Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31ice cream parlourfalse2024-01-01false33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09359481 2024-01-01 2024-12-31 09359481 2023-01-01 2023-12-31 09359481 2024-12-31 09359481 2023-12-31 09359481 c:Director1 2024-01-01 2024-12-31 09359481 d:Buildings d:LongLeaseholdAssets 2024-01-01 2024-12-31 09359481 d:Buildings d:LongLeaseholdAssets 2024-12-31 09359481 d:Buildings d:LongLeaseholdAssets 2023-12-31 09359481 d:FurnitureFittings 2024-01-01 2024-12-31 09359481 d:FurnitureFittings 2024-12-31 09359481 d:FurnitureFittings 2023-12-31 09359481 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09359481 d:OfficeEquipment 2024-01-01 2024-12-31 09359481 d:OfficeEquipment 2024-12-31 09359481 d:OfficeEquipment 2023-12-31 09359481 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09359481 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09359481 d:CurrentFinancialInstruments 2024-12-31 09359481 d:CurrentFinancialInstruments 2023-12-31 09359481 d:Non-currentFinancialInstruments 2024-12-31 09359481 d:Non-currentFinancialInstruments 2023-12-31 09359481 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 09359481 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09359481 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 09359481 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09359481 d:ShareCapital 2024-12-31 09359481 d:ShareCapital 2023-12-31 09359481 d:RetainedEarningsAccumulatedLosses 2024-12-31 09359481 d:RetainedEarningsAccumulatedLosses 2023-12-31 09359481 c:OrdinaryShareClass1 2024-01-01 2024-12-31 09359481 c:OrdinaryShareClass1 2024-12-31 09359481 c:OrdinaryShareClass1 2023-12-31 09359481 c:FRS102 2024-01-01 2024-12-31 09359481 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09359481 c:FullAccounts 2024-01-01 2024-12-31 09359481 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09359481 d:WithinOneYear 2024-12-31 09359481 d:WithinOneYear 2023-12-31 09359481 d:BetweenOneFiveYears 2024-12-31 09359481 d:BetweenOneFiveYears 2023-12-31 09359481 d:MoreThanFiveYears 2024-12-31 09359481 d:MoreThanFiveYears 2023-12-31 09359481 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09359481














HCP GELATI LIMITED
T/A AMORINO
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

 
HCP GELATI LIMITED
 
T/A AMORINO
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 7

 
HCP GELATI LIMITED
  
T/A AMORINO
REGISTERED NUMBER:09359481

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
2,184,826
1,575,666

Current assets
  

Stocks
  
192,662
136,437

Debtors: amounts falling due after more than one year
 5 
331,705
353,080

Debtors: amounts falling due within one year
 5 
479,712
285,496

Cash at bank and in hand
  
1,472,949
1,014,191

  
2,477,028
1,789,204

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(992,171)
(658,877)

Net current assets
  
 
 
1,484,857
 
 
1,130,327

Total assets less current liabilities
  
3,669,683
2,705,993

Creditors: amounts falling due after more than one year
 7 
(1,813,446)
(1,731,226)

Net assets
  
1,856,237
974,767


Capital and reserves
  

Called up share capital 
 8 
5,000
5,000

Profit and loss account
  
1,851,237
969,767

  
1,856,237
974,767


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
HCP GELATI LIMITED
  
T/A AMORINO
REGISTERED NUMBER:09359481
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 March 2025.


H Attali
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
HCP GELATI LIMITED
 
T/A AMORINO
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

HCP Gelati Limited is a private limited liability company incorporated in England and Wales, with its registered office at 19 Garrick Street, London, WC2E 9AX.
The principal activity of the Company is the operation of ice cream parlours.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the Company in respect of goods and services supplied during the year, exclusive of Value Added Tax.
Revenue from the sale of products is recognised at the point of sale. Revenue from the provision of services is recognised in the period in which the service is provided.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Improvement to leasehold property
-
over the period of lease
Fixtures and fittings
-
10% straight line
Office equipment
-
20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
HCP GELATI LIMITED
 
T/A AMORINO
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

 
2.5

Debtors

Short-term debtors are measured at the transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ Sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Comprehensive Income.

 
2.9

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 4

 
HCP GELATI LIMITED
 
T/A AMORINO
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.10

Borrowing costs

All borrowing costs are recognised in the Statement of Comprehensive Income in the year in which they are incurred.

 
2.11

Taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income..


3.


Employees

All staff are employed by a related party company and their salaries are recharged at cost.
 

4.


Tangible fixed assets





Improvement to leasehold property
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost


At 1 January 2024
1,287,678
1,664,770
84,218
3,036,666


Additions
429,544
609,895
44,783
1,084,222



At 31 December 2024

1,717,222
2,274,665
129,001
4,120,888



Depreciation


At 1 January 2024
575,443
843,059
42,498
1,461,000


Charge for the year on owned assets
171,091
291,785
12,186
475,062



At 31 December 2024

746,534
1,134,844
54,684
1,936,062



Net book value



At 31 December 2024
970,688
1,139,821
74,317
2,184,826



At 31 December 2023
712,235
821,711
41,720
1,575,666

Page 5

 
HCP GELATI LIMITED
 
T/A AMORINO
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
331,705
353,080


2024
2023
£
£

Due within one year

Trade debtors
34,435
31,571

Amounts owed by associates
3,403
1,317

Other debtors
174,910
69,056

Prepayments and accrued income
266,964
183,552

479,712
285,496



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loan
40,000
40,000

Trade creditors
590,741
427,997

Taxation and social security
183,603
25,414

Other creditors
419
601

Accruals and deferred income
177,408
164,865

992,171
658,877


The Company's bank facility is secured by a fixed and floating charge the assets of the Company.


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loan
16,667
56,667

Other loans
1,456,954
1,448,918

Accruals and deferred income
339,825
225,641

1,813,446
1,731,226


The Company's bank facilitiy is secured by a fixed and floating charge the assets of the Company.

Page 6

 
HCP GELATI LIMITED
 
T/A AMORINO
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



5,000 (2023 - 5,000) Ordinary shares of £1 each
5,000
5,000



9.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£



Not later than 1 year
1,063,550
890,683

Later than 1 year and not later than 5 years
3,279,583
2,538,133

Later than 5 years
2,539,688
1,682,500

6,882,821
5,111,316

 
Page 7