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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)
- 3 -
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 
- 5 -
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).
- 6 -