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Registration number: 04747861

Honey Cafe Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Honey Cafe Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Honey Cafe Limited

Company Information

Directors

Mrs E H C de Bretton Gordon

Mr D M de Bretton Gordon

Registered office

Honey Cafe
Bronllys
Brecon
Powys
LD3 0LH

Bankers

Santander UK plc
Bridle Road
Bootle
Merseyside
L30 4GB

Accountants

W J James & Co
Chartered AccountantsBishop House
10 Wheat Street
Brecon
Powys
LD3 7DG

 

Honey Cafe Limited

(Registration number: 04747861)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

11,007

8,802

Current assets

 

Stocks

5

6,157

8,936

Debtors

6

15,015

7,989

Cash at bank and in hand

 

41,257

33,947

 

62,429

50,872

Creditors: Amounts falling due within one year

7

(59,892)

(49,355)

Net current assets

 

2,537

1,517

Total assets less current liabilities

 

13,544

10,319

Creditors: Amounts falling due after more than one year

7

(7,407)

(18,518)

Provisions for liabilities

(2,360)

(1,301)

Net assets/(liabilities)

 

3,777

(9,500)

Capital and reserves

 

Called up share capital

1

1

Capital redemption reserve

1

1

Retained earnings

3,775

(9,502)

Shareholders' funds/(deficit)

 

3,777

(9,500)

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 May 2025 and signed on its behalf by:
 

.........................................
Mrs E H C de Bretton Gordon
Director

 

Honey Cafe Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Honey Cafe
Bronllys
Brecon
Powys
LD3 0LH
United Kingdom

These financial statements were authorised for issue by the Board on 13 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are presented in sterling, which is the functional currency of the company, and rounded to the nearest £1.

Revenue recognition

Turnover represents the sale of food and drink, stated net of Value Added Tax.

Revenue is recognised when the food and drink is served to the customer.

Government grants

Government grants are accounted for as received, except that grants inder the Job Retention Scheme are accounted for in accordance with the payroll periods to which they relate,

Tax

The tax expense for the period comprises UK corporation tax and is recognised in profit or loss.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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.

 

Honey Cafe Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Short leasehold land and buildings

4% on cost

Fixtures and fittings

20% on cost and 10% on cost

Plant and machinery

20% on cost

Computer equipment

33% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for food and drink sold in the ordinary course of business.

Trade debtors are recognised at the transaction price.

Stocks

Stock is valued at cost price after making due allowance for any unsaleable items.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities.

Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash received.

 

Honey Cafe Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 20 (2023 - 19).

4

Tangible assets

Short leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Computer equipment
£

Cost or valuation

At 1 October 2023

9,701

18,540

37,654

4,547

Additions

-

728

6,791

-

Disposals

-

(4,182)

(4,025)

(2,983)

At 30 September 2024

9,701

15,086

40,420

1,564

Depreciation

At 1 October 2023

7,744

16,430

33,080

4,386

Charge for the year

388

1,205

3,028

161

Eliminated on disposal

-

(3,651)

(4,024)

(2,983)

At 30 September 2024

8,132

13,984

32,084

1,564

Carrying amount

At 30 September 2024

1,569

1,102

8,336

-

At 30 September 2023

1,957

2,110

4,574

161

 

Honey Cafe Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Total
£

Cost or valuation

At 1 October 2023

70,442

Additions

7,519

Disposals

(11,190)

At 30 September 2024

66,771

Depreciation

At 1 October 2023

61,640

Charge for the year

4,782

Eliminated on disposal

(10,658)

At 30 September 2024

55,764

Carrying amount

At 30 September 2024

11,007

At 30 September 2023

8,802

Included within the net book value of land and buildings above is £1,568 (2023 - £1,956) in respect of short leasehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other inventories

6,157

8,936

6

Debtors

Current

2024
£

2023
£

Prepayments

1,782

1,430

Other debtors

13,233

6,559

 

15,015

7,989

 

Honey Cafe Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

11,111

11,111

Trade creditors

 

6,615

3,764

Taxation and social security

 

27,376

21,002

Accruals and deferred income

 

10,378

12,597

Other creditors

 

4,412

881

 

59,892

49,355

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

7,407

18,518

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

7,407

18,518

Current loans and borrowings

2024
£

2023
£

Bank borrowings

11,111

11,111