Sushi Shop UK Ltd - Filleted accounts

Registered number

08019428

Sushi Shop UK Ltd

Filleted Accounts

31 December 2024

Sushi Shop UK Ltd
Registered number:		08019428
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	4		59,217			90,966

Current assets
Stocks		7,337			9,168
Debtors	5	1,216,616			1,208,447
Cash at bank and in hand		99,073			57,448
		1,323,026			1,275,063

Creditors: amounts falling due within one year	6	(3,977,771)			(3,467,098)

Net current liabilities			(2,654,745)			(2,192,035)

Net liabilities			(2,595,528)			(2,101,069)

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			(2,596,528)			(2,102,069)

Shareholder's funds			(2,595,528)			(2,101,069)

The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Daniel DEL RIO BENITEZ
Director
Approved by the board on 26 March 2026

Sushi Shop UK Ltd
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold improvements & premium		Over the period of the lease
	Plant and machinery		20% straight line
	Motor vehicles		33.33% straight line

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Audit information

	As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006: The auditor's report was a disclaimer of opinion.
	We were unable to obtain sufficient appropriate audit evidence regarding the opening balances as at 31 December 2023, because the prior period financial statements were audited and had a disclaimer of opinion. Consequently, we were unable to determine whether the opening balances were free from material misstatement and whether they have been properly brought forward into the current period. In addition, during the audit of the financial statements for the year ended 31 December 2024, we identified several balances and transactions on the profit and loss account for which we were unable to obtain adequate supporting documentation or explanations from management to enable us to verify the completeness, accuracy, occurrence and classification of amounts recognised in the financial statements. These items include, but are not limited to: - Other employee settlements amounting to £3,481; - Investments payable (domestic/third parties) amounting to £7,874; - Doubtful payables amounting to £3,286; - Exchange difference arising from trade payables amounting to £32,080; - Prepayments (insurance and IT services) amounting to £1,751; and - Accruals and provisions relating to utilities, shop costs, professional fees (including intercompany professional fees), insurance, property taxes, service connection costs, marketing expenses, raw materials, packaging and telecommunications, in aggregate amounting to £238,822 Based on the information available, these matters result in an estimated impact on profit or loss of £218,822, however we were unable to determine whether additional adjustments may be required. Furthermore, we did not received any supporting document regarding other balances, including: - Prepayments – other £5,255; - Accrual for utilities £5,642; - Accruals – rent £46,902; - Accruals for professional fees £10,890; - Other accruals £200,550; - Other accruals – G&A £83,779; and - Deferred income – gift cards £631
	As a result of these matters, we were unable to determine whether any adjustments might have been found necessary in respect of the opening balances, recorded or unrecorded inventories, and the above-mentioned prepayments, accruals, payables, deferred income and related expenses and accounts receivable, and the possible effects on the financial statements could be both material and pervasive. Accordingly, we were unable to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion.

	Senior statutory auditor:	Olivier P.J. Foucault
	Firm:	FC Expertise Ltd
	Date of audit report:	26 March 2026


3	Employees				2024		2023
Number						Number

	Average number of persons employed by the company				10		10


4	Tangible fixed assets
			Leasehold premium		Leasehold improvement & Plant & Machinery		Total
£				£		£
	Cost
	At 1 January 2024		10,000		406,080		416,080
	Additions		-		1,041		1,041
	At 31 December 2024		10,000		407,121		417,121

	Depreciation
	At 1 January 2024		-		325,114		325,114
	Charge for the year		-		32,790		32,790
	At 31 December 2024		-		357,904		357,904

	Net book value
	At 31 December 2024		10,000		49,217		59,217
	At 31 December 2023		10,000		80,966		90,966


5	Debtors				2024		2023
£						£

	Trade debtors				1,090,984		1,083,644
	Other debtors				125,632		124,803
					1,216,616		1,208,447


6	Creditors: amounts falling due within one year				2024		2023
£						£

	Trade creditors				(69,667)		(58,892)
	Amounts owed to group undertakings and undertakings in which the company has a participating interest				3,528,429		2,920,220
	Taxation and social security costs				25,421		50,242
	Other creditors				493,588		555,528
					3,977,771		3,467,098


7	Controlling party

	Sushi Shop Group SAS controls the company by virtue of its 100% shareholdings.


8	Other information

	Sushi Shop UK Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Brenchley House
	Brenchley Mews
	Charing
	Kent
	TN27 0JW