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REGISTERED NUMBER: 00876187 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

PHBB RESTAURANTS LIMITED

PHBB RESTAURANTS LIMITED (REGISTERED NUMBER: 00876187)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PHBB RESTAURANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Rahul Khanna
Kabir Suri
D Lamba



REGISTERED OFFICE: The Courtyard
14a Sydenham Road
Croydon
CR0 2EE



REGISTERED NUMBER: 00876187 (England and Wales)



SENIOR STATUTORY AUDITOR: Ashok Mukundlal Shah FCCA



AUDITORS: Ashfords Partnership LLP
114-116 Goodmayes Road
Ilford
Esex
IG3 9UZ

PHBB RESTAURANTS LIMITED (REGISTERED NUMBER: 00876187)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,411,555 1,615,678

CURRENT ASSETS
Debtors 5 52,451 41,133
Cash at bank and in hand 98,077 77,147
150,528 118,280
CREDITORS
Amounts falling due within one year 6 1,599,676 1,403,297
NET CURRENT LIABILITIES (1,449,148 ) (1,285,017 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(37,593

)

330,661

CREDITORS
Amounts falling due after more than one year 7 (38,649 ) (38,649 )

PROVISIONS FOR LIABILITIES (19,603 ) (19,603 )
NET (LIABILITIES)/ASSETS (95,845 ) 272,409

CAPITAL AND RESERVES
Called up share capital 9 1,000,000 1,000,000
Share premium 10 2,300,000 2,300,000
Retained earnings 10 (3,395,845 ) (3,027,591 )
SHAREHOLDERS' FUNDS (95,845 ) 272,409

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by:




Kabir Suri - Director



Rahul Khanna - Director


PHBB RESTAURANTS LIMITED (REGISTERED NUMBER: 00876187)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

PHBB Restaurants Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 - 10% on cost
Improvements to property - 10% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Going concern
The directors have prepared the financial statements on a going concern basis the validity of which is dependent upon the continued financial support from the directors and shareholders.

PHBB RESTAURANTS LIMITED (REGISTERED NUMBER: 00876187)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Long to Plant and and
leasehold property machinery fittings Totals
£    £    £    £    £   
COST
At 1 April 2023 59,909 1,701,398 373,713 612,392 2,747,412
Additions - 2,420 - 4,226 6,646
Disposals - - (5,636 ) - (5,636 )
At 31 March 2024 59,909 1,703,818 368,077 616,618 2,748,422
DEPRECIATION
At 1 April 2023 31,975 430,626 200,107 469,026 1,131,734
Charge for year 3,366 170,319 16,584 15,100 205,369
Eliminated on disposal - - (236 ) - (236 )
At 31 March 2024 35,341 600,945 216,455 484,126 1,336,867
NET BOOK VALUE
At 31 March 2024 24,568 1,102,873 151,622 132,492 1,411,555
At 31 March 2023 27,934 1,270,772 173,606 143,366 1,615,678

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 9,115 5,198
Amounts owed by group undertakings 6,141 133
Other debtors 37,195 35,802
52,451 41,133

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 183,921 185,156
Amounts owed to group undertakings 1,159,687 1,089,660
Taxation and social security 150,355 63,740
Other creditors 105,713 64,741
1,599,676 1,403,297

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 38,649 38,649

PHBB RESTAURANTS LIMITED (REGISTERED NUMBER: 00876187)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years 38,649 38,649

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1,000,000 Ordinary 1 1,000,000 1,000,000

10. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2023 (3,027,591 ) 2,300,000 (727,591 )
Deficit for the year (368,254 ) (368,254 )
At 31 March 2024 (3,395,845 ) 2,300,000 (1,095,845 )

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ashok Mukundlal Shah FCCA (Senior Statutory Auditor)
for and on behalf of Ashfords Partnership LLP

12. ULTIMATE CONTROLLING PARTY

During the year the company was controlled by Colaba Limited.