Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.Restaurant industrytrue2023-11-16false1falsefalse 15289334 2023-11-15 15289334 2023-11-16 2024-06-30 15289334 2022-07-01 2023-11-15 15289334 2024-06-30 15289334 c:Director1 2023-11-16 2024-06-30 15289334 d:ComputerEquipment 2023-11-16 2024-06-30 15289334 d:ComputerEquipment 2024-06-30 15289334 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-11-16 2024-06-30 15289334 d:CurrentFinancialInstruments 2024-06-30 15289334 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 15289334 d:ShareCapital 2024-06-30 15289334 d:RetainedEarningsAccumulatedLosses 2024-06-30 15289334 c:OrdinaryShareClass1 2023-11-16 2024-06-30 15289334 c:OrdinaryShareClass1 2024-06-30 15289334 c:FRS102 2023-11-16 2024-06-30 15289334 c:AuditExempt-NoAccountantsReport 2023-11-16 2024-06-30 15289334 c:FullAccounts 2023-11-16 2024-06-30 15289334 c:PrivateLimitedCompanyLtd 2023-11-16 2024-06-30 15289334 e:PoundSterling 2023-11-16 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 15289334














SITS RESTAURANT TRADING LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

 
SITS RESTAURANT TRADING LTD
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 5

 
SITS RESTAURANT TRADING LTD
REGISTERED NUMBER:15289334

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
1,298

 
Current assets
  

Debtors: amounts falling due within one year
 5 
332,964

 
Current liabilities
  

Creditors: amounts falling due within one year
 6 
(370,934)

Net current liabilities
  
 
 
(37,970)

Net liabilities
  
(36,672)


Capital and reserves
  

Called up share capital 
 7 
1

Profit and loss account
  
(36,673)

  
(36,672)


The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 on 23 June 2025.




J R B King
Director

The notes on pages 2 to 5 form part of these financial statements.
Page 1

 
SITS RESTAURANT TRADING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

1.


General information

SITS Restaurant Trading Ltd is a private limited liability company registered in England and Wales, with its registered office at 2nd Floor Connaught House, 1-3 Mount Street, London W1K 3NB.
The Company was incorporated on 16 November 2023 and commenced activities on the same date.
The principal activity of the Company is the operation and management of a restaurant.
The Company's functional and presentational currency is £ Sterling.

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

Going concern

The financial statements of the Company have been prepared on a going concern basis, the validity of which is dependant on the continued support of the parent company. The director has prepared cashflow forecasts for the Company for a period of twelve months from the date of his approval of these financial statements which indicate that, taking into account market conditions as well as sensitivity analysis together with the ongoing financial support of the parent company, the Company will have sufficient funds to meet its liabilities as they fall due for that period. Accordingly, he continues to adopt the going concern basis in preparing the financial statements.

 
2.3

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Computer equipment
-
3 years

 
2.4

Debtors

Short-term debtors are measured at the transaction price, less any impairment. 

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

Page 2

 
SITS RESTAURANT TRADING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Creditors

Short-term creditors are measured at the transaction price.

 
2.7

Taxation

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 reporting date in the countries where the Company operates and generates income.



3.


Employees

The director was the only employee of the Company during the period.





4.


Tangible fixed assets





Computer equipment

£



Cost


Additions
1,669



At 30 June 2024

1,669



Depreciation


Charge for the period on owned assets
371



At 30 June 2024

371



Net book value



At 30 June 2024
1,298

Page 3

 
SITS RESTAURANT TRADING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

5.


Debtors

2024
£

Other debtors
60,927

Prepayments and accrued income
272,037

332,964



6.


Creditors: Amounts falling due within one year

2024
£

Bank overdrafts
40

Trade creditors
77,763

Amounts owed to group undertakings
245,126

Other creditors
46,370

Accruals and deferred income
1,635

370,934



7.


Share capital

2024
£
Allotted, called up and fully paid


1,000 Ordinary shares of £0.001 each
1


On incorporation, 1 Ordinary share of £1 was allotted and fully paid at par to provide initial capital.
On 8 March 2024, the existing 1 Ordinary share of £1 was sub-divided into 1,000 shares of £0.001 each.


8.


Related party transactions

The Company has taken advantage of the exemption under FRS102 33.1A Related Party Disclosures not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.

Page 4

 
SITS RESTAURANT TRADING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

9.


Controlling party

The Company was a wholly owned subsidiary of Jeremy King Restaurants Limited, a company registered in England and Wales, which the director regards as the ultimate parent company.
With effect from 10 March 2025, the Company became a wholly owned subsidiary of SITS Holdings Ltd, a company registered in England and Wales, which the director regards as the ultimate parent company.
 
Page 5