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Company Registration No. 12112871 (England and Wales)
Oat Coffee Limited Unaudited accounts for the year ended 31 December 2024
Oat Coffee Limited Unaudited accounts Contents
Page
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Oat Coffee Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
42,103 
53,677 
Current assets
Debtors
39,730 
30,466 
Cash at bank and in hand
34,198 
35,854 
73,928 
66,320 
Creditors: amounts falling due within one year
(263,770)
(264,297)
Net current liabilities
(189,842)
(197,977)
Total assets less current liabilities
(147,739)
(144,300)
Creditors: amounts falling due after more than one year
(5,000)
(15,001)
Net liabilities
(152,739)
(159,301)
Capital and reserves
Called up share capital
4 
2 
Profit and loss account
(152,743)
(159,303)
Shareholders' funds
(152,739)
(159,301)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by
Morten Jensen Director Company Registration No. 12112871
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Oat Coffee Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Oat Coffee Limited is a private company, limited by shares, registered in England and Wales, registration number 12112871. The registered office is 17 BECK ROAD, LONDON, E8 4RE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The company's financial statements have been prepared on a going concern basis. The directors' consider the going concern assumption to be valid as a result of their expectation of future profitable trading and the provision of the directors ongoing support and commitment to the company to make funds available to enable the company to meet its liabilities as they fall due. The period considered by the directors in reaching this conclusion is not less than 12 months from the date of signing the balance sheet. No adjustments have been made to these accounts and specifically to the recoverable value of fixed assets should this assumption not be valid.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Oat Coffee Limited Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 January 2024
103,996 
Additions
2,074 
At 31 December 2024
106,070 
Depreciation
At 1 January 2024
50,319 
Charge for the year
13,648 
At 31 December 2024
63,967 
Net book value
At 31 December 2024
42,103 
At 31 December 2023
53,677 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,638 
1,728 
Other debtors
37,092 
28,738 
39,730 
30,466 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,888 
10,000 
VAT
18,816 
28,761 
Trade creditors
15,391 
29,182 
Taxes and social security
6,726 
8,087 
Other creditors
209,809 
184,109 
Loans from directors
- 
1,998 
Accruals
2,140 
2,160 
263,770 
264,297 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,000 
15,001 
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Oat Coffee Limited Notes to the Accounts for the year ended 31 December 2024
8
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 December 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
48,000 
48,000 
Later than one year and not later than five years
192,000 
192,000 
Later than five years
48,000 
96,000 
288,000 
336,000 
9
Loans to directors
During the period, Morten Jensen, a director of the company received reimbursement of expenses in the amount of £2,000 (2022 - £3,646). The balance owed by Morten Jensen at the period end was £1 (2023 - owed to Morten Jensen £1,999). All transactions were carried out on an arms length commercial basis. The balance is due on demand and bears no interest.
10
Transactions with related parties
During the period, Oat Coffee Limited entered into a number of transactions with In East London Limited, a company controlled by Morten Jensen and Darren Collins. During the period, Oat Coffee Limited received monies amounting to £nil (2023 - £66,500) and paid monies amounting to £7,022 (2023 - £5,000). The balance due to In East London Limited as at 31 December 2024 was £104,978 (2023 - £112,000). All transactions were carried out on an arms length commercial basis. The balance outstanding at 31 December 2024 is repayable on demand and is provided interest free. During the period, Oat Coffee Limited entered into a number of transactions with Protein Studios Shoreditch Limited, a company controlled by William Rowe. During the period, Oat Coffee Limited was credited gross rent amounting to £34,931 (2023 - £40,800) and received monies amounting to £28,516 (2023 - £27,600). The balance due to Oat Coffee Limited as at 31 December 2024 was £19,223 (2023 - £12,808). All transactions were carried out on an arms length commercial basis. The balance outstanding at 31 December 2024 is repayable on demand and is provided interest free. During the period, Oat Coffee Limited entered into a number of transactions with The Group (London) Limited, a company controlled by Darren Collins. During the period, Oat Coffee Limited was charged gross property costs by The Group (London) Limited amounting to £101,993 (2023 - £84,174) and repaid invoiced costs amounting to £69,728 (2023 - £82,529). The balance due to The Group (London) Limited as at 31 December 2024 was £49,103 (2023 - £16,839). All transactions were carried out on an arms length commercial basis. The balance outstanding at 31 December 2024 is repayable on demand and is provided interest free.
11
Average number of employees
During the year the average number of employees was 9 (2023: 10).
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