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REGISTERED NUMBER: SC559996 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

LITTLE CHELSEA HOLDINGS (ABERDEEN)
LIMITED

LITTLE CHELSEA HOLDINGS (ABERDEEN)
LIMITED (REGISTERED NUMBER: SC559996)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 7

LITTLE CHELSEA HOLDINGS (ABERDEEN)
LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTOR: Ms J Forbes





SECRETARY: Brodies Secretarial Services Limited





REGISTERED OFFICE: Brodies House
31-33 Union Grove
Aberdeen
Scotland
AB10 6SD





REGISTERED NUMBER: SC559996 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

LITTLE CHELSEA HOLDINGS (ABERDEEN)
LIMITED (REGISTERED NUMBER: SC559996)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 132,985 164,174

CURRENT ASSETS
Stocks 3,290 3,290
Debtors 6 21,072 17,502
Cash at bank and in hand 46,236 50,706
70,598 71,498
CREDITORS
Amounts falling due within one year 7 184,434 235,150
NET CURRENT LIABILITIES (113,836 ) (163,652 )
TOTAL ASSETS LESS CURRENT LIABILITIES 19,149 522

CREDITORS
Amounts falling due after more than one year 8 (34,260 ) (39,816 )

PROVISIONS FOR LIABILITIES (24,826 ) -
NET LIABILITIES (39,937 ) (39,294 )

RESERVES
Retained earnings (39,937 ) (39,294 )
SHAREHOLDERS' FUNDS (39,937 ) (39,294 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 director and authorised for issue on 29 November 2023 and were signed by:





Ms J L Forbes - Director


LITTLE CHELSEA HOLDINGS (ABERDEEN)
LIMITED (REGISTERED NUMBER: SC559996)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Little Chelsea Holdings (Aberdeen) Limited is a private company, limited by shares , registered in Scotland. 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.

Going concern
The financial statements have been prepared on a going concern basis which assumes the company will continue trading for a period of no less than 12 months from the date of this report.

The director acknowledges the negative balance sheet position and has given assurance that they will continue to support the company by making funds available in order for it to meet it's obligations as they fall due.

Turnover
Turnover is stated net of VAT and discounts. Turnover from the sale of food and alcohol is recognised upon a bill being raised to the customer.

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 - 10% on cost
Plant and machinery - 33% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 33% on cost
Computer equipment - 33% on cost

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

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

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets which include trade & other debtors, cash and bank balances are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities which include trade and other creditors are recognised at transaction price including transaction cost.


LITTLE CHELSEA HOLDINGS (ABERDEEN)
LIMITED (REGISTERED NUMBER: SC559996)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

5. TANGIBLE FIXED ASSETS
Improvements
Long to Plant and
leasehold property machinery
£    £    £   
COST
At 1 April 2022 3,404 262,261 2,753
Additions - - 427
At 31 March 2023 3,404 262,261 3,180
DEPRECIATION
At 1 April 2022 1,617 122,250 1,664
Charge for year 340 26,226 698
At 31 March 2023 1,957 148,476 2,362
NET BOOK VALUE
At 31 March 2023 1,447 113,785 818
At 31 March 2022 1,787 140,011 1,089

LITTLE CHELSEA HOLDINGS (ABERDEEN)
LIMITED (REGISTERED NUMBER: SC559996)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 36,723 1,054 9,865 316,060
Additions - - - 427
At 31 March 2023 36,723 1,054 9,865 316,487
DEPRECIATION
At 1 April 2022 16,683 696 8,976 151,886
Charge for year 3,672 351 329 31,616
At 31 March 2023 20,355 1,047 9,305 183,502
NET BOOK VALUE
At 31 March 2023 16,368 7 560 132,985
At 31 March 2022 20,040 358 889 164,174

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 480 174
Amounts owed by associates 11,201 8,399
Other debtors 397 -
Prepayments 8,994 8,929
21,072 17,502

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,556 5,556
Other loans 90,000 90,000
Trade creditors 34,938 21,566
Amounts owed to associates 24,109 95,300
Tax 7,819 -
Social security and other taxes 3,068 3,776
VAT 11,914 7,014
Other creditors 1,651 1,149
Deferred income - 6,910
Accrued expenses 5,379 3,879
184,434 235,150

LITTLE CHELSEA HOLDINGS (ABERDEEN)
LIMITED (REGISTERED NUMBER: SC559996)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 5,556 5,556
Bank loans - 2-5 years 16,667 16,667
Bank loans more 5 yr by instal 12,037 17,593
34,260 39,816

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,037 17,593

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 25,000 25,000

10. RELATED PARTY DISCLOSURES

Grape & Grain Glasgow Limited is a company under common control of the director.
During the year, the company paid expenses on behalf of Grape & Grain Glasgow Limited of £1,685 (2022: £1,253). As at the year end, Grape & Grain Glasgow Limited owed a balance of £5,472 (2022: £3,787) to the company in respect of these expenses.

Grape & Grain Edinburgh Limited is a company under common control of the director.
During the year, the company paid expenses on behalf of Grape & Grain Edinburgh Limited of £432 (2022: £895). As at the year end, Grape & Grain Edinburgh Limited owed a balance of £2,738 (2022: £2,306) to the company in respect of these expenses.

Grape & Grain Scotland Limited is a company under common control of the director.
During the year, the company paid expenses on behalf of Grape & Grain Scotland Limited of £685 (2022: £895). As at the year end, Grape & Grain Scotland Limited owed a balance of £2,991 (2022: £2,306) to the company in respect of these expenses.

PCL Group Limited is a company under common control of the director.
During the year, the company made net loan repayments to PCL Group Limited of £63,300 (2022: £55,611). As at the year end, the company was due £24,109 (2022: £95,300) to PCL Group Limited in respect of these loans.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms J L Forbes.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LITTLE CHELSEA HOLDINGS (ABERDEEN)
LIMITED (REGISTERED NUMBER: SC559996)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Little Chelsea Holdings (Aberdeen) Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Little Chelsea Holdings (Aberdeen) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Little Chelsea Holdings (Aberdeen) Limited and state those matters that we have agreed to state to the director of Little Chelsea Holdings (Aberdeen) Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Little Chelsea Holdings (Aberdeen) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Little Chelsea Holdings (Aberdeen) Limited. You consider that Little Chelsea Holdings (Aberdeen) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Little Chelsea Holdings (Aberdeen) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


29 November 2023