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REGISTERED NUMBER: 06723523 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 20 MAY 2024

FOR

BRASIL RESTAURANTS LIMITED

BRASIL RESTAURANTS LIMITED (REGISTERED NUMBER: 06723523)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 20 MAY 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


BRASIL RESTAURANTS LIMITED (REGISTERED NUMBER: 06723523)

BALANCE SHEET
20 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,142 80,383

CURRENT ASSETS
Stocks 38,100 38,100
Debtors 5 1,023,093 818,203
Cash at bank 14,610 83,214
1,075,803 939,517
CREDITORS
Amounts falling due within one year 6 794,875 693,769
NET CURRENT ASSETS 280,928 245,748
TOTAL ASSETS LESS CURRENT
LIABILITIES

306,070

326,131

CREDITORS
Amounts falling due after more than one year 7 (9,950 ) (37,929 )

PROVISIONS FOR LIABILITIES (2,728 ) (2,728 )
NET ASSETS 293,392 285,474

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 291,392 283,474
293,392 285,474

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 20 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 20 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BRASIL RESTAURANTS LIMITED (REGISTERED NUMBER: 06723523)

BALANCE SHEET - continued
20 MAY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 December 2025 and were signed by:





K G F D Magalhaes - Director


BRASIL RESTAURANTS LIMITED (REGISTERED NUMBER: 06723523)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 20 MAY 2024


1. STATUTORY INFORMATION

Brasil Restaurants Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06723523

Registered office: 58 Lever Street
Northern Quarter
Manchester
M1 1FJ

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.
Long leasehold - 5% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% 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 Profit and Loss Account, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

BRASIL RESTAURANTS LIMITED (REGISTERED NUMBER: 06723523)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 20 MAY 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2023 - 35 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 21 May 2023
and 20 May 2024 272,279 621,492 5,338 899,109
DEPRECIATION
At 21 May 2023 241,773 571,708 5,245 818,726
Charge for year 30,506 24,642 93 55,241
At 20 May 2024 272,279 596,350 5,338 873,967
NET BOOK VALUE
At 20 May 2024 - 25,142 - 25,142
At 20 May 2023 30,506 49,784 93 80,383

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 856,071 711,571
Other debtors 167,022 106,632
1,023,093 818,203

BRASIL RESTAURANTS LIMITED (REGISTERED NUMBER: 06723523)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 20 MAY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 15,521 69,640
Trade creditors - (1 )
Amounts owed to group undertakings 45,497 95,497
Tax 115,388 111,976
Social security and other taxes 13,911 39,581
VAT 56,367 59,784
Other creditors 380,245 149,346
Accrued expenses 167,946 167,946
794,875 693,769

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 9,950 32,251
Other creditors - 5,678
9,950 37,929

8. RELATED PARTY DISCLOSURES

The company is controlled by its directors, throughout the current period and previous year.

As at the year end Bem Brasil Restaurants Limited, a company which the director K Magalhaes has an interest, was owed £45,496 (2023: - £95,496).

As at the year end Bem Brasil Liverpool Limited, a company which the director K Magalhaes has an interest, owed £457,646 (2023: - £437,646).

As at the year end Bem Brasil Limited, a company which the director K Magalhaes has an interest, owed £282,354 (2023: - £156,354).
During the year a management charge of £110,000 was issued from Bem Brasil Limited to Brasil Restaurants Limited for services provided.

As at the year end Bem Brasil Cheshire Limited, a company which the director K Magalhaes has an interest, owed £74,850 (2022: - £76,350).

As at the year end South Sea Import Export Company Limited, a company which the director K Magalhaes has an interest, owed £41,221 (2023: - £41,221).

As at the year end the director K Magalhaes owes the company £123,374.