Silverfin false false 31/08/2024 01/09/2023 31/08/2024 A E Forlan 01/08/2023 B K Macmillan 11/08/2021 A W Marshall 11/08/2021 05 February 2025 The principle activity for the company during the financial year was that of a holding company. 13560281 2024-08-31 13560281 bus:Director1 2024-08-31 13560281 bus:Director2 2024-08-31 13560281 bus:Director3 2024-08-31 13560281 2023-08-31 13560281 core:CurrentFinancialInstruments 2024-08-31 13560281 core:CurrentFinancialInstruments 2023-08-31 13560281 core:Non-currentFinancialInstruments 2024-08-31 13560281 core:Non-currentFinancialInstruments 2023-08-31 13560281 core:ShareCapital 2024-08-31 13560281 core:ShareCapital 2023-08-31 13560281 core:SharePremium 2024-08-31 13560281 core:SharePremium 2023-08-31 13560281 core:RetainedEarningsAccumulatedLosses 2024-08-31 13560281 core:RetainedEarningsAccumulatedLosses 2023-08-31 13560281 core:CostValuation 2023-08-31 13560281 core:AdditionsToInvestments 2024-08-31 13560281 core:CostValuation 2024-08-31 13560281 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2024-08-31 13560281 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2023-08-31 13560281 bus:OrdinaryShareClass1 2024-08-31 13560281 bus:OrdinaryShareClass2 2024-08-31 13560281 2023-09-01 2024-08-31 13560281 bus:FilletedAccounts 2023-09-01 2024-08-31 13560281 bus:SmallEntities 2023-09-01 2024-08-31 13560281 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 13560281 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 13560281 bus:Director1 2023-09-01 2024-08-31 13560281 bus:Director2 2023-09-01 2024-08-31 13560281 bus:Director3 2023-09-01 2024-08-31 13560281 2022-09-01 2023-08-31 13560281 core:CurrentFinancialInstruments 2023-09-01 2024-08-31 13560281 core:Non-currentFinancialInstruments 2023-09-01 2024-08-31 13560281 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 13560281 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 13560281 bus:OrdinaryShareClass2 2023-09-01 2024-08-31 13560281 bus:OrdinaryShareClass2 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13560281 (England and Wales)

STREET FOOD HOLDINGS LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH THE REGISTRAR

STREET FOOD HOLDINGS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024

Contents

STREET FOOD HOLDINGS LTD

BALANCE SHEET

AS AT 31 AUGUST 2024
STREET FOOD HOLDINGS LTD

BALANCE SHEET (continued)

AS AT 31 AUGUST 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 10,102 10,002
10,102 10,002
Current assets
Debtors 4 1,005,158 566,282
Cash at bank and in hand 1,295 617
1,006,453 566,899
Creditors: amounts falling due within one year 5 ( 53,144) ( 23,467)
Net current assets 953,309 543,432
Total assets less current liabilities 963,411 553,434
Creditors: amounts falling due after more than one year 6 ( 67,147) 0
Net assets 896,264 553,434
Capital and reserves
Called-up share capital 7 39,750 30,700
Share premium account 967,750 524,300
Profit and loss account ( 111,236 ) ( 1,566 )
Total shareholders' funds 896,264 553,434

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Street Food Holdings Ltd (registered number: 13560281) were approved and authorised for issue by the Board of Directors on 05 February 2025. They were signed on its behalf by:

B K Macmillan
Director
A W Marshall
Director
STREET FOOD HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024
STREET FOOD HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Street Food Holdings Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 20-22 Wenlock Road, London, N1 7GU, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for management services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the subsidiary company.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction cost. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans and loans from fellow group companies are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. Trade creditors are recognised at transaction price.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 2

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 September 2023 10,002
Additions 100
At 31 August 2024 10,102
Carrying value at 31 August 2024 10,102
Carrying value at 31 August 2023 10,002

4. Debtors

2024 2023
£ £
Amounts owed by own subsidiaries 953,652 564,448
Other debtors 51,506 1,834
1,005,158 566,282

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 16,147 11,197
Other taxation and social security 7,632 1,800
Other creditors 29,365 10,470
53,144 23,467

There are no amounts included above in respect of which any security has been given by the small entity.

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other loans 67,147 0

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
39,550 A Ordinary shares of £ 1.00 each (2023: 30,500 shares of £ 1.00 each) 39,550 30,500
200 B Ordinary shares of £ 1.00 each 200 200
39,750 30,700