Registered number
05061679
Elegant Cuisine Limited
Unaudited Filleted Accounts
30 September 2024
Elegant Cuisine Limited
Registered number: 05061679
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 - 8,000
Tangible assets 4 33,115 67,794
Investments 5 900,000 900,000
933,115 975,794
Current assets
Stocks 19,528 11,131
Debtors 6 124,384 267,839
Cash at bank and in hand 445,811 448,814
589,723 727,784
Creditors: amounts falling due within one year 7 (1,378,110) (412,375)
Net current (liabilities)/assets (788,387) 315,409
Total assets less current liabilities 144,728 1,291,203
Creditors: amounts falling due after more than one year 8 (109,363) (159,744)
Provisions for liabilities (8,938) (5,234)
Net assets 26,427 1,126,225
Capital and reserves
Called up share capital 17 10
Profit and loss account 26,410 1,126,215
Shareholders' funds 26,427 1,126,225
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.
Mr M K Ashton
Director
Approved by the board on 8 May 2025
Elegant Cuisine Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting 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, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 33% straight line
Fixtures, fittings, tools and equipment 14% straight line
Motor vehicles 33% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.
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.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 60 52
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 40,000
At 30 September 2024 40,000
Amortisation
At 1 October 2023 32,000
Provided during the year 8,000
At 30 September 2024 40,000
Net book value
At 30 September 2024 -
At 30 September 2023 8,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
Cost £ £ £
At 1 October 2023 126,474 237,078 363,552
Additions 6,592 - 6,592
Disposals - (3,000) (3,000)
At 30 September 2024 133,066 234,078 367,144
Depreciation
At 1 October 2023 109,405 186,353 295,758
Charge for the year 14,192 27,079 41,271
On disposals - (3,000) (3,000)
At 30 September 2024 123,597 210,432 334,029
Net book value
At 30 September 2024 9,469 23,646 33,115
At 30 September 2023 17,069 50,725 67,794
5 Investment property
Other
investments
£
Fair value
At 1 October 2023 900,000
At 30 September 2024 900,000
Historical cost
At 1 October 2023 821,507
At 30 September 2024 821,507
Investment property consists of a commercial building. There is no significant change in fair value of the investment property since 30 September 2019.

The company has arranged both fixed and floating charges over the freehold property, fixture & fittings, plant & machinery and all present and future book and other debts.

No depreciation was provided in respect of this property.
6 Debtors 2024 2023
£ £
Trade debtors 72,491 70,826
Amounts owed by group undertakings and undertakings in which the company has a participating interest 27,123 28,865
Other debtors 24,770 168,148
124,384 267,839
7 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 36,537 33,529
Obligations under finance lease and hire purchase contracts 10,483 22,861
Trade creditors 53,166 63,138
Amounts owed to group undertakings and undertakings in which the company has a participating interest 1,000,000 -
Taxation and social security costs 199,642 207,176
Other creditors 78,282 85,671
1,378,110 412,375
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 93,934 129,454
Obligations under finance lease and hire purchase contracts 15,429 30,290
109,363 159,744
9 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 128,459 162,984
The loan is secured on the investment property and a fixed and floating charge over the assets of the company.
10 Pension commitments
The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

At the balance sheet date the company had the pension commitment outstanding of £3,254 (2023: £2,305).
11 Controlling party
The company was controlled by Mr and Mrs Ashton, the directors who have a majority shareholding in its ultimate parent company, Freack Holdings Limited.
12 Other information
Elegant Cuisine Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Hinksey Court
Church Way
Oxford
OX2 9SX
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