Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-292023-12-29trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01falseNo description of principal activity2628truefalse 11780072 2023-01-01 2023-12-29 11780072 2022-01-01 2022-12-31 11780072 2023-12-29 11780072 2022-12-31 11780072 c:Director1 2023-01-01 2023-12-29 11780072 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-29 11780072 d:Buildings d:ShortLeaseholdAssets 2023-12-29 11780072 d:Buildings d:ShortLeaseholdAssets 2022-12-31 11780072 d:PlantMachinery 2023-01-01 2023-12-29 11780072 d:PlantMachinery 2023-12-29 11780072 d:PlantMachinery 2022-12-31 11780072 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-29 11780072 d:FurnitureFittings 2023-01-01 2023-12-29 11780072 d:FurnitureFittings 2023-12-29 11780072 d:FurnitureFittings 2022-12-31 11780072 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-29 11780072 d:OfficeEquipment 2023-01-01 2023-12-29 11780072 d:OfficeEquipment 2023-12-29 11780072 d:OfficeEquipment 2022-12-31 11780072 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-29 11780072 d:ComputerEquipment 2023-01-01 2023-12-29 11780072 d:ComputerEquipment 2023-12-29 11780072 d:ComputerEquipment 2022-12-31 11780072 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-29 11780072 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-29 11780072 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-29 11780072 d:CopyrightsPatentsTrademarksServiceOperatingRights 2022-12-31 11780072 d:CurrentFinancialInstruments 2023-12-29 11780072 d:CurrentFinancialInstruments 2022-12-31 11780072 d:Non-currentFinancialInstruments 2023-12-29 11780072 d:Non-currentFinancialInstruments 2022-12-31 11780072 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-29 11780072 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11780072 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-29 11780072 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 11780072 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-29 11780072 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-12-31 11780072 d:ShareCapital 2023-12-29 11780072 d:ShareCapital 2022-12-31 11780072 d:RetainedEarningsAccumulatedLosses 2023-12-29 11780072 d:RetainedEarningsAccumulatedLosses 2022-12-31 11780072 c:FRS102 2023-01-01 2023-12-29 11780072 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-29 11780072 c:FullAccounts 2023-01-01 2023-12-29 11780072 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-29 11780072 2 2023-01-01 2023-12-29 11780072 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2023-01-01 2023-12-29 11780072 e:PoundSterling 2023-01-01 2023-12-29 iso4217:GBP xbrli:pure

Registered number: 11780072









KIPFERL PATISSERIE LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 29 DECEMBER 2023

 
KIPFERL PATISSERIE LTD
 
 
  
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF KIPFERL PATISSERIE LTD
FOR THE YEAR ENDED 31 DECEMBER 2023

You consider that the Company is exempt from an audit for the period ended 29 December 2023. You have acknowledged, on the Balance sheet, your responsibilities for ensuring that the Company keeps adequate accounting records which comply with section 386 of the Companies Act 2006, and for preparing the financial statements which give a true and fair view of the state of affairs of the Company and of its profit or loss for the financial period.

In accordance with your instructions, we have prepared the financial statements on pages 12 from the accounting records of the Company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these financial statements.

  



Paperchase Business Services Ltd
 
The Courtyard
14A Sydenham Road
Croydon
London
CR0 2EE
30 August 2024
Page 1

 
KIPFERL PATISSERIE LTD
REGISTERED NUMBER: 11780072

BALANCE SHEET
AS AT 29 DECEMBER 2023

29 December
31 December
2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
5,000
6,000

Tangible assets
 5 
51,773
41,548

  
56,773
47,548

Current assets
  

Stocks
 6 
36,801
47,565

Debtors: amounts falling due within one year
 7 
42,420
44,344

Cash at bank and in hand
 8 
170,468
204,998

  
249,689
296,907

Creditors: amounts falling due within one year
 9 
(230,589)
(242,330)

Net current assets
  
 
 
19,100
 
 
54,577

Total assets less current liabilities
  
75,873
102,125

Creditors: amounts falling due after more than one year
 10 
(25,500)
(43,500)

  

Net assets
  
50,373
58,625


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
50,273
58,525

  
50,373
58,625


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 period 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 profit and loss account in accordance with provisions applicable to
Page 2

 
KIPFERL PATISSERIE LTD
REGISTERED NUMBER: 11780072
    
BALANCE SHEET (CONTINUED)
AS AT 29 DECEMBER 2023

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 by: 




................................................
Hubert Zanier
Director

Date: 30 August 2024

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

Page 3

 
KIPFERL PATISSERIE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2023

1.


