IRIS Accounts Production v24.2.0.383 14025620 director 1.3.23 29.2.24 29.2.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh140256202023-02-28140256202024-02-29140256202023-03-012024-02-29140256202022-04-04140256202022-04-052023-02-28140256202023-02-2814025620ns15:EnglandWales2023-03-012024-02-2914025620ns14:PoundSterling2023-03-012024-02-2914025620ns10:Director12023-03-012024-02-2914025620ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2914025620ns10:SmallEntities2023-03-012024-02-2914025620ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2914025620ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2914025620ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2914025620ns10:FullAccounts2023-03-012024-02-291402562012023-03-012024-02-2914025620ns5:CurrentFinancialInstruments2024-02-2914025620ns5:CurrentFinancialInstruments2023-02-2814025620ns5:ShareCapital2024-02-2914025620ns5:ShareCapital2023-02-2814025620ns5:RetainedEarningsAccumulatedLosses2024-02-2914025620ns5:RetainedEarningsAccumulatedLosses2023-02-2814025620ns10:RegisteredOffice2023-03-012024-02-2914025620ns5:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2914025620ns5:PatentsTrademarksLicencesConcessionsSimilar2023-03-012024-02-2914025620ns5:IntangibleAssetsOtherThanGoodwill2023-02-2814025620ns5:IntangibleAssetsOtherThanGoodwill2024-02-2914025620ns5:IntangibleAssetsOtherThanGoodwill2023-02-2814025620ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2914025620ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-28140256201ns10:Director12023-02-28140256201ns10:Director12022-04-04140256201ns10:Director12023-03-012024-02-29140256201ns10:Director12022-04-052023-02-28140256201ns10:Director12024-02-29140256201ns10:Director12023-02-28
REGISTERED NUMBER: 14025620 (England and Wales)

















ESQUIRES COFFEE (LONDON) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






ESQUIRES COFFEE (LONDON) LIMITED (REGISTERED NUMBER: 14025620)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


ESQUIRES COFFEE (LONDON) LIMITED (REGISTERED NUMBER: 14025620)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 282,500 47,083

CURRENT ASSETS
Debtors 5 48,630 9,289
Cash at bank 6,095 14,926
54,725 24,215
CREDITORS
Amounts falling due within one year 6 336,931 70,993
NET CURRENT LIABILITIES (282,206 ) (46,778 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

294

305

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 194 205
294 305

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.

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 (LONDON) LIMITED (REGISTERED NUMBER: 14025620)

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

1. STATUTORY INFORMATION

Esquires Coffee (London) 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: 14025620

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

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 a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Licences are being amortised evenly over their estimated useful life of ten years.

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.

ESQUIRES COFFEE (LONDON) LIMITED (REGISTERED NUMBER: 14025620)

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

2. ACCOUNTING POLICIES - continued

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

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023 50,000
Additions 250,000
At 29 February 2024 300,000
AMORTISATION
At 1 March 2023 2,917
Charge for year 14,583
At 29 February 2024 17,500
NET BOOK VALUE
At 29 February 2024 282,500
At 28 February 2023 47,083

ESQUIRES COFFEE (LONDON) LIMITED (REGISTERED NUMBER: 14025620)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,158 2,802
Other debtors 41,472 6,487
48,630 9,289

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 224,844 2,332
Amounts owed to group undertakings 84,098 64,426
Taxation and social security 556 4,088
Other creditors 27,433 147
336,931 70,993

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 29 February 2024 and the period ended 28 February 2023:

2024 2023
£    £   
M C Webb
Balance outstanding at start of year - -
Amounts advanced - 2,054
Amounts repaid - (2,054 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -