FREDDIES AFRO CARIBBEAN LTD

	Page
Company Information	1
Director's Report	2
Accountant's Report	3
Profit and Loss Account	4
Balance Sheet	5—6
Notes to the Financial Statements	7—9

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Company No. 11014317

Director's Report For The Year Ended 31 October 2024

Director's Report

The director presents his report and the financial statements for the year ended 31 October 2024.

Directors

The director who held office during the year were as follows:

Mr Frederick Otoo

Statement of Director's Responsibilities

The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

On behalf of the board

Mr Frederick Otoo

Director

31 October 2025

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FREDDIES AFRO CARIBBEAN LTD

Accountant's Report

For The Year Ended 31 October 2024

Accountant's Report

Report to the director on the preparation of the unaudited statutory accounts of FREDDIES AFRO CARIBBEAN LTD For The Year Ended 31 October 2024

To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of FREDDIES AFRO CARIBBEAN LTD which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the director of FREDDIES AFRO CARIBBEAN LTD , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of FREDDIES AFRO CARIBBEAN LTD and state those matters that we have agreed to state to the director of FREDDIES AFRO CARIBBEAN LTD , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FREDDIES AFRO CARIBBEAN LTD and its director as a body for our work or for this report.

It is your duty to ensure that FREDDIES AFRO CARIBBEAN LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of FREDDIES AFRO CARIBBEAN LTD . You consider that FREDDIES AFRO CARIBBEAN LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of FREDDIES AFRO CARIBBEAN LTD . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Berkshire Accountants Limited

31 October 2025

Berkshire Accountants Limited

Chartered Certified Accountants & Registered Auditors

50A London Street

Reading

RG1 4SQ

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FREDDIES AFRO CARIBBEAN LTD

Profit and Loss Account

For The Year Ended 31 October 2024

Profit and Loss Account

		2024	2023
	Notes	£	£
TURNOVER		1,901,399	1,892,031
Cost of sales		(1,575,353 )	(1,659,577 )

GROSS PROFIT		326,046	232,454

Administrative expenses		(165,476 )	(118,933 )

OPERATING PROFIT		160,570	113,521
Interest payable and similar charges		(7,122 )	(7,850 )

PROFIT BEFORE TAXATION		153,448	105,671
Tax on Profit		(38,752 )	(20,980 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		114,696	84,691

The notes on pages 7 to 9 form part of these financial statements.

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FREDDIES AFRO CARIBBEAN LTD

Balance Sheet

As At 31 October 2024

Balance Sheet

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		301,657		20,428

			301,657		20,428
CURRENT ASSETS
Stocks	5	29,798		50,335
Debtors	6	34,146		61,997
Cash at bank and in hand		34,584		186,083

		98,528		298,415
Creditors: Amounts Falling Due Within One Year	7	(164,970 )		(172,324 )

NET CURRENT ASSETS (LIABILITIES)			(66,442 )		126,091

TOTAL ASSETS LESS CURRENT LIABILITIES			235,215		146,519

NET ASSETS			235,215		146,519

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			235,214		146,518

SHAREHOLDERS' FUNDS			235,215		146,519

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FREDDIES AFRO CARIBBEAN LTD

Balance Sheet (continued)

As At 31 October 2024

For the year ending 31 October 2024 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Mr Frederick Otoo

Director

31 October 2025

The notes on pages 7 to 9 form part of these financial statements.

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FREDDIES AFRO CARIBBEAN LTD

Notes to the Financial Statements

For The Year Ended 31 October 2024

Notes to the Financial Statements

1. General Information

FREDDIES AFRO CARIBBEAN LTD is a private company, limited by shares, incorporated in England & Wales, registered number 11014317 . The registered office is Freddies Afro Caribbean Restaurant, 33-35, Reading, RG2 0EG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Straight-line
Plant & Machinery	Written-down
Motor Vehicles	Written-down
Fixtures & Fittings	Written-down

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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FREDDIES AFRO CARIBBEAN LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 November 2023	-	10,738	15,000	3,555	29,293
Additions	289,680	-	-	3,268	292,948

As at 31 October 2024	289,680	10,738	15,000	6,823	322,241

Depreciation
As at 1 November 2023	-	1,435	3,750	3,680	8,865
Provided during the period	5,794	2,326	2,813	786	11,719

As at 31 October 2024	5,794	3,761	6,563	4,466	20,584

Net Book Value
As at 31 October 2024	283,886	6,977	8,437	2,357	301,657

As at 1 November 2023	-	9,303	11,250	(125 )	20,428

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FREDDIES AFRO CARIBBEAN LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

5. Stocks

	2024	2023
	£	£
Finished goods	29,798	50,335

6. Debtors

	2024	2023
	£	£
Due within one year
Director's loan account	34,146	61,997

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Other loans	19,061	74,999
Corporation tax	118,108	75,619
VAT	19,780	15,158
Accruals and deferred income	8,021	6,548

	164,970	172,324

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 November 2023	Amounts advanced	Amounts repaid	Amounts written off	As at 31 October 2024
	£	£	£	£	£
Mr Frederick Otoo	73,937	-	-	-	-

The above loan is unsecured, interest free and repayable on demand.

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Director	Mr Frederick Otoo

Company Number	11014317

Registered Office	Freddies Afro Caribbean Restaurant
	33-35
	Reading
	RG2 0EG

Accountants	Berkshire Accountants Limited
	Chartered Certified Accountants & Registered Auditors
	50A London Street
	Reading
	RG1 4SQ