Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-01falsefalseOther service activities not elsewhere classified11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13151813 2023-02-01 2024-01-31 13151813 2022-02-01 2023-01-31 13151813 2024-01-31 13151813 2023-01-31 13151813 c:Director1 2023-02-01 2024-01-31 13151813 d:MotorVehicles 2023-02-01 2024-01-31 13151813 d:MotorVehicles 2024-01-31 13151813 d:MotorVehicles 2023-01-31 13151813 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 13151813 d:FurnitureFittings 2023-02-01 2024-01-31 13151813 d:FurnitureFittings 2024-01-31 13151813 d:FurnitureFittings 2023-01-31 13151813 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 13151813 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 13151813 d:CurrentFinancialInstruments 2024-01-31 13151813 d:CurrentFinancialInstruments 2023-01-31 13151813 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 13151813 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 13151813 d:ShareCapital 2024-01-31 13151813 d:ShareCapital 2023-01-31 13151813 d:RetainedEarningsAccumulatedLosses 2024-01-31 13151813 d:RetainedEarningsAccumulatedLosses 2023-01-31 13151813 c:FRS102 2023-02-01 2024-01-31 13151813 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13151813 c:FullAccounts 2023-02-01 2024-01-31 13151813 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13151813 2 2023-02-01 2024-01-31 13151813 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 13151813









CITY RESTAURANTS FRANCHISE LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
CITY RESTAURANTS FRANCHISE LTD
REGISTERED NUMBER: 13151813

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
114,784
71,938

  
114,784
71,938

Current assets
  

Debtors: amounts falling due within one year
 5 
570,311
312,416

Cash at bank and in hand
 6 
33,726
10,893

  
604,037
323,309

Creditors: amounts falling due within one year
 7 
(540,244)
(278,444)

Net current assets
  
 
 
63,793
 
 
44,865

Total assets less current liabilities
  
178,577
116,803

  

Net assets
  
178,577
116,803

Page 1

 
CITY RESTAURANTS FRANCHISE LTD
REGISTERED NUMBER: 13151813
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
178,477
116,703

  
178,577
116,803


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 January 2025.




Omair Ali
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
CITY RESTAURANTS FRANCHISE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

City Restaurants Franchise Ltd is a company limited by shares incorporated in England within the United Kingdom, having a registration of 13151813. The address of the registered office is Unit 15 Beecham Business Park, Aldridge, Walsall, England, WS9 8TZ.
The financial statements are presented in sterling which is functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements has been prepared on a going concern basis which assumes that the  company will continue to receive support from creditors and the director as and when required.

Page 3

 
CITY RESTAURANTS FRANCHISE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
CITY RESTAURANTS FRANCHISE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Fixtures and fittings
-
10%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
CITY RESTAURANTS FRANCHISE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Emmployees
1
1


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 February 2023
95,917
-
95,917


Additions
-
74,250
74,250



At 31 January 2024

95,917
74,250
170,167



Depreciation


At 1 February 2023
23,979
-
23,979


Charge for the year on owned assets
23,979
7,425
31,404



At 31 January 2024

47,958
7,425
55,383



Net book value



At 31 January 2024
47,959
66,825
114,784



At 31 January 2023
71,938
-
71,938


5.


Debtors

2024
2023
£
£


Trade debtors
539,891
312,316

Other debtors
30,420
100

570,311
312,416


Page 6

 
CITY RESTAURANTS FRANCHISE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
33,726
10,893

Less: bank overdrafts
(3,633)
-

30,093
10,893



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
3,633
-

Other loans
43,750
28,750

Trade creditors
429,434
144,138

Corporation tax
17,149
11,515

Other taxation and social security
7,620
15,011

Other creditors
38,658
79,030

540,244
278,444


Page 7

 
CITY RESTAURANTS FRANCHISE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

8.


Related party transactions

Omair Ali is the sole director of the company.
During the year, the director provided loans of £35,569 to the company. As at the balance sheet date, the company owed the director £37,099 (2023: £1,530), which is shown in Other Creditors due within one year.
The above balance is payable on demand and therefore there are no significant differences between the value of the original loan amount and the initial carrying value of the loan as shown in the balance sheet.

Omair Ali is also a director of City Restaurants Operations Ltd. 
During the year the company transacted with City Restaurants Operations Ltd for good and services for a net amount of £87,896. As at the balance sheet date, the company was owed £52,429 (2023: £89,370) from City Restaurants Operations Ltd, which is shown in Debtors due within one year.
The above balance is payable on demand and therefore there are no significant differences between the value of the original loan amount and the initial carrying value of the loan as shown in the balance sheet.

Omair Ali is also a director of City Restaurants Services Ltd. 
During the year the company transacted with City Restaurants Services Ltd for good and services for a net amount of £285,297. As at the balance sheet date, company owes £254,832 (2023: £84,755) to City Restaurants Services Ltd which is shown in Creditors due within one year.
The above balance is payable on demand and therefore there are no significant differences between the value of the original loan amount and the initial carrying value of the loan as shown in the balance sheet.


9.


Controlling party

The company is controlled by City Restaurants Group Ltd.

 
Page 8