11396091falseLicensed restaurant2023-07-012024-06-30http://www.companieshouse.gov.uk/2023-06-30http://www.companieshouse.gov.uk/pt:PlantMachinery2023-06-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-06-30http://www.companieshouse.gov.uk/cd:Director12023-07-012024-06-30http://www.companieshouse.gov.uk/pt:PlantMachinery2024-06-30http://www.companieshouse.gov.uk/pt:ShareCapital2024-06-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-07-012024-06-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-07-012024-06-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-07-012024-06-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-06-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-06-30http://www.companieshouse.gov.uk/2023-07-012024-06-30http://www.companieshouse.gov.uk/2023-06-30http://www.companieshouse.gov.uk/cd:FRS1022023-07-012024-06-30http://www.companieshouse.gov.uk/2024-06-30http://www.companieshouse.gov.uk/cd:FullAccounts2023-07-012024-06-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-07-012024-06-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 11396091

Khan's At The Waterloo Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024

Prepared By:
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

Khan's At The Waterloo Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
DIRECTORS
A I Khan
REGISTERED OFFICE
A69 Aglionby
Carlisle
Cumbria
CA4 8AG
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11396091
BANKERS
NatWest Bank Plc
ACCOUNTANTS
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

Khan's At The Waterloo Ltd

ACCOUNTS
FOR THEYEARENDED30/06/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Khan's At The Waterloo Ltd

BALANCE SHEET AT 30/06/2024
20242023
Notes££
FIXED ASSETS
Tangible assets34,3625,817
CURRENT ASSETS
Stock1,1001,100
Cash at bank and in hand120,91971,615
122,01972,715
CREDITORS: Amounts falling due within one year537,89429,594
NET CURRENT ASSETS84,12543,121
TOTAL ASSETS LESS CURRENT LIABILITIES88,48748,938
CAPITAL AND RESERVES
Called up share capital622
Profit and loss account88,48548,936
SHAREHOLDERS' FUNDS88,48748,938
For the year ending 30/06/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 14/03/2025 and signed on their behalf by
.............................
A I Khan
Director

Khan's At The Waterloo Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Khan's At The Waterloo Ltd

1f. Government Grants
Government grants offering immediate financial assistance for Covid-19 are recognised in profit and loss in the year in which they are received.
1g. Leases
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the lease term.
2. EMPLOYEES
20242023
No.No.
Average number of employees1314
3. TANGIBLE FIXED ASSETS
Plant and
MachineryTotal
££
Cost
At 01/07/202314,05314,053
At 30/06/202414,05314,053
Depreciation
At 01/07/20238,2368,236
For the year1,4551,455
At 30/06/20249,6919,691
Net Book Amounts
At 30/06/20244,3624,362
At 30/06/20235,8175,817
4. STOCK 20242023
££
Stock comprises:
Stock1,1001,100
1,1001,100

Khan's At The Waterloo Ltd

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax12,9446,795
VAT15,79713,996
Other taxation and social security creditors2,189993
Directors current account5,5646,510
Accruals1,4001,300
37,89429,594
6. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22
7. RELATED PARTY TRANSACTIONS
The director was paid a salary of £18,199 during the year (2023 - £18,199).
Dividends of £9,000 were paid to the director and persons holding a participating interest during the year (2023: £2,000).
At the balance sheet date the company owed the director a balance of £5,564 (2023: £6,510). This amount is unsecured, interest free and repayable on demand.
8. ADDITIONAL INFORMATION
The company is a private company, limited by shares and registered in England & Wales.
The company's registered number is 11396091.
The company's registered office is A69 Aglionby, Carlisle CA4 8AG.
9. GUARANTEES AND COMMITMENTS
At the balance sheet date the company had outstanding commitments under operating leases of £75,790.