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COMPANY REGISTRATION NUMBER: 14049684
Food Paradise (London) Limited
Unaudited Financial Statements
30 April 2023
Food Paradise (London) Limited
Director's Report
Period from 15 April 2022 to 30 April 2023
The director presents his report and the unaudited financial statements of the company for the Period ended 30 April 2023 .
Principal activities
The principal activity of the company during the year was running of restaurants and cafes.
Director
The director who served the company during the Period was as follows:
K D Brou
(Appointed 15 April 2022)
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 25 September 2023 and signed on behalf of the board by:
K D Brou
Director
Registered office:
12 Fifield Path,
Bampton Road,
London
SE23 2AY
Food Paradise (London) Limited
Income Statement
Period from 15 April 2022 to 30 April 2023
Period from
15 Apr 22 to
30 Apr 23
Note
£
Turnover
4
6,490
Cost of sales
552
-------
Gross profit
5,938
Administrative expenses
4,386
-------
Operating profit
1,552
-------
Profit before taxation
1,552
Tax on profit
5
295
-------
Profit for the financial period
1,257
-------
All the activities of the company are from continuing operations.
The company has no other recognised items of income and expenses other than the results for the Period as set out above.
Food Paradise (London) Limited
Statement of Financial Position
30 April 2023
30 Apr 23
Note
£
Current assets
Cash at bank and in hand
2,554
Creditors: amounts falling due within one year
6
1,296
-------
Net current assets
1,258
-------
Total assets less current liabilities
1,258
-------
Food Paradise (London) Limited
Statement of Financial Position (continued)
30 April 2023
30 Apr 23
Note
£
Capital and reserves
Called up share capital
7
1
Profit and loss account
1,257
-------
Shareholders funds
1,258
-------
For the Period ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of directors and authorised for issue on 25 September 2023 , and are signed on behalf of the board by:
K D Brou
Director
Food Paradise (London) Limited
Statement of Cash Flows
Period from 15 April 2022 to 30 April 2023
30 Apr 23
£
Cash flows from operating activities
Profit for the financial period
1,257
Adjustments for:
Tax on profit
295
-------
Cash generated from operations
1,552
-------
Net cash from operating activities
1,552
-------
Cash flows from financing activities
Proceeds from issue of ordinary shares
1
Proceeds from borrowings
1,001
-------
Net cash from financing activities
1,002
-------
Net increase in cash and cash equivalents
2,554
Cash and cash equivalents at beginning of period
-------
Cash and cash equivalents at end of period
2,554
-------
Food Paradise (London) Limited
Notes to the Financial Statements
Period from 15 April 2022 to 30 April 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 12 Fifield Path,, Bampton Road,, London, SE23 2AY.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Turnover
Turnover arises from:
Period from
15 Apr 22 to
30 Apr 23
£
Sale of goods
6,490
-------
The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.
5. Tax on profit
Major components of tax expense
Period from
15 Apr 22 to
30 Apr 23
£
Current tax:
UK current tax expense
295
----
Tax on profit
295
----
Reconciliation of tax expense
The tax assessed on the profit on ordinary activities for the Period is the same as the standard rate of corporation tax in the UK of 0.19 %.
Period from
15 Apr 22 to
30 Apr 23
£
Profit on ordinary activities before taxation
1,552
-------
Profit on ordinary activities by rate of tax
295
-------
6. Creditors: amounts falling due within one year
30 Apr 23
£
Corporation tax
295
Director loan accounts
1,001
-------
1,296
-------
7. Called up share capital
Issued, called up and fully paid
30 Apr 23
No.
£
Ordinary shares of £ 1 each
1
1
----
----
8. Analysis of changes in net debt
At 15 Apr 2022
Cash flows
At 30 Apr 2023
£
£
£
Cash at bank and in hand
2,554
2,554
Debt due within one year
(1,001)
(1,001)
----
-------
-------
1,553
1,553
----
-------
-------
9. Director's advances, credits and guarantees
During the Period the director entered into the following advances and credits with the company:
30 Apr 23
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
K D Brou
( 1,001)
( 1,001)
----
-------
-------