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Registered number: 02969502
ST. JOHN RESTAURANT COMPANY LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 26 OCTOBER 2025
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ST. JOHN RESTAURANT COMPANY LIMITED
REGISTERED NUMBER: 02969502
BALANCE SHEET
AS AT 26 OCTOBER 2025
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Creditors: Amounts falling due within one year
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Total assets less current liabilities
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Creditors: Amounts falling due after more than one year
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Capital redemption reserve
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ST. JOHN RESTAURANT COMPANY LIMITED
REGISTERED NUMBER: 02969502
BALANCE SHEET (CONTINUED)
AS AT 26 OCTOBER 2025
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
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B Milton-Cook (appointed 19 February 2026)
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ST. JOHN RESTAURANT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 26 OCTOBER 2025
St. John Restaurant Company Limited is a private company (registered number: 02969502), limited by share capital. It is incorporated in the United Kingdom and domiciled in England and Wales. The registered office and principal place of business is 26 St John Street, London, EC1M 4AY.
The principal activity of the Company is the management and operation of a restaurant.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The financial statements are presented in Sterling (£). All amounts in the financial statements have been rounded to the nearest £1.
The following principal accounting policies have been applied:
Having reviewed the financial statements, considering the net liabilities and cash flows of the business, the directors have formed a judgement that there is a reasonable expectation that the Company has the necessary profitability, working capital inflow and funding capacity to continue operations for at least 12 months from the date of approval of these financial statements. Therefore, they are prepared on a going concern basis.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
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ST. JOHN RESTAURANT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 26 OCTOBER 2025
2.Accounting policies (continued)
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
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Current and deferred taxation
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The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
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ST. JOHN RESTAURANT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 26 OCTOBER 2025
2.Accounting policies (continued)
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Tangible fixed assets (continued)
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Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
Short-term debtors are measured at transaction price, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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The average monthly number of employees, including directors, during the period was 108 (2024 - 109).
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ST. JOHN RESTAURANT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 26 OCTOBER 2025
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Short-term leasehold property
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ST. JOHN RESTAURANT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 26 OCTOBER 2025
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Amounts owed by group undertakings
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Amounts owed by group undertakings are unsecured, interest free, and payable on demand.
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Obligations under finance lease and hire purchase contracts
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Amounts owed to group undertakings are unsecured, interest free, and payable on demand.
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ST. JOHN RESTAURANT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 26 OCTOBER 2025
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Creditors: Amounts falling due after more than one year
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Analysis of the maturity of loans is given below:
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Amounts falling due within one year
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Amounts falling due 1-2 years
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Amounts falling due 2-5 years
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ST. JOHN RESTAURANT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 26 OCTOBER 2025
9. (continued)
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Bank loans
The bank loan of £1,300,000 incurs interest at 3.50% p.a. over LIBOR with a monthly repayment of £15,476. The loan is due for full repayment in May 2026. The total amount outstanding at year end is £15,492 (2024: £201,204).
In February 2024, an additional £500,000 was borrowed with the same incurred interest rate. Quarterly repayments of £25,000 and is due for full repayment in February 2029. As at the year end, the amount outstanding on this loan was £350,000 (2024: £450,000).
The loan is secured on: first legal mortgage dated 03 December 2010 over the leasehold property known as Ground & Basement Floors, 94-96 Commercial Street, London E1 6LZ, provided by St. John Restaurant Company Limited.
The other bank loan of £350,000 (2024: £350,000) is a Coronavirus Business Interruption Loan (CBILS). In the year, the bank loan incurred interest at 3.50% p.a. over LIBOR. Quarterly repayments commenced from September 2021 and full repayment is due in June 2026. As at year end, the amount outstanding on this loan was £150,000 (2024: £350,000).
Other loans
The other loan is made up of a loan with Mr. T Gulliver of £479,560 (2024: £437,972), interest on this loan is accrued at 8% p.a. plus BOE base rate and is not falling due within one year.
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Commitments under operating leases
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As 26 October 2025 the Company had future minimum lease payments under non-cancellable operating leases as follows:
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ST. JOHN RESTAURANT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 26 OCTOBER 2025
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The deferred tax asset is made up as follows:
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Tax losses carried forward
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The immediate and ultimate controlling entity is St. John Group Limited. The results of the Company are
included in the consolidated accounts of St. John Group Limited and can be obtained from Companies
House.
The ultimate controlling party is Trevor Gulliver.
The auditors' report on the financial statements for the period ended 26 October 2025 was unqualified.
The audit report was signed on 21 July 2026 by Andrew Ball (Senior Statutory Auditor) on behalf of HaysMac LLP.
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