Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 false 2024-01-01 false Licenced restaurant 38 19 true true 12474257 2024-01-01 2024-12-31 12474257 2023-03-01 2023-12-31 12474257 2024-12-31 12474257 2023-12-31 12474257 1 2024-01-01 2024-12-31 12474257 d:Director1 2024-01-01 2024-12-31 12474257 c:Buildings c:ShortLeaseholdAssets 2024-01-01 2024-12-31 12474257 c:Buildings c:ShortLeaseholdAssets 2024-12-31 12474257 c:Buildings c:ShortLeaseholdAssets 2023-12-31 12474257 c:PlantMachinery 2024-01-01 2024-12-31 12474257 c:PlantMachinery 2024-12-31 12474257 c:PlantMachinery 2023-12-31 12474257 c:PlantMachinery c:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12474257 c:FurnitureFittings 2024-01-01 2024-12-31 12474257 c:FurnitureFittings 2024-12-31 12474257 c:FurnitureFittings 2023-12-31 12474257 c:FurnitureFittings c:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12474257 c:OfficeEquipment 2024-01-01 2024-12-31 12474257 c:OfficeEquipment 2024-12-31 12474257 c:OfficeEquipment 2023-12-31 12474257 c:OfficeEquipment c:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12474257 c:ComputerEquipment 2024-01-01 2024-12-31 12474257 c:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12474257 c:CurrentFinancialInstruments 2024-12-31 12474257 c:CurrentFinancialInstruments 2023-12-31 12474257 c:Non-currentFinancialInstruments 2024-12-31 12474257 c:Non-currentFinancialInstruments 2023-12-31 12474257 c:CurrentFinancialInstruments c:WithinOneYear 2024-12-31 12474257 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 12474257 c:Non-currentFinancialInstruments c:AfterOneYear 2024-12-31 12474257 c:Non-currentFinancialInstruments c:AfterOneYear 2023-12-31 12474257 c:ShareCapital 2024-12-31 12474257 c:ShareCapital 2023-12-31 12474257 c:RetainedEarningsAccumulatedLosses 2024-12-31 12474257 c:RetainedEarningsAccumulatedLosses 2023-12-31 12474257 d:OrdinaryShareClass1 2024-01-01 2024-12-31 12474257 d:OrdinaryShareClass1 2024-12-31 12474257 d:OrdinaryShareClass1 2023-12-31 12474257 d:FRS102 2024-01-01 2024-12-31 12474257 d:Audited 2024-01-01 2024-12-31 12474257 d:FullAccounts 2024-01-01 2024-12-31 12474257 d:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12474257 d:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12474257 2 2024-01-01 2024-12-31 12474257 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12474257 33 HERBS LTD FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2024
33 HERBS LTD REGISTERED NUMBER: 12474257 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024
|  |  |  | As restated
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 667,165 |  | 793,109
|  |  | 667,165 |  | 793,109
Current assets |  |  |  |  |
Stocks |  | 694,082 |  | 575,514 |
Debtors: amounts falling due after more than one year | 5 | 60,000 |  | 60,000 |
Debtors: amounts falling due within one year | 5 | 54,736 |  | 12,498 |
Cash at bank and in hand | 6 | 625,180 |  | 509,316 |
|  | 1,433,998 |  | 1,157,328 |
Creditors: amounts falling due within one year | 7 | (2,244,275) |  | (2,465,042) |
Net current liabilities |  |  | (810,277) |  | (1,307,714)
Total assets less current liabilities |  |  | (143,112) |  | (514,605)
Creditors: amounts falling due after more than one year | 8 |  | (87,500) |  | (80,000)
Net liabilities |  |  | (230,612) |  | (594,605)
Capital and reserves |  |  |  |  |
Called up share capital | 9 |  | 100 |  | 100
Profit and loss account |  |  | (230,712) |  | (594,705)
|  |  | (230,612) |  | (594,605)
Page 1
33 HERBS LTD REGISTERED NUMBER: 12474257 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 DECEMBER 2024 The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 October 2025.
E Massaad
Director
The notes on pages 3 to 10 form part of these financial statements. Page 2
33 HERBS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 1.Accounting policies
| 1.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 1.2 | Going concern
At 31 December 2024 the Company had net liabilities of £230,612. It is the expectation of the directors that the Company will be able to meet its financial liabilities as they fall due over a period of at least 12 months. The directors believe that with the help and continued support from the parent company, Forklift Holding Limited, the Company will be able to manage its business risks successfully and has adequate resources to continue in operational existence for the foreseeable future.
| 1.3 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Balances in the financial statements are rounded to the nearest £. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Page 3
33 HERBS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 1.Accounting policies (continued)
| 1.4 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
| 1.5 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
| 1.6 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 1.7 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.
