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REGISTERED NUMBER: 03511603 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

TWO A'S PATISSERIE LIMITED

TWO A'S PATISSERIE LIMITED (REGISTERED NUMBER: 03511603)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TWO A'S PATISSERIE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mr A G Ioannou
Mrs M Ioannou





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 03511603 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

TWO A'S PATISSERIE LIMITED (REGISTERED NUMBER: 03511603)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 77,229 86,312

CURRENT ASSETS
Stocks 5 9,208 8,607
Debtors 6 396,131 426,043
Cash at bank and in hand 82,240 90,968
487,579 525,618
CREDITORS
Amounts falling due within one year 7 182,360 158,508
NET CURRENT ASSETS 305,219 367,110
TOTAL ASSETS LESS CURRENT
LIABILITIES

382,448

453,422

CREDITORS
Amounts falling due after more than one
year

8

67,049

80,342
NET ASSETS 315,399 373,080

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 315,299 372,980
SHAREHOLDERS' FUNDS 315,399 373,080

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 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.

TWO A'S PATISSERIE LIMITED (REGISTERED NUMBER: 03511603)

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 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 22 November 2024 and were signed on its behalf by:





Mr A G Ioannou - Director


TWO A'S PATISSERIE LIMITED (REGISTERED NUMBER: 03511603)

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


1. STATUTORY INFORMATION

Two A's Patisserie 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.

Turnover
Turnover represents amounts derived from the sale of goods to customers during the year, and is recognised at the date the risks and rewards of ownership of goods were transferred to the customer. This is stated after trade discounts, other sales taxes and net of VAT.

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.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 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
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

TWO A'S PATISSERIE LIMITED (REGISTERED NUMBER: 03511603)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 23 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023 439,158 14,043 6,761 459,962
Additions 557 - - 557
At 29 February 2024 439,715 14,043 6,761 460,519
DEPRECIATION
At 1 March 2023 359,203 10,123 4,324 373,650
Charge for year 8,051 980 609 9,640
At 29 February 2024 367,254 11,103 4,933 383,290
NET BOOK VALUE
At 29 February 2024 72,461 2,940 1,828 77,229
At 28 February 2023 79,955 3,920 2,437 86,312

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machinery
£   
COST
At 1 March 2023
and 29 February 2024 42,942
DEPRECIATION
At 1 March 2023 38,714
Charge for year 423
At 29 February 2024 39,137
NET BOOK VALUE
At 29 February 2024 3,805
At 28 February 2023 4,228

5. STOCKS
29.2.24 28.2.23
£    £   
Stocks 9,208 8,607

TWO A'S PATISSERIE LIMITED (REGISTERED NUMBER: 03511603)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 74,890 83,301
Other debtors 7,000 7,000
Amounts due from related party 310,048 327,981
VAT 1,654 4,937
Prepayments 2,539 2,824
396,131 426,043

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts (see note 9) 12,999 5,000
Trade creditors 35,995 40,691
Corporation tax payable 120,907 99,756
Social security and other taxes 3,687 4,314
Pensions 601 516
Accruals and deferred income 8,171 8,231
182,360 158,508

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans (see note 9) 35,230 36,250
Other loans (see note 9) 31,819 44,092
67,049 80,342

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,054 16,250

9. LOANS

An analysis of the maturity of loans is given below:

29.2.24 28.2.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 12,999 5,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,578 5,000

TWO A'S PATISSERIE LIMITED (REGISTERED NUMBER: 03511603)

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


9. LOANS - continued
29.2.24 28.2.23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 16,598 15,000
Other loans 31,819 44,092
48,417 59,092

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,054 16,250

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100