Christopher's American Grill Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02526903 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Christopher's American Grill Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Graham Austin

Michael Gottlieb

SECRETARY:

Graham Austin

REGISTERED OFFICE:

35 Walton Street

London

SW3 2HU

REGISTERED NUMBER:

02526903 (England and Wales)

ACCOUNTANTS:

Ramon Lee Ltd

93 Tabernacle Street

London

EC2A 4BA

Fixed assets

Tangible assets

4

-

Investment in subsidiaries

5

477,195

899,148

477,195

899,148

Current assets

Debtors

6

628,762

562,129

Cash in hand

188

88

628,950

562,217

Creditors

Amounts falling due within one year

7

(1,180,273

)

(1,078,647

)

Net current liabilities

(551,323

)

(516,430

)

Total assets less current liabilities

(74,128

)

382,718

Creditors

Amounts falling due after more than one year

8

(1,252,879

)

(1,252,879

)

Net liabilities

(1,327,007

)

(870,161

)

Capital and reserves

Called up share capital

1,110,310

Share premium

3,675,339

Retained earnings

(6,112,656

)

(5,655,810

)

(1,327,007

)

(870,161

)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Graham Austin - Director

1.	GENERAL INFORMATION

Christopher's American Grill Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02526903. The registered office is 35 Walton Street, London, SW3 2HU.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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.

RELATED PARTY TRANSACTIONS

Summary of transactions with other related parties

At 31 December 2024 loan capital of £775,684 (2023. £775,684) was owed to Tourtoulen Limited, a company which has an interest in Christopher's American Grill Limited. An interest charge of £ 78,206 (2023: £76,166 ) has been applied to these loans during the year under review.The Accumulated interest for 2024 will be £ 846,356.00.

During the year, management charges totalling £45,000 (2023. £45,000) were raised by the company to its subsidiary, Sparkjumbo Limited. As at the year end the company was owed £628,762 (2023: £562,129) by its subsidiary.

Loans, borrowings and cummulative reedemable preference share capital.

The cumulative redeemable preferance shares bear the right to receive a cumulative preferential dividend at the rate of 3% per annum. The shares were issued on 25 June 2002. The cumulative accrued dividends at the balance sheet date amount to £323,751 (2023: £309,362) and are included in other creditors.

The preferance share capital is redeemable if, in any one year, Christopher's American Grill Limited makes a profit in excess of £500,000.

Other loans are due to Tourtoulen Limited, They include convertible loans of £139,255 and other loans of £636,429.

Variations regarding these loans were entered into on 27 September 2006. Interest is chargeable at 2% above the bank base rate of interest. Interest will be accrued but not paid in installments, instead being compounded. The repayment of the capital and interest was agreed to incur at the first event of a business sale, share sale, liquidation or listing, or earlier at the discretion of the directors, thus rendering them theoretically repayable on demand following the sale of the business in 2010. Tourtoulen Limited have confirmed that the loans will not be called in within 12 months from the date of the directors signing the balance sheet.

As a condition of these variations, the company and its subsidiaries granted a new debenture together with cross guarantees across the group in favour of Tourtoulen Limited.

GOING CONCERN

The directors have confirmed that they will continue to give financial support to the company whenever required. The directors consider that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the financial support were withdraw.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 January 2024

and 31 December 2024

2,500

1,142

3,642

DEPRECIATION

At 1 January 2024

and 31 December 2024

2,500

1,142

3,642

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	INVESTMENT IN SUBSIDIARIES

Total

£

FAIR VALUE

At 1 January 2024

899,148

Impairments

(421,953

)

At 31 December 2024

477,195

NET BOOK VALUE

At 31 December 2024

477,195

At 31 December 2023

899,148

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Amounts owed by group undertakings

628,762

562,129

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

VAT

8,952

-

Accruals and deferred income

1,171,321

1,078,647

1,180,273

1,078,647

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Loans

775,684

Redeemable Preference shares

477,195

1,252,879

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Andre Serenus Hoffmann.

Registered office and principle place of business address:

35 Walton Street,

London,

SW3 2HU