REGISTERED NUMBER: 04397538 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CHICKEN COTTAGE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A S B Hanipah

SECRETARY:

A S B Hanipah

REGISTERED OFFICE:

14 Valley Point

Beddington Farm Road

Croydon

Surrey

CR0 4WP

REGISTERED NUMBER:

04397538 (England and Wales)

AUDITORS:

Owadally & King

Chartered Certified Accountants

& Statutory Auditors

73 Park Lane

Croydon

Surrey

CR0 1JG

FIXED ASSETS

Tangible assets

4

797

2,438

Investments

5

100

100

897

2,538

CURRENT ASSETS

Debtors

6

2,536,532

2,279,589

Cash at bank

10,835

24,840

2,547,367

2,304,429

CREDITORS

Amounts falling due within one year

7

898,861

432,549

NET CURRENT ASSETS

1,648,506

1,871,880

TOTAL ASSETS LESS CURRENT LIABILITIES

1,649,403

1,874,418

CREDITORS

Amounts falling due after more than one year

8

1,738,147

1,808,803

NET (LIABILITIES)/ASSETS

(88,744

)

65,615

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

(88,844

)

65,515

SHAREHOLDERS' FUNDS

(88,744

)

65,615

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 director and authorised for issue on 23 December 2025 and were signed by:

A S B Hanipah - Director

1.	STATUTORY INFORMATION

Chicken Cottage 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost and 15% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

185,293

Additions

514

At 31 December 2024

185,807

DEPRECIATION

At 1 January 2024

182,855

Charge for year

2,155

At 31 December 2024

185,010

NET BOOK VALUE

At 31 December 2024

797

At 31 December 2023

2,438

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

36,096

DEPRECIATION

At 1 January 2024

and 31 December 2024

36,096

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

100

NET BOOK VALUE

At 31 December 2024

100

At 31 December 2023

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

128,773

70,980

Amounts owed by group undertakings

2,299,042

2,095,581

Other debtors

108,717

113,028

2,536,532

2,279,589

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

128,301

134,111

Amounts owed to group undertakings

666,700

244,637

Taxation and social security

90,454

14,884

Other creditors

13,406

38,917

898,861

432,549

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

18,375

28,363

Other creditors

1,719,772

1,780,440

1,738,147

1,808,803

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Parent Company Loan

1,719,772

1,780,440

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

1

100

100

10.

RESERVES

Retained

earnings

£

At 1 January 2024

65,515

Deficit for the year

(154,359

)

At 31 December 2024

(88,844

)

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Mohammed Yousouf F Owadally (Senior Statutory Auditor)

for and on behalf of Owadally & King

12.	RELATED PARTY DISCLOSURES

During the year the company entered into transactions with Chicken Cottage Distributions Limited, a company within the same group, in respect for management fees, the total fees was £156,000. The balance owed as at 31 December 2024 was 566,756

At the balance sheet date, Chicken Cottage Limited was owed £1,212,819 from Chicken Cottage Holdings Limited, £1,044,660 from Chicken Cottage Stores Limited, £41,563 from Cottage IP Limited and owed £99,904 to Chicken Cottage Global Ltd, all companies are within the same group.

Chicken Cottage Limited also owed £374,000 to Terranganu Inc as at 31 December 2024.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is TI Global Food Holdings Ltd.

The ultimate controlling party is considered to be Menteri Besar, Terengganu (incorporated in Malaysia).