1 March 2023 false No description of principal activity Taxfiler 2024.5 9181990business:PrivateLimitedCompanyLtd2023-03-012023-12-31 91819902023-02-28 91819902023-03-012023-12-31 9181990business:AuditExempt-NoAccountantsReport2023-03-012023-12-31 9181990business:FilletedAccounts2023-03-012023-12-31 91819902023-12-31 9181990business:Director12023-03-012023-12-31 9181990business:Director22023-03-012023-12-31 9181990business:RegisteredOffice2023-03-012023-12-31 91819902023-02-28 9181990core:WithinOneYear2023-12-31 9181990core:WithinOneYear2023-02-28 9181990core:AfterOneYear2023-12-31 9181990core:AfterOneYear2023-02-28 9181990core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 9181990core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 9181990core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 9181990core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 9181990core:PreviouslyStatedAmount2023-12-31 9181990core:PreviouslyStatedAmount2023-02-28 9181990business:SmallEntities2023-03-012023-12-31 9181990countries:EnglandWales2023-03-012023-12-31 9181990core:ComputerEquipment2023-03-012023-12-31 9181990core:ComputerEquipment2023-02-28 9181990core:ComputerEquipment2023-12-31 9181990business:Director112023-03-012023-12-31 9181990business:Director112023-02-28 9181990business:Director112023-12-31 91819902022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. 9181990 (England and Wales)
Kitchen8 Limited Unaudited accounts for the period from 1 March 2023 to 31 December 2023
Kitchen8 Limited Unaudited accounts Contents
Page
- 2 -
Kitchen8 Limited Company Information for the period from 1 March 2023 to 31 December 2023
Directors
Maria Daniela Barrera Torgeir Vierdal
Company Number
9181990 (England and Wales)
Registered Office
30 Lisburne Road London NW3 2NR
- 3 -
Kitchen8 Limited Statement of financial position as at 31 December 2023
31/12/2023 
28/02/2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,964 
1,872 
Current assets
Debtors
307,600 
245,906 
Cash at bank and in hand
29,251 
871,269 
336,851 
1,117,175 
Creditors: amounts falling due within one year
(141,561)
(221,177)
Net current assets
195,290 
895,998 
Total assets less current liabilities
199,254 
897,870 
Creditors: amounts falling due after more than one year
(57,420)
- 
Net assets
141,834 
897,870 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
141,734 
897,770 
Shareholders' funds
141,834 
897,870 
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by
Maria Daniela Barrera Director Company Registration No. 9181990
- 4 -
Kitchen8 Limited Notes to the Accounts for the period from 1 March 2023 to 31 December 2023
1
Statutory information
Kitchen8 Limited is a private company, limited by shares, registered in England and Wales, registration number 9181990. The registered office is 30 Lisburne Road, London , NW3 2NR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years
Reporting period
The financial statements have been prepared for a ten month period. The results for this period will not be entirely comparable with the prior year which was presented for one year (1 March 2022 to 28 February 2023), due to change in the Group's reporting period.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2023
11,092 
Additions
4,039 
Disposals
(1,583)
At 31 December 2023
13,548 
Depreciation
At 1 March 2023
9,220 
Charge for the period
1,947 
On disposals
(1,583)
At 31 December 2023
9,584 
Net book value
At 31 December 2023
3,964 
At 28 February 2023
1,872 
- 5 -
Kitchen8 Limited Notes to the Accounts for the period from 1 March 2023 to 31 December 2023
5
Debtors
31/12/2023 
28/02/2023 
£ 
£ 
Amounts falling due within one year
VAT
3,998 
18,530 
Trade debtors
145,065 
75,979 
Amounts due from group undertakings etc.
148,245 
- 
Accrued income and prepayments
3,212 
106,040 
Other debtors
7,080 
45,357 
307,600 
245,906 
6
Creditors: amounts falling due within one year
31/12/2023 
28/02/2023 
£ 
£ 
Trade creditors
9,752 
36,610 
Amounts owed to group undertakings and other participating interests
35,579 
65,084 
Taxes and social security
83,250 
75,926 
Other creditors
995 
573 
Accruals
11,985 
24,994 
Deferred income
- 
17,990 
141,561 
221,177 
7
Creditors: amounts falling due after more than one year
31/12/2023 
28/02/2023 
£ 
£ 
Other creditors
50,000 
- 
Loans from directors
7,420 
- 
57,420 
- 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Advances to director
40,000 
- 
40,000 
- 
40,000 
- 
40,000 
- 
During the year, Ms Maria Daniela Barrera repaid her director's loan in full.
- 6 -
Kitchen8 Limited Notes to the Accounts for the period from 1 March 2023 to 31 December 2023
9
Transactions with related parties
As at 31 December 2023, £33,761 (28/02/2023: £65,084) was due to Kitchen8 Group Limited, a company incorporated in England with registration number 11507701. Kitchen8 Group Limited is the immediate parent of Kitchen8 Limited. The loan is interest-free and repayable on demand. As at 31 December 2023, £148,245 (28/02/2023: £nil) was owed by Nourish Global Ltd, a company incorporated in England with registration number 14843542. Nourish Global Ltd is the ultimate controlling party of Kitchen8 Limited. The loan is interest-free and repayable on demand. Management fees of £1,818 were recognised during the period ended 31 December 2023 (28/02/2023: £nil) from Nourish Global Norway AS, a company within the same group as Kitchen8 Limited. Nourish Global Norway AS is incorporated in Norway with registration number 932417359. As at 31 December 2023, £1,818 (28/02/2023: £nil) was outstanding. During the year, Fastgate AS, a company incorporated in Norway with registration number 812030132, made an interest-free loan to the Company amounting to £50,000 (28/02/2023: £nil). The balance is payable by 1st December 2029. This amount is included in Creditors: amounts falling due after more than one year (note 7). During the year, Ms Maria Daniela Barrera (a director of the Company), made an interest-free loan to the Company amounting to £7,420 (28/02/2023: £nil). The balance may be paid as one lump sum or in smaller instalments after 12 months of the balance sheet date. This amount is included in Creditors: amounts falling due after more than one year (note 7).
10
Average number of employees
During the period the average number of employees was 5 (28/02/2023: 3).
- 7 -