Cookie Dough Franchise Ltd 08736186 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores Digita Accounts Production Advanced 6.30.9574.0 true false true 08736186 2023-01-01 2023-12-31 08736186 2023-12-31 08736186 core:CurrentFinancialInstruments 2023-12-31 08736186 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 08736186 core:OfficeEquipment 2023-12-31 08736186 core:AllAssociates 2023-12-31 08736186 bus:SmallEntities 2023-01-01 2023-12-31 08736186 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08736186 bus:FilletedAccounts 2023-01-01 2023-12-31 08736186 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08736186 bus:RegisteredOffice 2023-01-01 2023-12-31 08736186 bus:Director4 2023-01-01 2023-12-31 08736186 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08736186 core:OfficeEquipment 2023-01-01 2023-12-31 08736186 core:AllAssociates 2023-01-01 2023-12-31 08736186 countries:EnglandWales 2023-01-01 2023-12-31 08736186 2022-12-31 08736186 core:CostValuation 2022-12-31 08736186 core:OfficeEquipment 2022-12-31 08736186 2022-01-01 2022-12-31 08736186 2022-12-31 08736186 core:CurrentFinancialInstruments 2022-12-31 08736186 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 08736186 core:OfficeEquipment 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 08736186

Cookie Dough Franchise Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Cookie Dough Franchise Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 7

 

Cookie Dough Franchise Ltd

(Registration number: 08736186)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

528

875

Investments

5

4

4

 

532

879

Current assets

 

Debtors

6

2,269,933

2,331,764

Creditors: Amounts falling due within one year

7

(285,942)

(130,965)

Net current assets

 

1,983,991

2,200,799

Net assets

 

1,984,523

2,201,678

Capital and reserves

 

Called up share capital

6

6

Share premium reserve

2,922,749

2,922,749

Retained earnings

(938,232)

(721,077)

Shareholders' funds

 

1,984,523

2,201,678

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 February 2025 and signed on its behalf by:
 

Mr T Ghali
Director

   
     
 

Cookie Dough Franchise Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 Queen Street
Bath
BA1 1HE

These financial statements were authorised for issue by the Board on 20 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company, and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has retained losses of £938,232 (2022 - £721,077). The company maintains a loan with its subisdiary undertakings, and the company has the ability to request full or part repayment of this loan as and when necessary. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Grants are credited to deferred income. Grants towards capital expenditure are released to the profit
and loss account over the expected useful life of the assets. Grants towards revenue expenditure are
released to the profit and loss account as the related expenditure is incurred.

 

Cookie Dough Franchise Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Cookie Dough Franchise Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 10 (2022 - 11).

 

Cookie Dough Franchise Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 January 2023

1,052

1,052

At 31 December 2023

1,052

1,052

Depreciation

At 1 January 2023

177

177

Charge for the year

347

347

At 31 December 2023

524

524

Carrying amount

At 31 December 2023

528

528

At 31 December 2022

875

875

5

Investments

2023
£

2022
£

Investments in subsidiaries

4

4

Subsidiaries

£

Cost or valuation

At 1 January 2023

4

Carrying amount

At 31 December 2023

4

At 31 December 2022

4

 

Cookie Dough Franchise Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

Debtors

Note

2023
£

2022
£

Trade debtors

 

453,095

519,217

Amounts owed by related parties

9

1,739,823

1,807,363

Other debtors

 

2,081

2,277

Prepayments

 

2,907

2,907

Accrued income

 

72,027

-

 

2,269,933

2,331,764

7

Creditors

Due within one year

Note

2023
£

2022
£

 

Loans and borrowings

8

44,914

43,762

Amounts due to related parties

9

234,328

83,416

Social security and other taxes

 

1,000

587

Accruals

 

5,700

3,200

 

285,942

130,965



Creditors include bank loans which are secured of £44,914 (2022 - £43,762).

The company bankers have a fixed and floating charge over the company's assets both present and future dated 22 June 2022.

8

Loans and borrowings

Current loans and borrowings

2023
£

2022
£

Bank borrowings

44,914

43,762

9

Related party transactions

The company has taken advantage of the exemption available in FRS 102 whereby it has not disclosed transactions or balances with any wholly owned subsidiary undertaking of the group.

 

Cookie Dough Franchise Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Loans from related parties

2023

Associates
£

Total
£

Advanced

246,300

246,300

Repaid

(83,795)

(83,795)

At end of period

162,505

162,505

Terms of loans from related parties

Loans from associates are interest free and repayable on demand.
 

10

Group accounts not prepared

The financial statements contain information about Cookie Dough Franchise Ltd as an individual company and do not contain consolidated financial information as it is the parent of a small group.