Company registration number 08394366 (England and Wales)
UGS BELGRAVIA RESTAURANTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
UGS BELGRAVIA RESTAURANTS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
UGS BELGRAVIA RESTAURANTS LIMITED (REGISTERED NUMBER: 08394366)
BALANCE SHEET
AS AT
28 FEBRUARY 2025
28 February 2025
- 1 -
28 February 2025
29 February 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
236,242
116,495
Current assets
Debtors
4
38,725
52,014
Cash at bank and in hand
3,092
15,773
41,817
67,787
Creditors: amounts falling due within one year
5
(603,120)
(432,385)
Net current liabilities
(561,303)
(364,598)
Net liabilities
(325,061)
(248,103)
Capital and reserves
Called up share capital
6
200
200
Share premium account
1,519,900
1,519,900
Profit and loss reserves
(1,845,161)
(1,768,203)
Total equity
(325,061)
(248,103)

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

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 26 May 2026 and are signed on its behalf by:
S Theivendram
Director
UGS BELGRAVIA RESTAURANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 2 -
1
Accounting policies
Company information

UGS Belgravia Restaurants Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4th Floor, 399-401 Strand, London, WC2R OLT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the Balance Sheet date, the company has net liabilities and is reliant on support from an entity which is related by way of having common directors. That company has confirmed that it will only seek repayment of amounts due when the company has the ability to repay these amounts.

As such the directors consider it appropriate for the accounts to be prepared on a going concern basis.

1.3
Turnover

Turnover represents amounts receivable for goods and services net of VAT.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Improvements to property
Equally over 10 year lease
Fixtures, fittings & equipment
Equally over 10 year lease
Computer equipment
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.6
Leases
As lessee
UGS BELGRAVIA RESTAURANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 3 -

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.7
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Tangible fixed assets
Improvements to property
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
£
Cost
At 1 March 2024
660,208
154,004
4,901
819,113
Additions
82,253
43,206
-
0
125,459
Disposals
-
0
(5,760)
-
0
(5,760)
At 28 February 2025
742,461
191,450
4,901
938,812
Depreciation and impairment
At 1 March 2024
607,456
90,261
4,901
702,618
Eliminated in respect of disposals
-
0
(48)
-
0
(48)
At 28 February 2025
607,456
90,213
4,901
702,570
Carrying amount
At 28 February 2025
135,005
101,237
-
0
236,242
At 29 February 2024
52,752
63,743
-
0
116,495
UGS BELGRAVIA RESTAURANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 4 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
38,725
52,014
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
60,253
65,411
Amounts owed to group undertakings
456,793
275,633
Other creditors
86,074
91,341
603,120
432,385
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
200
200
200
200
7
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
382,932
427,932
8
Parent company

The parent company is Last Resort Consultancy Limited, a company incorporated in the UK.

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