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Registered number: 02729483
PATISSERIE PATCHI LIMITED
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02729483
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,511,022 6,634,264
6,511,022 6,634,264
CURRENT ASSETS
Stocks 5 52,397 50,485
Debtors 6 71,320 106,244
Cash at bank and in hand 31,469 126,746
155,186 283,475
Creditors: Amounts Falling Due Within One Year 7 (711,261 ) (653,979 )
NET CURRENT ASSETS (LIABILITIES) (556,075 ) (370,504 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,954,947 6,263,760
Creditors: Amounts Falling Due After More Than One Year 8 (2,725,448 ) (2,905,273 )
NET ASSETS 3,229,499 3,358,487
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 3,229,399 3,358,387
SHAREHOLDERS' FUNDS 3,229,499 3,358,487
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For the year ending 30 September 2024 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.
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 Profit and Loss Account.
On behalf of the board
Mr Abdul Razzar Mahmoud Ghoul
Director
Mr Eihab Mohamed Sami Nafa
Director
04/10/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
PATISSERIE PATCHI LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 02729483 . The registered office is 28 Abbey Road, Park Royal, London, NW10 7SB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold 2% on cost of buildings
Leasehold Over the term of the lease
Plant & Machinery 20% reducing balance basis
Motor Vehicles 20% reducing balance basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

...CONTINUED
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2.3. Tangible Fixed Assets and Depreciation - continued
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
2.4. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 41 (2023: 42)
41 42
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £ £
Cost
As at 1 October 2023 6,065,011 104,367 1,906,308 211,539 8,287,225
Additions - - 121,392 - 121,392
As at 30 September 2024 6,065,011 104,367 2,027,700 211,539 8,408,617
Depreciation
As at 1 October 2023 371,580 18,091 1,133,669 129,621 1,652,961
Provided during the period 62,570 4,175 161,505 16,384 244,634
As at 30 September 2024 434,150 22,266 1,295,174 146,005 1,897,595
Net Book Value
As at 30 September 2024 5,630,861 82,101 732,526 65,534 6,511,022
As at 1 October 2023 5,693,431 86,276 772,639 81,918 6,634,264
5. Stocks
2024 2023
£ £
Finished goods 52,397 50,485
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 18,814 53,633
Prepayments and accrued income 44,082 24,262
VAT 8,424 28,349
71,320 106,244
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 234,010 157,509
Bank loans and overdrafts 188,783 168,276
Corporation tax 32,877 44,902
Other taxes and social security 341 292
Accruals and deferred income 5,250 3,000
Directors' loan accounts 250,000 280,000
711,261 653,979
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans and overdrafts 2,725,448 2,905,273
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
At the balance sheet date, the balance due to the directors amounted to £250,000 (2023: £280,000).
The loan is unsecured, interest free, and due on demand.
11. Ultimate Controlling Party
The company is controlled by Mr Abdul Ghoul and Mr Eihab Nafa.
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