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Registration number: 14945346

Preppy Kitchen UK Ltd

Unaudited Filleted Financial Statements

for the Period from 19 June 2023 to 30 June 2024

 

Preppy Kitchen UK Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Preppy Kitchen UK Ltd

Company Information

Directors:

Mr B Dow

Mr J K Kanell

Registered office:

Savoy House
Savoy Circus
London
W3 7DA

Registered number:

14945346

Accountants:

Wem & Co
Chartered Accountants
Savoy House
Savoy Circus
London
W3 7DA

 

Preppy Kitchen UK Ltd

(Registration number: 14945346)
Balance Sheet as at 30 June 2024

Note

30.06.24

   

£

£

FIXED ASSETS

   

Tangible assets

4

 

828

CURRENT ASSETS

   

Debtors

5

65,845

 

CREDITORS

   

Creditors within 1yr

6

67,202

 

Net current liabilities

   

(1,357)

Net liabilities

   

(529)

CAPITAL AND RESERVES

   

Called up share capital

 

1

Profit and loss account

 

(530)

Shareholders' deficit

   

(529)

For the financial period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period 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 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 18 March 2025

.........................................
Mr B Dow
Director

 

Preppy Kitchen UK Ltd

Notes to the Unaudited Financial Statements for the Period from 19 June 2023 to 30 June 2024

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:
Savoy House
Savoy Circus
London
W3 7DA
England

These financial statements were authorised for issue by the Board on 18 March 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 presentational currency is Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis on the basis that the directors and the parent company will support for the next 12 months from the date of signing these 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.

 

Preppy Kitchen UK Ltd

Notes to the Unaudited Financial Statements for the Period from 19 June 2023 to 30 June 2024 (continued)

2

Accounting policies (continued)

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

Plant and Machinery

Straight line - 4 years

Trade 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.

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 period, was 0.

 

Preppy Kitchen UK Ltd

Notes to the Unaudited Financial Statements for the Period from 19 June 2023 to 30 June 2024 (continued)

4.

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

Additions

1,035

1,035

At 30 June 2024

1,035

1,035

Depreciation

Charge for the period

207

207

At 30 June 2024

207

207

Carrying amount

At 30 June 2024

828

828

5.

Debtors

Current

30.06.24
£

Trade debtors

65,845

 

65,845

The company is owed £65,845 by its parent company, Food Media And Commerce, Llc, United States.

6.

Creditors

Creditors: amounts falling due within one year

30.06.24
£

Due within one year

Taxation and social security

17,297

Accruals and deferred income

7,200

Other creditors

42,705

67,202

Included in other creditors is £42,705 owed to the director. No interest or repayment terms have been set.