# PALACE RESTAURANT LTD (03392817)

> PALACE RESTAURANT LTD is an active private limited company (company number 03392817) incorporated on 26 June 1997, registered in London. Its registered activity is unlicenced restaurants and cafes (SIC 56102). Latest small accounts cover the period ending 31 July 2025, showing net assets of −£11k and cash of £26k, with 2 employees on average. Net assets fell 619% on the prior period (£2,202).

- Status: Active
- Incorporated: 1997-06-26
- Registered office: London, SW1W 0PP
- SIC 56102: Unlicenced restaurants and cafes
- Next accounts due: 2027-04-30
- Confirmation statement due: 2027-07-10
- Accounts type: TOTAL EXEMPTION FULL

By net assets it sits in the bottom quarter of 4,093 comparable companies in London (median £495, upper quartile £14k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-07-31 | −£11k | £26k | — | £38k | — | — | 2 |
| 2024-07-31 | £2,202 | £32k | — | £31k | — | — | 2 |

current ratio 0.7; size band micro.

## Filing and accounts signals (facts, not a rating)

- Net assets below zero: Net assets £-11,421 at 31 July 2025
- Net assets down 25% or more on the prior period: -618.7% vs prior period
- Current assets below creditors within one year: Current ratio 0.7
- Incorporated five or more years ago: Incorporated 26 June 1997

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mr Vipin Khanna — owns 75–100% of shares; holds 75–100% of voting rights; can appoint or remove directors, since 2016-06-27

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/03392817
HTML: https://firmoscan.com/company/03392817-palace-restaurant-ltd