Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-3119true2022-09-01falseNo description of principal activity45falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11511192 2022-09-01 2023-08-31 11511192 2021-09-01 2022-08-31 11511192 2023-08-31 11511192 2022-08-31 11511192 2021-09-01 11511192 c:Director1 2022-09-01 2023-08-31 11511192 d:PlantMachinery 2022-09-01 2023-08-31 11511192 d:PlantMachinery 2023-08-31 11511192 d:PlantMachinery 2022-08-31 11511192 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 11511192 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-09-01 2023-08-31 11511192 d:FurnitureFittings 2022-09-01 2023-08-31 11511192 d:FurnitureFittings 2023-08-31 11511192 d:FurnitureFittings 2022-08-31 11511192 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 11511192 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2022-09-01 2023-08-31 11511192 d:OfficeEquipment 2022-09-01 2023-08-31 11511192 d:OfficeEquipment 2023-08-31 11511192 d:OfficeEquipment 2022-08-31 11511192 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 11511192 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2022-09-01 2023-08-31 11511192 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 11511192 d:LeasedAssetsHeldAsLessee 2022-09-01 2023-08-31 11511192 d:CurrentFinancialInstruments 2023-08-31 11511192 d:CurrentFinancialInstruments 2022-08-31 11511192 d:Non-currentFinancialInstruments 2023-08-31 11511192 d:Non-currentFinancialInstruments 2022-08-31 11511192 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 11511192 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 11511192 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 11511192 d:Non-currentFinancialInstruments d:AfterOneYear 2022-08-31 11511192 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 11511192 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-08-31 11511192 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 11511192 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-08-31 11511192 d:ShareCapital 2022-09-01 2023-08-31 11511192 d:ShareCapital 2023-08-31 11511192 d:ShareCapital 2021-09-01 2022-08-31 11511192 d:ShareCapital 2022-08-31 11511192 d:ShareCapital 2021-09-01 11511192 d:RevaluationReserve 2022-09-01 2023-08-31 11511192 d:RevaluationReserve 2023-08-31 11511192 d:RevaluationReserve 2021-09-01 2022-08-31 11511192 d:RevaluationReserve 2022-08-31 11511192 d:RevaluationReserve 2021-09-01 11511192 d:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 11511192 d:RetainedEarningsAccumulatedLosses 2023-08-31 11511192 d:RetainedEarningsAccumulatedLosses 2021-09-01 2022-08-31 11511192 d:RetainedEarningsAccumulatedLosses 2022-08-31 11511192 d:RetainedEarningsAccumulatedLosses 2021-09-01 11511192 c:OrdinaryShareClass1 2022-09-01 2023-08-31 11511192 c:OrdinaryShareClass1 2023-08-31 11511192 c:FRS102 2022-09-01 2023-08-31 11511192 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 11511192 c:FullAccounts 2022-09-01 2023-08-31 11511192 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 11511192 d:WithinOneYear 2023-08-31 11511192 d:WithinOneYear 2022-08-31 11511192 d:BetweenOneFiveYears 2023-08-31 11511192 d:BetweenOneFiveYears 2022-08-31 11511192 d:HirePurchaseContracts d:WithinOneYear 2023-08-31 11511192 d:HirePurchaseContracts d:WithinOneYear 2022-08-31 11511192 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-08-31 11511192 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-08-31 11511192 d:EntityControlledByKeyManagementPersonnel1 2021-09-01 2022-08-31 11511192 d:EntityControlledByKeyManagementPersonnel1 2022-08-31 11511192 d:EntityControlledByKeyManagementPersonnel2 2021-09-01 2022-08-31 11511192 d:EntityControlledByKeyManagementPersonnel2 2022-08-31 11511192 d:EntityControlledByKeyManagementPersonnel3 2021-09-01 2022-08-31 11511192 d:EntityControlledByKeyManagementPersonnel3 2022-08-31 11511192 d:EntityControlledByKeyManagementPersonnel4 2021-09-01 2022-08-31 11511192 d:EntityControlledByKeyManagementPersonnel4 2022-08-31 11511192 5 2022-09-01 2023-08-31 11511192 d:Buildings d:LeasedAssetsHeldAsLessee 2023-08-31 11511192 d:Buildings d:LeasedAssetsHeldAsLessee 2022-08-31 11511192 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-08-31 11511192 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-08-31 11511192 d:LeasedAssetsHeldAsLessee 2023-08-31 11511192 d:LeasedAssetsHeldAsLessee 2022-08-31 11511192 e:PoundSterling 2022-09-01 2023-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11511192









