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REGISTERED NUMBER: 01954478 (England and Wales)










Country Oven (Manchester) Limited

Unaudited Financial Statements

for the Year Ended 30 November 2023






Country Oven (Manchester) Limited (Registered number: 01954478)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Country Oven (Manchester) Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr Pasquale D'Adamo
Mr Mario D'Adamo





SECRETARY: Mr Pasquale D'Adamo





REGISTERED OFFICE: Beech House
Wrigley Street
Oldham
Lancashire
OL4 1HW





REGISTERED NUMBER: 01954478 (England and Wales)






Country Oven (Manchester) Limited (Registered number: 01954478)

Balance Sheet
30 November 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 338,612 214,958

CURRENT ASSETS
Stocks 6 76,905 91,623
Debtors 7 1,162,165 982,703
Cash at bank and in hand 358,326 73,062
1,597,396 1,147,388
CREDITORS
Amounts falling due within one year 8 (1,572,349 ) (1,141,009 )
NET CURRENT ASSETS 25,047 6,379
TOTAL ASSETS LESS CURRENT
LIABILITIES

363,659

221,337

CREDITORS
Amounts falling due after more than one year 9 (107,890 ) (117,813 )

PROVISIONS FOR LIABILITIES (84,653 ) (40,842 )
NET ASSETS 171,116 62,682

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 171,016 62,582
SHAREHOLDERS' FUNDS 171,116 62,682

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Country Oven (Manchester) Limited (Registered number: 01954478)

Balance Sheet - continued
30 November 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:




Mr Pasquale D'Adamo - Director



Mr Mario D'Adamo - Director


Country Oven (Manchester) Limited (Registered number: 01954478)

Notes to the Financial Statements
for the Year Ended 30 November 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:
Beech House
Wrigley Street
Oldham
Lancashire
OL4 1HW

The principal place of business is:
Beech House
Wrigley Street
Oldham
Lancashire
OL4 1HW

2. 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).

3. 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.

BASIS OF PREPARATION
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items .

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.

TAX
The tax expense for the period comprises current 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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

Country Oven (Manchester) Limited (Registered number: 01954478)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

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 15% reduced balance
Fixtures & fillings 15% reducing balance
Motor vehicles 25% reducing balance

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.

Country Oven (Manchester) Limited (Registered number: 01954478)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 74 (2022 - 117 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2022 185,181 31,786 375,279 592,246
Additions 61,775 2,347 121,362 185,484
At 30 November 2023 246,956 34,133 496,641 777,730
DEPRECIATION
At 1 December 2022 77,217 22,568 277,503 377,288
Charge for year 21,433 1,477 38,920 61,830
At 30 November 2023 98,650 24,045 316,423 439,118
NET BOOK VALUE
At 30 November 2023 148,306 10,088 180,218 338,612
At 30 November 2022 107,964 9,218 97,776 214,958

Country Oven (Manchester) Limited (Registered number: 01954478)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. STOCKS
2023 2022
£    £   
Other inventories 76,905 91,623

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 784,127 530,438
Amounts owed by group undertakings 279,757 365,898
Other debtors 98,281 86,367
1,162,165 982,703

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 386,251 405,523
Taxation and social security 159,821 44,554
Other creditors 1,026,277 690,932
1,572,349 1,141,009

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Loans & Borrowings 107,890 117,813

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary share 1 100 100

11. RELATED PARTY TRANSACTIONS

The company was under the control of the directors throughout the current and previous year.

A dividend of £350,000 (2022 - £220,000) was paid to Country Oven (Holdings) limited, the holding company.

A management fee of £140,000 (2022 - £140,000) were charged by Country Oven (Holdings) Limited,the holding company.

The balance on the inter company loan account owing from the holding company Country Oven (Holdings) Limited as at the balance sheet date was £279,757 debit (2022 - £365,898 debit).

Country Oven (Manchester) Limited (Registered number: 01954478)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

12. PARENT AND ULTIMATE PARENT UNDERTAKING

The company's immediate parent is Country Oven (Holdings) Limited, incorporated in England and Wales.