Registration number: 09255604

Rocket Restaurants Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Rocket Restaurants Limited

Company Information

Director

A J Sharma

Registered office

McDonald's Restaurant Ironbridge Uxbridge Road Southall UB1 3EG

Accountants

Munslows Accountants Ltd Chartered Certified Accountants32 High Street Wall Heath Kingswinford West Midlands DY6 0HB

Rocket Restaurants Limited

(Registration number: 09255604)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	1,438,886	235,878
Tangible assets	5	1,030,798	782,114
Other financial assets	6	3,750	1,250
		2,473,434	1,019,242
Current assets
Stocks	7	69,837	29,139
Debtors	8	42,203	12,361
Cash at bank and in hand		363,672	540,483
		475,712	581,983
Creditors: Amounts falling due within one year	9	(1,188,022)	(716,904)
Net current liabilities		(712,310)	(134,921)
Total assets less current liabilities		1,761,124	884,321
Creditors: Amounts falling due after more than one year	9	(1,377,222)	(581,714)
Provisions for liabilities		(99,341)	(44,546)
Net assets		284,561	258,061
Capital and reserves
Called up share capital	10	1	1
Retained earnings		284,560	258,060
Shareholders' funds		284,561	258,061

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

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Rocket Restaurants Limited

(Registration number: 09255604)
Balance Sheet as at 31 December 2024

Approved and authorised by the director on 25 September 2025
 

......................................... A J Sharma Director

Rocket Restaurants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
McDonald's Restaurant Ironbridge
Uxbridge Road
Southall
UB1 3EG

These financial statements were authorised for issue by the director on 25 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Rocket Restaurants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Restaurant plant and equipment	between 3 and 10 years straight line
Office equipment	between 3 and 10 years straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	20 years straight line
Licence fee	20 years straight line
Stamp duty land tax	straight line over the life of the lease

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Rocket Restaurants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Rocket Restaurants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 142 (2023 - 91).

4	Intangible assets

	Goodwill  £	Licence fees  £	Stamp duty  £	Total £
Cost or valuation
At 1 January 2024	210,456	30,000	15,701	256,157
Additions acquired separately	1,197,783	60,000	10,894	1,268,677
At 31 December 2024	1,408,239	90,000	26,595	1,524,834
Amortisation
At 1 January 2024	16,661	2,375	1,243	20,279
Amortisation charge	60,430	4,000	1,239	65,669
At 31 December 2024	77,091	6,375	2,482	85,948
Carrying amount
At 31 December 2024	1,331,148	83,625	24,113	1,438,886
At 31 December 2023	193,795	27,625	14,458	235,878

Rocket Restaurants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5	Tangible assets

	Plant and equipment  £	Total £
Cost or valuation
At 1 January 2024	1,008,429	1,008,429
Additions	445,552	445,552
At 31 December 2024	1,453,981	1,453,981
Depreciation
At 1 January 2024	226,315	226,315
Charge for the year	196,868	196,868
At 31 December 2024	423,183	423,183
Carrying amount
At 31 December 2024	1,030,798	1,030,798
At 31 December 2023	782,114	782,114

6	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 January 2024	1,250	1,250
Additions	2,500	2,500
At 31 December 2024	3,750	3,750
Impairment
Carrying amount
At 31 December 2024	3,750	3,750

7

Stocks

	2024 £	2023 £
Stocks of food, paper and non-products	69,837	29,139

Rocket Restaurants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

8

Debtors

Current	2024 £	2023 £
Trade debtors	2,208	-
Prepayments	39,995	12,361
	42,203	12,361

9

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	11	312,600	143,107
Trade creditors		263,855	148,520
Taxation and social security		322,034	182,812
Accruals and deferred income		66,277	29,439
Other creditors		223,256	213,026
		1,188,022	716,904

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	11	1,377,222	581,714

10	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £0.01 each	100	1	100	1

Rocket Restaurants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

11	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	1,377,222	581,714

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	312,600	143,107