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REGISTERED NUMBER: 10167033 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 May 2021

for

Chocolate Brownies (Southern) Limited

Chocolate Brownies (Southern) Limited (Registered number: 10167033)






Contents of the Financial Statements
for the Year Ended 31 May 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chocolate Brownies (Southern) Limited

Company Information
for the Year Ended 31 May 2021







DIRECTOR: Q A Rehman





REGISTERED OFFICE: Airport House
Suite 43 - 45
Croydon
Surrey
CR0 0XZ





REGISTERED NUMBER: 10167033 (England and Wales)





ACCOUNTANTS: Ledger Sparks Ltd
Airport House
Suite 43-45 Purley Way
Croydon
Surrey
CR0 0XZ

Chocolate Brownies (Southern) Limited (Registered number: 10167033)

Balance Sheet
31 May 2021

2021 2020
Notes £    £   
FIXED ASSETS
Tangible assets 4 62,471 77,068

CURRENT ASSETS
Stocks 3,200 3,200
Debtors 5 60,707 20,403
Cash at bank and in hand 156,944 629
220,851 24,232
CREDITORS
Amounts falling due within one year 6 (136,254 ) (40,747 )
NET CURRENT ASSETS/(LIABILITIES) 84,597 (16,515 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

147,068

60,553

CREDITORS
Amounts falling due after more than one year 7 (48,432 ) -

PROVISIONS FOR LIABILITIES 9 (11,870 ) (14,643 )
NET ASSETS 86,766 45,910

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10 86,666 45,810
86,766 45,910

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Chocolate Brownies (Southern) Limited (Registered number: 10167033)

Balance Sheet - continued
31 May 2021


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 March 2024 and were signed by:





Q A Rehman - Director


Chocolate Brownies (Southern) Limited (Registered number: 10167033)

Notes to the Financial Statements
for the Year Ended 31 May 2021

1. STATUTORY INFORMATION

Chocolate Brownies (Southern) 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 (£).


The Company's principal activity continues to be that of the running restaurants and operation of ice cream cafes.

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 represents net invoiced sales of restaurants including food and beverages and both dine-in and delivery sales from retail sales all excluding value added tax.

Revenue from restaurant sales is recognised when the goods or services have been delivered to the customer. Revenue is recognised net of discounts provided.

TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold10% Straight Line
Plant and machinery20% Reducing Balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

FINANCIAL INSTRUMENTS
The company only enters into basic financial instrument transactions that results in the recognition of financial asset and liability such as trade and other debtors and creditors, loan from bank and other third parties, loan to related parties and investments in non puttable ordinary shares.

TAXATION
The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.


Chocolate Brownies (Southern) Limited (Registered number: 10167033)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2021

2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

LEASING COMMITMENTS
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

PENSION
DEFINED CONTRIBUTION PENSION PLAN
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the statement of income and retained earning when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

GOING CONCERN
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

PROVISION FOR LIABILITIES
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Statement of income and retained earning in the year that the company becomes aware of the obligation, and are measured at the best estimates at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2020 - 12 ) .

Chocolate Brownies (Southern) Limited (Registered number: 10167033)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2021

4. TANGIBLE FIXED ASSETS
Short Plant and
leasehold machinery Totals
£    £    £   
COST
At 1 June 2020
and 31 May 2021 13,998 149,043 163,041
DEPRECIATION
At 1 June 2020 2,917 83,056 85,973
Charge for year 1,400 13,197 14,597
At 31 May 2021 4,317 96,253 100,570
NET BOOK VALUE
At 31 May 2021 9,681 52,790 62,471
At 31 May 2020 11,081 65,987 77,068

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 27,104 -
Other debtors 33,603 20,403
60,707 20,403

The directors consider the carrying value of trade and other receivables approximate to their fair value.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 1,568 -
Trade creditors 38,921 19,845
Taxation and social security 28,160 19,199
Other creditors 67,605 1,703
136,254 40,747

The directors consider the carrying amounts of current liabilities approximate to their fair values.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loans 48,432 -

Chocolate Brownies (Southern) Limited (Registered number: 10167033)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2021

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2021 2020
£    £   
Within one year - 40,000

9. PROVISIONS FOR LIABILITIES
2021 2020
£    £   
Deferred tax 11,870 14,643

Deferred
tax
£   
Balance at 1 June 2020 14,643
Provided during year (2,773 )
Balance at 31 May 2021 11,870

10. RESERVES

PROFIT AND LOSS RESERVES

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders.

11. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions payable by the company to the fund and amounted to £570 (2020 - £550).

Contributions totalling £318 (2020 - £203) were payable to fund at the balance sheet date and are included in creditors.

Chocolate Brownies (Southern) Limited (Registered number: 10167033)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2021

12. RELATED PARTY DISCLOSURES

At the balance sheet date, included in other creditors, are amounts due from the directors of £644 (2020 - Nil).

Kaspas Investments Ltd is a company which is controlled by the director of Chocolate Brownies (Southern) Limited.

Included in Trade creditors of £6,896 (2020 - £2,644) due to Kaspas Investments Ltd.

Included in Advertising of £4,954 (2020 - £9,136) made from Kaspas Investments Ltd.

Parent Company

Chocolate Brownies (Southern) Limited is a wholly owned subsidiary of Kaspas Distribution Limited registered at 73 Park Lane, Croydon, England, CR0 1JG.

Included in Trade creditors of Nil (2020 - £11,453) due to Kaspas Distribution Ltd.

Included in cost of sales are purchases of £21,585 (2020 - £32,674) and cleaning of £147 (2020 - £226) made from Kaspas Distribution Limited.