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Company Registration No. 03225339 (England and Wales)
Favorite (Restaurants) Limited Unaudited accounts for the year ended 31 July 2025
Favorite (Restaurants) Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Favorite (Restaurants) Limited Company Information for the year ended 31 July 2025
Directors
Spyridon Kassaris Christos Lazanas
Company Number
03225339 (England and Wales)
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Favorite (Restaurants) Limited Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
3,364
4,486
Current assets
Inventories
6,750
6,000
Debtors
5
160,291
160,291
Cash at bank and in hand
128,344
121,210
295,385
287,501
Creditors: amounts falling due within one year
6
(124,898)
(127,419)
Net current assets
170,487
160,082
Total assets less current liabilities
173,851
164,568
Creditors: amounts falling due after more than one year
7
(10,563)
(19,193)
Net assets
163,288
145,375
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
162,288
144,375
Shareholders' funds
163,288
145,375
For the year ending 31 July 2025 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by
Spyridon Kassaris Director Company Registration No. 03225339
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Favorite (Restaurants) Limited Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
Favorite (Restaurants) Limited is a private company, limited by shares, registered in England and Wales, registration number 03225339.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 August 2024
62,628
At 31 July 2025
62,628
Depreciation
At 1 August 2024
58,142
Charge for the year
1,122
At 31 July 2025
59,264
Net book value
At 31 July 2025
3,364
At 31 July 2024
4,486
5
Debtors
2025
2024
£
£
Amounts falling due after more than one year
Accrued income and prepayments
3,742
3,742
Other debtors
156,549
156,549
160,291
160,291
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Favorite (Restaurants) Limited Notes to the Accounts for the year ended 31 July 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
17,875
17,262
Taxes and social security
4,465
9,479
Loans from directors
101,758
99,878
Accruals
800
800
124,898
127,419
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
10,563
19,193
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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