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REGISTERED NUMBER: 13328375 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

The Hutong Bagel Company Limited

The Hutong Bagel Company Limited (Registered number: 13328375)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


The Hutong Bagel Company Limited

COMPANY INFORMATION
for the year ended 31 March 2024







Directors: G Harman
Mrs E Harman
J Harman





Registered office: Abacus House
129 North Hill
Plymouth
Devon
PL4 8JY





Business address: 160 Cremyll Street
Plymouth
Devon
PL1 3RB





Registered number: 13328375 (England and Wales)





Accountants: Nigel Webster & Co
129 North Hill
Plymouth
Devon
PL4 8JY

The Hutong Bagel Company Limited (Registered number: 13328375)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 55,937 54,139

Current assets
Stocks 6,500 4,005
Debtors 5 17,070 3,818
Cash at bank 59,498 38,054
83,068 45,877
Creditors
Amounts falling due within one year 6 87,905 52,620
Net current liabilities (4,837 ) (6,743 )
Total assets less current liabilities 51,100 47,396

Creditors
Amounts falling due after more than
one year

7

13,287

21,308
Net assets 37,813 26,088

Capital and reserves
Called up share capital 8 99 99
Retained earnings 37,714 25,989
Shareholders' funds 37,813 26,088

The Hutong Bagel Company Limited (Registered number: 13328375)

BALANCE SHEET - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:





Mrs E Harman - Director


The Hutong Bagel Company Limited (Registered number: 13328375)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

The Hutong Cafe Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, business address and registered office address can be found on the company information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover includes revenue earned from the sale of goods net of value added taxes. Turnover from the sale of goods is recognised at the point of sale at the till.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and equipment15% - 25% reducing balance
Motor vehicles25% reducing balance

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 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.

The Hutong Bagel Company Limited (Registered number: 13328375)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
equipment vehicles Totals
£    £    £   
Cost
At 1 April 2023 64,137 2,000 66,137
Additions 10,243 - 10,243
At 31 March 2024 74,380 2,000 76,380
Depreciation
At 1 April 2023 11,498 500 11,998
Charge for year 8,070 375 8,445
At 31 March 2024 19,568 875 20,443
Net book value
At 31 March 2024 54,812 1,125 55,937
At 31 March 2023 52,639 1,500 54,139

The Hutong Bagel Company Limited (Registered number: 13328375)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 17,070 3,818

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,667 6,667
Trade creditors 15,862 4,980
Taxation and social security 42,026 22,192
Other creditors 23,350 18,781
87,905 52,620

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 13,287 21,308

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
99,000 Ordinary £0.00 1 99 99

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
G Harman
Balance outstanding at start of year (45 ) (1,652 )
Amounts advanced 51,442 46,735
Amounts repaid (46,189 ) (45,128 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,208 (45 )

The Hutong Bagel Company Limited (Registered number: 13328375)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

J Harman
Balance outstanding at start of year (45 ) (1,652 )
Amounts advanced 51,064 48,747
Amounts repaid (45,811 ) (47,140 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,208 (45 )

Mrs E Harman
Balance outstanding at start of year (45 ) (1,652 )
Amounts advanced 51,742 46,850
Amounts repaid (46,489 ) (45,243 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,208 (45 )

10. RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed the following amounts from related parties:-

G Harman Director and shareholder £5,208
J Harman Shareholder £5,208
Mrs E Harman Director and shareholder £5,208

Interest of £1,000 each (2023 - £1,000 each) was paid to G Harman, J Harman and Mrs E Harman by the company.

11. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the directors and J Harman.