Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-312024-04-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03464950 2024-04-01 2025-03-31 03464950 2022-12-01 2024-03-31 03464950 2025-03-31 03464950 2024-03-31 03464950 c:Director2 2024-04-01 2025-03-31 03464950 d:FreeholdInvestmentProperty 2025-03-31 03464950 d:FreeholdInvestmentProperty 2024-03-31 03464950 d:CurrentFinancialInstruments 2025-03-31 03464950 d:CurrentFinancialInstruments 2024-03-31 03464950 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 03464950 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03464950 d:ShareCapital 2025-03-31 03464950 d:ShareCapital 2024-03-31 03464950 d:InvestmentPropertiesRevaluationReserve 2025-03-31 03464950 d:InvestmentPropertiesRevaluationReserve 2024-03-31 03464950 d:RetainedEarningsAccumulatedLosses 2025-03-31 03464950 d:RetainedEarningsAccumulatedLosses 2024-03-31 03464950 c:OrdinaryShareClass1 2024-04-01 2025-03-31 03464950 c:OrdinaryShareClass1 2025-03-31 03464950 c:OrdinaryShareClass1 2024-03-31 03464950 c:FRS102 2024-04-01 2025-03-31 03464950 c:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 03464950 c:FullAccounts 2024-04-01 2025-03-31 03464950 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03464950 2 2024-04-01 2025-03-31 03464950 e:PoundSterling 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03464950









BROTHERS RESTAURANT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
BROTHERS RESTAURANT LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BROTHERS RESTAURANT LIMITED
FOR THE YEAR ENDED 31 MARCH 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BROTHERS RESTAURANT LIMITED for the year ended 31 March 2025 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

It is your duty to ensure that BROTHERS RESTAURANT LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of BROTHERS RESTAURANT LIMITED. You consider that BROTHERS RESTAURANT LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of BROTHERS RESTAURANT LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Hurkan Sayman & Co
Chartered Accountants
291 Green Lanes
London
N13 4XS
25 June 2025
Page 1

 
BROTHERS RESTAURANT LIMITED
REGISTERED NUMBER: 03464950

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Investment property
 4 
1,200,000
1,200,000

  
1,200,000
1,200,000

Current assets
  

Cash at bank and in hand
 5 
167,957
161,637

  
167,957
161,637

Creditors: amounts falling due within one year
 6 
(22,028)
(22,436)

Net current assets
  
 
 
145,929
 
 
139,201

Total assets less current liabilities
  
1,345,929
1,339,201

Provisions for liabilities
  

Deferred tax
  
(66,407)
(66,407)

  
 
 
(66,407)
 
 
(66,407)

Net assets
  
1,279,522
1,272,794


Capital and reserves
  

Called up share capital 
 7 
2
2

Investment property reserve
  
283,105
283,105

Profit and loss account
  
996,415
989,687

  
1,279,522
1,272,794


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.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 
Page 2

 
BROTHERS RESTAURANT LIMITED
REGISTERED NUMBER: 03464950
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025





Sabit Yilmaz
Director

Date: 25 June 2025

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
BROTHERS RESTAURANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Brothers Restaurant Limited is a private company limited by share capital, incorporated in England and Wales, registration number 03464950. The address of the registered office is 291 Green Lanes, Palmers Green, London, N13 4XS.

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

Rental income:
Turnover comprises of rent received by the company during the year.
Turnover is recognised in the period the rent relates to.

 
2.3

Interest income

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

 
2.4

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 4

 
BROTHERS RESTAURANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

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

Investment property

Investment property is carried at fair value determined annually by the Directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

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.

 
2.8

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

 
BROTHERS RESTAURANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.9

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.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).


4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2024
1,200,000



At 31 March 2025
1,200,000

The 2024 valuations were made by the Directors, on a fair value basis. 

2025
2024
£
£

Revaluation reserves


At 1 April 2024
283,105
283,105

At 31 March 2025
283,105
283,105




Page 6

 
BROTHERS RESTAURANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
167,957
161,637

167,957
161,637



6.


Creditors: Amounts falling due within one year

2025
2024
£
£

Corporation tax
19,153
21,231

Other creditors
1,675
425

Accruals and deferred income
1,200
780

22,028
22,436



7.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



2 (2024 - 2) Ordinary shares of £1.00 each
2
2



8.


Related party transactions

Included within other creditors at the year end is an amount of £1,625 (2024: £425) owed to the Director by the company. During the year company made payments to and on behalf of the director of £Nil. The Director made payments on behalf of the company of £1,200. No interest is charged on the loan and it is repayable on demand.

 
Page 7