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REGISTERED NUMBER: 14878294 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

18 MAY 2023 TO 31 MAY 2024

FOR

FOUNDRY COFFEE (EASTBOURNE) LTD

FOUNDRY COFFEE (EASTBOURNE) LTD (REGISTERED NUMBER: 14878294)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 18 MAY 2023 TO 31 MAY 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


FOUNDRY COFFEE (EASTBOURNE) LTD (REGISTERED NUMBER: 14878294)

BALANCE SHEET
31 MAY 2024

Notes £    £   
FIXED ASSETS
Tangible assets 5 32,681

CURRENT ASSETS
Debtors 6 18,456
Cash at bank 488
18,944
CREDITORS
Amounts falling due within one year 7 72,565
NET CURRENT LIABILITIES (53,621 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(20,940

)

CAPITAL AND RESERVES
Called up share capital 9 100
Retained earnings (21,040 )
SHAREHOLDERS' FUNDS (20,940 )

FOUNDRY COFFEE (EASTBOURNE) LTD (REGISTERED NUMBER: 14878294)

BALANCE SHEET - continued
31 MAY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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 14 February 2025 and were signed by:





Mr R J Carter - Director


FOUNDRY COFFEE (EASTBOURNE) LTD (REGISTERED NUMBER: 14878294)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 18 MAY 2023 TO 31 MAY 2024


1. STATUTORY INFORMATION

Foundry Coffee (Eastbourne) Ltd 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: 14878294

Registered office: 53 Gildredge Road
Eastbourne
East Sussex
BN21 4SF

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost

All fixed assets are initially recorded at cost.

FOUNDRY COFFEE (EASTBOURNE) LTD (REGISTERED NUMBER: 14878294)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 18 MAY 2023 TO 31 MAY 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.


FOUNDRY COFFEE (EASTBOURNE) LTD (REGISTERED NUMBER: 14878294)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 18 MAY 2023 TO 31 MAY 2024


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 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.

Going concern
The accounts have been prepared on a going concern basis not withstanding the excess of current liabilities over current assets. The group have confirmed their intention to continue their support to the company for the foreseeable future.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

5. TANGIBLE FIXED ASSETS
Improvements
to
property
£   
COST
Additions 36,312
At 31 May 2024 36,312
DEPRECIATION
Charge for period 3,631
At 31 May 2024 3,631
NET BOOK VALUE
At 31 May 2024 32,681

FOUNDRY COFFEE (EASTBOURNE) LTD (REGISTERED NUMBER: 14878294)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 18 MAY 2023 TO 31 MAY 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 1,607
Other debtors 100
VAT 1,036
Deferred tax asset
Tax losses carried forward 5,803
Prepayments and accrued income 9,910
18,456

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 2,353
Amounts owed to group undertakings 67,180
Director's current account 1,357
Accruals and deferred income 1,675
72,565

8. DEFERRED TAX
£   
Provided during period (5,803 )
Balance at 31 May 2024 (5,803 )

9. CALLED UP SHARE CAPITAL

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

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

10. RELATED PARTY DISCLOSURES

Included in creditors is a balance of £45,487 due to the parent company, Foundry Coffee Group Limited. During the period, interest of £1,001 was charged on the balance due. Interest was charged at official rate of 2.25%.

Included in creditors is a balance of £21,692 due to a group company, Foundry Coffee Company Limited. During the period, interest of £477 was charged on the balance due. Interest was charged at official rate of 2.25%.

FOUNDRY COFFEE (EASTBOURNE) LTD (REGISTERED NUMBER: 14878294)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 18 MAY 2023 TO 31 MAY 2024


11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Foundry Coffee Group Ltd.