CK TECHNOLOGY HOLDINGS II LIMITED

Company Registration Number:
14144507 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

CK TECHNOLOGY HOLDINGS II LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

CK TECHNOLOGY HOLDINGS II LIMITED

Directors' report period ended 31 May 2024

The directors present their report with the financial statements of the company for the period ended 31 May 2024

Principal activities of the company

The principal activity of the Company during the financial year was to act as a holding company, supporting the Group’s international structure. The Company is ultimately controlled by City Storage Systems LLC, the Group’s primary holding entity. The Group’s core operations were carried out through its OpCo structure, which includes (i) shared SG&A services that support the property operations (PropCo), (ii) Otter, a technology business that provides software solutions to help restaurants manage delivery channels, optimize order flows, and issue fiscal receipts, and (iii) Future Foods, a virtual restaurant platform responsible for developing brands and menus. These activities spanned 82 legal entities across 35 countries as of 31 May 2024

Political and charitable donations

There were no political donations made during the year (2023: £nil).

Company policy on disabled employees

Given the nature of the Company as a non-trading holding entity with no employees or third-party stakeholders, the directors’ decisions focused on governance and group alignment



Directors

The directors shown below have held office during the whole of the period from
1 June 2023 to 31 May 2024

Qazim Sumar
 Rodrigo Sampaio

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
22 September 2025

And signed on behalf of the board by:
Name: Qazim Sumar
Status: Director

CK TECHNOLOGY HOLDINGS II LIMITED

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£
£
Turnover: 117,042 61,932
Cost of sales: ( 2,281 ) ( 27,900 )
Gross profit(or loss): 114,761 34,032
Distribution costs: ( 4,156 ) ( 3,048 )
Administrative expenses: ( 137,460 ) ( 163,512 )
Operating profit(or loss): (26,855) (132,528)
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (26,855) (132,528)
Tax: ( 426 ) ( 948 )
Profit(or loss) for the financial year: (27,281) (133,476)

CK TECHNOLOGY HOLDINGS II LIMITED

Balance sheet

As at 31 May 2024

Notes 2024 2023


£
£
Called up share capital not paid: 100 100
Fixed assets
Intangible assets: 3 12,211 5,761
Tangible assets: 4 46,559 21,154
Investments: 5 35,980 1,729
Total fixed assets: 94,750 28,644
Current assets
Stocks: 6 620 170
Debtors: 7 15,699 31,341
Cash at bank and in hand: 20,737 29,933
Total current assets: 37,056 61,444
Creditors: amounts falling due within one year: 8 ( 27,745 ) ( 35,689 )
Net current assets (liabilities): 9,311 25,755
Total assets less current liabilities: 104,161 54,499
Creditors: amounts falling due after more than one year: 9 ( 18,579 ) ( 17,933 )
Total net assets (liabilities): 85,582 36,566
Capital and reserves
Called up share capital: 100 100
Other reserves: 269,001 205,076
Profit and loss account: (183,519 ) (168,610 )
Total Shareholders' funds: 85,582 36,566

The notes form part of these financial statements

CK TECHNOLOGY HOLDINGS II LIMITED

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

This report was approved by the board of directors on 22 September 2025
and signed on behalf of the board by:

Name: Qazim Sumar
Status: Director

The notes form part of these financial statements

CK TECHNOLOGY HOLDINGS II LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Any deferred or retained revenue is recognised in line with the completion of performance obligations. Revenue retention is assessed at each reporting date to ensure proper recognition.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost, net of accumulated depreciation and any impairment losses. Cost includes the original purchase price of the asset, along with any directly attributable costs necessary to bring the asset into its intended use, such as construction costs, refurbishment expenses, and professional fees.

    Intangible fixed assets amortisation policy

    Intangible assets are initially recognised at cost and are amortised over their estimated useful economic lives where these lives are finite. Where the useful life cannot be reliably estimated, the intangible asset is not amortised but tested annually for impairment . Goodwill arises on the acquisition of subsidiaries and represents the excess of the purchase consideration over the fair value of the identifiable net assets acquired Goodwill is amortised on a straight-line basis over its estimated useful economic life of ten years. Management reviews annually whether there are any indicators of impairment. Amortisation and impairment charges are recognised in the profit and loss account.

    Other accounting policies

    Basis of preparation The financial statements have been prepared in accordance with FRS 102 the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland. The financial statements have been prepared under the historical cost convention. The financial statements consolidate the results of CK Technology Holdings II Limited and the group of companies it controls, as required under FRS 102, Section 9: Consolidated and Separate Financial Statements. Intra-group transactions, balances, and unrealized gains or losses on transactions between group entities are eliminated in full on consolidation. The consolidated financial statements are prepared in sterling, which is the functional and presentational currency of the Group. Amounts are rounded to the nearest pound unless otherwise stated.

CK TECHNOLOGY HOLDINGS II LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1,401 2,308

    In the UK there are less than 150 employees. The number mentioned above include all subsidiaries

CK TECHNOLOGY HOLDINGS II LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 June 2023 0 6,657 6,657
Additions 6,367 4,354 10,721
Disposals
Revaluations
Transfers
At 31 May 2024 6,367 11,011 17,378
Amortisation
At 1 June 2023 0 896 896
Charge for year 1,804 2,467 4,271
On disposals
Other adjustments
At 31 May 2024 1,804 3,363 5,167
Net book value
At 31 May 2024 4,563 7,648 12,211
At 31 May 2023 0 5,761 5,761

CK TECHNOLOGY HOLDINGS II LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 6,550 21,696 5,616 33,862
Additions 34,559 34,559
Disposals ( 244 ) ( 1,455 ) ( 1,699 )
Revaluations
Transfers
At 31 May 2024 41,109 21,452 4,161 66,722
Depreciation
At 1 June 2023 205 12,278 225 12,708
Charge for year 6,919 544 7,463
On disposals ( 8 ) ( 8 )
Other adjustments
At 31 May 2024 197 19,197 769 20,163
Net book value
At 31 May 2024 40,912 2,255 3,392 46,559
At 31 May 2023 6,345 9,418 5,391 21,154

CK TECHNOLOGY HOLDINGS II LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Fixed assets investments note

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss. A subsidiary is an entity controlled by the Company. Control is the power to govern the financial and operating policies of the entity to obtain benefits from its activities.

CK TECHNOLOGY HOLDINGS II LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Stocks

2024 2023
£ £
Stocks 620 170
Total 620 170

CK TECHNOLOGY HOLDINGS II LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

7. Debtors

2024 2023
£ £
Trade debtors 1,590 8,082
Prepayments and accrued income 2,313 5,327
Other debtors 11,796 17,932
Total 15,699 31,341

CK TECHNOLOGY HOLDINGS II LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

8. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 4,534 15,317
Taxation and social security 6,992 4,904
Accruals and deferred income 13,769 12,097
Other creditors 2,450 3,371
Total 27,745 35,689

CK TECHNOLOGY HOLDINGS II LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

9. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Amounts due under finance leases and hire purchase contracts 18,579 17,933
Total 18,579 17,933

CK TECHNOLOGY HOLDINGS II LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

10. Financial Commitments

Leasing commitments Rentals paid under operating leases are charged to the profit or loss on a straight-line basis over the period of the lease.