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REGISTERED NUMBER: 10448886 (England and Wales)























Unaudited Financial Statements

for the Period 1 December 2022 to 31 May 2023

for

Kuckoo Ops Knutsford Limited

Kuckoo Ops Knutsford Limited (Registered number: 10448886)

Contents of the Financial Statements
for the Period 1 December 2022 to 31 May 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Kuckoo Ops Knutsford Limited

Company Information
for the Period 1 December 2022 to 31 May 2023







DIRECTORS: Mr C Powell
Mr R De Araujo
Mrs J Osborn
Mr R A Powell





REGISTERED OFFICE: 16 - 17 Fox Street
Preston
Lancs
PR1 2AB





REGISTERED NUMBER: 10448886 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

Kuckoo Ops Knutsford Limited (Registered number: 10448886)

Statement of Financial Position
31 May 2023

31.5.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 174,857 187,915

CURRENT ASSETS
Stocks 5 13,033 17,604
Debtors 6 9,277 19,309
Cash at bank and in hand 5,110 8,102
27,420 45,015
CREDITORS
Amounts falling due within one year 7 194,455 208,767
NET CURRENT LIABILITIES (167,035 ) (163,752 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,822

24,163

CREDITORS
Amounts falling due after more than one
year

8

(55,834

)

(70,528

)

PROVISIONS FOR LIABILITIES (9,269 ) (9,470 )
NET LIABILITIES (57,281 ) (55,835 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings (57,381 ) (55,935 )
SHAREHOLDERS' FUNDS (57,281 ) (55,835 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2023 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.

Kuckoo Ops Knutsford Limited (Registered number: 10448886)

Statement of Financial Position - continued
31 May 2023


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 21 November 2023 and were signed on its behalf by:





Mr R A Powell - Director


Kuckoo Ops Knutsford Limited (Registered number: 10448886)

Notes to the Financial Statements
for the Period 1 December 2022 to 31 May 2023


1. STATUTORY INFORMATION

Kuckoo Ops Knutsford 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 principal place of business is 21 Princess Street, Knutsford, Cheshire WA16 6BW

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.

Preparation of consolidated financial statements
The financial statements contain information about Kuckoo Ops Knutsford Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 20% on cost
Improvements to property - in accordance with the property lease
Bar Equipment - 10% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 20% on cost

Stocks
Stocks 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 period 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 statement of financial position date.


Kuckoo Ops Knutsford Limited (Registered number: 10448886)

Notes to the Financial Statements - continued
for the Period 1 December 2022 to 31 May 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 statement of financial position 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 period 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 period was 6 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Long to Bar
leasehold property Equipment
£    £    £   
COST
At 1 December 2022
and 31 May 2023 6,226 211,268 13,185
DEPRECIATION
At 1 December 2022 6,226 73,198 5,935
Charge for period - 8,122 657
At 31 May 2023 6,226 81,320 6,592
NET BOOK VALUE
At 31 May 2023 - 129,948 6,593
At 30 November 2022 - 138,070 7,250

Kuckoo Ops Knutsford Limited (Registered number: 10448886)

Notes to the Financial Statements - continued
for the Period 1 December 2022 to 31 May 2023


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2022
and 31 May 2023 84,799 1,058 316,536
DEPRECIATION
At 1 December 2022 42,611 651 128,621
Charge for period 4,228 51 13,058
At 31 May 2023 46,839 702 141,679
NET BOOK VALUE
At 31 May 2023 37,960 356 174,857
At 30 November 2022 42,188 407 187,915

5. STOCKS
31.5.23 30.11.22
£    £   
Stocks 13,033 17,604

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 30.11.22
£    £   
Other debtors 9,277 19,309

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 30.11.22
£    £   
Bank loans and overdrafts 5,556 5,556
Trade creditors 8,257 27,862
Taxation and social security 10,222 1,180
Other creditors 170,420 174,169
194,455 208,767

Kuckoo Ops Knutsford Limited (Registered number: 10448886)

Notes to the Financial Statements - continued
for the Period 1 December 2022 to 31 May 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 30.11.22
£    £   
Bank loans 33,334 36,112
Other creditors 22,500 34,416
55,834 70,528

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,111 13,889
Other loans more 5yrs instal 9,167 10,833
20,278 24,722

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.23 30.11.22
£    £   
Within one year 27,500 27,500
Between one and five years 75,625 89,375
103,125 116,875

10. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 30.11.22
£    £   
Bank loans 38,890 41,668

The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from National Westminster Bank PLC in the year.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 30.11.22
value: £    £   
100 Ordinary £1 100 100

Kuckoo Ops Knutsford Limited (Registered number: 10448886)

Notes to the Financial Statements - continued
for the Period 1 December 2022 to 31 May 2023


12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At the period end date the company had loans outstanding totalling £30,688 to a partnership with common control. £25,833 of this loan was at arms length commercial terms with the remaining £4,855 interest free and repayable on demand.

Also at the period end date the company owed loans £128,917 to individuals with a shareholder interest and their associated companies on arms length commercial terms. The interest charged for the period was £3,750.

13. ULTIMATE CONTROLLING PARTY

The controlling party is Kuckoo Brands Limited.

The ultimate controlling party is Kuckoo Holdings Limited.