Registration number:
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Shanghai Me London Limited
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Brebners
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Shanghai Me London Limited
Contents
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Company Information |
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Statement of Financial Position |
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Notes to the Financial Statements |
Shanghai Me London Limited
Company Information
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Directors |
S Allemann M H Merran |
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Registered office |
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Auditor |
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Shanghai Me London Limited
Statement of Financial Position as at 31 December 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current (liabilities)/assets |
( |
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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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Provisions for liabilities |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
7,500 |
5,500 |
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Retained earnings |
(283,735) |
(303,958) |
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Shareholders' deficit |
(276,235) |
(298,458) |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
Approved and authorised by the
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S Allemann
Director
Company registration number: 15007270
Shanghai Me London Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The principal activity of the company is that of a lease holding company.
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Audit Report |
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Accounting policies |
Statement of compliance
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' Section 1A and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.
Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Group accounts not prepared
Shanghai Me London Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Going concern
The company made a profit for the year ended 31 December 2025 and had a deficiency of net assets at that date of £276,235.
During the year the company and its subsidiary completed preparatory work leading to the opening of the group's restaurant on 21 July 2025.
The company funds its working capital requirements through interest-free loans and advances from current and prospective shareholders, who provided further net funding of £6,108,709 during the year (2024: £4,607,330), bringing total advances to £10,716,039 at 31 December 2025. Further funding has been provided since the year end. No matters have been drawn to the attention of the directors to suggest that this funding will not continue on acceptable terms in the future and the directors believe that the company is well placed to manage its business risks successfully.
On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.
Revenue recognition
Turnover comprises of recharges of rent and other overhead costs of the company to its fellow group undertaking for use of the company's facilities and assets. Turnover is charged on a time basis over the lease and use of assets on a straight line basis, and in accordance with the company's lease commitments.
Turnover comprises the fair value of the consideration received or receivable charged in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that
future economic benefits will flow to the entity and specific criteria have been met for each of the company's
activities.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Shanghai Me London Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Leasehold improvements |
Over the duration of the lease |
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Fixtures, Fittings and equipment |
20-33% straight line |
Depreciation is only provided once tangible assets have been brought into use.
Intangible assets
Website development costs are shown at historic cost.
Website development costs have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
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Asset class |
Amortisation method and rate |
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Website development costs |
10% Straight Line |
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Shanghai Me London Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Provisions
Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Operating leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
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Staff numbers |
The average number of persons employed by the company during the year, was
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Taxation |
No corporation tax charge has arisen in the year as the company's taxable profits have been fully relieved by brought-forward tax losses. At 31 December 2025, the company had unused tax losses of £3,187,416 (2024 - £2,984,340) for which no deferred tax asset has been recognised due to uncertainty over the timing of the utilisation of these losses.
Shanghai Me London Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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Intangible assets |
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Other intangible assets |
Total |
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Cost or valuation |
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Additions acquired separately |
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At 31 December 2025 |
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Amortisation |
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Amortisation charge |
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At 31 December 2025 |
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Carrying amount |
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At 31 December 2025 |
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Tangible assets |
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Leasehold improvements |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 January 2025 |
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- |
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Additions |
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At 31 December 2025 |
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Depreciation |
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Charge for the year |
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At 31 December 2025 |
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Carrying amount |
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At 31 December 2025 |
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At 31 December 2024 |
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Depreciation was only provided once tangible assets have been brought into use.
Shanghai Me London Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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Investments |
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2025 |
2024 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
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Cost or valuation |
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At 1 January 2025 |
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Carrying amount |
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At 31 December 2025 |
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At 31 December 2024 |
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Debtors |
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2025 |
2024 |
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Trade debtors |
- |
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Amounts owed by group undertakings |
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Other debtors |
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Other debtors includes an amount of £325,000 (2024 - £325,000) recoverable in greater than one year.
Shanghai Me London Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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Creditors |
Creditors: amounts falling due within one year
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2025 |
2024 |
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Trade creditors |
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Amounts owed to group undertakings |
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Other creditors |
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Creditors: amounts falling due after more than one year
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Note |
2025 |
2024 |
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Loans and borrowings |
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Amounts owed to group undertakings |
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- |
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Other creditors |
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7,035,300 |
4,960,229 |
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Loans and borrowings |
Non-current loans and borrowings
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2025 |
2024 |
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Other borrowings |
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Other borrowings relate to interest-free loans from shareholders. The loans are repayable in accordance with the agreed funding arrangements and have no fixed repayment date.
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FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENCIES |
Amounts not provided for in the statement of financial position
The total amount of financial commitments not included in the statement of financial position is £
The company entered into an operating lease with total commitments of £5,065,125 (2024 - £5,606,792) for a property which is utilised by the company's subsidiary undertaking, Shanghai Me Restaurant Limited. Although the lease is in the name of the company, Shanghai Me Restaurant Limited has agreed to meet any liability arising in respect of this lease whilst it is being utilised.
Shanghai Me London Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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Related party transactions |
In accordance with FRS 102 paragraph 1AC.35 exemption is taken not to disclose transactions or amounts falling due with companies wholly owned within the group.
At 31 December 2025 an amount of £1,873,803 was due to the parent undertaking (2024 - £479,500 due from the parent undertaking).
At 31 December 2025 a total amount of £3,317,524 was owed to group undertakings not wholly owned within the group (2024 - £20,000 owed by group undertakings not wholly owned within the group).
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Parent and ultimate parent undertaking |
The company's immediate parent is Fundamental Group Holding Limited, incorporated in the United Arab Emirates. The ultimate parent undertaking is KV Holding Limited, incorporated in the United Arab Emirates.
The parent of the smallest group preparing group accounts in which the results of the company are included is Fundamental Hospitality Group Holding Limited, which is incorporated in the United Arab Emirates, whose registered office is Unit 304, Level 3, Liberty House, Dubai International Financial Centre, Dubai, United Arab Emirates.