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COMPANY REGISTRATION NUMBER: 06214337
Hotshots London Limited
Unaudited Financial Statements
30 April 2024
Hotshots London Limited
Financial Statements
Year ended 30 April 2024
Contents
Page
Director's report
1
Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements
2
Statement of income and retained earnings
3
Statement of financial position
4
Notes to the financial statements
5
Hotshots London Limited
Director's Report
Year ended 30 April 2024
The director presents her report and the unaudited financial statements of the company for the year ended 30 April 2024 .
Director
The director who served the company during the year was as follows:
Miss Z Rigby
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 6 January 2025 and signed on behalf of the board by:
Miss Z Rigby
Director
Registered office:
54 Sun Street
Waltham Abbey
Essex
EN9 1EJ
Hotshots London Limited
Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Hotshots London Limited
Year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hotshots London Limited for the year ended 30 April 2024, which comprise the statement of income and retained earnings, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the director of Hotshots London Limited in accordance with the terms of our engagement letter dated 6 January 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Hotshots London Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hotshots London Limited and its director for our work or for this report.
It is your duty to ensure that Hotshots London Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Hotshots London Limited. You consider that Hotshots London Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Hotshots London Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
ELLIOT, WOOLFE & ROSE LIMITED Chartered Certified Accountants
Devonshire House 582 Honeypot Lane Stanmore Middlesex HA7 1JS
6 January 2025
Hotshots London Limited
Statement of Income and Retained Earnings
Year ended 30 April 2024
Period from
Year to
1 May 22 to
30 Apr 24
29 Apr 23
Note
£
£
Turnover
15,051
116,201
Cost of sales
14,360
104,545
--------
---------
Gross profit
691
11,656
Administrative expenses
1,835
16,497
-------
--------
Operating loss
( 1,144)
( 4,841)
Other interest receivable and similar income
5
5
-------
--------
Loss before taxation
( 1,144)
( 4,836)
Tax on loss
-------
-------
Loss for the financial year and total comprehensive income
( 1,144)
( 4,836)
-------
-------
Retained losses at the start of the year
( 18,849)
( 14,013)
--------
--------
Retained losses at the end of the year
( 19,993)
( 18,849)
--------
--------
All the activities of the company are from continuing operations.
Hotshots London Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
Current assets
Debtors
6
2,692
Cash at bank and in hand
6,410
----
-------
9,102
Creditors: amounts falling due within one year
7
19,991
27,949
--------
--------
Net current liabilities
19,991
18,847
--------
--------
Total assets less current liabilities
( 19,991)
( 18,847)
--------
--------
Net liabilities
( 19,991)
( 18,847)
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 19,993)
( 18,849)
--------
--------
Shareholders deficit
( 19,991)
( 18,847)
--------
--------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 6 January 2025 , and are signed on behalf of the board by:
Miss Z Rigby
Director
Company registration number: 06214337
Hotshots London Limited
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 54 Sun Street, Waltham Abbey, Essex, EN9 1EJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2023: 1 ).
5. Other interest receivable and similar income
Period from
Year to
1 May 22 to
30 Apr 24
29 Apr 23
£
£
Interest on cash and cash equivalents
5
----
----
6. Debtors
2024
2023
£
£
Other debtors
2,692
----
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
19,991
27,949
--------
--------