REGISTERED NUMBER: 08519886 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2026

for

NEPALESE CHEF LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Kashi Nath Sharma

REGISTERED OFFICE:

24-26 London Road

Gloucester

Gloucestershire

GL1 3NR

REGISTERED NUMBER:

08519886 (England and Wales)

ACCOUNTANTS:

Brindleys Limited

2 Wheeleys Road

Edgbaston

Birmingham

West Midlands

B15 2LD

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

52,347

59,270

52,347

59,270

CURRENT ASSETS

Stocks

6

43,250

30,750

Debtors

7

8,108

28,607

Cash at bank and in hand

1,149

13,348

52,507

72,705

CREDITORS

Amounts falling due within one year

8

107,229

94,782

NET CURRENT LIABILITIES

(54,722

)

(22,077

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,375

)

37,193

CREDITORS

Amounts falling due after more than one year

9

(9,440

)

(18,878

)

PROVISIONS FOR LIABILITIES

11

-

(7,350

)

NET (LIABILITIES)/ASSETS

(11,815

)

10,965

CAPITAL AND RESERVES

Called up share capital

12

2

2

Retained earnings

13

(11,817

)

10,963

SHAREHOLDERS' FUNDS

(11,815

)

10,965

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 August 2026 and were signed by:

Kashi Nath Sharma - Director

1.	STATUTORY INFORMATION

Nepalese Chef 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

10% on cost

Fixtures and fittings

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Holiday pay

Holiday pay is recognised as an expense in the period in which the service is received.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2025 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2025

and 31 May 2026

29,978

AMORTISATION

At 1 June 2025

and 31 May 2026

29,978

NET BOOK VALUE

At 31 May 2026

-

At 31 May 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

leasehold

fittings

vehicles

Totals

£

£

£

£

COST

At 1 June 2025

510

96,750

32,045

129,305

Additions

-

-

4,800

4,800

At 31 May 2026

510

96,750

36,845

134,105

DEPRECIATION

At 1 June 2025

330

53,978

15,727

70,035

Charge for year

27

6,416

5,280

11,723

At 31 May 2026

357

60,394

21,007

81,758

NET BOOK VALUE

At 31 May 2026

153

36,356

15,838

52,347

At 31 May 2025

180

42,772

16,318

59,270

6.

STOCKS

2026

2025

£

£

Stocks

43,250

30,750

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

1,010

17,881

Deferred tax asset

398

-

Prepayments

6,700

10,726

8,108

28,607

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts (see note 10)

14,252

9,440

Trade creditors

18,000

12,933

Social security and other taxes

3,147

1,465

VAT

16,720

15,691

Other creditors

46,686

47,310

Directors' current accounts

-

751

Accrued expenses

8,424

7,192

107,229

94,782

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans (see note 10)

9,440

18,878

10.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

4,812

-

Bank loans

9,440

9,440

14,252

9,440

Amounts falling due between one and two years:

Bank loans - 1-2 years

9,440

9,440

2026

2025

£

£

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

9,438

11.	PROVISIONS FOR LIABILITIES

2025

£

Deferred tax

7,350

Deferred

tax

£

Balance at 1 June 2025

7,350

Provided during year

(7,748

)

Balance at 31 May 2026

(398

)

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

1

Ordinary

1

2

2

Each share has one voting right, equal rights to dividends and distribution.

13.

RESERVES

Retained

earnings

£

At 1 June 2025

10,963

Deficit for the year

(22,780

)

At 31 May 2026

(11,817

)

14.	RELATED PARTY DISCLOSURES

During the year, the company paid the director, remuneration of £12,570.