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REGISTERED NUMBER: 03859345 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2022

for

Organic Warehouse (Chelsea) Limited

Organic Warehouse (Chelsea) Limited (Registered number: 03859345)






Contents of the Financial Statements
for the Year Ended 31 October 2022




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Organic Warehouse (Chelsea) Limited

Company Information
for the Year Ended 31 October 2022







DIRECTOR: Mr M R Sharifi-Nia





REGISTERED OFFICE: 125 Sydney Street
Chelsea
London
SW3 6NR





REGISTERED NUMBER: 03859345 (England and Wales)





ACCOUNTANTS: Merali's Chartered Accountants
Scottish Provident House
76-80 College Road
Harrow
Middlesex
HA1 1BQ

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Organic Warehouse (Chelsea) Limited

The following reproduces the text of the report prepared for the director 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 Director 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 Organic Warehouse (Chelsea) Limited for the year ended 31 October 2022 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 director of Organic Warehouse (Chelsea) Limited in accordance with the terms of our engagement letter dated 31 March 2017. Our work has been undertaken solely to prepare for your approval the financial statements of Organic Warehouse (Chelsea) Limited and state those matters that we have agreed to state to the director of Organic Warehouse (Chelsea) Limited 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 Organic Warehouse (Chelsea) Limited and its director for our work or for this report.

It is your duty to ensure that Organic Warehouse (Chelsea) 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 loss of Organic Warehouse (Chelsea) Limited. You consider that Organic Warehouse (Chelsea) 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 Organic Warehouse (Chelsea) 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.






Merali's Chartered Accountants
Scottish Provident House
76-80 College Road
Harrow
Middlesex
HA1 1BQ


4 April 2025

Organic Warehouse (Chelsea) Limited (Registered number: 03859345)

Balance Sheet
31 October 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,932 2,884

CURRENT ASSETS
Stocks 46,839 44,958
Debtors 5 170,166 173,726
Cash in hand 8,375 -
225,380 218,684
CREDITORS
Amounts falling due within one year 6 (698,934 ) (405,519 )
NET CURRENT LIABILITIES (473,554 ) (186,835 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(466,622

)

(183,951

)

CREDITORS
Amounts falling due after more than one year 7 (25,817 ) (35,423 )
NET LIABILITIES (492,439 ) (219,374 )

CAPITAL AND RESERVES
Called up share capital 5,061 5,061
Share premium 545,037 545,037
Retained earnings (1,042,537 ) (769,472 )
SHAREHOLDERS' FUNDS (492,439 ) (219,374 )

Organic Warehouse (Chelsea) Limited (Registered number: 03859345)

Balance Sheet - continued
31 October 2022


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 4 April 2025 and were signed by:





Mr M R Sharifi-Nia - Director


Organic Warehouse (Chelsea) Limited (Registered number: 03859345)

Notes to the Financial Statements
for the Year Ended 31 October 2022

1. STATUTORY INFORMATION

Organic Warehouse (Chelsea) 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.

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
Turnover represents the till reports, net of value added tax, of goods sold to customers during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over useful life
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost

Stocks
Stock is valued at a lower of cost and net realisable value.

Going concern
Management have carefully considered the impact of covid-19. There are now positive signs of recovery in the UK due to easing of lockdown measures and full opening of the businesses.

After making enquiries and careful consideration of the impact of Covid-19 on the business, the directors have formed a judgement at the time of approving the financial statements, that there is a reasonable expectation that the company has adequate resources to continue in its operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2021 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2021 107,522 229,311 1,666 3,860 342,359
Additions - 7,630 - - 7,630
At 31 October 2022 107,522 236,941 1,666 3,860 349,989
DEPRECIATION
At 1 November 2021 107,522 227,427 666 3,860 339,475
Charge for year - 3,248 334 - 3,582
At 31 October 2022 107,522 230,675 1,000 3,860 343,057
NET BOOK VALUE
At 31 October 2022 - 6,266 666 - 6,932
At 31 October 2021 - 1,884 1,000 - 2,884

Organic Warehouse (Chelsea) Limited (Registered number: 03859345)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed by associates 123,105 123,105
Other debtors 20,250 20,250
VAT 508 4,343
Deferred tax asset 25,759 25,759
Prepayments 544 269
170,166 173,726

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts (see note 8) 49,929 40,527
Trade creditors 355,033 169,202
Meralis 16,973 12,773
Tax 23,525 20,938
Social security and other taxes 69,352 75,962
Directors' current accounts 173,622 75,617
Accrued expenses 10,500 10,500
698,934 405,519

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans (see note 8) 25,817 35,423

8. LOANS

An analysis of the maturity of loans is given below:

2022 2021
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 39,281 29,879
Bank loans 10,648 10,648
49,929 40,527

Amounts falling due between two and five years:
Bank loans - 2-5 years 25,817 35,423

9. DEFERRED TAX
£   
Balance at 1 November 2021 (25,759 )
Balance at 31 October 2022 (25,759 )

Organic Warehouse (Chelsea) Limited (Registered number: 03859345)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

10. RELATED PARTY DISCLOSURES

Other creditors include an amount of £173,622 (2021: £75,617 ) payable to Mr. M R Sharifi- Nia, director of the company. This is an interest free loan provided to the company

Other debtors include an amount of £123,105 (2021: £123,105) receivable from Slebech Park Limited. This is an interest free loan and repayable on demand by slebech park.

Both Organic Warehouse Ltd and Slebech Park Ltd are controlled by Mr. M R Sharifi - Nia.

11. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by Mr M R Sharifi-Nia by virtue of holding the majority of the issued share capital of the company.