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Registered number: 11665458
Krispyhouse Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 11665458
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,844,000 1,088,000
Tangible Assets 5 935 -
1,844,935 1,088,000
CURRENT ASSETS
Debtors 6 1,131,340 195,984
Cash at bank and in hand 146,065 1,856,635
1,277,405 2,052,619
Creditors: Amounts Falling Due Within One Year 7 (217,546 ) (210,031 )
NET CURRENT ASSETS (LIABILITIES) 1,059,859 1,842,588
TOTAL ASSETS LESS CURRENT LIABILITIES 2,904,794 2,930,588
Creditors: Amounts Falling Due After More Than One Year 8 - (5,929,425 )
NET ASSETS/(LIABILITIES) 2,904,794 (2,998,837 )
CAPITAL AND RESERVES
Called up share capital 9 24,445 10,950
Share premium account 7,785,288 249,960
Income Statement (4,904,939 ) (3,259,747 )
SHAREHOLDERS' FUNDS 2,904,794 (2,998,837)
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Income Statement.
On behalf of the board
Mr Anthony Kyriacou
Director
27/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Krispyhouse Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11665458 . The registered office is 81 Parkway , London, NW1 7PP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are licences. It is amortised to income statement over its estimated economic life of 5 years.
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 Straightline 3 Years
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 4)
4 4
4. Intangible Assets
Other
£
Cost
As at 1 December 2022 1,460,000
Additions 1,310,000
As at 30 November 2023 2,770,000
Amortisation
As at 1 December 2022 372,000
Provided during the period 554,000
As at 30 November 2023 926,000
Net Book Value
As at 30 November 2023 1,844,000
As at 1 December 2022 1,088,000
Page 3
Page 4
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 December 2022 -
Additions 935
As at 30 November 2023 935
Net Book Value
As at 30 November 2023 935
As at 1 December 2022 -
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 1,124,667 162,167
VAT 6,673 33,817
1,131,340 195,984
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 162,708 167,340
Other taxes and social security 11,872 126
Accruals and deferred income 17,716 16,000
Director's loan account 25,250 26,565
217,546 210,031
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other loans - 5,200,000
Accruals and deferred income - 729,425
- 5,929,425
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 24,445 10,950
Page 4