Cosmopolitan Restaurants (Uk) Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06933391 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

COSMOPOLITAN RESTAURANTS (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs T Photiou

Y Photiou

REGISTERED OFFICE:

C/O React Business Services

City Pavilion Cannon Green

27 Bush Lane

London

EC4R 0AA

REGISTERED NUMBER:

06933391 (England and Wales)

ACCOUNTANTS:

React Business Services

City Pavilion, Cannon Green

27 Bush Lane

London

EC4R 0AA

FIXED ASSETS

Tangible assets

4

156,650

173,139

CURRENT ASSETS

Stocks

29,150

21,525

Debtors

5

235,222

275,847

Cash at bank and in hand

379,261

419,794

643,633

717,166

CREDITORS

Amounts falling due within one year

6

116,297

198,868

NET CURRENT ASSETS

527,336

518,298

TOTAL ASSETS LESS CURRENT LIABILITIES

683,986

691,437

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

683,886

691,337

683,986

691,437

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2024 and were signed on its behalf by:

Y Photiou - Director

1.	STATUTORY INFORMATION

Cosmopolitan Restaurants (Uk) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2022

224,131

236,815

460,946

Additions

-

13,889

13,889

At 31 March 2023

224,131

250,704

474,835

DEPRECIATION

At 1 April 2022

164,606

123,201

287,807

Charge for year

17,600

12,778

30,378

At 31 March 2023

182,206

135,979

318,185

NET BOOK VALUE

At 31 March 2023

41,925

114,725

156,650

At 31 March 2022

59,525

113,614

173,139

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

6,807

-

Other debtors

228,415

275,847

235,222

275,847

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade creditors

39,284

35,424

Taxation and social security

64,629

90,380

Other creditors

12,384

73,064

116,297

198,868