Eco Restaurants & Investment Group Limited
Eco Restaurants & Investment Group Limited
Registered number: 07330532
Unaudited Financial Statements
For The Year Ended
31 October 2022
Eco Restaurants & Investment Group Limited
Unaudited Financial Statements
For The Year Ended
31 October 2022
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—6 |
Page 1
Eco Restaurants & Investment Group Limited
Balance Sheet
As At
31 October 2022
Balance Sheet
Registered number:
07330532
For the year ending 31 October 2022 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.
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.
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
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| Investments | 5 |
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| CURRENT ASSETS | |||||
| Debtors | 6 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 7 |
( |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
( |
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| Creditors: Amounts Falling Due After More Than One Year | 8 |
( |
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| NET LIABILITIES |
( |
( |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 9 |
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| Profit and Loss Account |
( |
( |
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| SHAREHOLDERS' FUNDS | (624,049) | (458,371) | |||
Page 1
Page 2
Eco Restaurants & Investment Group Limited
Balance Sheet (continued)
As At
31 October 2022
On behalf of the board
|
Director
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|
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Eco Restaurants & Investment Group Limited
Notes to the Financial Statements
For The Year Ended
31 October 2022
Notes to the Financial Statements
1.
General Information
Eco Restaurants & Investment Group Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
07330532
. The registered office is Unit 1, 40-48 Bromells Road, London, SW4 0BG.
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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 |
|
| Computer Equipment |
|
3.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 6 (2021: 8)
4.
Tangible Assets
| Plant & Machinery | |
|---|---|
| £ | |
| Cost | |
| As at
|
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| Additions |
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| As at
|
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| Depreciation | |
| As at
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| Provided during the period |
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| As at
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| Net Book Value | |
| As at
|
|
| As at
|
|
Page 3
Page 4
Eco Restaurants & Investment Group Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 October 2022
| Unlisted | |
|---|---|
| £ | |
| Cost | |
| As at
|
|
| As at
|
|
| Provision | |
| As at
|
|
| As at
|
|
| Net Book Value | |
| As at
|
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| As at
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Investments:
The company's investments at the Statement of Financial Position date in the share capital of
companies include the following:
Absolutely Starving Ltd
Registered office: United Kingdom
Nature of business: Groceries & Bakery
Class of shares:Ordinary
Holding: 100%
2022
Aggregate capital and reserves (£ 562,773)
(Loss)/profit for the year (£ 274,980)
2021
Aggregate capital and reserves (£ 287,793)
(Loss)/profit for the year (£ 373,459)
Eco West End Ltd
Registered office: United Kingdom
Nature of business: Restaurant,Management & Consultancy
Class of shares:Ordinary
Holding: 100%
2022
Aggregate capital and reserves (£ 803,055)
(Loss)/profit for the year (£ 302)
2021
Aggregate capital and reserves (£ 802,753)
(Loss)/profit for the year (£ 1021)
Baladi Kitchen Ltd
Registered office: United Kingdom
Nature of business: Bakery
Class of shares:Ordinary
Holding: 100%
2022
Aggregate capital and reserves (£ 578,786)
(Loss)/profit for the year (£ 20,357)
2021
Aggregate capital and reserves (£ 558,329)
(Loss)/profit for the year (£ 23,884)
Eastside Story Ltd
Registered office: United Kingdom
Nature of business: Restaurant
...CONTINUED
Page 4
Page 5
Eco Restaurants & Investment Group Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 October 2022
Class of shares:Ordinary
Holding: 100%
2022
Aggregate capital and reserves £ 260,194
(Loss)/profit for the year (£ 72,642)
2021
Aggregate capital and reserves £ 432,836
(Loss)/profit for the year £ 138,842
6.
Debtors
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Prepayments and accrued income |
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| Other debtors- related to co |
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| VAT Receivable |
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| Ab starving Interco |
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| Eco west end interco |
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| Cairo Kitchen Ltd interco |
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| ECO Real Estate Management Ltd |
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7.
Creditors: Amounts Falling Due Within One Year
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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| Other taxes and social security |
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| Net wages | 6,040 | - | |
| Eco inv & leis grp Ltd |
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| Racecorp Ltd |
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| Spiralbuild Ltd-interco |
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| Nurek Properties Ltd |
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| Other creditors co |
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| Baladi kitchen interco |
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| East side story Interco |
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| Credit card Co |
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| Ab starving Ltd interco |
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| Accrued expenses |
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| Directors' loan accounts |
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8.
Creditors: Amounts Falling Due After More Than One Year
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Pension Fund |
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Page 5
Page 6
Eco Restaurants & Investment Group Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 October 2022
9.
Share Capital
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Allotted, Called up and fully paid |
|
|
|
10.
Reserves
11.
Related Party Transactions
Transactions with related parties:
Loans due from entities under common and joint control undertakings £74382.45 (2021: £445,344)
Loans due to entities under common and joint control undertakings £514,841 (2021: £315,200)
Loans due to key management personnel £910,686 (2021: £616,153)
All loans due from and due to related parties are interest free with no fixed repayment terms
Page 6