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Registration number: 08812415

Spook Cooks Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Spook Cooks Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 13

 

Spook Cooks Limited

Company Information

Director

Miss Emily Few Brown

Registered office

Arch 65
Queens Circus
Nine Elms
London
SW8 4NE

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Spook Cooks Limited
for the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Spook Cooks Limited for the year ended 31 December 2023 as set out on pages 3 to 13 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Spook Cooks Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Spook Cooks Limited and state those matters that we have agreed to state to the Board of Directors of Spook Cooks Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Spook Cooks Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Spook Cooks Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Spook Cooks Limited. You consider that Spook Cooks Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Spook Cooks Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

HowdenWhite LLP
Chartered Certified Accountants
Units 16-18
The Boscombe Centre
Amesbury
Wiltshire
SP4 7SD

20 August 2024

 

Spook Cooks Limited

(Registration number: 08812415)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

256,116

306,766

Investments

6

1

1

 

256,117

306,767

Current assets

 

Stocks

7

30,650

70,840

Debtors

8

535,555

161,918

Cash at bank and in hand

 

524,756

615,452

 

1,090,961

848,210

Creditors: Amounts falling due within one year

9

(560,910)

(283,170)

Net current assets

 

530,051

565,040

Total assets less current liabilities

 

786,168

871,807

Creditors: Amounts falling due after more than one year

9

(6,248)

(11,247)

Provisions for liabilities

(35,903)

(37,653)

Net assets

 

744,017

822,907

Capital and reserves

 

Called up share capital

10

611

611

Share premium reserve

854,819

854,819

Retained earnings

(111,413)

(32,523)

Shareholders' funds

 

744,017

822,907

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Spook Cooks Limited

(Registration number: 08812415)
Balance Sheet as at 31 December 2023

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 August 2024
 

.........................................
Miss Emily Few Brown
Director

 

Spook Cooks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Arch 65
Queens Circus
Nine Elms
London
SW8 4NE

Parent undertaking

During the previous year Spook Cooks Limited acquired 100% of the called up share capital of Archway Battersea Limited, a company registered in England.
Spook Cooks Limited as the parent company is exempt from preparing group accounts as it is a small group.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Spook Cooks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

33% reducing balance basis

Motor vehicles

33% reducing balance basis

Leasehold costs

33% straight line basis

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Spook Cooks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Spook Cooks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 24 (2022 - 11).

4

Loss/profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

140,879

123,524

 

Spook Cooks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2023

61,186

417,279

28,398

506,863

Additions

52,648

46,015

-

98,663

Disposals

-

(8,434)

-

(8,434)

At 31 December 2023

113,834

454,860

28,398

597,092

Depreciation

At 1 January 2023

34,361

160,475

5,261

200,097

Charge for the year

39,737

95,358

5,784

140,879

At 31 December 2023

74,098

255,833

11,045

340,976

Carrying amount

At 31 December 2023

39,736

199,027

17,353

256,116

At 31 December 2022

26,825

256,804

23,137

306,766

Included within the net book value of land and buildings above is £39,736 (2022 - £26,824) in respect of short leasehold land and buildings.
 

6

Investments

2023
£

2022
£

Investments in subsidiaries

1

1

Subsidiaries

£

Cost or valuation

At 1 January 2023

1

Provision

Carrying amount

At 31 December 2023

1

At 31 December 2022

1

 

Spook Cooks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

7

Stocks

2023
£

2022
£

Work in progress

-

38,836

Other inventories

30,650

32,004

30,650

70,840

8

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

397,325

137,989

Amounts owed by related parties

14

94,735

-

Prepayments

 

38,278

23,661

Other debtors

 

5,217

268

   

535,555

161,918

 

Spook Cooks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

9

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

11

4,999

4,999

Trade creditors

 

201,383

43,312

Taxation and social security

 

171,369

108,841

Accruals and deferred income

 

179,558

104,419

Other creditors

 

3,601

21,599

 

560,910

283,170

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

11

6,248

11,247

10

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary £1 share of £1 each

611

611

611

611

       

11

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Hire purchase contracts

6,248

11,247

Current loans and borrowings

2023
£

2022
£

Hire purchase contracts

4,999

4,999

 

Spook Cooks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Other borrowings

The carrying amount of Hire Purchase Loan at year end is £11,247 (2022 - £16,246).

12

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2023
£

2022
£

Not later than one year

64,883

74,575

Later than one year and not later than five years

17,903

55,931

82,786

130,506

The amount of non-cancellable operating lease payments recognised as an expense during the year was £83,527 (2022 - £74,575).

13

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £82,786 (2022 - £130,506).

Amounts disclosed in the balance sheet

Included in the balance sheet are financial commitments of £11,247 (2022 - £16,246). Assets purchased under hire purchase arrangements

14

Related party transactions

Transactions with the director

2023

At 1 January 2023
£

Advances to director
£

Repayments by director
£

At 31 December 2023
£

Directors Loan

(2,032)

7,750

(939)

4,780

 

 

Spook Cooks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

2022

At 1 January 2022
£

Advances to director
£

Repayments by director
£

At 31 December 2022
£

Directors Loan

(6,831)

6,211

(1,412)

(2,032)

 

Summary of transactions with subsidiaries

Archway Battersea Limited
 During the year Spook Cooks Limited recharged overhead expenses to Archway Battersea Limited for shared occupation of the commercial property at Battersea Power Station. In addition Spook Cooks Limited paid expenses on behalf of Archway Battersea Limited and these are reflected in the intercompany loan balance.
 The intercompany loan is interest free and due within one year.
 

Income and receivables from related parties

2023

Subsidiary
£

Receipt of services

423,450

Loans to related parties

2023

Subsidiary
£

Total
£

Advanced

94,735

94,735

At end of period

94,735

94,735