SUBS (CHELSEA) UK LIMITED


Director	Shamsi, Murad


Registered Address	Subway
	38 Seven Sisters Road
	London
	N7 6AA


Registered Number	08515089 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		-		2,660
Tangible assets	4		27,796		28,240
			27,796		30,900
Current assets
Stocks	5	2,546		1,975
Debtors	6	178,692		274,863
Cash at bank and on hand		21,585		27,009
		202,823		303,847
Creditors amounts falling due within one year	7	(180,725)		(195,169)
Net current assets (liabilities)			22,098		108,678
Total assets less current liabilities			49,894		139,578
Creditors amounts falling due after one year	8		(2,233)		(12,441)
Provisions for liabilities	9		(4,157)		(4,157)
Net assets			43,504		122,980
Capital and reserves
Called up share capital			100		100
Profit and loss account			43,404		122,880
Shareholders' funds			43,504		122,980

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 30 September 2025, and are signed on its behalf by:

Shamsi, Murad
Director
Registered Company No. 08515089

SUBS (CHELSEA) UK LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Land and buildings	15
	Plant and machinery	15
	Fixtures and fittings	15
	Office Equipment	15

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	9		9

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 January 24	170,000	170,000
At 31 December 24	170,000	170,000
Amortisation and impairment
At 01 January 24	167,340	167,340
Charge for year	2,660	2,660
At 31 December 24	170,000	170,000
Net book value
At 31 December 24	-	-
At 31 December 23	2,660	2,660

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 January 24	5,847	3,569	132,344	757	142,517
Additions	-	2,785	-	1,554	4,339
At 31 December 24	5,847	6,354	132,344	2,311	146,856
Depreciation and impairment
At 01 January 24	4,367	263	109,410	237	114,277
Charge for year	222	878	3,440	243	4,783
At 31 December 24	4,589	1,141	112,850	480	119,060
Net book value
At 31 December 24	1,258	5,213	19,494	1,831	27,796
At 31 December 23	1,480	3,306	22,934	520	28,240

5.	Stocks

	2024	2023
	£	£
Raw materials and consumables	2,546	1,975
Total	2,546	1,975

6.	Debtors: amounts due within one year

	2024	2023
	£	£
Other debtors	166,567	262,563
Prepayments and accrued income	12,125	12,300
Total	178,692	274,863

7.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	15,045	14,669
Bank borrowings and overdrafts	11,031	11,031
Taxation and social security	48,861	51,395
Other creditors	105,788	118,074
Total	180,725	195,169


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	2,233	12,441
Total	2,233	12,441

9.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	4,157	4,157
Total	4,157	4,157