Kababji UK Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10611877 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

KABABJI UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D G C Smillie

Z Joumblat

SECRETARY:

Z Joumblat

REGISTERED OFFICE:

7 Langthorne Street

London

SW6 6JT

REGISTERED NUMBER:

10611877 (England and Wales)

ACCOUNTANTS:

Burnside

Chartered Accountants

61 Queen Square

Bristol

BS1 4JZ

SOLICITORS:

Dentons UKMEA LLP

The Pinnacle

170 Midsummer Boulevard

Milton Keynes

MK9 1FE

CURRENT ASSETS

Debtors

5

128,802

10,185

Cash at bank

17,373

242,196

146,175

252,381

CREDITORS

Amounts falling due within one year

6

174,437

205,668

NET CURRENT (LIABILITIES)/ASSETS

(28,262

)

46,713

TOTAL ASSETS LESS CURRENT
LIABILITIES

(28,262

)

46,713

CAPITAL AND RESERVES

Called up share capital

7

1

Capital contribution reserve

2,779,077

Retained earnings

(2,807,340

)

(2,732,365

)

SHAREHOLDERS' FUNDS

(28,262

)

46,713

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2025 and were signed on its behalf by:

D G C Smillie - Director

1.	STATUTORY INFORMATION

Kababji UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Depreciation is only charged from the date each respective site opens, when the underlying assets become available for use.

Where the likely future beneficial value of fixed assets falls below their carrying value, an impairment loss is recognised reducing the carrying value to the future beneficial value. Given the company is not currently operating restaurants the value of fixed assets has been reduced to nil.

Financial instruments

Financial assets and liabilities are recognised in the balance sheet when the company becomes party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of any direct issue costs.

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.

Going concern

The directors have reviewed the going concern status of the business for the foreseeable future to the best of their ability.

The company's restaurants closed due to the Covid-19 lockdowns in 2020 and given issues such as high energy costs and a difficult labour market the directors are waiting for more stable conditions before opening new sites and starting to actively trade again.

The directors consider that the company will continue to be able to meet all of its liabilities as they fall due and so have concluded that they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors therefore continue to adopt the going concern basis of accounting in preparing these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2024

582,222

Disposals

(582,222

)

At 31 December 2024

-

DEPRECIATION

At 1 January 2024

582,222

Eliminated on disposal

(582,222

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Other debtors

12,000

-

VAT

47,105

10,185

Prepayments and accrued income

69,697

-

128,802

10,185

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

84,269

-

Other creditors

20,800

Directors' current accounts

14,199

Accruals and deferred income

55,169

170,669

174,437

205,668

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

1

Ordinary

£1.00

1

Capital contribution reserve

In previous years the then parent undertaking provided additional equity funding totalling £2,779,077 (2023 - £2,779,077) without any share capital issued. These equity funds were recognised as a capital contribution reserve.

8.	RELATED PARTY DISCLOSURES

At 31 December 2024 the company owed £14,199 to its directors (2023 - £14,199).

ZJ Advisory Limited

At the end of the period the company owed £12,000 (2023 - £60,000) to ZJ Advisory Limited, a company owned and controlled by one of the directors. The company incurred £30,000 of professional fees (2023 - £Nil) from ZJ Advisory Limited.

Red Hot Restaurant Management Limited

At the end of the period the company was owed £12,000 by Red Hot Restaurant Management Limited (2023 - £60,000 owed to Red Hot Restaurant Management Limited), a company owned and controlled by one of the directors. The company incurred £30,000 of professional fees (2023 - £Nil) from Red Hot Restaurant Management Limited.

9.	ULTIMATE CONTROLLING PARTY

Until 29 September 2023, the company was a wholly owned subsidiary of Kababji International Company UK, a company incorporated in the Cayman Islands. On that date the company was acquired by Ampersand Advisory Limited, a company registered in England and Wales.