REGISTERED NUMBER: 03210902 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

EXXO RESTAURANTS LIMITED

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

32,650

35,388

CURRENT ASSETS

Debtors

5

274,936

317,764

Cash at bank

6,026

531

280,962

318,295

CREDITORS

Amounts falling due within one year

6

294,784

330,378

NET CURRENT LIABILITIES

(13,822

)

(12,083

)

TOTAL ASSETS LESS CURRENT LIABILITIES

18,828

23,305

PROVISIONS FOR LIABILITIES

7

1,442

1,696

NET ASSETS

17,386

21,609

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

16,386

20,609

SHAREHOLDERS' FUNDS

17,386

21,609

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

E H Y Yu - Director

1.	STATUTORY INFORMATION

Exxo Restaurants Limited 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:

03210902

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.

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

Fixtures and fittings

-

15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Going concern

The company continues with the support of its fellow group subsidiary Halledge Limited and its ultimate parent company The Breakfast Group Limited which will not allow any of its creditors to suffer as a result of the directors' decision to allow the company to continue to trade under the circumstances.

Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Short

to

and

leasehold

property

fittings

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

21,586

21,463

190,285

233,334

DEPRECIATION

At 1 January 2024

5,111

9,333

183,502

197,946

Charge for year

863

858

1,017

2,738

At 31 December 2024

5,974

10,191

184,519

200,684

NET BOOK VALUE

At 31 December 2024

15,612

11,272

5,766

32,650

At 31 December 2023

16,475

12,130

6,783

35,388

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

10,000

10,000

Other debtors

264,936

307,764

274,936

317,764

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

(3,995

)

(281

)

Amounts owed to group undertakings

60,000

60,000

Taxation and social security

38

207

Other creditors

238,741

270,452

294,784

330,378

7.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

1,442

1,696

Deferred

tax

£

Balance at 1 January 2024

1,696

Provided during year

(254

)

Balance at 31 December 2024

1,442

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.	RELATED PARTY DISCLOSURES

Included in debtors is the amount of £10,000 (2023: £10,000) due from group companies.

Included in creditors is the amount of £60,000 (2023: £60,000) to the group companies.

Included in other debtors is the amount of £264,413 (2023: £304,262) due from connected companies.

Included in other creditors is the amount of £165,127 (2023: £189,540) due to connected companies.

Group companies:

Halledge Limited

The Breakfast Group Limited

Connected companies:

Opium Dim Sum Ltd

Opium Chinatown Ltd

Opium C and D Ltd

The Cove Bermondsey Ltd

Maison City Ltd

The controlling party is The Breakfast Group Limited.

Mr EH Yu and Mr C O'Donovan, directors, equally own the entire issued share capital of the parent company.

10.	CONNECTED COMPANIES

A company having the same or predominantly the same shareholders and/or Board of Directors but which is neither a parent, subsidiary, fellow subsidiary or associated company. Any trading activities between such companies have been at arms length.