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Registered number: 05741014
Raffles (GB) Limited
Financial Statements
For The Year Ended 31 March 2026
C K R
Chartered Certified Accountants
CKR House
70 East Hill
Dartford
Kent
DA1 1RZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05741014
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 40,945 48,536
40,945 48,536
CURRENT ASSETS
Stocks 5 2,100 1,920
Debtors 6 2,914 11,078
Cash at bank and in hand 12,198 2,940
17,212 15,938
Creditors: Amounts Falling Due Within One Year 7 (29,238 ) (27,661 )
NET CURRENT ASSETS (LIABILITIES) (12,026 ) (11,723 )
TOTAL ASSETS LESS CURRENT LIABILITIES 28,919 36,813
Creditors: Amounts Falling Due After More Than One Year 8 (25,221 ) (36,712 )
NET ASSETS 3,698 101
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 3,598 1
SHAREHOLDERS' FUNDS 3,698 101
Page 1
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For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Zehra Kalkay
Director
16 October 2026
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Raffles (GB) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05741014 . The registered office is CKR House, 70 East Hill, Dartford, Kent, DA1 1RZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover
Turnover is the fair value of the consideration received or receivable for food and beverages sold and services provided in the normal course of business. It is stated net of discounts and value added tax.
Turnover is recognised at the point of sale, when the food or beverages are served or handed over to the customer and payment is received or becomes receivable. This includes sales made through third-party delivery platforms. Those sales are recognised when the order is fulfilled, at the gross amount charged to the customer, and the platform commission is included within administrative expenses.
Amounts received in advance, such as deposits for functions and bookings or gift vouchers sold, are deferred and recognised in turnover when the related service is provided or the voucher is redeemed.
Stocks
Stocks comprise food, beverages and consumables held for resale. They are valued at the lower of cost and estimated selling price less costs to complete and sell, after due allowance for perishable, damaged or obsolete items. Cost is determined on a first-in, first-out basis.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing balance basis
Motor Vehicles 25% reducing balance basis
Computer Equipment 25% reducing balance basis
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2025: 3)
4 3
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2025 74,055 25,769 47,290 599 147,713
Additions - 4,626 - - 4,626
As at 31 March 2026 74,055 30,395 47,290 599 152,339
Depreciation
As at 1 April 2025 74,055 19,658 5,118 346 99,177
Provided during the period - 1,611 10,543 63 12,217
As at 31 March 2026 74,055 21,269 15,661 409 111,394
Net Book Value
As at 31 March 2026 - 9,126 31,629 190 40,945
As at 1 April 2025 - 6,111 42,172 253 48,536
Land and property are improvements to lease
5. Stocks
2026 2025
£ £
Goods for resale 2,100 1,920
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6. Debtors
2026 2025
£ £
Due within one year
Prepayments and accrued income 2,914 6,250
Director's loan account - 4,828
2,914 11,078
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 9,458 9,458
Trade creditors 1,709 -
Bank loans and overdrafts 1,775 10,203
Corporation tax 7,151 -
VAT 2,694 5,500
Other creditors (1) 3,813 -
Accruals 2,500 2,500
Director's loan account 138 -
29,238 27,661
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 25,221 34,679
Bank loans - 2,033
25,221 36,712
9. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 9,458 9,458
Later than one year and not later than five years 25,221 34,679
34,679 44,137
34,679 44,137
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
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11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2025 Amounts advanced Amounts repaid Amounts written off As at 31 March 2026
£ £ £ £ £
Mrs Zehra Kalkay 4,828 57,217 62,183 - 138
12. Dividends
2026 2025
£ £
On equity shares:
Interim dividend paid 4,900 -
Final dividend paid 15,100 56,139
20,000 56,139
13. Reserves
Profit and Loss Account
£
As at 1 April 2025 1
Profit for the year and total comprehensive income 23,597
Dividends paid (20,000)
As at 31 March 2026 3,598
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