Company Registration No. 12655937 (England and Wales)
Formosa Street Kitchen Ltd
Unaudited accounts
for the year ended 31 December 2025
Formosa Street Kitchen Ltd
Unaudited accounts
Contents
Formosa Street Kitchen Ltd
Company Information
for the year ended 31 December 2025
Directors
Francois Marie Guerin
Jean Francois Lesage
Company Number
12655937 (England and Wales)
Registered Office
18 Formosa Street
London
W9 1EE
Accountants
Gains Accountants
Queen Elizabeth Olympic Park
Plexal, 14 East Bay Lane
London
E20 3BS
Formosa Street Kitchen Ltd
Statement of financial position
as at 31 December 2025
Called up share capital not paid
-
15,000
Intangible assets
13,284
29,000
Tangible assets
122,391
121,733
Cash at bank and in hand
12,963
4,799
Creditors: amounts falling due within one year
(230,336)
(122,641)
Net current assets
160,874
207,562
Total assets less current liabilities
296,549
373,295
Creditors: amounts falling due after more than one year
(145,376)
(210,724)
Net assets
151,173
162,571
Called up share capital
623
62,250
Share premium
29,876
29,876
Profit and loss account
120,674
70,445
Shareholders' funds
151,173
162,571
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2026 and were signed on its behalf by
Francois Marie Guerin
Director
Company Registration No. 12655937
Formosa Street Kitchen Ltd
Notes to the Accounts
for the year ended 31 December 2025
Formosa Street Kitchen Ltd is a private company, limited by shares, registered in England and Wales, registration number 12655937. The registered office is 18 Formosa Street, London, W9 1EE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% or 50% (Straight line basis)
Fixtures & fittings
10% or 15% (Straight line basis)
Computer equipment
15% (Straight line basis)
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Formosa Street Kitchen Ltd
Notes to the Accounts
for the year ended 31 December 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Other
At 31 December 2025
29,000
Charge for the year
15,716
At 31 December 2025
15,716
At 31 December 2025
13,284
At 31 December 2024
29,000
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2025
60,031
118,186
3,823
182,040
Additions
14,033
15,814
940
30,787
At 31 December 2025
74,064
134,000
4,763
212,827
At 1 January 2025
21,117
38,314
876
60,307
Charge for the year
13,524
15,981
624
30,129
At 31 December 2025
34,641
54,295
1,500
90,436
At 31 December 2025
39,423
79,705
3,263
122,391
At 31 December 2024
38,914
79,872
2,947
121,733
Formosa Street Kitchen Ltd
Notes to the Accounts
for the year ended 31 December 2025
Amounts falling due within one year
Trade debtors
4,551
13,200
Amounts due from group undertakings etc.
278,532
221,437
Accrued income and prepayments
1,750
1,494
Other debtors
55,514
47,805
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Creditors: amounts falling due within one year
2025
2024
Trade creditors
78,541
68,560
Taxes and social security
46,931
16,363
Other creditors
7,071
15,610
Loans from directors
6,496
(3,504)
8
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
145,376
210,724
Allotted, called up and fully paid:
- Ordinary shares of £0.01 each
-
62,249.60
6,224,960 Ordinary shares of £0.0001 each
622.49
-
Shares issued during the period:
6,224,960 Ordinary shares of £0.0001 each
622.49
10
Operating lease commitments
2025
2024
At 31 December 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
33,000
33,000
Later than one year and not later than five years
19,167
52,167
Formosa Street Kitchen Ltd
Notes to the Accounts
for the year ended 31 December 2025
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan
1,500
-
-
1,500
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Transactions with related parties
During the financial year, the following sales and purchases have been made with the companies under the common control:
Francois Square Ltd - Purchases - £7,420
La Ferme Ltd - Sales - £7,866
At the year end, the following balances are owed to/from the companies under the common control:
Francois Square Ltd - £2,124
La Ferme Ltd - £39,890
Farringdon Road Ltd - £278,532
13
Average number of employees
During the year the average number of employees was 17 (2024: 14).