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REGISTERED NUMBER: 08346886 (England and Wales)














ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

POTTY PANCAKES LIMITED

POTTY PANCAKES LIMITED (REGISTERED NUMBER: 08346886)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


POTTY PANCAKES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: Mrs E David Harmanda





REGISTERED OFFICE: c/o Michael Filiou Ltd
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS





REGISTERED NUMBER: 08346886 (England and Wales)





ACCOUNTANTS: Michael Filiou Ltd
Chartered Certified Accountants
www.michaelfiliou.com
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS

POTTY PANCAKES LIMITED (REGISTERED NUMBER: 08346886)

ABRIDGED BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 80,517 69,662
Investments 5 1,500 -
82,017 69,662

CURRENT ASSETS
Inventories 16,892 17,465
Debtors 211,133 178,572
Cash at bank and in hand 46,894 142,416
274,919 338,453
CREDITORS
Amounts falling due within one year 44,960 59,946
NET CURRENT ASSETS 229,959 278,507
TOTAL ASSETS LESS CURRENT
LIABILITIES

311,976

348,169

CREDITORS
Amounts falling due after more than one year (25,025 ) (45,025 )

PROVISIONS FOR LIABILITIES 6 (11,929 ) (7,222 )
NET ASSETS 275,022 295,922

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 274,022 294,922
SHAREHOLDERS' FUNDS 275,022 295,922

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

POTTY PANCAKES LIMITED (REGISTERED NUMBER: 08346886)

ABRIDGED BALANCE SHEET - continued
31 JANUARY 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 September 2023 and were signed by:





Mrs E David Harmanda - Director


POTTY PANCAKES LIMITED (REGISTERED NUMBER: 08346886)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

Potty Pancakes 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Revenue 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures, fittings and equipment - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

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

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.


POTTY PANCAKES LIMITED (REGISTERED NUMBER: 08346886)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


2. ACCOUNTING POLICIES - continued
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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 20 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 February 2022 136,318
Additions 33,224
At 31 January 2023 169,542
DEPRECIATION
At 1 February 2022 66,656
Charge for year 22,369
At 31 January 2023 89,025
NET BOOK VALUE
At 31 January 2023 80,517
At 31 January 2022 69,662

POTTY PANCAKES LIMITED (REGISTERED NUMBER: 08346886)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
Additions 1,500
At 31 January 2023 1,500
NET BOOK VALUE
At 31 January 2023 1,500

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

Potty Pancakes (Cockfosters) Ltd
Registered office: C/O Michael Filiou Limited, Salisbury House, 81 High Street, Potters Bar, Hertfordshire, EN6 5AS
Nature of business: Restaurants
%
Class of shares: holding
Ordinary 50.00

During the year, the company acquired 50% of the issued share capital of Potty Pancakes (Cockfosters) Ltd.

6. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 11,929 7,222

Deferred
tax
£   
Balance at 1 February 2022 7,222
Provided during year 4,707
Balance at 31 January 2023 11,929

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Share capital 1 £1 1,000 1,000

POTTY PANCAKES LIMITED (REGISTERED NUMBER: 08346886)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


8. RELATED PARTY DISCLOSURES

Chris Harmanda Family Ltd
A Company in which Mrs E Harmanda is a director and shareholder.

During the year the company paid Chris Harmanda Family Ltd market value rent of £48,000 per annum in respect of the premises at 2 Barnet Road, Potters Bar, Herts. EN6 2QS.

At the balance sheet date the company was owed £172,555 (2022 £172,555) by Chris Harmanda Family Ltd.

This is an interest free short term loan advanced by the company to Chris Harmanda Family Ltd.

Potty Pancakes (Cockfosters) Ltd
A Company in which Mrs E Harmanda is a director and shareholder.

During the year the company paid expenses on Potty Pancakes (Cockfosters) Ltd's behalf of £30,681.

At the balance sheet date the Company was owed £30,681 by Potty Pancakes (Cockfosters) Ltd.

This is an interest free short term loan advanced by the company to Potty Pancakes (Cockfosters) Ltd.

9. ULTIMATE CONTROLLING PARTY

There is no single controlling party due to the company's share capital structure.