CONCEPT PATISSERIE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
CONCEPT PATISSERIE LIMITED
REGISTERED NUMBER: 11511192

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2023


2023

2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
640,208
644,477

Current assets
  

Stocks
 5 
105,441
125,190

Debtors: amounts falling due within one year
 6 
318,711
543,919

Cash at bank and in hand
 7 
855
9,516

  
425,007
678,625

Creditors: amounts falling due within one year
 8 
(1,502,816)
(1,785,920)

Net current liabilities
  
 
 
(1,077,809)
 
 
(1,107,295)

Total assets less current liabilities
  
(437,601)
(462,818)

Creditors: amounts falling due after more than one year
 9 
(121,583)
(188,859)

  

Net liabilities
  
(559,184)
(651,677)


Capital and reserves
  

Called up share capital 
 12 
100
100

Revaluation reserve
  
228,741
262,047

Profit and loss account
  
(788,025)
(913,824)

  
(559,184)
(651,677)


Page 1

 
CONCEPT PATISSERIE LIMITED
REGISTERED NUMBER: 11511192
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2023

The director considers 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 director acknowledges his 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.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 August 2024.




P A Solari
Director


The notes on pages 4 to 12 form part of these financial statements.

Page 2

 
CONCEPT PATISSERIE LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2023


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 September 2022
100
262,047
(913,824)
(651,677)


Comprehensive income for the year

Profit for the year
-
-
92,493
92,493
Total comprehensive income for the year
-
-
92,493
92,493

Transfer to/from profit and loss account
-
(33,306)
33,306
-


At 31 August 2023
100
228,741
(788,025)
(559,184)


The notes on pages 4 to 12 form part of these financial statements.


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2022


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 September 2021
100
307,508
(529,216)
(221,608)


Comprehensive income for the year

Loss for the year
-
-
(430,069)
(430,069)
Total comprehensive income for the year
-
-
(430,069)
(430,069)

Transfer to/from profit and loss account
-
(45,461)
45,461
-


At 31 August 2022
100
262,047
(913,824)
(651,677)


The notes on pages 4 to 12 form part of these financial statements.

Page 3

 
CONCEPT PATISSERIE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

Concept Patisserie Limited is a company limited by shares, incorporated in England and Wales. The address of the registered offce is First Floor, 10 Village Way, Pinner, England, HA5 5AF.
The company sells food and provides management consultancy services.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements are prepared on a going concern basis, despite the company's Statement of financial position showing net liabilities of £559,184 (2022 - £651,677). The director has indicated the willingness and ability to support the company for at least 12 months from the date of the approval of the financial statements, in order for the company to meet its liabilities as they fall due. The company has also returned to profitable levels. As such, the director believes that there are no significant uncertainties in his assessment of whether the business is a going concern for a period of not less than 12 months from the date of signing of these financial statements. The director has therefore prepared the accounts on a going concern basis.

Page 4

 
CONCEPT PATISSERIE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

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.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the Statement of comprehensive income at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

Page 5

 
CONCEPT PATISSERIE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.6

Finance costs

Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.

 
2.8

Pensions

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 comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

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:

Plant & machinery
-
10%
Fixtures & fittings
-
25%
Office equipment
-
25%

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 the Statement of comprehensive income.

