The Breakfast Group Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03929817 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

THE BREAKFAST GROUP LIMITED

Page

Statement of Financial Position

1

Notes to the Financial Statements

2

FIXED ASSETS

Investments

4

1,700

1,600

CURRENT ASSETS

Debtors

5

266,280

267,180

CREDITORS

Amounts falling due within one year

6

12,380

2,280

NET CURRENT ASSETS

253,900

264,900

TOTAL ASSETS LESS CURRENT LIABILITIES

255,600

266,500

CAPITAL AND RESERVES

Called up share capital

7

2,702

2,702

Retained earnings

252,898

263,798

SHAREHOLDERS' FUNDS

255,600

266,500

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 18 September 2019 and were signed on its behalf by:

C O'Donovan - Director

1.	STATUTORY INFORMATION

The Breakfast Group Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address are as below:

Registered number:

03929817

Registered office:

368 Forest Road

London

E17 5JF

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of

Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2018

1,600

Additions

100

At 31 December 2018

1,700

NET BOOK VALUE

At 31 December 2018

1,700

At 31 December 2017

1,600

The Company's investments at the Statement of Financial Position date in the share capital of

companies include the following:

Cherrywood Restaurants Ltd

Registered office: UK

Nature of business: Rental property & equipment hire service

%

Class of shares:

holding

Ordinary

100.00

Fastman Ltd

Registered office: UK

Nature of business: Licensed Restaurants

%

Class of shares:

holding

Ordinary

100.00

Exxo Restaurants Ltd

Registered office: UK

Nature of business: Licensed Restaurants

%

Class of shares:

holding

Ordinary

100.00

Halledge Ltd

Registered office: UK

Nature of business: Rental property & equipment hire service

%

Class of shares:

holding

Ordinary

100.00

Bengred Ltd

Registered office: UK

Nature of business: Licenced Restaurants

%

Class of shares:

holding

Ordinary

100.00

Twiglet Restaurants Ltd

Registered office: UK

Nature of business: Rental property and equipment hire services

%

Class of shares:

holding

Ordinary

100.00

Salvador Bloomsbury Ltd

Registered office: UK

Nature of business: Licensed Restaurants

%

Class of shares:

holding

Ordinary

100.00

Betawest Ltd

Registered office: UK

Nature of business: Dissolved January 2017

%

Class of shares:

holding

Ordinary

100.00

Punk Soho Ltd

Registered office: UK

Nature of business: Dissolved January 2017

%

Class of shares:

holding

Ordinary

100.00

Maison City Ltd

Registered office: UK

Nature of business: Licensed Restaurants

%

Class of shares:

holding

Ordinary

100.00

During the year, Maison City Ltd became a subsidiary of the company.

In 2017, the company wrote off £1,000 being the entire cost of its shareholdings in its 100%

subsidiaries Betawest Limited and Punk Soho Limited which were dissolved in January 2017.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Amounts owed by group undertakings

266,280

267,180

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Amounts owed to group undertakings

10,100

-

Other creditors

2,280

2,280

12,380

2,280

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.18

31.12.17

value:

£

£

2,702

Ordinary

£1

2,702

2,702

8.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company had inter companies balances with the following group

companies:

Group companies:

Fastman Ltd

Twiglet Restaurants Ltd

Maison City Ltd

There is no overall control of the company by any individual person.