REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD 1 DECEMBER 2022 TO 30 APRIL 2024 |
FOR |
COFFEE UNITED HOLDINGS LTD |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD 1 DECEMBER 2022 TO 30 APRIL 2024 |
FOR |
COFFEE UNITED HOLDINGS LTD |
COFFEE UNITED HOLDINGS LTD (REGISTERED NUMBER: 12997550) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 DECEMBER 2022 TO 30 APRIL 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
COFFEE UNITED HOLDINGS LTD |
COMPANY INFORMATION |
FOR THE PERIOD 1 DECEMBER 2022 TO 30 APRIL 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Accountants and Business Advisors |
Finchale House |
Belmont Business Park |
Durham |
DH1 1TW |
COFFEE UNITED HOLDINGS LTD (REGISTERED NUMBER: 12997550) |
BALANCE SHEET |
30 APRIL 2024 |
2024 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
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 |
COFFEE UNITED HOLDINGS LTD (REGISTERED NUMBER: 12997550) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 DECEMBER 2022 TO 30 APRIL 2024 |
1. | STATUTORY INFORMATION |
Coffee United Holdings Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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. |
Investments in subsidiaries |
Interests in subsidiaries are initially measured at cost and are subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at easy reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss. |
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities. |
Taxation |
Taxation for the period 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. |
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 period 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL (2022 - NIL). |
COFFEE UNITED HOLDINGS LTD (REGISTERED NUMBER: 12997550) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 DECEMBER 2022 TO 30 APRIL 2024 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 December 2022 |
Additions |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 November 2022 |
The subsidiary undertakings of the company as at the balance sheet date are as follows: |
Coffee United (Aycliffe) Ltd |
Coffee United (Bingley) Ltd |
Coffee United (Catterick) Ltd |
Coffee United (Jesmond) Ltd |
Coffee United (Peterlee) Ltd |
Coffee United (Skelmersdale) Ltd |
Coffee United (Thornaby) Ltd |
Coffee United Recruitment Ltd |
Coffee United Roasters Ltd |
Coffee United Franchising Ltd |
Siesta 2 Go Ltd |
The registered office of each of the above subsidiary undertakings is The Oak Centre Whinfield Drive, Aycliffe Business Park, Newton Aycliffe, Durham, United Kingdom, DL5 6AU. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2022 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2022 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Other creditors |
COFFEE UNITED HOLDINGS LTD (REGISTERED NUMBER: 12997550) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 DECEMBER 2022 TO 30 APRIL 2024 |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2022 |
value: | £ | £ |
Ordinary | £1 | 2 | 2 |
8. | RELATED PARTY DISCLOSURES |
During the year the company provided an interest free loan to a company related by way of sharing directors. As at the balance sheet date the total amount outstanding was £221,660 (2022: £Nil). |
During the year the directors maintained interest free loans to the company. At the balance sheet date the amount outstanding was £8 (2022: £8). |