Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true5false5true2023-01-01falseNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09207356 2023-01-01 2023-12-31 09207356 2022-01-01 2022-12-31 09207356 2023-12-31 09207356 2022-12-31 09207356 c:Director1 2023-01-01 2023-12-31 09207356 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 09207356 d:Buildings d:LongLeaseholdAssets 2023-12-31 09207356 d:Buildings d:LongLeaseholdAssets 2022-12-31 09207356 d:PlantMachinery 2023-01-01 2023-12-31 09207356 d:PlantMachinery 2023-12-31 09207356 d:PlantMachinery 2022-12-31 09207356 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09207356 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09207356 d:CurrentFinancialInstruments 2023-12-31 09207356 d:CurrentFinancialInstruments 2022-12-31 09207356 d:Non-currentFinancialInstruments 2023-12-31 09207356 d:Non-currentFinancialInstruments 2022-12-31 09207356 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09207356 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09207356 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09207356 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 09207356 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 09207356 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 09207356 d:ShareCapital 2023-12-31 09207356 d:ShareCapital 2022-12-31 09207356 d:RetainedEarningsAccumulatedLosses 2023-12-31 09207356 d:RetainedEarningsAccumulatedLosses 2022-12-31 09207356 c:OrdinaryShareClass1 2023-01-01 2023-12-31 09207356 c:OrdinaryShareClass1 2023-12-31 09207356 c:FRS102 2023-01-01 2023-12-31 09207356 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09207356 c:FullAccounts 2023-01-01 2023-12-31 09207356 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09207356 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09207356









MORELLI'S GELATO CG LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
MORELLI'S GELATO CG LIMITED
REGISTERED NUMBER: 09207356

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
12,079
20,148

  
12,079
20,148

Current assets
  

Stocks
  
3,264
3,252

Debtors: amounts falling due within one year
 5 
260,268
209,937

Bank and cash balances
  
580
1,727

  
264,112
214,916

Current liabilities
  

Creditors: Amounts Falling Due Within One Year
 6 
(518,710)
(531,201)

Net current liabilities
  
 
 
(254,598)
 
 
(316,285)

Total assets less current liabilities
  
(242,519)
(296,137)

Creditors: amounts falling due after more than one year
 7 
(18,611)
(29,656)

  

Net liabilities
  
(261,130)
(325,793)


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
(261,230)
(325,893)

  
(261,130)
(325,793)


Page 1

 
MORELLI'S GELATO CG LIMITED
REGISTERED NUMBER: 09207356
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 October 2024.




E Morelli Schofield
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
MORELLI'S GELATO CG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Morelli's Gelato CG Limited is a private company limited by shares incorporated in England and Wales. The registered office is 124 Finchley Road, London, NW3 5JS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

  
2.2

Revenue

Revenue is recognised at the point of sale of goods to customers in the shop and is recorded net of VAT.

 
2.3

Going concern

The company meets its day to day working capital requirements through its banking facilities and support from its parent company.
After reviewing the company's forecast and projection, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
10 Years straight line
Plant and machinery
-
10 Years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
MORELLI'S GELATO CG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

  
2.5

Stocks

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.

  
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment

  
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

  
2.9

Operating leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

  
2.10

Financial instruments

The company only enters into basic financial instrument transactions 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 5).

Page 4

 
MORELLI'S GELATO CG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Land and buildings leasehold
Plant and machinery
Total

£
£
£



Cost 


At 1 January 2023
5,605
119,076
124,681


Additions
-
4,002
4,002



At 31 December 2023

5,605
123,078
128,683



Depreciation


At 1 January 2023
5,300
99,233
104,533


Charge for the year on owned assets
305
11,766
12,071



At 31 December 2023

5,605
110,999
116,604



Net book value



At 31 December 2023
-
12,079
12,079



At 31 December 2022
305
19,843
20,148

Page 5

 
MORELLI'S GELATO CG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
1,185
78

Amounts owed by group undertakings
251,036
127,567

Other debtors
2,800
62,800

Prepayments and accrued income
5,247
19,492

260,268
209,937



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
4,557
6,793

Bank loans
10,000
10,000

Trade creditors
156,328
223,782

Amounts owed to group undertakings
7,202
2,764

Other taxation and social security
19,355
12,887

Other creditors
321,268
274,975

518,710
531,201



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
18,611
29,656

18,611
29,656


Page 6

 
MORELLI'S GELATO CG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Bank loans due within one year
10,000
10,000

Bank loans due between 2-5 years
18,611
29,656

28,611
39,656



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1.00 each
100
100



10.


Pension commitments

The Company operates a defined contributions pension scheme. The pension cost charge represents contributions payable by the Company to the fund and amounted to £907 (2022: £587). Contributions totalling £159 (2022: £Nil) were payable to the fund at the reporting date and are included in creditors.


11.


Related party transactions

The company has taken advantage of the exemptions from disclosure available to subsidiary undertakings under section 33.1A of FRS 102 in connection with intra group transactions..
At the reporting date the company was owed £2,800 (2022: £2,800) by the Director and was owed a total of £290,850 (2022: £251,264) to other related parties.

 
Page 7