Jcn Enterprises Limited

The principal activity of the company in the year under review was that of operating quick service restaurants. GOING CONCERN The balance sheet date as at 31 December 2024, shows a net current liability position of £1,604,696 (2023: £791,844) and a deficit in shareholders' funds of £76,890 (2023: surplus £169,620). The company continues to meet its day to day working capital requirements through operating cash flows and where necessary the support of the Directors and finances all significant refurbishments via a combination of bank finance and working capital. The Directors have produced detailed cash flow and profits forecasts that show the company continuing to deliver significant profits in the years to 31/12/2025 and 31/12/2026. The current positive cash flows from trading will be sufficient to meet working capital and financing obligations as they fall due. Having considered all the relevant facts the directors consider it is appropriate to prepare the financial statements on a going concern basis.