| 1.8 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 4
33 HERBS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 1.Accounting policies (continued)
| 1.8 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line or reducing balance methods as detailed below. Depreciation is provided on the following basis:
|  |  |  | Short-term leasehold property | - |  | over the remaining lease term
|  |  |  | Plant and machinery | - | 20% | reducing balance
|  |  |  | Fixtures and fittings | - | 20% | reducing balance
|  |  |  | Computer equipment | - | 33% | straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 1.9 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 1.10 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 1.11 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 1.12 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 5
33 HERBS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 1.Accounting policies (continued)
| 1.13 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. 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 trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Basic 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 the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Page 6
33 HERBS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
2. | General information
The Company is a private company, limited by shares and incorporated in England. Its Registered Office and place of business is : Ground Floor 114-118 Southampton Row Holborn London WC1B 5AA
3. | Employees
| The average monthly number of employees, including directors, during the year was 38 (2023 - 19).
4. | Tangible fixed assets
|  | Short-term leasehold property | Plant and machinery | Fixtures and fittings | Computer equipment | Total
|  | £ | £ | £ | £ | £
| Cost or valuation as restated |  |  |  |  |
| At 1 January 2024 | 707,465 | 92,984 | 68,792 | 6,119 | 875,360
| Additions | - | 7,351 | 3,472 | 1,935 | 12,758
| Disposals | - | - | (5,130) | - | (5,130)
| At 31 December 2024 | 707,465 | 100,335 | 67,134 | 8,054 | 882,988
| Depreciation |  |  |  |  |
| At 1 January 2024 | 68,405 | 7,602 | 5,452 | 792 | 82,251
| Charge for the year on owned assets | 102,250 | 17,399 | 12,899 | 2,478 | 135,026
| Disposals | - | - | (1,454) | - | (1,454)
| At 31 December 2024 | 170,655 | 25,001 | 16,897 | 3,270 | 215,823
| Net book value |  |  |  |  |
| At 31 December 2024 | 536,810 | 75,334 | 50,237 | 4,784 | 667,165
| At 31 December 2023 as restated | 639,060 | 85,382 | 63,340 | 5,327 | 793,109
Page 7
33 HERBS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
5. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Due after more than one year |  |
| Other debtors | 60,000 | 60,000
|  | 60,000 | 60,000
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Due within one year |  |
| Other debtors | 16,904 | -
| Prepayments and accrued income | 37,832 | 12,498
|  | 54,736 | 12,498
6. | Cash and cash equivalents
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 625,180 | 509,316
|  | 625,180 | 509,316
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade creditors | 137,962 | 223,891
| Amounts owed to group undertakings | 1,442,274 | 1,785,046
| Other taxation and social security | 287,840 | 200,687
| Other creditors | 271,296 | 214,593
| Accruals and deferred income | 104,903 | 40,825
|  | 2,244,275 | 2,465,042
Page 8
33 HERBS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Other creditors | 87,500 | 80,000
|  | 87,500 | 80,000
9. | Share capital
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2023 - 100) Ordinary shares of £1 each | 100 | 100
10. | Prior year adjustment
During the course of the audit we identified errors in the prior year accounting treatment of the capitalisation of fixed assets and the recognition of a deferred tax liabilty. The impact of the prior year adjustments was to decrease the prior year loss by £482,938 and increase the balance sheet reserves carried forward by the same value.
11. | Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £6,062 (2023 - £1,723) . Contributions totalling £1,094 (2023 - £1,056) were payable to the fund at the balance sheet date and are included in creditors.
12. | Post balance sheet events
Post year end the company has paid a lease deposit on a site for a potential new restaurant opening.
13. | Controlling party
The parent undertaking is Forklift Holding Limited, who's registered office is : Vasilis Vryonidis, 1, Floor 2, Flat/Office 1 3095, Lemesos Cyprus The ultimate controlling party is E Massaad, by virtue of his shareholdings. Page 9
33 HERBS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
14. | Provisions available for audits of small entities
We have undertaken the audit in accordance with the requirements of Financial Reporting Council's Ethical Standards, including "FRC Ethical Standard - Provisions Available for Audits of Small Entities (PAASE)". In common with many other businessess of this size and nature, the Company uses our firm to prepare and submit tax returns and assist with the preparation of financial statements.
15. | Auditors' information
The auditors' report on the financial statements for the year ended 31 December 2024 was qualified. The qualification in the audit report was as follows: We were not appointed as auditor of the company until after 31 December 2024 and thus did not observe the counting of physical inventories at the year end. We were unable to satisfy ourselves by using alternative audit procedures concerning the inventory quantities held and their associated values at 31 December 2024, which are included in the balance sheet at £694,082. Consequently we were unable to determine whether any adjustment to this amount was necessary. The audit report was signed on 24 October 2025 by Martin Van Beek (FCCA) (Senior statutory auditor) on behalf of Ashleys (Hitchin) Limited.
Page 10