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Registered number: 13276207














16CS OPERATIONS LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
16CS OPERATIONS LTD
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 5


 
16CS OPERATIONS LTD
REGISTERED NUMBER:13276207

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
578,154
476,009

Bank and cash balances
  
25,545
13,827

  
603,699
489,836

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(655,010)
(538,897)

Net current liabilities
  
 
 
(51,311)
 
 
(49,061)

Creditors: amounts falling due after more than one year
  
(133,500)
-

  

Net liabilities
  
(184,811)
(49,061)


Capital and reserves
  

Called up share capital 
 7 
1,000
1,000

Profit and loss account
  
(185,811)
(50,061)

  
(184,811)
(49,061)


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 statement of comprehensive income 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 17 February 2025.




A Rossoz
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
16CS OPERATIONS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

16CS Operations Limited is a private limited liability company registered in England and Wales. Its registered office address is at 2nd Floor Connaught House, 1-3 Mount Street, London, W1K 3NB.
The principal activity of the company is that of operating a restaurant. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the reporting date the company has net liabilities. After the reporting date the parent company has obtained a commitment from its investors to provide further investment of £16M to the group. The directors also have other plans for raising further investment in the future. The committed investments and additional investments are in the opinion of the directors sufficient for the group to carry on trading and meet their financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. Therefore the accounts have been prepared under the going concern basis.

 
2.3

Foreign currency translation

The Company's functional and presentational currency is £ sterling. 
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses are presented in the Statement of Comprehensive Income.

 
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.

Page 2

 
16CS OPERATIONS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

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 reporting date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 2).

Page 3

 
16CS OPERATIONS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
481,167
476,009

Other debtors
1,944
-

Prepayments and accrued income
95,043
-

578,154
476,009



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
67

Trade creditors
55,007
29,158

Amounts owed to group undertakings
586,114
496,842

Taxation and social security
-
3,720

Accruals and deferred income
13,889
9,110

655,010
538,897



6.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Accruals and deferred income
133,500
-

133,500
-



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 Ordinary shares of £1 each
1,000
1,000


Page 4

 
16CS OPERATIONS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Parent undertaking

The immediate parent undertaking is 16CS Holding Ltd, a company registered in England and Wales. It's registered office is at 2nd Floor Connaught House, 1-3 Mount Street, London, W1K 3NB.
At the reporting date the ultimate parent undertaking was 7 Rodier SAS, a company registered in France. Its registered office address is at 63 Avenue Franklin Roosevelt, 75008 Paris, France.

9.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 17 February 2025 by Martyn Atkinson FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.

 
Page 5