REGISTERED NUMBER: |
AJI (RESTAURANTS) LIMITED |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022 |
REGISTERED NUMBER: |
AJI (RESTAURANTS) LIMITED |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022 |
AJI (RESTAURANTS) LIMITED (REGISTERED NUMBER: 05880239) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2022 |
Page |
Company information | 1 |
Abridged statement of financial position | 2 |
Notes to the financial statements | 3 | to | 7 |
AJI (RESTAURANTS) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST DECEMBER 2022 |
Directors: |
Registered office: |
Registered number: |
Auditors: |
Chartered Accountants and Statutory Auditors |
Richmond House |
Walkern Road |
Stevenage |
Hertfordshire |
SG1 3QP |
AJI (RESTAURANTS) LIMITED (REGISTERED NUMBER: 05880239) |
ABRIDGED STATEMENT OF FINANCIAL POSITION |
31ST DECEMBER 2022 |
2022 | 2021 |
Notes | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 5 |
CURRENT ASSETS |
Inventories |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 |
AJI (RESTAURANTS) LIMITED (REGISTERED NUMBER: 05880239) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2022 |
1. | STATUTORY INFORMATION |
Aji (Restaurants) Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The company is reliant on continued financial support from the the ultimate parent company, Shirayama Shokusan Co Ltd. The directors of Shirayama Shokusan Co Ltd have indicated their willingness to continue to support the company. On this assertion the financial statements have been prepared on a going concern basis. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
AJI (RESTAURANTS) LIMITED (REGISTERED NUMBER: 05880239) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2022 |
3. | ACCOUNTING POLICIES - continued |
Significant judgements and estimates |
In the application of the company's accounting policies, which are described in note 3, management is required to make judgements estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. |
The Key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below. |
Useful Economic Life of Tangible Assets: |
The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and physical condition of the assets. |
Revenue |
Revenue represents the total invoice value, excluding value added tax, trade discounts and all other taxes of sales made during the year. |
Revenue recognition |
Revenue is recognised when goods have been delivered and services supplied to customers such that risks and rewards of ownership have transferred to them. |
Property, plant and equipment |
Plant and machinery etc | - |
Inventories |
Inventories and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
AJI (RESTAURANTS) LIMITED (REGISTERED NUMBER: 05880239) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2022 |
3. | ACCOUNTING POLICIES - continued |
Tax |
Tax 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 tax 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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the income statement 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 the income statement in the period to which they relate. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
AJI (RESTAURANTS) LIMITED (REGISTERED NUMBER: 05880239) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2022 |
5. | PROPERTY, PLANT AND EQUIPMENT |
Totals |
£ |
Cost |
At 1st January 2022 |
Additions |
At 31st December 2022 |
Depreciation |
At 1st January 2022 |
Charge for year |
At 31st December 2022 |
Net book value |
At 31st December 2022 |
At 31st December 2021 |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
Ordinary | £1 | 1 | 1 |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the auditors was unqualified. |
for and on behalf of |
8. | RELATED PARTY DISCLOSURES |
As at the year end an amount £1,251,086 (2021: £938,884) is included within creditors due within one year to Shirayama Shokusan. There are no formal repayment terms agreed on this loan and the loan is interest free and repayable on demand. |
AJI (RESTAURANTS) LIMITED (REGISTERED NUMBER: 05880239) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2022 |
9. | PARENT RELATIONSHIPS |
The parent undertaking is County Hall Cuisine Limited, a company incorporated in England and Wales |
at Riverside Building County Hall, Westminster Bridge Road, London SE1 7PB. |
The ultimate holding company is Shirayama Shokusan Co. Ltd, a company incorporated in Japan at 2-3-23, Tsumori, Nishinari-Ku, Osaka, 557-0062, Japan. |
The smallest and largest group of group financial statements in which the results of the company are included within are available at 2-3-23, Tsumori, Nishinari-Ku, Osaka, 557-0062, Japan. |