Page 6

 
CONCEPT PATISSERIE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.10

Revaluation of tangible fixed assets

Plant and machinery are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in the Statement of comprehensive income.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of comprehensive income.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 45 (2022 - 19).

Page 7

 
CONCEPT PATISSERIE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Tangible fixed assets





Plant & machinery
Fixtures & fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 September 2022
858,429
101,114
4,076
963,619


Additions
98,338
-
-
98,338



At 31 August 2023

956,767
101,114
4,076
1,061,957



Depreciation


At 1 September 2022
244,224
71,555
3,363
319,142


Charge for the year on owned assets
54,071
20,461
215
74,747


Charge for the year on financed assets
27,860
-
-
27,860



At 31 August 2023

326,155
92,016
3,578
421,749



Net book value



At 31 August 2023
630,612
9,098
498
640,208



At 31 August 2022
614,205
29,559
713
644,477

Page 8

 
CONCEPT PATISSERIE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

           4.Tangible fixed assets (continued)

If the plant & machinery had not been included at valuation they would have been included under the historical cost conventions as follows:


2023
2022
£
£



Cost
567,825
469,487

Depreciation
(162,818)
(114,193)

405,007
355,294

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Plant & machinery
55,720
409,098

55,720
409,098


5.


Stocks

2023
2022
£
£

Finished goods and goods for resale
105,441
125,190

105,441
125,190



6.


Debtors

2023
2022
£
£


Trade debtors
205,273
462,095

Other debtors
71,713
44,321

Prepayments and accrued income
41,725
37,503

318,711
543,919


Page 9

 
CONCEPT PATISSERIE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
855
9,516

855
9,516



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
50,000
50,000

Invoice discounting facility
102,892
258,066

Trade creditors
195,876
234,450

Amounts owed to group undertakings
76,474
272,708

Other taxation and social security
172,245
59,711

Obligations under finance lease and hire purchase contracts
16,610
16,610

Other creditors
861,844
855,819

Accruals and deferred income
26,875
38,556

1,502,816
1,785,920


The company has taken a chattels mortgage, dated 31 May 2019, with Albrate Assets Limited. The mortgage is a loan agreement secured against the company's plant and machinery.
Additionally the company has given a debenture to Lloyds Bank Commercial Finance Limited. The debenture covers all amounts owed by the company and is secured by a fixed and floating charge against all other assets of the company.

Obligations under finance leases and hire purchase contracts are secured against the assets to which
they relate.

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
96,667
147,334

Net obligations under finance leases and hire purchase contracts
24,916
41,525

121,583
188,859


Page 10

 
CONCEPT PATISSERIE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
50,000
50,000

Invoice discounting facility
102,892
258,066

Amounts falling due 1-2 years

Bank loans
50,000
50,000

Amounts falling due 2-5 years

Bank loans
46,667
97,334


249,559
455,400



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
16,610
16,610

Between 1-5 years
24,916
41,525

41,526
58,135


12.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1 each
100
100



13.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £12,714 (2022 - £7,294). Contributions were payable to the fund at the reporting date £2,369 (2022 - £2,901).

Page 11

 
CONCEPT PATISSERIE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

14.


Commitments under operating leases

At 31 August 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
66,000
66,000

Later than 1 year and not later than 5 years
5,500
71,500

71,500
137,500


15.


Related party transactions

Included within other creditors is an amount of £30,235 (2022 - £32,435) due to a company with a common director and shareholder.
 
Included within other creditors is an amount of £687,582 (2022 - £264,600) due to a company with a common director and shareholder. During the year company received management charges of £220,000 (2022 - Nil) from this company.
 
Included within other creditors is an amount of £72,918 (2022 - £84,918) due to a shareholder of the company.
 
Included within amounts owed to group undertakings is an amount of £76,474 (2022 - £272,408) due to the parent company.


16.


Controlling party

Panther Marketing Limited is the immediate and ultimate parent company. P A Solari, the director, is the ultimate controlling party by virtue of his holding in the parent company.

 
Page 12