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REGISTERED NUMBER: 03120690 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE HAMPSTEAD TEA & COFFEE CO. LIMITED

THE HAMPSTEAD TEA & COFFEE CO. LIMITED (REGISTERED NUMBER: 03120690)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


THE HAMPSTEAD TEA & COFFEE CO. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mrs K Tawadey
R Tawadey
R Tawadey
V Tawadey





SECRETARY: Mrs K Tawadey





REGISTERED OFFICE: 2 Jardine House
The Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: 03120690 (England and Wales)





ACCOUNTANTS: Barber & Company
A trading name of PCM Accounting Limited
2 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

THE HAMPSTEAD TEA & COFFEE CO. LIMITED (REGISTERED NUMBER: 03120690)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 93,742 105,852
Property, plant and equipment 5 13,024 16,454
Investments 6 84 84
106,850 122,390

CURRENT ASSETS
Inventories 7 408,387 404,931
Debtors 8 356,392 230,152
Cash at bank 6,445 14,339
771,224 649,422
CREDITORS
Amounts falling due within one year 9 414,360 341,133
NET CURRENT ASSETS 356,864 308,289
TOTAL ASSETS LESS CURRENT
LIABILITIES

463,714

430,679

CREDITORS
Amounts falling due after more than one
year

10

552,995

599,444
NET LIABILITIES (89,281 ) (168,765 )

CAPITAL AND RESERVES
Called up share capital 12 275,100 275,100
Retained earnings 13 (364,381 ) (443,865 )
SHAREHOLDERS' FUNDS (89,281 ) (168,765 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 HAMPSTEAD TEA & COFFEE CO. LIMITED (REGISTERED NUMBER: 03120690)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by:





Mrs K Tawadey - Director


THE HAMPSTEAD TEA & COFFEE CO. LIMITED (REGISTERED NUMBER: 03120690)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

The Hampstead Tea & Coffee Co. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

During the year under review, the company made a profit before taxation amounting to £79,484 (2023: Profit £43,493).

At the balance sheet date, the company had net current assets amounting to £356,864 (2023: £308,289) and Net liabilities amounting to £89,281 (2023: £168,765).

The company meets its day to day working capital requirements with support of its Director / Shareholders and its bankers and the board have taken this into account in their decision to prepare the Financial Statements on a going concern basis.

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS
The financial statements contain information about The Hampstead Tea & Coffee Co. Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

TURNOVER
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Design and Development costs are being amortised evenly over their estimated useful life of four years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - 25% on reducing balance
Plant and machinery - 20% on reducing balance
Office equipment - 25% on reducing balance

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.


THE HAMPSTEAD TEA & COFFEE CO. LIMITED (REGISTERED NUMBER: 03120690)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Design
and
Development
costs
£   
COST
At 1 January 2024 348,174
Additions 19,137
At 31 December 2024 367,311
AMORTISATION
At 1 January 2024 242,322
Amortisation for year 31,247
At 31 December 2024 273,569
NET BOOK VALUE
At 31 December 2024 93,742
At 31 December 2023 105,852

THE HAMPSTEAD TEA & COFFEE CO. LIMITED (REGISTERED NUMBER: 03120690)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. PROPERTY, PLANT AND EQUIPMENT
Leasehold Plant and Office
improvements machinery equipment Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 7,926 128,307 14,905 151,138
DEPRECIATION
At 1 January 2024 6,986 114,629 13,069 134,684
Charge for year 235 2,736 459 3,430
At 31 December 2024 7,221 117,365 13,528 138,114
NET BOOK VALUE
At 31 December 2024 705 10,942 1,377 13,024
At 31 December 2023 940 13,678 1,836 16,454

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 84
NET BOOK VALUE
At 31 December 2024 84
At 31 December 2023 84

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Hampstead Organic BV
Registered office: Kapellerlaan 19, 6041 JB Roermond, The Netherlands
Nature of business: Trading company
%
Class of shares: holding
Ordinary Shares 100.00
31.12.24 31.12.23
£    £   
Aggregate capital and reserves 1,518 2,321
(Loss)/profit for the year (797 ) 32,133

During the period under review:

Sales to Hampstead Organic BV amount to £654,911 (2023: £557,558).

Direct costs recharged to Hampstead Organic BV amounted to £19,469 (2023: £15,450).

Administrative expenditure recharged to Hampstead Organic BV, amounted to £Nil (2023: £41,212).

THE HAMPSTEAD TEA & COFFEE CO. LIMITED (REGISTERED NUMBER: 03120690)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. INVENTORIES
31.12.24 31.12.23
£    £   
Raw materials and finished goods 408,387 404,931

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 216,188 44,337
Amounts owed by group undertakings 126,296 106,827
Other debtors 13,908 11,702
Prepayments and accrued income - 67,286
356,392 230,152

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 61,474 67,253
Other loans 34,932 35,171
Trade creditors 304,421 218,411
Social security and other taxes 2,966 7,220
Other creditors 1,735 8,078
Accruals and deferred income 8,832 5,000
414,360 341,133

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Other loans - 2-5 years 102,163 137,095
Directors' loan accounts 450,832 462,349
552,995 599,444

11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year - 14,506

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
275,100 Ordinary Shares £1 275,100 275,100

THE HAMPSTEAD TEA & COFFEE CO. LIMITED (REGISTERED NUMBER: 03120690)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

13. RESERVES
Retained
earnings
£   

At 1 January 2024 (443,865 )
Profit for the year 79,484
At 31 December 2024 (364,381 )

14. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs K Tawadey.