Registered number
10826587
CAFE POEM LTD
Report and Accounts
31 March 2025
CAFE POEM LTD
Registered number: 10826587
Directors' Report
The directors present their report and accounts for the year ended 31 March 2025.
Principal activities
The company's principal activity during the year continued to be Unlicensed cafe
Directors
The following persons served as directors during the year:
Mrs Sevgi Erdgan - Ms Ebru Erdogan
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 31 March 2025 and signed on its behalf.
Mrs Sevgi Erdgan - Ms Ebru Erdogan
Director
CAFE POEM LTD
Accountants' Report
Accountants' report to the directors of
CAFE POEM LTD
You consider that the company is exempt from an audit for the year ended 31 March 2025. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
OLIVER ACCOUNTANCY LTD
Accountants
90 BASEMENT FLOOR
WESTERN ROAD
BRIGHTON
BN1 2LB
6 May 2025
CAFE POEM LTD
Profit and Loss Account
for the year ended 31 March 2025
2025 2024
£ £
Turnover74,20181,888
Cost of sales(11,239)(16,139)
Gross profit62,96265,749
Administrative expenses(60,295)(56,094)
Other operating income164,800
Operating profit2,68314,455
Interest payable- (2)
Profit before taxation2,68314,453
Tax on profit(510)(2,746)
Profit for the financial year2,17311,707
CAFE POEM LTD
Registered number:10826587
Balance Sheet
as at 31 March 2025
Notes2025 2024
£ £
Fixed assets
Tangible assets316,85020,355
Current assets
Cash at bank and in hand474799
Creditors: amounts falling due within one year4(12,746)(13,328)
Net current liabilities(12,272)(12,529)
Total assets less current liabilities4,5787,826
Creditors: amounts falling due after more than one year5(4,510)(9,931)
Net assets/(liabilities)68(2,105)
Capital and reserves
Profit and loss account68(2,105)
Shareholders' funds68(2,105)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs Sevgi Erdgan - Ms Ebru Erdogan
Director
Approved by the board on 31 March 2025
CAFE POEM LTD
Notes to the Accounts
for the year ended 31 March 2025
1Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildingsover 50 years
Leasehold land and buildingsover the lease term
Plant and machineryover 5 years
Fixtures, fittings, tools and equipmentover 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2Employees2025 2024
NumberNumber
Average number of persons employed by the company22
3Tangible fixed assets
Land and buildingsPlant and machinery etcTotal
£ £ £
Cost
At 1 April 20241,31423,17224,486
At 31 March 20251,31423,17224,486
Depreciation
At 1 April 2024- 4,1314,131
Charge for the year- 3,5053,505
At 31 March 2025- 7,6367,636
Net book value
At 31 March 20251,31415,53616,850
At 31 March 20241,31419,04120,355
4Creditors: amounts falling due within one year2025 2024
£ £
Trade creditors(189)(45)
Taxation and social security costs5102,746
Other creditors12,42510,627
12,74613,328
5Creditors: amounts falling due after one year2025 2024
£ £
Bank loans4,5109,931
6Other information
CAFE POEM LTD is a private company limited by shares and incorporated in England. Its registered office is:
89 Western Road
Hove
BN3 1JB
CAFE POEM LTD
Detailed profit and loss account
for the year ended 31 March 2025
This schedule does not form part of the statutory accounts
2025 2024
£ £
Sales74,20181,888
Cost of sales(11,239)(16,139)
Gross profit62,96265,749
Administrative expenses(60,295)(56,094)
Other operating income164,800
Operating profit2,68314,455
Interest payable- (2)
Profit before tax2,68314,453
CAFE POEM LTD
Detailed profit and loss account
for the year ended 31 March 2025
This schedule does not form part of the statutory accounts
2025 2024
£ £
Sales
Sales
74,201
81,888
Cost of sales
Purchases
11,239
16,139
Administrative expenses
Employee costs:
Directors' salaries
36,000
36,000
36,000 36,000
Premises costs:
Rent
9,190
8,890
Rates
446
227
Light and heat
6,769
7,306
Cleaning
310
552
16,715 16,975
General administrative expenses:
Telephone and internet
732
697
Stationery and printing
7
13
Bank charges
1,086
106
Insurance
713
618
Equipment expensed
3,505
-
Repairs and maintenance
48
195
6,091 1,629
Legal and professional costs:
Accountancy fees
1,440
1,490
Advertising and PR
49
-
1,489 1,490
60,295 56,094
Other operating income
Other operating income
16
4,800
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