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Registration number: SC430586

Classic Desserts Topco Limited

Annual Report and Unaudited Financial Statements

For The Year Ended 31 December 2021

 

Classic Desserts Topco Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

Classic Desserts Topco Limited

(Registration number: SC430586)
Balance Sheet as at 31 December 2021

Note

2021
£

2020
£

           

Fixed assets

   

 

Investments

4

 

624,000

 

624,000

Creditors: Amounts falling due within one year

5

 

(472,919)

 

(522,670)

Net assets

   

151,081

 

101,330

Capital and reserves

   

 

Called up share capital

150,020

 

150,020

 

Profit and loss account

1,061

 

(48,690)

 

Total equity

   

151,081

 

101,330

For the financial year ending 31 December 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 15 August 2022 and signed on its behalf by:
 

.........................................
Mr Benjamin David Shamash
Company secretary and director

 

Classic Desserts Topco Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 December 2021

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Inverdee
The Stell
Kirkcudbright
DG6 4TH

These financial statements were authorised for issue by the Board on 15 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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Classic Desserts Topco Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 December 2021

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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 2 (2020 - 2).

4

Investments

2021
£

2020
£

Investments in subsidiaries

624,000

624,000

Subsidiaries

£

Cost or valuation

At 1 January 2021

624,000

Provision

Carrying amount

At 31 December 2021

624,000

At 31 December 2020

624,000

5

Creditors

Creditors: amounts falling due within one year

2021
£

2020
£

Due within one year

Amounts owed to group undertakings and undertakings in which the company has a participating interest

472,670

522,670

Taxation and social security

249

-

472,919

522,670