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REGISTERED NUMBER: 13241376 (England and Wales)

















ESQUIRES COFFEE HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






ESQUIRES COFFEE HOLDINGS LIMITED (REGISTERED NUMBER: 13241376)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


ESQUIRES COFFEE HOLDINGS LIMITED (REGISTERED NUMBER: 13241376)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,710 -
Investments 5 565,526 565,726
596,236 565,726

CURRENT ASSETS
Debtors 6 964,678 902,566
Cash at bank 13,875 1,491
978,553 904,057
CREDITORS
Amounts falling due within one year 7 445,198 444,140
NET CURRENT ASSETS 533,355 459,917
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,129,591

1,025,643

CREDITORS
Amounts falling due after more than one
year

8

285,392

396,402
NET ASSETS 844,199 629,241

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 843,799 628,841
844,199 629,241

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ESQUIRES COFFEE HOLDINGS LIMITED (REGISTERED NUMBER: 13241376)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 October 2024 and were signed by:





M C Webb - Director


ESQUIRES COFFEE HOLDINGS LIMITED (REGISTERED NUMBER: 13241376)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Esquires Coffee Holdings Limited 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: 13241376

Registered office: 71 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The director has assessed the company's future projections and cash flow forecasts and believe that the going concern basis of preparation remains appropriate.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 20% on reducing balance

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

ESQUIRES COFFEE HOLDINGS LIMITED (REGISTERED NUMBER: 13241376)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

ESQUIRES COFFEE HOLDINGS LIMITED (REGISTERED NUMBER: 13241376)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 34,122
At 29 February 2024 34,122
DEPRECIATION
Charge for year 3,412
At 29 February 2024 3,412
NET BOOK VALUE
At 29 February 2024 30,710

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 34,122
At 29 February 2024 34,122
NET BOOK VALUE
At 29 February 2024 34,122

5. FIXED ASSET INVESTMENTS
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 March 2023 565,626 100 565,726
Disposals (200 ) - (200 )
At 29 February 2024 565,426 100 565,526
NET BOOK VALUE
At 29 February 2024 565,426 100 565,526
At 28 February 2023 565,626 100 565,726

ESQUIRES COFFEE HOLDINGS LIMITED (REGISTERED NUMBER: 13241376)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 861,425 877,066
Other debtors 103,253 25,500
964,678 902,566

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 77,318 77,318
Hire purchase contracts 7,281 -
Trade creditors (850 ) -
Amounts owed to group undertakings 60,964 16,591
Other creditors 300,485 350,231
445,198 444,140

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 266,584 396,402
Hire purchase contracts 18,808 -
285,392 396,402

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 343,902 473,720

Metro Bank have a fixed and floating charge over the assets of the company and some of its subsidiaries.

ESQUIRES COFFEE HOLDINGS LIMITED (REGISTERED NUMBER: 13241376)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

10. RELATED PARTY DISCLOSURES

Directors Loan
At the year end, the company owed the director £250,616 (2023: £275,210).

The director has personally guaranteed the debt from Metro Bank.

Webb Enterprises (Stevenage) Limited
A company in which the director has control.

At the year end, the amount owed to related party was £13,654 (2023: £16,524).

Dunwich Farm Limited
A company in which the director has control.

At the year end, the amount owed to related party was £25,915 (2023: £59,397).

Esquires Coffee Herts Limited
A company in which the director is also a director of.

At the year end, the due from the related party was £25,500 (2023: £25,500).

Black Goo Holdings Limited
A company in which the director is also a director of.

At the year end, the due from the related party was £73,000 (2023: £Nil).