Chase Restaurants Ltd
Registered number: 05319384
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 644,493 607,998
Current assets
Stocks 166,064 155,651
Debtors 4 57,451 82,348
Cash at bank and in hand 753,208 867,521
976,723 1,105,520
Creditors: amounts falling due within one year 5 (518,965) (573,226)
Net current assets 457,758 532,294
Total assets less current liabilities 1,102,251 1,140,292
Provisions for liabilities (30,700) (20,700)
Net assets 1,071,551 1,119,592
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,071,451 1,119,492
Shareholder's funds 1,071,551 1,119,592
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Segal
Director
Approved by the board on 23 September 2025
Chase Restaurants Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of value added tax, from the sale of goods and services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and market value.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the accounts and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 56 55
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 504,936 1,121,804 49,309 1,676,049
Additions - 93,908 - 93,908
Disposals - (11,312) (20,400) (31,712)
At 31 December 2024 504,936 1,204,400 28,909 1,738,245
Depreciation
At 1 January 2024 - 1,018,742 49,309 1,068,051
Charge for the year - 57,413 - 57,413
On disposals - (11,312) (20,400) (31,712)
At 31 December 2024 - 1,064,843 28,909 1,093,752
Net book value
At 31 December 2024 504,936 139,557 - 644,493
At 31 December 2023 504,936 103,062 - 607,998
4 Debtors 2024 2023
£ £
Trade debtors 275 670
Other debtors 57,176 81,678
57,451 82,348
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 137,574 95,048
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 7,197
Corporation tax 50,639 94,702
Other taxes and social security costs 171,231 167,844
Other creditors 159,521 208,435
518,965 573,226
6 Controlling party
The company is a subsidiary of Passage Properties Ltd, which registered office and principal place of business is:
106 Islington High Street
London
N1 8EG
7 Other information
Chase Restaurants Ltd is a private company limited by shares and incorporated in England. Its registered office is:
106 Islington High Street
London
N1 8EG
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