IRIS Accounts Production v24.3.0.553 14420412 Board of Directors 14.10.22 31.3.24 31.3.24 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh144204122022-10-13144204122024-03-31144204122022-10-142024-03-31144204122022-10-1314420412ns15:EnglandWales2022-10-142024-03-3114420412ns14:PoundSterling2022-10-142024-03-3114420412ns10:Director12022-10-142024-03-3114420412ns10:PrivateLimitedCompanyLtd2022-10-142024-03-3114420412ns10:SmallEntities2022-10-142024-03-3114420412ns10:AuditExempt-NoAccountantsReport2022-10-142024-03-3114420412ns10:SmallCompaniesRegimeForDirectorsReport2022-10-142024-03-3114420412ns10:SmallCompaniesRegimeForAccounts2022-10-142024-03-3114420412ns10:FullAccounts2022-10-142024-03-3114420412ns10:OrdinaryShareClass12022-10-142024-03-3114420412ns10:OrdinaryShareClass22022-10-142024-03-3114420412ns10:Director22022-10-142024-03-3114420412ns10:RegisteredOffice2022-10-142024-03-3114420412ns5:CurrentFinancialInstruments2024-03-3114420412ns5:ShareCapital2024-03-3114420412ns5:RetainedEarningsAccumulatedLosses2024-03-3114420412ns5:LeaseholdImprovements2022-10-142024-03-3114420412ns5:PlantMachinery2022-10-142024-03-3114420412ns5:FurnitureFittings2022-10-142024-03-3114420412ns5:LongLeaseholdAssetsns5:LandBuildings2022-10-142024-03-3114420412ns5:LongLeaseholdAssetsns5:LandBuildings2024-03-3114420412ns5:LeaseholdImprovements2024-03-3114420412ns5:PlantMachinery2024-03-3114420412ns5:FurnitureFittings2024-03-3114420412ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3114420412ns5:WithinOneYear2024-03-3114420412ns5:BetweenOneFiveYears2024-03-3114420412ns5:AllPeriods2024-03-3114420412ns10:OrdinaryShareClass12024-03-3114420412ns10:OrdinaryShareClass22024-03-31
REGISTERED NUMBER: 14420412 (England and Wales)










Unaudited Financial Statements

for the Period 14 October 2022 to 31 March 2024

for

Sugarfinery London Limited

Sugarfinery London Limited (Registered number: 14420412)






Contents of the Financial Statements
for the Period 14 October 2022 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sugarfinery London Limited

Company Information
for the Period 14 October 2022 to 31 March 2024







DIRECTORS: Mr I J Craggs
Mrs A Craggs





REGISTERED OFFICE: 35-37 Crescent Road
Windermere
Cumbria
LA23 1BL





REGISTERED NUMBER: 14420412 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Sugarfinery London Limited (Registered number: 14420412)

Balance Sheet
31 March 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 112,466

CURRENT ASSETS
Stocks 10,500
Debtors 5 2,642
Cash at bank and in hand 1,261
14,403
CREDITORS
Amounts falling due within one year 6 187,974
NET CURRENT LIABILITIES (173,571 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(61,105

)

CAPITAL AND RESERVES
Called up share capital 8 100
Retained earnings (61,205 )
SHAREHOLDERS' FUNDS (61,105 )

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

The members have not required the company to obtain an audit of its financial statements for the period 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2024 and were signed on its behalf by:





Mr I J Craggs - Director


Sugarfinery London Limited (Registered number: 14420412)

Notes to the Financial Statements
for the Period 14 October 2022 to 31 March 2024

1. STATUTORY INFORMATION

Sugarfinery London Limited is a private company, limited by shares , registered in England and Wales. The company's registered number 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.

The financial statements are presented in sterling, which is the functional currency of the company, rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
At the year end the company's liabilities exceeded its assets by £61,105 and as such the company's ability to continue to operate depends on the support of its Directors. The Financial Statements have been prepared on a going concern basis as the Directors intend to give their support for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

Sugarfinery London Limited (Registered number: 14420412)

Notes to the Financial Statements - continued
for the Period 14 October 2022 to 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Long to Plant and and
leasehold property machinery fittings Totals
£    £    £    £    £   
COST
Additions 39,061 13,492 22,124 45,272 119,949
At 31 March 2024 39,061 13,492 22,124 45,272 119,949
DEPRECIATION
Charge for period 35 1,349 1,383 4,716 7,483
At 31 March 2024 35 1,349 1,383 4,716 7,483
NET BOOK VALUE
At 31 March 2024 39,026 12,143 20,741 40,556 112,466

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 2,642

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 750
Trade creditors 420
Amounts owed to group undertakings 3,273
Taxation and social security 29
Other creditors 183,502
187,974

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
£   
Within one year 2,619
Between one and five years 99,840
102,459

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
60 Ordinary A 1 60
40 Ordinary B 1 40
100

Sugarfinery London Limited (Registered number: 14420412)

Notes to the Financial Statements - continued
for the Period 14 October 2022 to 31 March 2024

9. RELATED PARTY DISCLOSURES

During the period the Directors loaned to the company a total of £213,932 and were repaid a total of £41,102. The balance outstanding to the Directors at 31.03.2024 is £172,830.