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REGISTERED NUMBER: 10337311 (England and Wales)























Unaudited Financial Statements

for the Period 1 December 2022 to 31 May 2023

for

Kuckoo Ops Leopold Limited

Kuckoo Ops Leopold Limited (Registered number: 10337311)

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 Leopold Limited

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







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





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





REGISTERED NUMBER: 10337311 (England and Wales)





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

Kuckoo Ops Leopold Limited (Registered number: 10337311)

Statement of Financial Position
31 May 2023

31.5.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 227,312 236,868

CURRENT ASSETS
Stocks 5 17,777 20,571
Debtors 6 56,085 55,128
Cash at bank and in hand 12,366 21,281
86,228 96,980
CREDITORS
Amounts falling due within one year 7 111,516 129,150
NET CURRENT LIABILITIES (25,288 ) (32,170 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

202,024

204,698

CREDITORS
Amounts falling due after more than one
year

8

(190,914

)

(188,714

)

PROVISIONS FOR LIABILITIES (18,052 ) (18,601 )
NET LIABILITIES (6,942 ) (2,617 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (7,042 ) (2,717 )
SHAREHOLDERS' FUNDS (6,942 ) (2,617 )

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 Leopold Limited (Registered number: 10337311)

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 Leopold Limited (Registered number: 10337311)

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


1. STATUTORY INFORMATION

Kuckoo Ops Leopold 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 Leopold Square, Orchard Lane, Sheffield S1 2JG.

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 Leopold 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 - 5% 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 Leopold Limited (Registered number: 10337311)

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 10 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Long to Bar
leasehold property Equipment
£    £    £   
COST
At 1 December 2022
and 31 May 2023 22,213 196,905 31,507
DEPRECIATION
At 1 December 2022 22,213 57,936 16,819
Charge for period - 4,963 1,571
At 31 May 2023 22,213 62,899 18,390
NET BOOK VALUE
At 31 May 2023 - 134,006 13,117
At 30 November 2022 - 138,969 14,688

Kuckoo Ops Leopold Limited (Registered number: 10337311)

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 117,688 1,480 369,793
DEPRECIATION
At 1 December 2022 35,099 858 132,925
Charge for period 2,934 88 9,556
At 31 May 2023 38,033 946 142,481
NET BOOK VALUE
At 31 May 2023 79,655 534 227,312
At 30 November 2022 82,589 622 236,868

5. STOCKS
31.5.23 30.11.22
£    £   
Stocks 17,777 20,571

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 30.11.22
£    £   
Other debtors 56,085 55,128

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 30.11.22
£    £   
Trade creditors 43,177 51,282
Taxation and social security 13,124 17,572
Other creditors 55,215 60,296
111,516 129,150

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 30.11.22
£    £   
Other creditors 190,914 188,714

Kuckoo Ops Leopold Limited (Registered number: 10337311)

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


9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.23 30.11.22
£    £   
Within one year 75,000 75,000
Between one and five years 193,750 231,250
268,750 306,250

10. CALLED UP SHARE CAPITAL

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

11. 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 year end date the company owed bonds of £20,000 to an individual with a shareholder interest and their associated companies on arms length commercial terms. The interest charged for the accounting year was £900.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Kuckoo Brands Limited.

The ultimate controlling party is Kuckoo Holdings Limited.