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Registered number: 11463713









KENSINGTON REBIRTH LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
KENSINGTON REBIRTH LIMITED
REGISTERED NUMBER: 11463713

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
258,863
365,418

  
258,863
365,418

Current assets
  

Stocks
  
6,568
4,515

Debtors
 5 
139,960
116,548

Cash at bank and in hand
  
33,499
61,691

  
180,027
182,754

Creditors: amounts falling due within one year
 6 
(126,361)
(143,454)

Net current assets
  
 
 
53,666
 
 
39,300

Total assets less current liabilities
  
312,529
404,718

Creditors: amounts falling due after more than one year
 7 
(2,727,027)
(2,559,602)

  

Net liabilities
  
(2,414,498)
(2,154,884)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
 8 
(2,414,499)
(2,154,885)

  
(2,414,498)
(2,154,884)


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 profit and loss account 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 by: 

E De Saint Louvent
Director

Date: 30 April 2025

The notes on pages 2 to 8 form part of these financial statements.

Page 1

 
KENSINGTON REBIRTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Kensington Rebirth Limited is a private company limited by shares and is incorporated in England & Wales under the Companies Act 2006. The address of the registered office is Solutions 4 Caterers Ltd, Westmead House, Westmead, Farnborough, Hampshire, GU14 7LP. The nature of the Company's operations and its principal activities are that of operating a restaurant.

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 company incurred a net loss of £259,614 during the year ended 30 September 2024 and, as of
that date, the company's liabilities exceeded its total assets by £2,414,498. The financial statements have been prepared on the going concern basis, which the directors believe to be appropriate for the following reasons.
The Company’s working capital needs are currently supported by its parent company Big Groupe
SAS, a company incorporated in France. The Company can draw on its existing intra-group loan
facility to maintain working capital. If this is insufficient to maintain working capital, the Company has
received non-binding undertakings from Big Groupe SAS, for at least 12 months from the date of
approval of these financial statements, that they will continue to make available such funds as are
needed by the Company and in particular will not seek repayment of the amounts currently made
available.
This should enable the Company to continue to trade for the foreseeable future by meeting its
lliabilities as and when they become due. As with any Company placing reliance on other group
entities for financial support, the directors acknowledge that there can be no certainty that this
support will continue, although at the date of approval of these financial statements, they have no
reason to believe that it will not do so.
Page 2

 
KENSINGTON REBIRTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.3

Foreign currency translation

The Company's functional and presentational currency is GBP.
Foreign currency transactions are translated at the rates ruling when they occurred. Foreign currency monetary assets and liabilities are translated at the rates ruling at the balance sheet dates. Any differences are taken to the profit and loss account within administrative expenses.

 
2.4

Revenue

Revenue 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 is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

Operating leases: the Company as lessee

The company has no assets which are financed by leasing agreements that give rights approximating to ownership ('finance leases'). As such, all leases are treated as operating leases. Their annual rentals are charged to the profit and loss account on a straight-line basis over the term of the lease. The benefits of lease incentives received on entering into new leases are spread over the lease term.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
KENSINGTON REBIRTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.8

Pensions

Defined contribution pension plan

The Company operates 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 profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

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 balance sheet date in the countries where the Company operates and generates income.

 
2.10

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, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold improvements
-
Spread over the length of lease 10 years
Long-term leasehold property
-
Spread over the length of lease 10 years
Plant and machinery
-
20%
Fixtures and fittings
-
20%
Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
KENSINGTON REBIRTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

  
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like  trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in  non-puttable ordinary shares.
 
Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is recognised at the present value of the future receipts discounted at a market rate of interest.
 
Basic financial liabilities, including trade and other payables, are initially recognised at transaction price, unless the arrangement constitutes a financing transactions where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost using the effective interest rate method.

 
2.12

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.13

Debtors

Debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.15

Creditors

Creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 17 (2023 - 15).

Page 5

 
KENSINGTON REBIRTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Leasehold improvements
Long-term leasehold property
Plant and machinery
Fixtures and fittings
Total

£
£
£
£
£



Cost


At 1 October 2023
405,228
251,890
153,026
50,846
860,990


Additions
-
-
478
12,458
12,936



At 30 September 2024

405,228
251,890
153,504
63,304
873,926



Depreciation


At 1 October 2023
203,342
133,842
121,523
36,865
495,572


Charge for the year on owned assets
51,048
29,797
26,060
12,586
119,491



At 30 September 2024

254,390
163,639
147,583
49,451
615,063



Net book value



At 30 September 2024
150,838
88,251
5,921
13,853
258,863

Page 6

 
KENSINGTON REBIRTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
82,000
82,000

82,000
82,000

Due within one year

Trade debtors
2,088
2,940

Other debtors
382
601

Prepayments and accrued income
55,490
31,007

139,960
116,548



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
75,552
69,752

Other taxation and social security
22,213
21,164

Other creditors
9,631
6,672

Accruals and deferred income
18,965
45,866

126,361
143,454



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Amounts owed to group undertakings
2,727,027
2,559,602

2,727,027
2,559,602


Included in creditors is an unsecured loan from the Company's parent Big Groupe SAS of £2,786,240 (2023: £2,559,602). There was an original loan for a total facility of €900,000 and a duration of 10 years commencing in March 2019. During the 2023 financial year, the loan facility and limit were increased to €3.4m with the same duration as the original loan. Interest was charged on the loan amounts at 3% and they are repayable in more than 1 year.

Page 7

 
KENSINGTON REBIRTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Reserves

Called-up share capital – represents the nominal value of shares that have been issued.
Profit and loss account – includes all current and prior period retained profits and losses.


9.


Commitments under operating leases

At 30 September 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
85,000
85,000

Later than 1 year and not later than 5 years
170,000
255,000

255,000
340,000


10.


Controlling party

The Company is a wholly owned subsidiary of Big Groupe SAS. The parent company prepares consolidated financial statements and is incorporated in France. Its registered office address is 118 Rue de Rivoli, 75001 Paris, France. Copies of the financial statements are available to the public and can be obtained from The European Business Registry Association. The Directors consider the ultimate controlling parties are those charged with governance with managing the investments of BlueGem II LP, being the members of BlueGem Capital Partners LLP.


11.


Auditors' information

The auditors' report on the financial statements for the year ended 30 September 2024 was unqualified.

The audit report was signed on 30 April 2025 by Mark Bathgate (Senior Statutory Auditor) on behalf of Constantin.

Page 8