REGISTERED NUMBER: 13594740 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

JJ & Team 2 Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A A Jivraj

K Jukhoop

REGISTERED OFFICE:

Suite 201 Moda Business Centre

Stirling Way

Borehamwood

Hertfordshire

WD6 2BW

REGISTERED NUMBER:

13594740 (England and Wales)

AUDITORS:

RA Audit Services Limited (Statutory Auditor)

2nd Floor

Grove House

55 Lowlands Road

Harrow

Middlesex

HA1 3AW

FIXED ASSETS

Tangible assets

4

246,335

33,731

CURRENT ASSETS

Stocks

24,100

23,606

Debtors

5

665,151

244,442

Cash at bank and in hand

520,978

478,866

1,210,229

746,914

CREDITORS

Amounts falling due within one year

6

1,235,854

683,541

NET CURRENT (LIABILITIES)/ASSETS

(25,625

)

63,373

TOTAL ASSETS LESS CURRENT LIABILITIES

220,710

97,104

PROVISIONS FOR LIABILITIES

8

61,584

-

NET ASSETS

159,126

97,104

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

159,026

97,004

SHAREHOLDERS' FUNDS

159,126

97,104

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 Income Statement 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:

A A Jivraj - Director

1.	STATUTORY INFORMATION

JJ & Team 2 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Turnover is recognised to the extent it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company operates licensed restaurant. The Company recognise its turnover on sale of products and delivery of services to consumers.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently at cost net of depreciation and any impairment losses.

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

Plant and Machinery - 15% - 20% on reducing balance

Fixtures and fittings - 15% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

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

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

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

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they no longer at the discretion of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 53 (2023 - 43 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2024

37,697

-

37,697

Additions

48,115

194,488

242,603

At 31 December 2024

85,812

194,488

280,300

DEPRECIATION

At 1 January 2024

3,966

-

3,966

Charge for year

11,889

18,110

29,999

At 31 December 2024

15,855

18,110

33,965

NET BOOK VALUE

At 31 December 2024

69,957

176,378

246,335

At 31 December 2023

33,731

-

33,731

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed by group undertakings

-

13,031

Other debtors

665,151

231,411

665,151

244,442

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

91,921

109,811

Amounts owed to group undertakings

568,069

162,746

Taxation and social security

163,347

168,051

Other creditors

412,517

242,933

1,235,854

683,541

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

405,000

400,000

Between one and five years

1,620,000

1,600,000

In more than five years

1,012,500

1,600,000

3,037,500

3,600,000

8.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

61,584

-

Deferred

tax

£

Accelerated capital allowances

61,584

Balance at 31 December 2024

61,584

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Abdul Hafeez ACA, FCCA (Senior Statutory Auditor)

for and on behalf of RA Audit Services Limited (Statutory Auditor)

11.	ULTIMATE PARENT COMPANY

The company's parent company is Zaf Holdings Limited , a company registered in England and Wales. The results of JJ & Team 2 Limited are included in consolidated financial statements of Zaf Holdings Limited which are available from their registered office Suit 201 Moda Business Centre, Stirling Way, Borehamwood, Hertfordshire, England, WD6 2BW.

12.

GUARANTEE

There is a guarantee between the company and its parent and related companies in respect of bank borrowings in the group companies. At 31 December 2024, the outstanding bank loan in the group amounted to £1,934,036 (2023 : £3,583,752).