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REGISTERED NUMBER: 07470374 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Three's Company (Catering) Limited

Three's Company (Catering) Limited (Registered number: 07470374)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 11

Three's Company (Catering) Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: C Blundell
D T C Evans
S R Shelmerdine
C P Shelmerdine





REGISTERED OFFICE: Unit 4, Europa Boulevard
Westbrook
Warrington
Cheshire
WA5 7ZT





REGISTERED NUMBER: 07470374 (England and Wales)





ACCOUNTANTS: Voisey & Co LLP
Chartered Accountants
8 Winmarleigh Street
Warrington
Cheshire
WA1 1JW

Three's Company (Catering) Limited (Registered number: 07470374)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,461,578 2,059,394
3,461,578 2,059,394

CURRENT ASSETS
Stocks 6 297,218 245,167
Debtors 7 341,567 394,068
Cash at bank 937,465 261,201
1,576,250 900,436
CREDITORS
Amounts falling due within one year 8 2,119,571 1,620,892
NET CURRENT LIABILITIES (543,321 ) (720,456 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,918,257

1,338,938

CREDITORS
Amounts falling due after more than one year 9 (2,427,325 ) (1,109,809 )

PROVISIONS FOR LIABILITIES 13 (221,617 ) (137,194 )
NET ASSETS 269,315 91,935

CAPITAL AND RESERVES
Called up share capital 14 19,219 19,219
Share premium 243,081 243,081
Retained earnings 7,015 (170,365 )
SHAREHOLDERS' FUNDS 269,315 91,935

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

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.

Three's Company (Catering) Limited (Registered number: 07470374)

Balance Sheet - continued
31 December 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2025 and were signed on its behalf by:





C P Shelmerdine - Director


Three's Company (Catering) Limited (Registered number: 07470374)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Three's Company (Catering) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

Turnover
The turnover as shown in the Income Statement represents the value of all goods sold during the period at a selling price exclusive of Value Added Tax. Sales are recognised at the point at which the company has fulfilled its contractual obligations to the customer.

Intangible assets
The company's website is capitalised as an intangible asset. It is amortised to profit and loss account over its estimated economic life of 3 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 33% on cost and 10% on cost
Motor vehicles - 10% on cost
Computer and office equipment - 33% on cost

Assets under construction relate to new Coffee House sites which are currently being redeveloped before opening and therefore no depreciation has been provided.

Stocks and work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.


Three's Company (Catering) Limited (Registered number: 07470374)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Leases
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 263 (2023 - 200 ) .

Three's Company (Catering) Limited (Registered number: 07470374)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024
and 31 December 2024 9,560
AMORTISATION
At 1 January 2024
and 31 December 2024 9,560
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Assets in Improvements
course of to Plant and
construction property machinery
£    £    £   
COST
At 1 January 2024 213,679 2,192,790 150,742
Additions 715,474 858,349 2,366
Disposals - (4,618 ) (62,648 )
Reclassification/transfer (213,679 ) 213,679 -
At 31 December 2024 715,474 3,260,200 90,460
DEPRECIATION
At 1 January 2024 - 519,325 110,453
Charge for year - 270,846 9,333
Eliminated on disposal - - (62,648 )
At 31 December 2024 - 790,171 57,138
NET BOOK VALUE
At 31 December 2024 715,474 2,470,029 33,322
At 31 December 2023 213,679 1,673,465 40,289

Three's Company (Catering) Limited (Registered number: 07470374)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS - continued

Computer
Fixtures and
and Motor office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 176,090 78,648 69,603 2,881,552
Additions 39,632 120,301 7,554 1,743,676
Disposals (42,326 ) (6,700 ) (25,204 ) (141,496 )
Reclassification/transfer - - - -
At 31 December 2024 173,396 192,249 51,953 4,483,732
DEPRECIATION
At 1 January 2024 118,203 25,605 48,572 822,158
Charge for year 27,833 10,640 15,988 334,640
Eliminated on disposal (42,325 ) (4,467 ) (25,204 ) (134,644 )
At 31 December 2024 103,711 31,778 39,356 1,022,154
NET BOOK VALUE
At 31 December 2024 69,685 160,471 12,597 3,461,578
At 31 December 2023 57,887 53,043 21,031 2,059,394

6. STOCKS
31.12.24 31.12.23
£    £   
Stocks 297,218 245,167

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 61,403 173,690
Other debtors 53,976 49,548
Directors' current accounts - 15,500
Prepayments and accrued income 226,188 155,330
341,567 394,068

Three's Company (Catering) Limited (Registered number: 07470374)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts (see note 10) 63,273 63,110
Hire purchase contracts (see note 11) 126,238 152,755
Trade creditors 756,185 611,742
Social security and other taxes 505,333 367,316
Other creditors 474,040 343,571
Directors' current accounts 10,200 -
Accrued expenses 184,302 82,398
2,119,571 1,620,892

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans (see note 10) 87,500 143,303
Hire purchase contracts (see note 11) 203,261 298,224
Shareholder loans 636,564 668,282
Secured loans 1,500,000 -
2,427,325 1,109,809

10. LOANS

An analysis of the maturity of loans is given below:

31.12.24 31.12.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 63,273 63,110

Amounts falling due between one and two years:
Bank loans 87,500 143,303

11. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.24 31.12.23
£    £   
Net obligations repayable:
Within one year 126,238 152,755
Between one and five years 203,261 298,224
329,499 450,979

Three's Company (Catering) Limited (Registered number: 07470374)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

11. LEASING AGREEMENTS - continued

Non-cancellable operating leases
31.12.24 31.12.23
£    £   
Within one year 1,071,414 761,106
Between one and five years 3,107,386 2,104,014
In more than five years 4,036,466 3,056,216
8,215,266 5,921,336

12. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Secured loans 1,500,000 -

The secured loans are fully secured by a fixed and floating charge over all assets of the Company

13. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax
Accelerated capital allowances 593,692 391,276
Tax losses carried forward (372,075 ) (254,082 )
221,617 137,194

Deferred
tax
£   
Balance at 1 January 2024 137,194
Charge to Income Statement during year 84,423
Balance at 31 December 2024 221,617

14. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
98,976 A Ordinary 10p 9,898 12,300
69,190 B Ordinary 10p 6,919 6,919
24,024 C Ordinary 10p 2,402 -
19,219 19,219

Three's Company (Catering) Limited (Registered number: 07470374)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

14. CALLED UP SHARE CAPITAL - continued

In the year 24,024 A Ordinary shares were redesignated as C Ordinary shares.

15. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within Debtors are the following loans to directors directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
C P Shelmerdine
Balance outstanding at start of year 5,500 -
Amounts advanced - 5,500
Amounts repaid (5,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 5,500

S R Shelmerdine
Balance outstanding at start of year 10,000 -
Amounts advanced - 10,000
Amounts repaid (10,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 10,000

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Three's Company (Catering) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Three's Company (Catering) Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Three's Company (Catering) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Three's Company (Catering) Limited and state those matters that we have agreed to state to the Board of Directors of Three's Company (Catering) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Three's Company (Catering) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Three's Company (Catering) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Three's Company (Catering) Limited. You consider that Three's Company (Catering) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Three's Company (Catering) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Voisey & Co LLP
Chartered Accountants
8 Winmarleigh Street
Warrington
Cheshire
WA1 1JW


9 April 2025