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REGISTERED NUMBER: 07462617 (England and Wales)


Kazan Restaurants Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2024






Kazan Restaurants Limited (Registered number: 07462617)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Kazan Restaurants Limited

Company Information
for the year ended 31 March 2024







DIRECTOR: Mr L Hassan





REGISTERED OFFICE: 77a Wilton Road
London
SW1V 1DE





REGISTERED NUMBER: 07462617 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Kazan Restaurants Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kazan Restaurants Limited for the year ended 31 March 2024 which comprise the Abridged Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Kazan Restaurants Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kazan Restaurants Limited and state those matters that we have agreed to state to the director of Kazan Restaurants Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kazan Restaurants Limited and its director for our work or for this report.

It is your duty to ensure that Kazan Restaurants Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kazan Restaurants Limited. You consider that Kazan Restaurants Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kazan Restaurants Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


24 March 2025

Kazan Restaurants Limited (Registered number: 07462617)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 87,772 99,123

CURRENT ASSETS
Inventories 5 11,532 11,234
Debtors 6 401,997 444,548
Cash at bank and in hand 5,163 19,257
418,692 475,039
CREDITORS
Amounts falling due within one year 7 557,299 622,972
NET CURRENT LIABILITIES (138,607 ) (147,933 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(50,835

)

(48,810

)

CREDITORS
Amounts falling due after more than one
year

8

(28,178

)

(41,302

)

PROVISIONS FOR LIABILITIES 10 (3,334 ) (3,753 )
NET LIABILITIES (82,347 ) (93,865 )

Kazan Restaurants Limited (Registered number: 07462617)

Statement of Financial Position - continued
31 March 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 (82,447 ) (93,965 )
SHAREHOLDERS' FUNDS (82,347 ) (93,865 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 March 2025 and were signed by:





Mr L Hassan - Director


Kazan Restaurants Limited (Registered number: 07462617)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Kazan 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when the customer takes delivery of the order and is generated from the ordinary activities of the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is determined on first in first out basis. Net realisable value is the amount to be realised from sale of stock less any cost to sell.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


Kazan Restaurants Limited (Registered number: 07462617)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 24 ) .

Kazan Restaurants Limited (Registered number: 07462617)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 April 2023 183,250 208,918 165,129 557,297
Additions - 5,050 - 5,050
At 31 March 2024 183,250 213,968 165,129 562,347
DEPRECIATION
At 1 April 2023 118,964 189,910 149,300 458,174
Charge for year 6,429 6,015 3,957 16,401
At 31 March 2024 125,393 195,925 153,257 474,575
NET BOOK VALUE
At 31 March 2024 57,857 18,043 11,872 87,772
At 31 March 2023 64,286 19,008 15,829 99,123

5. INVENTORIES
2024 2023
£    £   
Finished goods 11,532 11,234

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 376,483 401,740
Other debtors 25,514 42,808
401,997 444,548

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,457 48,474
Trade creditors 61,359 100,055
Taxation and social security 404,226 420,630
Other creditors 86,257 53,813
557,299 622,972

Kazan Restaurants Limited (Registered number: 07462617)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 28,178 41,302

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 33,635 89,776

There is a guarantee of £200,000 provided by director Levent Hassan and participators in respect of the above loan.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,334 3,753

Deferred
tax
£   
Balance at 1 April 2023 3,753
Credit to Statement of Income and Retained Earnings during year (419 )
Balance at 31 March 2024 3,334

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

Kazan Restaurants Limited (Registered number: 07462617)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

12. RESERVES
Retained
earnings
£   

At 1 April 2023 (93,965 )
Profit for the year 11,518
At 31 March 2024 (82,447 )

13. RELATED PARTY DISCLOSURES

Included within creditors are amounts due to key management personnel at balance sheet date of £126 (2023: £45) No interest is being charged on the outstanding amount and no set repayment terms are in place.

Included within debtors are amounts owed from companies under common control at balance sheet date of £385,806. (2023: £411,176) No interest is being charged on the outstanding amounts and no set repayment terms are in place.