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REGISTERED NUMBER: 08551069 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 December 2022

for

Distaff Lane Coffee Limited

Distaff Lane Coffee Limited (Registered number: 08551069)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Distaff Lane Coffee Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: G A Brisk
T J C Evans
S G Burden
C Fishlock
C D Fishlock





REGISTERED OFFICE: The Wren, St Nicholas Cole Abbey
114 Queen Victoria Street
London
EC4V 4BJ





REGISTERED NUMBER: 08551069 (England and Wales)





ACCOUNTANTS: Garside and Co. Limited
Suite 631, Linen Hall
162-168 Regent Street
London
W1B 5TG

Distaff Lane Coffee Limited (Registered number: 08551069)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £   
FIXED ASSETS
Tangible assets 4 11,358 10,713

CURRENT ASSETS
Stocks 5 2,470 2,470
Debtors 6 180 90
Cash at bank and in hand 8,603 6,664
11,253 9,224
CREDITORS
Amounts falling due within one year 7 (28,331 ) (12,811 )
NET CURRENT LIABILITIES (17,078 ) (3,587 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,720

)

7,126

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (5,722 ) 7,124
(5,720 ) 7,126

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Distaff Lane Coffee Limited (Registered number: 08551069)

Balance Sheet - continued
31 December 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 28 September 2023 and were signed on its behalf by:





T J C Evans - Director


Distaff Lane Coffee Limited (Registered number: 08551069)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Distaff Lane Coffee Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared on the going concern basis.

The financial statements are prepared in pound sterling, which is the functional currency of the entity.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life, as follows:

Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the income statement.

Government grants
Government grants relating to costs are deferred and recognised in the income statement over the period necessary to match them with the costs that they are intended to compensate.
Government grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the company with no future related costs, are recognised in the income statement in the period in which they become receivable.
Payments received by the company are included as 'Other income' in the calculation of the entity's profits for corporation tax purposes in accordance with normal principles.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Distaff Lane Coffee Limited (Registered number: 08551069)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other receivables and payables, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institution, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other payables, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Taxation
Taxation 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 taxation 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Distaff Lane Coffee Limited (Registered number: 08551069)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2022 21,097 35,094 818 57,009
Additions 2,983 - - 2,983
At 31 December 2022 24,080 35,094 818 59,992
DEPRECIATION
At 1 January 2022 16,064 29,414 818 46,296
Charge for year 1,202 1,136 - 2,338
At 31 December 2022 17,266 30,550 818 48,634
NET BOOK VALUE
At 31 December 2022 6,814 4,544 - 11,358
At 31 December 2021 5,033 5,680 - 10,713

5. STOCKS
31.12.22 31.12.21
£    £   
Stocks 2,470 2,470

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 180 90

Distaff Lane Coffee Limited (Registered number: 08551069)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade creditors 12,638 2,106
Social security and other taxes (153 ) (363 )
Pension payable 186 60
VAT 5,340 683
Other creditors 7,625 7,625
Accrued expenses 2,695 2,700
28,331 12,811

8. RELATED PARTY DISCLOSURES

The company is a wholly-owned subsidiary of The St Nicholas Cole Abbey Centre for Workplace Ministry Limited, a private company limited by guarantee and incorporated charity in England and Wales, company registration number 07780681 and registered charity number 1147429.

During the year, the company made donations in kind of coffee and cakes to The St Nicholas Cole Abbey Centre for Workplace Ministry Limited, for 1-2-1 bible reading and staff lunches amounting to £1,875 (2021: £1,418).

At the year ended 31 December 2022 an interest free loan £7,625 (2021: £20,072 written off) due to the Parent company was outstanding.