RSA Grill Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11145017

RSA Grill Limited

Filleted Unaudited Financial Statements

28 February 2025

RSA Grill Limited

Statement of Financial Position

28 February 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	6	376,591	435,264

Current assets

Stocks		22,700	19,600
Debtors	7	537,100	783,341
Cash at bank and in hand		19,492	10,078
		---------	---------
		579,292	813,019

Creditors: amounts falling due within one year	8	262,235	444,067
		---------	---------
Net current assets		317,057	368,952
		---------	---------
Total assets less current liabilities		693,648	804,216

Creditors: amounts falling due after more than one year	9	102,402	88,038
		---------	---------
Net assets		591,246	716,178
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	591,146	716,078
	---------	---------
Shareholders funds	591,246	716,178
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

RSA Grill Limited

Statement of Financial Position (continued)

28 February 2025

These financial statements were approved by the board of directors and authorised for issue on 28 April 2025 , and are signed on behalf of the board by:

Mr. Ali Delidogan
Director

Company registration number: 11145017

RSA Grill Limited

Notes to the Financial Statements

Year ended 28 February 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 834 Hertford Road, Enfield, Middlesex, EN3 6UE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	18% reducing balance
Motor vehicles	-	18% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 28 (2024: 25 ).

5. Tax on loss

Reconciliation of tax income

The tax assessed on the loss on ordinary activities for the year is higher than (2024: higher than) the standard rate of corporation tax in the UK of 19 % (2024: 19 %).

	2025	2024
	£	£
Loss on ordinary activities before taxation	( 124,932)	( 37,397)
	---------	--------
Loss on ordinary activities by rate of tax	( 23,737)	( 7,105)
Effect of capital allowances and depreciation	11,148	3,723
Unused tax losses	12,589	3,382
	---------	--------
Tax on loss	–	–
	---------	--------

6. Tangible assets

	Fixtures and fittings	Motor vehicles	Total
	£	£	£
Cost
At 1 March 2024	889,373	26,000	915,373
Additions	23,994	–	23,994
	---------	--------	---------
At 28 February 2025	913,367	26,000	939,367
	---------	--------	---------
Depreciation
At 1 March 2024	471,591	8,518	480,109
Charge for the year	79,520	3,147	82,667
	---------	--------	---------
At 28 February 2025	551,111	11,665	562,776
	---------	--------	---------
Carrying amount
At 28 February 2025	362,256	14,335	376,591
	---------	--------	---------
At 29 February 2024	417,782	17,482	435,264
	---------	--------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	9,237	4,941
Other debtors	527,863	778,400
	---------	---------
	537,100	783,341
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	16,486	91,293
Trade creditors	56,003	35,137
Corporation tax	–	42,719
Social security and other taxes	65,963	170,595
Other creditors	123,783	104,323
	---------	---------
	262,235	444,067
	---------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	102,402	88,038
	---------	--------

10. Financial instruments

The company has the following financial instruments:

	2025	2024
	£	£
Financial assets measured at amortised cost:
Trade and other debtors	9,237	4,941
Prepayments and accrued income	18,993	17,530
Loans to connected companies	508,870	760,870
	---------	---------
	537,100	783,341
	---------	---------


	£	£
Financial liabilities measured at amortised cost:
Bank loans and overdraft	118,888	179,331
Trade and other creditors	56,003	35,137
Accruals	15,019	4,801
Directors loan account	74,436	64,522
Loan from connected company	34,328	35,000
	---------	---------
	298,674	318,791
	---------	---------

11. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr. Ali Delidogan	( 64,522)	( 9,914)	–	( 74,436)
	--------	-------	----	--------

	2024
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr. Ali Delidogan	( 78,932)	–	14,410	( 64,522)
	--------	----	--------	--------

12. Related party transactions

shareholder of RSA Grill Limited, is also the managing director and sole shareholder of Delicious Cafe E13 Limited and Water Lane Lounge Ltd and managing director and majority shareholder of Delidogan Properties Limited.