Renegade Restaurants Ltd. Filleted Accounts Cover
Renegade Restaurants Ltd.
Company No. SC377685
Information for Filing with The Registrar
30 April 2025
Renegade Restaurants Ltd. Directors Report Registrar
The Directors present their report and the accounts for the year ended 30 April 2025.
Principal activities
The principal activity of the company during the year under review was the operation of a restaurant.
Directors
The Directors who served at any time during the year were as follows:
J.K. Soe
T.C. Soe
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
T.C. Soe
Director
25 May 2025
Renegade Restaurants Ltd. Balance Sheet Registrar
at
30 April 2025
Company No.
SC377685
Notes
2025
2024
£
£
Fixed assets
Intangible assets
4
46,33450,334
Tangible assets
5
82,25589,410
128,589139,744
Current assets
Stocks
6
3,2002,350
Debtors
7
15,51912,588
Cash at bank and in hand
3,0725,197
21,79120,135
Creditors: Amount falling due within one year
8
(127,334)
(103,596)
Net current liabilities
(105,543)
(83,461)
Total assets less current liabilities
23,04656,283
Creditors: Amounts falling due after more than one year
9
(32,960)
(44,407)
Provisions for liabilities
Deferred taxation
(10,657)
(11,040)
Net (liabilities)/assets
(20,571)
836
Capital and reserves
Called up share capital
22
Profit and loss account
11
(20,573)
834
Total equity
(20,571)
836
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 April 2025 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 25 May 2025 and signed on its behalf by:
T.C. Soe
Director
25 May 2025
Renegade Restaurants Ltd. Notes to the Accounts Registrar
for the year ended 30 April 2025
1
General information
Renegade Restaurants Ltd. is a private company limited by shares and incorporated in Scotland.
Its registered number is: SC377685
Its registered office is:
4a Forrest Road
Edinburgh
EH1 2QN
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The is the first time adoption of FRS102 Section 1A. The main adjustment made is the inclusion of deferred tax which reduced the comparative profit and loss reserve brought forward.
Going concern
The financial statements have been prepared on a going concern basis as, having reviewed the current position and cash flow projections of the Company, the Directors have a reasonable expectation that the Company has adequate resources to continue in operation existence for the foreseeable future at the time of approving the financial statements. During the year under review, the directors invested in the trading premises and staff during the year, which resulted in the deficit on reserves. The directors expect to reverse the deficit on reserves in the coming year due to the improved economic outlook for the company, and as a result the directors have prepared the accounts on a going concern basis.
2
Accounting policies
Turnover
The Company earns revenue from the sale of food and beverages. Revenue is recognised at the point of sale. This revenue is recognised in the accounting period when control of the product is transferred, at an amount that reflects the consideration to which the Company expects to be entitled in exchange for fulfilling its performance obligations to customers.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
25% straight line
Furniture, fittings and equipment
6.67% straight line
Research and development costs
Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at rate of 33.33% straight line.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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 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. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. 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.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Stocks
Stocks are stated at the lower of cost and net realisable value. Cost is calculated on the basis of first in, first out and net realisable value is the estimated selling price less any costs to sell. Provisions are made against slow moving, obsolete and damaged stock. Damaged and obsolete stocks are identified and written off through the internal stock counting procedures.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term 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.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases. Operating lease payments are recognised as an expense on a straight-line basis over the lease term.
Defined contribution pensions
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 payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2025
2024
Number
Number
The average monthly number of employees (including directors) during the year was:
1312
4
Intangible fixed assets
Other
Total
£
£
Cost
At 1 May 2024
80,00080,000
At 30 April 2025
80,00080,000
Amortisation and impairment
At 1 May 2024
29,66629,666
Charge for the year
4,0004,000
At 30 April 2025
33,66633,666
Net book values
At 30 April 2025
46,33446,334
At 30 April 2024
50,33450,334
5
Tangible fixed assets
Plant and machinery
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 May 2024
189,22067,670256,890
Additions
22,997-22,997
At 30 April 2025
212,21767,670279,887
Depreciation
At 1 May 2024
145,06022,420167,480
Charge for the year
24,5295,62330,152
At 30 April 2025
169,58928,043197,632
Net book values
At 30 April 2025
42,62839,62782,255
At 30 April 2024
44,160
45,250
89,410
6
Stocks
2025
2024
£
£
Raw materials and consumables
3,2002,350
3,2002,350
7
Debtors
2025
2024
£
£
Other debtors
5,5192,227
Prepayments and accrued income
10,00010,361
15,51912,588
8
Creditors:
amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
10,90010,600
Other loans
27,59711,911
Trade creditors
25,08627,318
Taxes and social security
27,450
32,521
Loans from directors
23,39514,344
Other creditors
463410
Accruals and deferred income
12,4436,492
127,334103,596
9
Creditors:
amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
32,96044,407
32,96044,407
10
Share Capital
During the year, the company carried out a subdivision of its share capital from 2 ordinary £1 shares to 2,000 ordinary £0.001 shares. The overall value of the share capital in issue remains at £2.
11
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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