Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences.2023-01-01falseice cream parlour33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09359481 2023-01-01 2023-12-31 09359481 2022-01-01 2022-12-31 09359481 2023-12-31 09359481 2022-12-31 09359481 c:Director1 2023-01-01 2023-12-31 09359481 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 09359481 d:Buildings d:LongLeaseholdAssets 2023-12-31 09359481 d:Buildings d:LongLeaseholdAssets 2022-12-31 09359481 d:FurnitureFittings 2023-01-01 2023-12-31 09359481 d:FurnitureFittings 2023-12-31 09359481 d:FurnitureFittings 2022-12-31 09359481 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09359481 d:OfficeEquipment 2023-01-01 2023-12-31 09359481 d:OfficeEquipment 2023-12-31 09359481 d:OfficeEquipment 2022-12-31 09359481 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09359481 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09359481 d:CurrentFinancialInstruments 2023-12-31 09359481 d:CurrentFinancialInstruments 2022-12-31 09359481 d:Non-currentFinancialInstruments 2023-12-31 09359481 d:Non-currentFinancialInstruments 2022-12-31 09359481 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09359481 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09359481 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09359481 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 09359481 d:ShareCapital 2023-12-31 09359481 d:ShareCapital 2022-12-31 09359481 d:RetainedEarningsAccumulatedLosses 2023-12-31 09359481 d:RetainedEarningsAccumulatedLosses 2022-12-31 09359481 c:OrdinaryShareClass1 2023-01-01 2023-12-31 09359481 c:OrdinaryShareClass1 2023-12-31 09359481 c:OrdinaryShareClass1 2022-12-31 09359481 c:FRS102 2023-01-01 2023-12-31 09359481 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09359481 c:FullAccounts 2023-01-01 2023-12-31 09359481 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09359481














HCP GELATI LIMITED
T/A AMORINO
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
HCP GELATI LIMITED
 
T/A AMORINO
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 8


 
HCP GELATI LIMITED
  
T/A AMORINO
REGISTERED NUMBER:09359481

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
1,575,666
834,632

Current assets
  

Stocks
  
136,437
96,694

Debtors: amounts falling due after more than one year
 5 
353,080
257,980

Debtors: amounts falling due within one year
 5 
285,496
276,127

Cash at bank and in hand
  
1,014,191
1,078,628

  
1,789,204
1,709,429

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(884,518)
(682,521)

Net current assets
  
 
 
904,686
 
 
1,026,908

Total assets less current liabilities
  
2,480,352
1,861,540

Creditors: amounts falling due after more than one year
 7 
(1,505,585)
(1,519,511)

Net assets
  
974,767
342,029


Capital and reserves
  

Called up share capital 
 8 
5,000
5,000

Profit and loss account
  
969,767
337,029

  
974,767
342,029


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
HCP GELATI LIMITED
  
T/A AMORINO
REGISTERED NUMBER:09359481
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 March 2024.

H Attali
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
HCP GELATI LIMITED
 
T/A AMORINO
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

HCP Gelati Limited is a private limited liability company incorporated in England and Wales, with its registered office at 67A Kings Road, London, SW3 4NT.
The principal activity of the Company is the operation of ice cream parlours.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the Company in respect of goods and services supplied during the year, exclusive of Value Added Tax.
Revenue from the sale of products is recognised at the point of sale. Revenue from the provision of services is recognised in the period in which the service is provided.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
over the period of lease
Fixtures and fittings
-
10% straight line
Office equipment
-
20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stocks

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

Page 3

 
HCP GELATI LIMITED
 
T/A AMORINO
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Debtors

Short term debtors are measured at the transaction price, less any impairment. 

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

 
2.7

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.10

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ Sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Comprehensive Income.

Page 4

 
HCP GELATI LIMITED
 
T/A AMORINO
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Comprehensive Income on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.12

Taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
 
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences.

 
2.13

Borrowing costs

All borrowing costs are recognised in the Statement of Comprehensive Income in the year in which they are incurred.


3.


Employees

All staff are employed by a related party company and their salaries are recharged at cost.


Page 5

 
HCP GELATI LIMITED
 
T/A AMORINO
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Long-term leasehold property
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost


At 1 January 2023
878,158
1,036,809
75,234
1,990,201


Additions
409,520
627,961
8,984
1,046,465



At 31 December 2023

1,287,678
1,664,770
84,218
3,036,666



Depreciation


At 1 January 2023
455,744
663,963
35,862
1,155,569


Charge for the year on owned assets
119,699
179,096
6,636
305,431



At 31 December 2023

575,443
843,059
42,498
1,461,000



Net book value



At 31 December 2023
712,235
821,711
41,720
1,575,666



At 31 December 2022
422,414
372,846
39,372
834,632

Page 6

 
HCP GELATI LIMITED
 
T/A AMORINO
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
353,080
257,980


2023
2022
£
£

Due within one year

Trade debtors
31,571
26,946

Amounts owed by associates
1,317
74

Other debtors
24,153
1,344

Prepayments and accrued income
228,455
247,763

285,496
276,127



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
40,000
40,000

Trade creditors
427,997
324,634

Taxation and social security
25,414
49,712

Other creditors
601
71,005

Accruals and deferred income
390,506
197,170

884,518
682,521


The Company's bank facilities are secured by a fixed and floating charge the assets of the Company.


7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
56,667
96,667

Other loans
1,448,918
1,422,844

1,505,585
1,519,511


The Company's bank facilities are secured by a fixed and floating charge the assets of the Company.

Page 7

 
HCP GELATI LIMITED
 
T/A AMORINO
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



5,000 (2022 - 5,000) Ordinary shares of £1 each
5,000
5,000


 
Page 8