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REGISTERED NUMBER: 08092361 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

OPIUM CHINATOWN LTD

OPIUM CHINATOWN LTD (REGISTERED NUMBER: 08092361)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


OPIUM CHINATOWN LTD (REGISTERED NUMBER: 08092361)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,928 59,866
Investments 5 100 100
47,028 59,966

CURRENT ASSETS
Debtors 6 440,009 408,637
Cash at bank and in hand 1,107 2,636
441,116 411,273
CREDITORS
Amounts falling due within one year 7 60,574 43,055
NET CURRENT ASSETS 380,542 368,218
TOTAL ASSETS LESS CURRENT
LIABILITIES

427,570

428,184

PROVISIONS FOR LIABILITIES 4,632 4,671
NET ASSETS 422,938 423,513

CAPITAL AND RESERVES
Called up share capital 8 947 947
Share premium 9 29,900 29,900
Capital redemption reserve 9 53 53
Retained earnings 9 392,038 392,613
SHAREHOLDERS' FUNDS 422,938 423,513

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

OPIUM CHINATOWN LTD (REGISTERED NUMBER: 08092361)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 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 Board of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by:





C C O'Donovan - Director


OPIUM CHINATOWN LTD (REGISTERED NUMBER: 08092361)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Opium Chinatown Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08092361

Registered office: 368 Forest Road
London
E17 5JF

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.

Preparation of consolidated financial statements
The financial statements contain information about Opium Chinatown Ltd as an individual Company and do not contain consolidated financial information as the parent of a group. The Company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - straight line over the life of the lease
Improvements to property - straight line over the life of the lease
Plant and machinery - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.


OPIUM CHINATOWN LTD (REGISTERED NUMBER: 08092361)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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).

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery Totals
£    £    £    £   
COST
At 1 October 2023
and 30 September 2024 8,253 100,643 121,088 229,984
DEPRECIATION
At 1 October 2023 5,250 64,043 100,825 170,118
Charge for year 750 9,149 3,039 12,938
At 30 September 2024 6,000 73,192 103,864 183,056
NET BOOK VALUE
At 30 September 2024 2,253 27,451 17,224 46,928
At 30 September 2023 3,003 36,600 20,263 59,866

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 October 2023
and 30 September 2024 100
NET BOOK VALUE
At 30 September 2024 100
At 30 September 2023 100

OPIUM CHINATOWN LTD (REGISTERED NUMBER: 08092361)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. FIXED ASSET INVESTMENTS - continued

The Company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Opium Dim Sum Limited
Registered office: 368 Forest Road, London, E17 5JF
Nature of business: restaurant and bar
%
Class of shares: holding
Ordinary 100.00

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 303,477 279,413
Other debtors 136,532 129,224
440,009 408,637

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,362 7,751
Taxation and social security 2,339 3,091
Other creditors 52,873 32,213
60,574 43,055

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
947 Ordinary £1 947 947

9. RESERVES
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 1 October 2023 392,613 29,900 53 422,566
Deficit for the year (575 ) (575 )
At 30 September 2024 392,038 29,900 53 421,991

OPIUM CHINATOWN LTD (REGISTERED NUMBER: 08092361)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


10. RELATED PARTY DISCLOSURES

Included in other debtors is the amount of £136,468 (2023: £125,088) due from the connected companies.
Included in other creditors is the amount of £45,230 (2023: £21,166) due to the connected companies.

The company paid £18,000 (2023: Nil) management charges to connected companies.

Rent receivable from group companies £147,150 (2023: £144,676)
Equipment rent receivable from group companies £24,000 (2023: £24,000)

Group companies:
Opium Dim Sum Ltd

Connected companies :
Exxo Restaurants Limited
Rum And Roll Ltd
Breakfast & Company Leisure Limited
Opium C And D Ltd
The Cove Bermondsey Ltd

There is no overall control of the company by any individual person.