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Registration number: 08294601

Pokeno Coffee Club Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2021

 

Pokeno Coffee Club Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Pokeno Coffee Club Limited

Company Information

Directors

Mr Jonathan William Murray Smith

Mrs Carol McGregor Smith

Registered office

41 Rosebery Avenue
London
EC1R 4SH

Accountants

AIMS Accountants
Management Accountant

 

Pokeno Coffee Club Limited

(Registration number: 08294601)
Balance Sheet as at 30 November 2021

Note

2021
£

2020
£

Fixed assets

 

Tangible assets

4

-

168

Current assets

 

Stocks

5

-

928

Debtors

6

2,935

2,935

Cash at bank and in hand

 

7,390

11,612

 

10,325

15,475

Creditors: Amounts falling due within one year

7

(130,985)

(133,299)

Net current liabilities

 

(120,660)

(117,824)

Total assets less current liabilities

 

(120,660)

(117,656)

Creditors: Amounts falling due after more than one year

7

(43,734)

(28,676)

Net liabilities

 

(164,394)

(146,332)

Capital and reserves

 

Called up share capital

8

2

2

Profit and loss account

(164,396)

(146,334)

Shareholders' deficit

 

(164,394)

(146,332)

For the financial year ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 24 August 2022 and signed on its behalf by:
 

.........................................
Mr Jonathan William Murray Smith
Director

 

Pokeno Coffee Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
41 Rosebery Avenue
London
EC1R 4SH
United Kingdom

The principal place of business is:
41 Rosebery Avenue
London
EC1R 4SH
United Kingdom

These financial statements were authorised for issue by the Board on 24 August 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Pokeno Coffee Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021

Asset class

Depreciation method and rate

25% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Pokeno Coffee Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2020 - 1).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

Additions

23,000

670

13,605

37,275

At 30 November 2021

23,000

670

13,605

37,275

Depreciation

At 1 December 2020

23,000

502

13,605

37,107

Charge for the year

-

168

-

168

At 30 November 2021

23,000

670

13,605

37,275

Carrying amount

At 30 November 2021

-

-

-

-

At 30 November 2020

-

168

-

168

Included within the net book value of land and buildings above is £Nil (2020 - £Nil) in respect of short leasehold land and buildings.
 

5

Stocks

2021
£

2020
£

Raw materials and consumables

-

928

6

Debtors

2021
£

2020
£

Prepayments

685

685

Other debtors

2,250

2,250

2,935

2,935

 

Pokeno Coffee Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021

7

Creditors

Creditors: amounts falling due within one year

2021
£

2020
£

Due within one year

Taxation and social security

18

3,532

Accruals and deferred income

2,800

1,600

Other creditors

128,167

128,167

130,985

133,299

Creditors: amounts falling due after more than one year

Note

2021
£

2020
£

Due after one year

 

Loans and borrowings

9

43,734

28,676

8

Share capital

9

Loans and borrowings

2021
£

2020
£

Non-current loans and borrowings

Bank borrowings

43,734

28,676