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REGISTERED NUMBER: SC614524 (Scotland)
















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Monterey Jacks Franchising UK Ltd

Monterey Jacks Franchising UK Ltd (Registered number: SC614524)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Monterey Jacks Franchising UK Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: S W Galloway





REGISTERED OFFICE: Cumbernauld House Wilderness Brae
Cumbernauld
Glasgow
United Kingdom
G67 3JG





REGISTERED NUMBER: SC614524 (Scotland)





ACCOUNTANTS: McLay McAlister & McGibbon LLP
Chartered Accountants
145 St Vincent Street
Glasgow
G2 5JF

Monterey Jacks Franchising UK Ltd (Registered number: SC614524)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 30,552 34,702
Tangible assets 5 1,995 606
32,547 35,308

CURRENT ASSETS
Debtors 6 42,849 54,340
Cash at bank 7,093 5,618
49,942 59,958
CREDITORS
Amounts falling due within one year 7 (37,821 ) (75,407 )
NET CURRENT ASSETS/(LIABILITIES) 12,121 (15,449 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,668

19,859

PROVISIONS FOR LIABILITIES (396 ) -
NET ASSETS 44,272 19,859

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 44,172 19,759
44,272 19,859

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

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

Monterey Jacks Franchising UK Ltd (Registered number: SC614524)

Balance Sheet - continued
31 January 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 June 2025 and were signed by:





S W Galloway - Director


Monterey Jacks Franchising UK Ltd (Registered number: SC614524)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Monterey Jacks Franchising UK Ltd is a private company, limited by shares , registered in Scotland. 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

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

Monterey Jacks Franchising UK Ltd (Registered number: SC614524)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 February 2023
and 31 January 2024 39,500
AMORTISATION
At 1 February 2023 4,798
Amortisation for year 4,150
At 31 January 2024 8,948
NET BOOK VALUE
At 31 January 2024 30,552
At 31 January 2023 34,702

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2023 - 1,200 1,200
Additions 750 925 1,675
At 31 January 2024 750 2,125 2,875
DEPRECIATION
At 1 February 2023 - 594 594
Charge for year 25 261 286
At 31 January 2024 25 855 880
NET BOOK VALUE
At 31 January 2024 725 1,270 1,995
At 31 January 2023 - 606 606

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 5,998 46,080
Amounts owed by group undertakings 35,000 -
Other debtors 1,851 8,260
42,849 54,340

Monterey Jacks Franchising UK Ltd (Registered number: SC614524)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 781 14,980
Amounts owed to group undertakings 15,100 15,100
Taxation and social security - 8,387
Other creditors 21,940 36,940
37,821 75,407

8. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Monterey Jacks Holding Limited which is a company registered in Scotland.

The ultimate parent company is Foodcorp Ltd which is a company registered in Scotland.