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REGISTERED NUMBER: 12645671 (England and Wales)
















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Akub Restaurant Limited

Akub Restaurant Limited (Registered number: 12645671)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Akub Restaurant Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs R Khouri
F Kattan
A Anabtawi
Miss T Xefos





REGISTERED OFFICE: Britannia Court
5 Moor Street
Worcester
Worcestershire
WR1 3DB





REGISTERED NUMBER: 12645671 (England and Wales)





ACCOUNTANTS: Chandler and Partners Limited
5 Moor Street
Worcester
Worcestershire
WR1 3DB

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Akub Restaurant Limited

The following reproduces the text of the report prepared for the directors 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors 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 Akub Restaurant Limited for the year ended 30 June 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 Board of Directors of Akub Restaurant Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Akub Restaurant Limited and state those matters that we have agreed to state to the Board of Directors of Akub Restaurant Limited, as a body, 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 Akub Restaurant Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Akub Restaurant 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 Akub Restaurant Limited. You consider that Akub Restaurant 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 Akub Restaurant 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.






Chandler and Partners Limited
5 Moor Street
Worcester
Worcestershire
WR1 3DB


Date: .............................................

Akub Restaurant Limited (Registered number: 12645671)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,158,771 1,159,118

CURRENT ASSETS
Stocks 40,674 34,064
Debtors 5 516,317 66,394
Cash at bank 28,273 190,800
585,264 291,258
CREDITORS
Amounts falling due within one year 6 (210,273 ) (151,084 )
NET CURRENT ASSETS 374,991 140,174
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,533,762

1,299,292

CAPITAL AND RESERVES
Called up share capital 6,698 6,698
Share premium 1,554,500 1,554,500
Retained earnings (27,436 ) (261,906 )
1,533,762 1,299,292

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:




Mrs R Khouri - Director


Akub Restaurant Limited (Registered number: 12645671)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Akub Restaurant 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.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

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

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 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.

Akub Restaurant Limited (Registered number: 12645671)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 40 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 1,028,633 147,205 12,880 1,188,718
Additions 20,310 11,805 638 32,753
Disposals - - (542 ) (542 )
At 30 June 2024 1,048,943 159,010 12,976 1,220,929
DEPRECIATION
At 1 July 2023 - 27,839 1,761 29,600
Charge for year - 30,175 2,473 32,648
Eliminated on disposal - - (90 ) (90 )
At 30 June 2024 - 58,014 4,144 62,158
NET BOOK VALUE
At 30 June 2024 1,048,943 100,996 8,832 1,158,771
At 30 June 2023 1,028,633 119,366 11,119 1,159,118

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 1,510 -
Amounts owed by group undertakings 460,428 45,428
Other debtors 50,119 10,529
Prepayments and accrued income 4,260 10,437
516,317 66,394

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 95,809 42,552
Amounts owed to group undertakings 464 464
Social security and other taxes (4,862 ) (2,936 )
Tronc Control Account 7,244 -
Pension Control Account 2,446 -
VAT 57,175 43,754
Other creditors 25,079 53,225
Wages control account 58 -
Accruals and deferred income 26,860 14,025
210,273 151,084