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Registered number: 07124662
24 Laundrette UK Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Green & Peter(UK) Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07124662
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,189 6,318
6,189 6,318
CURRENT ASSETS
Debtors 5 27,281 22,241
Cash at bank and in hand 42,672 100,514
69,953 122,755
Creditors: Amounts Falling Due Within One Year 6 (40,850 ) (24,771 )
NET CURRENT ASSETS (LIABILITIES) 29,103 97,984
TOTAL ASSETS LESS CURRENT LIABILITIES 35,292 104,302
Creditors: Amounts Falling Due After More Than One Year 7 (771,373 ) (639,074 )
NET LIABILITIES (736,081 ) (534,772 )
CAPITAL AND RESERVES
Called up share capital 8 2,500 2,500
Share premium account 250 250
Revaluation reserve 9 2,372 2,871
Profit and Loss Account (741,203 ) (540,393 )
SHAREHOLDERS' FUNDS (736,081) (534,772)
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Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jarmo Kesanto
Director
26/03/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
24 Laundrette UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07124662 . The registered office is The Limes, 1339 High Road, London, N20 9HR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% reducing balance
Computer Equipment 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 6)
3 6
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 9,000 8,615 17,615
Additions - 1,688 1,688
As at 31 December 2023 9,000 10,303 19,303
Depreciation
As at 1 January 2023 5,314 5,983 11,297
Provided during the period 737 1,080 1,817
As at 31 December 2023 6,051 7,063 13,114
Net Book Value
As at 31 December 2023 2,949 3,240 6,189
As at 1 January 2023 3,686 2,632 6,318
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5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 14,695 7,076
Other debtors 11,812 11,812
VAT - 2,592
Directors' loan accounts 774 761
27,281 22,241
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 13,235 13,235
Other taxes and social security 4,902 4,634
VAT 2,579 -
Net wages 204 205
Pension 263 488
Accruals and deferred income 19,667 6,209
40,850 24,771
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 6,275 7,216
Due to parent coy 2-5 yr 757,470 624,729
Redeemable shares 7,628 7,129
771,373 639,074
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2,500 2,500
9. Reserves
Revaluation Reserve
£
As at 1 January 2023 2,871
Surplus on revaluation (499 )
As at 31 December 2023 2,372
10. Related Party Transactions
During the year, total loan was issued by 24 Pesula Ltd the parent company totalling £89,986.50 which
interest is being charged at 7% per annum.
The 10,000 redeemable shares at £1 each are owned by 24 Pesula Ltd (70%), BVM Ltd (20%) and TJBS
Ltd (10%) and recognised this as a financial liability of NPV of £7,628.
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11. Ultimate Controlling Party
During the year, 24 Pesula Ltd controlled the company by virtue of owning 70% of the shareholding. 
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