Company registration number 15285579 (England and Wales)
EL&N DELI CG LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
EL&N DELI CG LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
EL&N DELI CG LIMITED
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
Notes
£
£
Fixed assets
Tangible assets
4
354,249
Current assets
Debtors
5
248,908
Cash at bank and in hand
4,491
253,399
Creditors: amounts falling due within one year
6
(631,745)
Net current liabilities
(378,346)
Net liabilities
(24,097)
Capital and reserves
Called up share capital
100
Profit and loss reserves
(24,197)
Total equity
(24,097)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 17 June 2025
Ms Alexandra Courtney Miller
Director
Company registration number 15285579 (England and Wales)
EL&N DELI CG LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information

EL&N Deli CG Limited is a private company limited by shares incorporated in England and Wales. The registered office is Jubilee House, Townsend Lane, Kingsbury, London, England, NW9 8TZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

 

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
Over the lease terms
Plant and equipment
15% reducing balance
Fixtures and fittings
15% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

EL&N DELI CG LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 3 -
1.3
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

EL&N DELI CG LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
Number
Total
-
0
EL&N DELI CG LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 5 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 15 November 2023
-
0
-
0
-
0
Additions
330,239
24,010
354,249
At 30 June 2024
330,239
24,010
354,249
Depreciation and impairment
At 15 November 2023 and 30 June 2024
-
0
-
0
-
0
Carrying amount
At 30 June 2024
330,239
24,010
354,249
5
Debtors
2024
Amounts falling due within one year:
£
Amounts owed by group undertakings
2,182
Other debtors
246,726
248,908
6
Creditors: amounts falling due within one year
2024
£
Trade creditors
143,178
Amounts owed to group undertakings
488,567
631,745
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Mr Muhammad Salar Arain FCCA
Statutory Auditor:
MUS Accountants Limited
Date of audit report:
17 June 2025
EL&N DELI CG LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
8
Related party transactions

The company has taken advantage of the exemption available in FRS 102 (s33 "Related Party Disclosure"), whereby it has not disclose transactions with any wholly owned subsidiary undertaking of the group.

9
Parent company

The company's ultimate parent undertaking is Racine Restaurants Limited, a company registered in England and Wales. The largest and smallest group in which the results of the company are consolidated is that headed by Racine Restaurants Limited. Consolidated group financial statements of Racine Restaurants Limited are available from the company's registered office address 42 Hans Crescent, London, United Kingdom, SW1X 0LZ.

10
Secured debt

The bank loan of the parent company, Racine Restaurants Limited is also secured by fixed and floating charges over all the assets and undertakings of the company.

2024-06-302023-11-15falsefalsefalse17 June 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMs Alexandra Courtney Miller152855792023-11-152024-06-30152855792024-06-3015285579core:LandBuildings2024-06-3015285579core:OtherPropertyPlantEquipment2024-06-3015285579core:CurrentFinancialInstrumentscore:WithinOneYear2024-06-3015285579core:CurrentFinancialInstruments2024-06-3015285579core:ShareCapital2024-06-3015285579core:RetainedEarningsAccumulatedLosses2024-06-3015285579bus:Director12023-11-152024-06-3015285579core:LandBuildingscore:LongLeaseholdAssets2023-11-152024-06-3015285579core:PlantMachinery2023-11-152024-06-3015285579core:FurnitureFittings2023-11-152024-06-3015285579core:LandBuildings2023-11-1415285579core:OtherPropertyPlantEquipment2023-11-14152855792023-11-1415285579core:LandBuildings2023-11-152024-06-3015285579core:OtherPropertyPlantEquipment2023-11-152024-06-3015285579core:WithinOneYear2024-06-3015285579bus:PrivateLimitedCompanyLtd2023-11-152024-06-3015285579bus:FRS1022023-11-152024-06-3015285579bus:Audited2023-11-152024-06-3015285579bus:SmallCompaniesRegimeForAccounts2023-11-152024-06-3015285579bus:FullAccounts2023-11-152024-06-30xbrli:purexbrli:sharesiso4217:GBP