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Registered number: 12451681














JEREMY KING RESTAURANTS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

 
JEREMY KING RESTAURANTS LIMITED
 

CONTENTS



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


 
JEREMY KING RESTAURANTS LIMITED
REGISTERED NUMBER:12451681

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,061
-

 
Current assets
  

Debtors: amounts falling due within one year
 5 
349,905
82,353

Cash at bank and in hand
  
1,070
-

  
350,975
82,353

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(642,535)
(244,739)

Net current liabilities
  
 
 
(291,560)
 
 
(162,386)

Net liabilities
  
(286,499)
(162,386)


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
(286,599)
(162,486)

  
(286,499)
(162,386)


The directors consider 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 14 March 2025.



B G Whitfield
Director

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

Page 1

 
JEREMY KING RESTAURANTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Jeremy King Restaurants Limited is a private limited liability company incorporated in England and Wales with its registered office at 2nd Floor Connaught House, 1-3 Mount Street, London, W1K 3NB.
                                                                            
The principal activity of the Company is the operation and management of restaurants.
The Company's functional and presentational currency is £ Sterling.

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

The financial statements of the Company have been prepared on a going concern basis, the validity of which is dependent on the continued support of the shareholder of the Company, who was owed £375,610 (2023 - £161,224) in respect of an unsecured loan at the reporting date. The directors are satisfied that sufficient facilities will continue to be made available to enable the Company to meet its financial liabilities for at least twelve months from the date of their approval of the financial statements.

 
2.3

Turnover

Turnover 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 for services is recognised in the period in which the services are provided.

 
2.4

Pensions

Defined contribution pension plan
The Company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 2

 
JEREMY KING RESTAURANTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

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.


 
2.6

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.

Depreciation is provided on the following basis:

Office equipment
-
25%
straight-line

 
2.7

Debtors

Short-term debtors are measured at the transaction price, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

 
2.9

Creditors

Short-term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the period was 6 (2023 - 2).


Page 3

 
JEREMY KING RESTAURANTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Office equipment

£



Cost


Additions
5,753



At 30 June 2024

5,753



Depreciation


Charge for the year on owned assets
692



At 30 June 2024

692



Net book value



At 30 June 2024
5,061



At 30 June 2023
-


5.


Debtors

2024
2023
£
£

Trade debtors
339,436
-

Other debtors
8,940
22,353

Prepayments and accrued income
1,529
60,000

349,905
82,353



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
11,961
14,123

Taxation and social security
49,176
-

Other creditors
511,647
163,462

Accruals and deferred income
69,751
67,154

642,535
244,739


Page 4

 
JEREMY KING RESTAURANTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1 each
100
100


 
Page 5