Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-302025-05-23false2023-07-01No description of principal activity5128falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10625713 2023-07-01 2024-06-30 10625713 2022-07-01 2023-06-30 10625713 2024-06-30 10625713 2023-06-30 10625713 c:Director3 2023-07-01 2024-06-30 10625713 d:Buildings d:ShortLeaseholdAssets 2023-07-01 2024-06-30 10625713 d:Buildings d:ShortLeaseholdAssets 2024-06-30 10625713 d:Buildings d:ShortLeaseholdAssets 2023-06-30 10625713 d:FurnitureFittings 2023-07-01 2024-06-30 10625713 d:FurnitureFittings 2024-06-30 10625713 d:FurnitureFittings 2023-06-30 10625713 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10625713 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10625713 d:CopyrightsPatentsTrademarksServiceOperatingRights 2024-06-30 10625713 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-06-30 10625713 d:OtherResidualIntangibleAssets 2023-07-01 2024-06-30 10625713 d:CurrentFinancialInstruments 2024-06-30 10625713 d:CurrentFinancialInstruments 2023-06-30 10625713 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 10625713 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 10625713 d:ShareCapital 2024-06-30 10625713 d:ShareCapital 2023-06-30 10625713 d:RetainedEarningsAccumulatedLosses 2024-06-30 10625713 d:RetainedEarningsAccumulatedLosses 2023-06-30 10625713 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 10625713 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 10625713 d:TaxLossesCarry-forwardsDeferredTax 2024-06-30 10625713 d:TaxLossesCarry-forwardsDeferredTax 2023-06-30 10625713 c:OrdinaryShareClass1 2023-07-01 2024-06-30 10625713 c:OrdinaryShareClass1 2024-06-30 10625713 c:OrdinaryShareClass1 2023-06-30 10625713 c:FRS102 2023-07-01 2024-06-30 10625713 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10625713 c:FullAccounts 2023-07-01 2024-06-30 10625713 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10625713 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2023-07-01 2024-06-30 10625713 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10625713









SBR HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
SBR HOLDINGS LIMITED
REGISTERED NUMBER: 10625713

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
85,559
95,478

Tangible assets
 5 
2,340,297
1,143,429

  
2,425,856
1,238,907

Current assets
  

Stocks
  
33,714
19,956

Debtors: amounts falling due within one year
 6 
169,720
56,939

Cash at bank and in hand
 7 
107,884
105,500

  
311,318
182,395

Creditors: amounts falling due within one year
 8 
(2,296,486)
(1,401,406)

Net current liabilities
  
 
 
(1,985,168)
 
 
(1,219,011)

Total assets less current liabilities
  
440,688
19,896

Provisions for liabilities
  

Deferred tax
  
(102,655)
-

  
 
 
(102,655)
 
 
-

Net assets
  
338,033
19,896


Capital and reserves
  

Called up share capital 
 10 
1
1

Profit and loss account
  
338,032
19,895

  
338,033
19,896


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question 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 financial statements.

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 statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
Page 1

 
SBR HOLDINGS LIMITED
REGISTERED NUMBER: 10625713
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 May 2025.


Skandar Zaman
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
SBR HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

SBR Holdings Limited is a private company limited by share capital, incorporated in England and Wales, registration number 10625713. The address of the registered office is 1e Finsbury Park Road, London
N4 2LA.
The principal activity of the company is that of operating as a KFC franchisee.

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

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:

The sale of food and beverages is recognised at the point of sale.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

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.

Page 3

 
SBR HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Franchise fees
-
10
years

 
2.7

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.

Page 4

 
SBR HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance methods.

Depreciation is provided on the following basis:

Short-term leasehold property
-
Over the term of the lease 10-20 years
Fixtures and fittings
-
20% reducing balance basis

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.

 
2.8

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.

 
2.9

Debtors

Short-term 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.

 
2.10

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

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.

Page 5

 
SBR HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 51 (2023 - 28).


4.


Intangible assets




Franchise fees

£



Cost


At 1 July 2023
99,186



At 30 June 2024

99,186



Amortisation


At 1 July 2023
3,708


Charge for the year on owned assets
9,919



At 30 June 2024

13,627



Net book value



At 30 June 2024
85,559



At 30 June 2023
95,478



Page 6

 
SBR HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Short-term leasehold property improvements
Fixtures, fittings and equipment
Total

£
£
£



Cost


At 1 July 2023
151,011
1,071,112
1,222,123


Additions
273,199
1,317,868
1,591,067



At 30 June 2024

424,210
2,388,980
2,813,190



Depreciation


At 1 July 2023
2,529
76,164
78,693


Charge for the year on owned assets
20,635
373,565
394,200



At 30 June 2024

23,164
449,729
472,893



Net book value



At 30 June 2024
401,046
1,939,251
2,340,297



At 30 June 2023
148,482
994,947
1,143,429


6.


Debtors

2024
2023
£
£


Trade debtors
47,847
5,970

Other debtors
54,744
10,448

Prepayments and accrued income
67,129
40,521

169,720
56,939


Page 7

 
SBR HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
107,884
105,500

107,884
105,500



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
598,500
538,474

Other taxation and social security
253,549
6,922

Other creditors
1,294,467
816,392

Accruals and deferred income
149,970
39,618

2,296,486
1,401,406



9.


Deferred taxation




2024


£






Charged to profit or loss
(102,655)



At end of year
(102,655)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(356,784)
-

Tax losses carried forward
254,129
-

(102,655)
-


10.


Share capital

2024
2023
£
£
Page 8

 
SBR HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.Share capital (continued)

Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £0.001 each
1.000
1.000



11.


Related party transactions

The company entered into the following transactions with related parties, being companies with common shareholders and directors:
Loans: At the year-end, other creditors included unsecured, interest-free loans repayable on demand amounting to £1,255,498 (2023: £815,178) owed to related parties.
Rent: During the year, the company incurred rent expenses of £25,902 (2023: £nil) charged by a related party. At the year-end, £25,000 (2023: £nil) was outstanding and included within trade creditors.
Recharged Wages: The company was recharged wage costs of £81,087 (2023: £nil) by a related party. At the year-end, £nil (2023: £nil) was outstanding and included within trade creditors.

 
Page 9