General information

Kipferl Patisserie Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as below:
Registered number: 11780072
Registered office: 20 Camden Passage, London, England, N1 8ED

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
KIPFERL PATISSERIE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 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

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 profit or loss 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 Profit and loss account in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss 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.

Page 5

 
KIPFERL PATISSERIE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the period 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 profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

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:

Short-term leasehold property
-
10%
Plant and machinery
-
25%
Fixtures and fittings
-
20%
Office equipment
-
10%
Computer 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 profit or loss.

Page 6

 
KIPFERL PATISSERIE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2023

2.Accounting policies (continued)

 
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 balance sheet 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 profit or loss.

 
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 period was 26 (2022 - 28).

Page 7

 
KIPFERL PATISSERIE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2023

4.


Intangible assets






Trademarks

£



Cost


At 1 January 2023
10,000



At 29 December 2023

10,000



Amortisation


At 1 January 2023
4,000


Charge for the period on owned assets
1,000



At 29 December 2023

5,000



Net book value



At 29 December 2023
5,000



At 31 December 2022
6,000



Page 8

 
KIPFERL PATISSERIE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2023

5.


Tangible fixed assets







Short-term leasehold property
Plant and machinery
Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 January 2023
2,850
14,981
33,716
8,187
4,451
64,185


Additions
-
20,301
5,990
-
-
26,291



At 29 December 2023

2,850
35,282
39,706
8,187
4,451
90,476



Depreciation


At 1 January 2023
462
2,209
16,321
1,510
2,136
22,638


Charge for the period on owned assets
285
6,267
7,608
819
1,086
16,065



At 29 December 2023

747
8,476
23,929
2,329
3,222
38,703



Net book value



At 29 December 2023
2,103
26,806
15,777
5,858
1,229
51,773



At 31 December 2022
2,388
12,773
17,395
6,677
2,315
41,548


6.


Stocks

29 December
31 December
2023
2022
£
£

Finished goods and goods for resale
36,801
47,565

36,801
47,565



7.


Debtors

29 December
31 December
2023
2022
£
£

Page 9

 
KIPFERL PATISSERIE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2023

7.Debtors (continued)


Amounts owed by group undertakings
24,695
19,838

Other debtors
10,235
12,977

Prepayments and accrued income
7,490
11,529

42,420
44,344



8.


Cash and cash equivalents

29 December
31 December
2023
2022
£
£

Cash at bank and in hand
170,468
204,998

170,468
204,998



9.


Creditors: Amounts falling due within one year

29 December
31 December
2023
2022
£
£

Bank loans
18,000
18,000

Trade creditors
40,196
49,506

Amounts owed to other participating interests
41,666
50,000

Other taxation and social security
56,485
48,448

Other creditors
62,969
71,761

Accruals and deferred income
11,273
4,615

230,589
242,330


Page 10

 
KIPFERL PATISSERIE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2023

10.


Creditors: Amounts falling due after more than one year

29 December
31 December
2023
2022
£
£

Bank loans
25,500
43,500

25,500
43,500



11.


Loans


Analysis of the maturity of loans is given below:


29 December
31 December
2023
2022
£
£

Amounts falling due within one year

Bank loans
18,000
18,000


18,000
18,000



Amounts falling due after more than 5 years

Bank loans
25,500
43,500

25,500
43,500

43,500
61,500



12.


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 £8,769  (2022 - £7,011).
Contributions totalling £2,110 (2022 - £1,905) were payable to the fund at the balance sheet date and are included in creditors.

Page 11

 
KIPFERL PATISSERIE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2023

13.


Related party transactions

The Company has taken the exemption under FRS 102 section 1(A) not to disclose transactions and balances with wholly owned group companies.
Amount owed to the shareholders during the period amounted to £41,666 (2022 : £50,000). Remuneration of £24,000 (2022 : £25,804) was paid to one of the serving directors during the period


14.


Controlling party

The ultimate and immediate parent company is Kipferl Restaurant Group Ltd, which is registered in England and Wales, at 20 Camden Passage, London, N1 8ED, United Kingdom
 
Page 12