BEER & BURGER KX LTD Filleted accounts for Companies House (small and micro)

BEER & BURGER KX LTD - Company Information

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COMPANY REGISTRATION NUMBER: 11647009

BEER & BURGER KX LTD

Filleted Unaudited Abridged Financial Statements

31 July 2021

BEER & BURGER KX LTD

Abridged Statement of Financial Position

31 July 2021

	2021	2020
Note	£	£

Current assets

Stocks	14,997	14,997
Debtors	62,691	167,926
Cash at bank and in hand	41,546	32,602
	---------	---------
	119,234	215,525

Creditors: amounts falling due within one year	69,908	161,977
	---------	---------
Net current assets	49,326	53,548
	--------	--------
Total assets less current liabilities	49,326	53,548

Creditors: amounts falling due after more than one year	48,359	50,000
	--------	--------
Net assets	967	3,548
	--------	--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	966	3,547
	----	-------
Shareholders funds	967	3,548
	----	-------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 July 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

All of the members have consented to the preparation of the abridged statement of financial position for the year ending 31 July 2021 in accordance with Section 444(2A) of the Companies Act 2006.

BEER & BURGER KX LTD

Abridged Statement of Financial Position (continued)

31 July 2021

These abridged financial statements were approved by the board of directors and authorised for issue on 28 April 2022 , and are signed on behalf of the board by:

Mr A Perritt

Director

Company registration number: 11647009

BEER & BURGER KX LTD

Notes to the Abridged Financial Statements

Year ended 31 July 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 71 Palace Gardens Terrace, London, W8 4RU, United Kingdom.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Financial instruments

Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 12 (2020: 14 ).

5. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2021
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr J Perritt	–	–	–
	----	----	----

	2020
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr J Perritt	–	( 295)	( 295)
	----	----	----

6. Related party transactions

The company was controlled by Beer and Burger Ltd through the current and previous year. At 31st July 2021, the company was owed £331,042 (£230,009) from Perritt and Perritt Ltd, £288 from Beer and Burger Walthamstow Ltd, both companies are fully controlled by Mr A Perritt and Mr J Perritt . At 31st July 2021, the company was owed £4,223 from London Public House Company Ltd (2020 £23,022), £11,346 from The Stag Hampstead Ltd (2020 £11,420), both companies are 100% controlled by Perritt and Perritt Ltd. At 31st July 2021, the company owed £43,228 to The Mall Tavern Notting Hill Ltd (2020 oved from £1,474), £347,835 to Beer and Burger Ltd (2020 £168,143), both companies are 100% controlled by Perritt and Perritt Ltd. At 31st July 2021, the company was owed £30,984 from Beer and Burger Dalston Ltd (2020 £33,197), £46,257 from Beer and Burger Willesden Ltd (2020 £30,129), £8,696 from Beer and Burger Dark Kitchen Ltd (2020 £1,923.08) and £16,823 was due to Beer and Burger O2 Arena Ltd (2020 £18,681), all companies are 100% owed by Beer and Burger Ltd.

7. Controlling party

The company is wholly owed subsidiary of Beer and Burger Limited due to their 100% shareholdings.