Jealous Sweets Limited (formerly Grosvenor Castle Limited) Filleted Accounts Cover |
Company No. 07379225 | |||||||||
Jealous Sweets Limited (formerly Grosvenor Castle Limited) Directors Report Registrar |
The Directors present their report and the accounts for the year ended 31 December 2022. | |||||||||
Principal activities | |||||||||
Change of name | |||||||||
The company name changed from Grosvenor Castle Limited to Jealous Sweets Limited on 21st June 2023. | |||||||||
Directors | |||||||||
The Directors who served at any time during the year were as follows: | |||||||||
S. Ahuja | |||||||||
T. Basunia | |||||||||
T. Basunia | |||||||||
I. Merza | |||||||||
N. Saperia | |||||||||
Signed on behalf of the board | |||||||||
T. Basunia | |||||||||
Director | |||||||||
28 September 2023 |
Jealous Sweets Limited (formerly Grosvenor Castle Limited) Balance Sheet Registrar |
at | ||||||||||
Company No. | Notes | 2022 | 2021 | |||||||
£ | £ | |||||||||
Fixed assets | ||||||||||
Intangible assets | 4 | |||||||||
Tangible assets | 5 | |||||||||
Current assets | ||||||||||
Stocks | 6 | |||||||||
Debtors | 7 | |||||||||
Cash at bank and in hand | ||||||||||
Creditors: Amount falling due within one year | 8 | ( | ( | |||||||
Net current (liabilities)/assets | ( | |||||||||
Total assets less current liabilities | ( | |||||||||
Creditors: Amounts falling due after more than one year | 9 | ( | ( | |||||||
Net liabilities | ( | ( | ||||||||
Capital and reserves | ||||||||||
Called up share capital | ||||||||||
Share premium account | 10 | |||||||||
Profit and loss account | 10 | ( | ( | |||||||
Total equity | ( | ( | ||||||||
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on 28 September 2023 | ||||||||||
And signed on its behalf by: | ||||||||||
T. Basunia | ||||||||||
Director | ||||||||||
28 September 2023 |
Jealous Sweets Limited (formerly Grosvenor Castle Limited) Notes to the Accounts Registrar |
for the year ended 31 December 2022 | ||||||||||||||
1 | General information | |||||||||||||
Its registered number is: 07379225 | ||||||||||||||
Its registered office is: | ||||||||||||||
Going concern | ||||||||||||||
2 | Accounting policies | |||||||||||||
Turnover | ||||||||||||||
Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. | ||||||||||||||
Intangible fixed assets | ||||||||||||||
Tangible fixed assets and depreciation | ||||||||||||||
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. | ||||||||||||||
Plant and machinery | ||||||||||||||
Furniture, fittings and equipment | ||||||||||||||
Stocks | ||||||||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs. Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses. | ||||||||||||||
Trade and other debtors | ||||||||||||||
Trade and other creditors | ||||||||||||||
3 | Employees | |||||||||||||
2022 | 2021 | |||||||||||||
Number | Number | |||||||||||||
The average monthly number of employees (including directors) during the year was: | ||||||||||||||
4 | Intangible fixed assets | |||||||||||||
Other | Total | |||||||||||||
£ | £ | |||||||||||||
Cost | ||||||||||||||
At 1 January 2022 | ||||||||||||||
At 31 December 2022 | ||||||||||||||
Amortisation and impairment | ||||||||||||||
Net book values | ||||||||||||||
At 31 December 2022 | ||||||||||||||
At 31 December 2021 | ||||||||||||||
5 | Tangible fixed assets | |||||||||||||
Plant and machinery | Fixtures, fittings and equipment | Total | ||||||||||||
£ | £ | £ | ||||||||||||
Cost or revaluation | ||||||||||||||
At 1 January 2022 | ||||||||||||||
Disposals | ( | ( | ||||||||||||
At 31 December 2022 | ||||||||||||||
Depreciation | ||||||||||||||
At 1 January 2022 | ||||||||||||||
Charge for the year | ||||||||||||||
At 31 December 2022 | ||||||||||||||
Net book values | ||||||||||||||
At 31 December 2022 | ||||||||||||||
At 31 December 2021 | 3,995 | 77 | ||||||||||||
6 | Stocks | |||||||||||||
2022 | 2021 | |||||||||||||
£ | £ | |||||||||||||
Finished goods | ||||||||||||||
7 | Debtors | |||||||||||||
2022 | 2021 | |||||||||||||
£ | £ | |||||||||||||
Trade debtors | ||||||||||||||
Other debtors | ||||||||||||||
Prepayments and accrued income | ||||||||||||||
8 | Creditors: | |||||||||||||
amounts falling due within one year | ||||||||||||||
2022 | 2021 | |||||||||||||
£ | £ | |||||||||||||
Bank loans and overdrafts | ||||||||||||||
Trade creditors | ||||||||||||||
Taxes and social security | ||||||||||||||
Other creditors | ||||||||||||||
Accruals and deferred income | ||||||||||||||
9 | Creditors: | |||||||||||||
amounts falling due after more than one year | ||||||||||||||
2022 | 2021 | |||||||||||||
£ | £ | |||||||||||||
Bank loans and overdrafts | ||||||||||||||
Other creditors | ||||||||||||||
10 | Reserves | |||||||||||||
11 | Post balance sheet events | |||||||||||||
As at the date of accounts signatory the company has raised an additional £461,330 of equity following a share issue of 12,815 A Ordinary shares (at £36 per share) to support the growth plans of the business for rebranding, improvements in the supply chain to increase margin and for working capital. As per the August 2023 management accounts the Company has positive net assets of £132,014 and positive net current assets of £139,514. Further equity funding has been pledged in October 2023. | ||||||||||||||