F & R Restaurants Chelsea Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 12864670 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th September 2024

for

F & R RESTAURANTS CHELSEA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

R Beatty

REGISTERED OFFICE:

2 Burton House

Repton Place

White Lion Road

Amersham

Buckinghamshire

HP7 9LP

REGISTERED NUMBER:

12864670 (England and Wales)

ACCOUNTANTS:

Jacquards

2 Burton House

Repton Place

White Lion Road

Amersham

Buckinghamshire

HP7 9LP

FIXED ASSETS

Tangible assets

4

79,082

69,506

CURRENT ASSETS

Stocks

12,178

9,188

Debtors

5

803,745

858,461

Investments

6

290,100

-

Cash at bank and in hand

235,454

277,295

1,341,477

1,144,944

CREDITORS

Amounts falling due within one year

7

542,110

508,469

NET CURRENT ASSETS

799,367

636,475

TOTAL ASSETS LESS CURRENT
LIABILITIES

878,449

705,981

PROVISIONS FOR LIABILITIES

19,771

15,298

NET ASSETS

858,678

690,683

CAPITAL AND RESERVES

Called up share capital

8

10

Retained earnings

858,668

690,673

SHAREHOLDERS' FUNDS

858,678

690,683

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29th September 2025 and were signed by:

R Beatty - Director

1.	STATUTORY INFORMATION

F & R Restaurants Chelsea Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 29 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st October 2023

86,360

Additions

22,603

At 30th September 2024

108,963

DEPRECIATION

At 1st October 2023

16,854

Charge for year

13,027

At 30th September 2024

29,881

NET BOOK VALUE

At 30th September 2024

79,082

At 30th September 2023

69,506

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

14,094

37,164

Amounts owed by associates

157,461

192,600

Other debtors

632,190

628,697

803,745

858,461

6.	CURRENT ASSET INVESTMENTS

2024

2023

£

Listed investments

290,100

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

53,284

84,747

Taxation and social security

242,322

187,065

Other creditors

246,504

236,657

542,110

508,469

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

10

Ordinary

1.00

10

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2024 and 30th September 2023:

2024

2023

£

R Beatty

Balance outstanding at start of year

439,556

545,010

Amounts repaid

-

(105,454

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

439,556

Loans to director have no interest or repayment terms attaching.

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £50,000 were paid to the director .

The company is related to R & F Restaurants Soho Limited ("R&F") by way of common shareholding, and there are occasionally funds provided between the two companies. As at the balance sheet date the company was owed £122,662 (2023: £169,380) by R&F.

In addition, the company is related to The Polpo Chelsea Trading Company Limited ("PCTC") by way of family connections. The company rents it operational premises from PCTC on normal commercial terms and as at the balance sheet date was owed £34,799 (2023: £23,220).

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R Beatty.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of F & R Restaurants Chelsea Limited for the year ended 30th September 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of F & R Restaurants Chelsea Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of F & R Restaurants Chelsea Limited and state those matters that we have agreed to state to the director of F & R Restaurants Chelsea Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than F & R Restaurants Chelsea Limited and its director for our work or for this report.

It is your duty to ensure that F & R Restaurants Chelsea Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of F & R Restaurants Chelsea Limited. You consider that F & R Restaurants Chelsea Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of F & R Restaurants Chelsea Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Jacquards

2 Burton House

Repton Place

White Lion Road

Amersham

Buckinghamshire

HP7 9LP

29th September 2025