 747,418
Net Book Value
As at 30 November 2023 155,633
As at 1 December 2022 311,103
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5. Investments
Total
£
Cost
As at 1 December 2022 5,937
Disposals (5,937 )
As at 30 November 2023 -
Provision
As at 1 December 2022 -
As at 30 November 2023 -
Net Book Value
As at 30 November 2023 -
As at 1 December 2022 5,937
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 800 800
7. Related Party Transactions
Juju Bains LimitedRestaurant Sat Bains Ltd is a wholly owned subsidiary of Juju Bains LimitedThere is an intercompany loan account. The balance at the year end was £100,927 (2021 - £31,114) due to JuJu Bains Limited

Juju Bains Limited

Restaurant Sat Bains Ltd is a wholly owned subsidiary of Juju Bains Limited

There is an intercompany loan account. The balance at the year end was £100,927 (2021 - £31,114) due to JuJu Bains Limited

8. Ultimate Controlling Party
The company's ultimate controlling party is Juju Limited by virtue of 100% ownership of the issued share capital in the company.
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