Company registration number 09692318 (England and Wales)
ALIMEL NORTH WEST LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
PAGES FOR FILING WITH REGISTRAR
ALIMEL NORTH WEST LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
ALIMEL NORTH WEST LIMITED
BALANCE SHEET
AS AT
31 JULY 2023
31 July 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
4
-
0
380,033
Current assets
Debtors
5
24,037
267,758
Cash at bank and in hand
7,718
7,839
31,755
275,597
Creditors: amounts falling due within one year
6
(778,602)
(762,778)
Net current liabilities
(746,847)
(487,181)
Net liabilities
(746,847)
(107,148)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(746,848)
(107,149)
Total equity
(746,847)
(107,148)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 24 April 2024
Mr K  Eris
Director
Company registration number 09692318 (England and Wales)
ALIMEL NORTH WEST LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023
31 July 2023
- 2 -
1
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2
Accounting policies
Company information

Alimel North West Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2 Hilliards Court, Chester Business Park, Chester, Cheshire, CH4 9PX.

2.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

2.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

2.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

ALIMEL NORTH WEST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
2
Accounting policies
(Continued)
- 3 -
2.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2.5
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

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.

2.6
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
4
Fixed asset investments
2023
2022
£
£
Other investments other than loans
-
0
380,033

The investment is a 22.1% share in Chiqueolatte Holding BV (formerly Col Café BV) a private limited company with a registered office of Van Voustraat 158, 1073 LW, Amsterdam, The Netherlands. The investment carries franchise rights to open a number of Chiqueolatte cafes within a limited time frame which has now expired which is reflected in the revaluation of the investment.

ALIMEL NORTH WEST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
4
Fixed asset investments
(Continued)
- 4 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 August 2022
380,033
Valuation changes
(380,033)
At 31 July 2023
-
Carrying amount
At 31 July 2023
-
At 31 July 2022
380,033
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Corporation tax recoverable
23,519
37,021
Other debtors
518
244,239
24,037
281,260
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
3,127
2,113
Other creditors
775,475
760,665
778,602
762,778
7
Financial commitments, guarantees and contingent liabilities

A charge of 100,000 euros will be incurred in January 2024 if a required number of Chiquolatte units covered by the franchise agreement referred to above are not fully operational by that date, No provision has been made in these financial statements as the management do not consider that this scenario will arise.

8
Related party transactions

Included in other creditors is an amount of £600,000 due to an associated overseas company which is controlled by Mr K Eris and as director he continues to support the ongoing operations of Alimel North West Limited.

An amount of £83,888 due from Chiqueolatte Holdings BV in which the company has a participating interest as per note above has been written off during the year.

2023-07-312022-08-01false24 April 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityMr K Erisfalsefalse096923182022-08-012023-07-31096923182023-07-31096923182022-07-3109692318core:CurrentFinancialInstrumentscore:WithinOneYear2023-07-3109692318core:CurrentFinancialInstrumentscore:WithinOneYear2022-07-3109692318core:CurrentFinancialInstruments2023-07-3109692318core:CurrentFinancialInstruments2022-07-3109692318core:ShareCapital2023-07-3109692318core:ShareCapital2022-07-3109692318core:RetainedEarningsAccumulatedLosses2023-07-3109692318core:RetainedEarningsAccumulatedLosses2022-07-3109692318bus:Director12022-08-012023-07-31096923182021-08-012022-07-3109692318core:WithinOneYear2023-07-3109692318core:WithinOneYear2022-07-3109692318bus:PrivateLimitedCompanyLtd2022-08-012023-07-3109692318bus:SmallCompaniesRegimeForAccounts2022-08-012023-07-3109692318bus:FRS1022022-08-012023-07-3109692318bus:AuditExemptWithAccountantsReport2022-08-012023-07-3109692318bus:FullAccounts2022-08-012023-07-31xbrli:purexbrli:sharesiso4217:GBP